Prospera Financial Services Inc Lowers Stock Holdings in Deutsche Bank Aktiengesellschaft $DB

Prospera Financial Services Inc reduced its position in shares of Deutsche Bank Aktiengesellschaft (NYSE:DB) by 26.9% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 41,525 shares of the bank’s stock after selling 15,304 shares during the period. Prospera Financial Services Inc’s holdings in Deutsche Bank Aktiengesellschaft were worth $1,601,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of DB. Legacy Capital Group California Inc. boosted its holdings in Deutsche Bank Aktiengesellschaft by 2.2% in the third quarter. Legacy Capital Group California Inc. now owns 12,368 shares of the bank’s stock valued at $438,000 after purchasing an additional 264 shares during the period. Evergreen Capital Management LLC boosted its holdings in Deutsche Bank Aktiengesellschaft by 1.9% in the second quarter. Evergreen Capital Management LLC now owns 15,436 shares of the bank’s stock valued at $452,000 after purchasing an additional 282 shares during the period. Cresset Asset Management LLC boosted its holdings in Deutsche Bank Aktiengesellschaft by 2.4% in the third quarter. Cresset Asset Management LLC now owns 11,955 shares of the bank’s stock valued at $423,000 after purchasing an additional 285 shares during the period. Wedbush Securities Inc. boosted its holdings in Deutsche Bank Aktiengesellschaft by 4.2% in the third quarter. Wedbush Securities Inc. now owns 8,226 shares of the bank’s stock valued at $291,000 after purchasing an additional 331 shares during the period. Finally, Wealth Enhancement Advisory Services LLC boosted its holdings in Deutsche Bank Aktiengesellschaft by 0.8% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 41,905 shares of the bank’s stock valued at $1,457,000 after purchasing an additional 346 shares during the period. 27.90% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on DB. Wall Street Zen upgraded Deutsche Bank Aktiengesellschaft from a “hold” rating to a “buy” rating in a report on Saturday, May 16th. Citigroup upgraded Deutsche Bank Aktiengesellschaft from a “sell” rating to a “hold” rating in a report on Thursday, April 9th. Oddo Bhf upgraded Deutsche Bank Aktiengesellschaft to an “outperform” rating in a report on Friday, May 8th. Barclays lowered Deutsche Bank Aktiengesellschaft from an “overweight” rating to an “equal weight” rating in a report on Monday, April 20th. Finally, Weiss Ratings lowered Deutsche Bank Aktiengesellschaft from a “buy (b)” rating to a “buy (b-)” rating in a report on Wednesday, May 6th. Five investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. According to MarketBeat, Deutsche Bank Aktiengesellschaft presently has an average rating of “Hold”.

Deutsche Bank Aktiengesellschaft Stock Down 0.5%

Shares of NYSE DB opened at $33.34 on Thursday. The company has a market capitalization of $64.67 billion, a price-to-earnings ratio of 9.18, a price-to-earnings-growth ratio of 0.45 and a beta of 0.94. The company has a debt-to-equity ratio of 1.40, a current ratio of 0.74 and a quick ratio of 0.74. The business has a 50-day moving average of $31.31 and a two-hundred day moving average of $34.84. Deutsche Bank Aktiengesellschaft has a 1 year low of $27.13 and a 1 year high of $40.43.

Deutsche Bank Aktiengesellschaft (NYSE:DB) last announced its quarterly earnings results on Wednesday, April 29th. The bank reported $1.24 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.15 by $0.09. The company had revenue of $10.04 billion during the quarter, compared to the consensus estimate of $9.85 billion. Deutsche Bank Aktiengesellschaft had a return on equity of 7.69% and a net margin of 10.43%. On average, analysts forecast that Deutsche Bank Aktiengesellschaft will post 4.02 earnings per share for the current fiscal year.

Deutsche Bank Aktiengesellschaft Company Profile

Deutsche Bank Aktiengesellschaft is a global banking and financial services company headquartered in Frankfurt, Germany. Founded in 1870 to support German foreign trade, the firm has grown into a full-service bank offering a wide range of banking, advisory and transaction services to corporate, institutional, and private clients. Over its history the bank has expanded internationally and developed capabilities across capital markets, investment banking, retail and commercial banking, and wealth management.

The bank’s core business activities include corporate and investment banking—covering financing, advisory, sales and trading, and capital markets services—along with private & commercial banking for individual and small-to-medium enterprise clients.