Magnus Financial Group LLC Makes New $237,000 Investment in Deutsche Bank Aktiengesellschaft $DB

Magnus Financial Group LLC purchased a new position in Deutsche Bank Aktiengesellschaft (NYSE:DB) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 8,097 shares of the bank’s stock, valued at approximately $237,000.

Other institutional investors also recently bought and sold shares of the company. Contravisory Investment Management Inc. lifted its holdings in Deutsche Bank Aktiengesellschaft by 2.9% during the second quarter. Contravisory Investment Management Inc. now owns 12,223 shares of the bank’s stock worth $358,000 after buying an additional 346 shares during the period. MassMutual Private Wealth & Trust FSB lifted its stake in shares of Deutsche Bank Aktiengesellschaft by 21.3% during 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. Dorsey & Whitney Trust CO LLC boosted its position in Deutsche Bank Aktiengesellschaft by 2.2% during the first quarter. Dorsey & Whitney Trust CO LLC now owns 21,914 shares of the bank’s stock valued at $522,000 after purchasing an additional 477 shares in the last quarter. Ballentine Partners LLC grew its stake in Deutsche Bank Aktiengesellschaft by 4.1% in the first quarter. Ballentine Partners LLC now owns 17,356 shares of the bank’s stock valued at $414,000 after purchasing an additional 680 shares during the last quarter. Finally, Parallel Advisors LLC lifted its position in shares of Deutsche Bank Aktiengesellschaft by 6.5% during the second quarter. Parallel Advisors LLC now owns 11,286 shares of the bank’s stock valued at $330,000 after buying an additional 692 shares during the last quarter. 27.90% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on the stock. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of Deutsche Bank Aktiengesellschaft in a research report on Monday, July 28th. Bank of America initiated coverage on Deutsche Bank Aktiengesellschaft in a research report on Tuesday, June 10th. They set a “buy” rating on the stock. Morgan Stanley reissued an “overweight” rating on shares of Deutsche Bank Aktiengesellschaft in a research report on Tuesday, September 2nd. Kepler Capital Markets lowered Deutsche Bank Aktiengesellschaft from a “strong-buy” rating to a “hold” rating in a research report on Monday, July 28th. Finally, Zacks Research downgraded Deutsche Bank Aktiengesellschaft from a “strong-buy” rating to a “hold” rating in a report on Friday, August 22nd. Four research 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. According to data from MarketBeat, the stock currently has a consensus rating of “Hold”.

Deutsche Bank Aktiengesellschaft Trading Up 1.3%

Shares of NYSE:DB opened at $35.69 on Friday. The business has a 50-day moving average price of $35.23 and a 200-day moving average price of $29.47. The stock has a market cap of $71.10 billion, a price-to-earnings ratio of 13.57, a PEG ratio of 0.43 and a beta of 1.03. Deutsche Bank Aktiengesellschaft has a 52-week low of $16.02 and a 52-week high of $37.86. The company has a quick ratio of 0.79, a current ratio of 0.79 and a debt-to-equity ratio of 1.39.

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