88,036 Shares in Deutsche Bank Aktiengesellschaft (NYSE:DB) Acquired by Andra AP fonden

Andra AP fonden acquired a new position in shares of Deutsche Bank Aktiengesellschaft (NYSE:DB) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 88,036 shares of the bank’s stock, valued at approximately $1,312,000.

Several other hedge funds have also recently bought and sold shares of DB. Rothschild Investment LLC bought a new position in shares of Deutsche Bank Aktiengesellschaft in the second quarter valued at approximately $29,000. Parallel Advisors LLC boosted its stake in Deutsche Bank Aktiengesellschaft by 26.9% in the fourth quarter. Parallel Advisors LLC now owns 5,483 shares of the bank’s stock worth $74,000 after purchasing an additional 1,163 shares in the last quarter. EverSource Wealth Advisors LLC grew its holdings in shares of Deutsche Bank Aktiengesellschaft by 20.5% during the first quarter. EverSource Wealth Advisors LLC now owns 7,368 shares of the bank’s stock worth $118,000 after purchasing an additional 1,251 shares during the last quarter. Blue Trust Inc. increased its stake in shares of Deutsche Bank Aktiengesellschaft by 251.8% in the second quarter. Blue Trust Inc. now owns 8,587 shares of the bank’s stock valued at $135,000 after buying an additional 6,146 shares in the last quarter. Finally, Leo Wealth LLC bought a new position in shares of Deutsche Bank Aktiengesellschaft in the first quarter valued at about $159,000. 27.90% of the stock is currently owned by institutional investors and hedge funds.

Deutsche Bank Aktiengesellschaft Price Performance

Deutsche Bank Aktiengesellschaft stock opened at $15.83 on Friday. The stock has a market cap of $32.72 billion, a price-to-earnings ratio of 6.91, a P/E/G ratio of 2.54 and a beta of 1.21. Deutsche Bank Aktiengesellschaft has a 12-month low of $10.00 and a 12-month high of $17.95. The company has a quick ratio of 0.78, a current ratio of 0.78 and a debt-to-equity ratio of 1.43. The business’s 50-day simple moving average is $15.84 and its 200 day simple moving average is $15.87.

Deutsche Bank Aktiengesellschaft (NYSE:DB) last issued its earnings results on Wednesday, July 24th. The bank reported ($0.41) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.49 by ($0.90). The business had revenue of $7.87 billion during the quarter, compared to the consensus estimate of $8.18 billion. Deutsche Bank Aktiengesellschaft had a net margin of 5.58% and a return on equity of 4.63%. As a group, research analysts anticipate that Deutsche Bank Aktiengesellschaft will post 2.29 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the stock. Barclays upgraded shares of Deutsche Bank Aktiengesellschaft from an “equal weight” rating to an “overweight” rating in a research report on Tuesday, September 3rd. StockNews.com lowered shares of Deutsche Bank Aktiengesellschaft from a “buy” rating to a “hold” rating in a report on Friday, July 26th. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Deutsche Bank Aktiengesellschaft presently has a consensus rating of “Hold”.

Deutsche Bank Aktiengesellschaft Profile

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.