Creative Planning Purchases 29,622 Shares of Deutsche Bank Aktiengesellschaft (NYSE:DB)

Creative Planning grew its position in shares of Deutsche Bank Aktiengesellschaft (NYSE:DB) by 26.1% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 143,117 shares of the bank’s stock after buying an additional 29,622 shares during the quarter. Creative Planning’s holdings in Deutsche Bank Aktiengesellschaft were worth $2,477,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of DB. Rothschild Investment LLC purchased a new position in shares of Deutsche Bank Aktiengesellschaft during the second quarter valued at about $29,000. SYSTM Wealth Solutions LLC purchased a new position in shares of Deutsche Bank Aktiengesellschaft during the second quarter valued at about $31,000. EverSource Wealth Advisors LLC increased its position 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 valued at $118,000 after buying an additional 1,251 shares during the period. Benjamin F. Edwards & Company Inc. purchased a new position in shares of Deutsche Bank Aktiengesellschaft during the second quarter valued at about $135,000. Finally, Blue Trust Inc. increased its position in shares of Deutsche Bank Aktiengesellschaft by 251.8% during 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 during the period. 27.90% of the stock is owned by institutional investors.

Deutsche Bank Aktiengesellschaft Price Performance

Shares of DB opened at $16.84 on Monday. The stock has a market cap of $34.80 billion, a PE ratio of 7.35 and a beta of 1.21. The company has a debt-to-equity ratio of 1.43, a quick ratio of 0.78 and a current ratio of 0.78. Deutsche Bank Aktiengesellschaft has a fifty-two week low of $10.83 and a fifty-two week high of $17.95. The firm’s 50-day simple moving average is $16.77 and its two-hundred day simple moving average is $16.39.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on DB. StockNews.com upgraded shares of Deutsche Bank Aktiengesellschaft from a “hold” rating to a “buy” rating in a research report on Monday, October 7th. Barclays upgraded shares of Deutsche Bank Aktiengesellschaft from an “equal weight” rating to an “overweight” rating in a report on Tuesday, September 3rd. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy”.

Deutsche Bank Aktiengesellschaft Company 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.