Deutsche Bank Aktiengesellschaft $DB Shares Sold by Baron Wealth Management LLC

Baron Wealth Management LLC lowered its position in Deutsche Bank Aktiengesellschaft (NYSE:DB) by 2.7% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 27,099 shares of the bank’s stock after selling 757 shares during the quarter. Baron Wealth Management LLC’s holdings in Deutsche Bank Aktiengesellschaft were worth $793,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Zions Bancorporation National Association UT acquired a new position in Deutsche Bank Aktiengesellschaft in the 1st quarter worth $39,000. Farther Finance Advisors LLC lifted its holdings in Deutsche Bank Aktiengesellschaft by 96.5% in the 1st quarter. Farther Finance Advisors LLC now owns 1,629 shares of the bank’s stock worth $39,000 after buying an additional 800 shares in the last quarter. MassMutual Private Wealth & Trust FSB increased its position in shares of Deutsche Bank Aktiengesellschaft by 21.3% in the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 2,412 shares of the bank’s stock worth $57,000 after purchasing an additional 424 shares during the last quarter. Kayne Anderson Rudnick Investment Management LLC increased its position in shares of Deutsche Bank Aktiengesellschaft by 28,293.3% in the 1st quarter. Kayne Anderson Rudnick Investment Management LLC now owns 4,259 shares of the bank’s stock worth $101,000 after purchasing an additional 4,244 shares during the last quarter. Finally, Federated Hermes Inc. increased its position in shares of Deutsche Bank Aktiengesellschaft by 651.9% in the 1st quarter. Federated Hermes Inc. now owns 4,910 shares of the bank’s stock worth $116,000 after purchasing an additional 4,257 shares during the last quarter. Institutional investors and hedge funds own 27.90% of the company’s stock.

Deutsche Bank Aktiengesellschaft Price Performance

NYSE DB opened at $36.58 on Wednesday. The company has a current ratio of 0.79, a quick ratio of 0.79 and a debt-to-equity ratio of 1.39. The company has a fifty day simple moving average of $34.26 and a 200 day simple moving average of $28.79. The company has a market cap of $72.87 billion, a P/E ratio of 13.91, a P/E/G ratio of 0.46 and a beta of 1.03. Deutsche Bank Aktiengesellschaft has a 1 year low of $16.02 and a 1 year high of $37.86.

Deutsche Bank Aktiengesellschaft (NYSE:DB) last issued its quarterly earnings results on Thursday, July 24th. The bank reported $0.54 earnings per share for the quarter, missing analysts’ consensus estimates of $0.78 by ($0.24). Deutsche Bank Aktiengesellschaft had a net margin of 7.67% and a return on equity of 6.01%. The company had revenue of $9.21 billion during the quarter, compared to the consensus estimate of $7.80 billion. On average, sell-side analysts predict that Deutsche Bank Aktiengesellschaft will post 2.93 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the stock. Kepler Capital Markets downgraded shares of Deutsche Bank Aktiengesellschaft from a “strong-buy” rating to a “hold” rating in a research report on Monday, July 28th. Wall Street Zen downgraded shares of Deutsche Bank Aktiengesellschaft from a “buy” rating to a “hold” rating in a research report on Saturday, July 26th. Morgan Stanley reaffirmed an “overweight” rating on shares of Deutsche Bank Aktiengesellschaft in a research report on Tuesday, September 2nd. Bank of America began coverage on shares of Deutsche Bank Aktiengesellschaft in a research note on Tuesday, June 10th. They set a “buy” rating for the company. Finally, Citigroup reissued a “sell” rating on shares of Deutsche Bank Aktiengesellschaft in a research note on Friday, July 25th. Four analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has an average 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.