Entrust Global Partners L L C Takes Position in Deutsche Bank Aktiengesellschaft $DB

Entrust Global Partners L L C bought a new stake in Deutsche Bank Aktiengesellschaft (NYSE:DB) during the 1st quarter, Holdings Channel reports. The firm bought 15,499,177 shares of the bank’s stock, valued at approximately $365,750,000. Deutsche Bank Aktiengesellschaft accounts for about 74.4% of Entrust Global Partners L L C’s investment portfolio, making the stock its largest holding.

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

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on DB shares. The Goldman Sachs Group downgraded Deutsche Bank Aktiengesellschaft from a “buy” rating to a “neutral” rating in a research report on Tuesday, August 26th. Wall Street Zen downgraded Deutsche Bank Aktiengesellschaft from a “buy” rating to a “hold” rating in a research report on Saturday, July 26th. Morgan Stanley reissued an “overweight” rating on shares of Deutsche Bank Aktiengesellschaft in a research report on Tuesday, September 2nd. Royal Bank Of Canada reissued an “outperform” rating on shares of Deutsche Bank Aktiengesellschaft in a research report on Monday, July 28th. Finally, Bank of America started coverage on Deutsche Bank Aktiengesellschaft in a research report on Tuesday, June 10th. They set a “buy” rating on the stock. Four equities research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, Deutsche Bank Aktiengesellschaft currently has a consensus rating of “Hold”.

Deutsche Bank Aktiengesellschaft Stock Up 0.1%

NYSE DB opened at $35.23 on Tuesday. The business has a fifty day moving average price of $33.34 and a two-hundred day moving average price of $28.20. The company has a debt-to-equity ratio of 1.39, a current ratio of 0.79 and a quick ratio of 0.79. Deutsche Bank Aktiengesellschaft has a fifty-two week low of $15.20 and a fifty-two week high of $37.54. The stock has a market capitalization of $70.17 billion, a PE ratio of 13.39, a PEG ratio of 0.43 and a beta of 1.03.

Deutsche Bank Aktiengesellschaft (NYSE:DB) last released its earnings results on Thursday, July 24th. The bank reported $0.54 earnings per share for the quarter, missing the consensus estimate of $0.78 by ($0.24). Deutsche Bank Aktiengesellschaft had a return on equity of 6.01% and a net margin of 7.67%.The business had revenue of $9.21 billion for the quarter, compared to the consensus estimate of $7.80 billion. Equities analysts expect 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.