ABN AMRO Bank N.V. Invests $496,000 in Deutsche Bank Aktiengesellschaft $DB

ABN AMRO Bank N.V. acquired a new stake in Deutsche Bank Aktiengesellschaft (NYSE:DB) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 16,702 shares of the bank’s stock, valued at approximately $496,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Contravisory Investment Management Inc. grew its position in shares of Deutsche Bank Aktiengesellschaft by 2.9% in the 2nd quarter. Contravisory Investment Management Inc. now owns 12,223 shares of the bank’s stock valued at $358,000 after buying an additional 346 shares during the last quarter. Envestnet Portfolio Solutions Inc. lifted its stake in shares of Deutsche Bank Aktiengesellschaft by 4.7% in the second quarter. Envestnet Portfolio Solutions Inc. now owns 10,033 shares of the bank’s stock worth $294,000 after acquiring an additional 450 shares during the period. Dorsey & Whitney Trust CO LLC boosted its holdings in Deutsche Bank Aktiengesellschaft by 2.2% in the first quarter. Dorsey & Whitney Trust CO LLC now owns 21,914 shares of the bank’s stock valued at $522,000 after acquiring an additional 477 shares during the last quarter. Drive Wealth Management LLC increased its position in Deutsche Bank Aktiengesellschaft by 3.9% during the 2nd quarter. Drive Wealth Management LLC now owns 13,125 shares of the bank’s stock valued at $384,000 after purchasing an additional 489 shares during the period. Finally, Venturi Wealth Management LLC raised its holdings in Deutsche Bank Aktiengesellschaft by 1.2% during the 2nd quarter. Venturi Wealth Management LLC now owns 42,469 shares of the bank’s stock worth $1,244,000 after purchasing an additional 509 shares during the last quarter. 27.90% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on DB shares. Wall Street Zen lowered shares of Deutsche Bank Aktiengesellschaft from a “buy” rating to a “hold” rating in a research note on Saturday. Morgan Stanley reaffirmed an “overweight” rating on shares of Deutsche Bank Aktiengesellschaft in a research report on Tuesday, September 2nd. Jefferies Financial Group started coverage on Deutsche Bank Aktiengesellschaft in a research report on Monday, October 20th. They issued a “hold” rating for the company. Kepler Capital Markets downgraded Deutsche Bank Aktiengesellschaft from a “strong-buy” rating to a “hold” rating in a research note on Monday, July 28th. Finally, Barclays raised Deutsche Bank Aktiengesellschaft to a “strong-buy” rating in a research note on Friday, October 10th. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold”.

Deutsche Bank Aktiengesellschaft Stock Up 1.9%

Deutsche Bank Aktiengesellschaft stock opened at $34.19 on Friday. The firm has a market capitalization of $68.11 billion, a price-to-earnings ratio of 12.62, a price-to-earnings-growth ratio of 1.12 and a beta of 1.02. The firm’s fifty day moving average price is $35.47 and its two-hundred day moving average price is $32.68. Deutsche Bank Aktiengesellschaft has a 1-year low of $16.02 and a 1-year high of $38.78. The company has a current ratio of 0.79, a quick ratio of 0.79 and a debt-to-equity ratio of 1.39.

Deutsche Bank Aktiengesellschaft (NYSE:DB) last posted its earnings results on Wednesday, October 29th. The bank reported $0.97 EPS for the quarter, topping the consensus estimate of $0.81 by $0.16. Deutsche Bank Aktiengesellschaft had a net margin of 7.99% and a return on equity of 6.13%. The company had revenue of $9.44 billion during the quarter, compared to the consensus estimate of $7.75 billion. On average, equities research analysts predict that Deutsche Bank Aktiengesellschaft will post 2.93 earnings per share for the current fiscal year.

About Deutsche Bank Aktiengesellschaft

Deutsche Bank Aktiengesellschaft, a stock corporation, provides corporate and investment banking, and asset management products and services to private individuals, corporate entities, and institutional clients in Germany, the United Kingdom, rest of Europe, the Middle East, Africa, the Americas, and the Asia-Pacific.