Drive Wealth Management LLC Buys 489 Shares of Deutsche Bank Aktiengesellschaft $DB

Drive Wealth Management LLC lifted its stake in shares of Deutsche Bank Aktiengesellschaft (NYSE:DB) by 3.9% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 13,125 shares of the bank’s stock after purchasing an additional 489 shares during the period. Drive Wealth Management LLC’s holdings in Deutsche Bank Aktiengesellschaft were worth $384,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of the company. GQG Partners LLC bought a new position in Deutsche Bank Aktiengesellschaft during the first quarter valued at $470,716,000. Entrust Global Partners L L C purchased a new position in shares of Deutsche Bank Aktiengesellschaft during the 1st quarter valued at $365,750,000. Deutsche Bank AG grew its stake in shares of Deutsche Bank Aktiengesellschaft by 10.0% during the 1st quarter. Deutsche Bank AG now owns 47,662,928 shares of the bank’s stock worth $1,135,808,000 after acquiring an additional 4,322,086 shares during the period. Appaloosa LP purchased a new stake in Deutsche Bank Aktiengesellschaft in the 1st quarter worth about $89,362,000. Finally, Causeway Capital Management LLC bought a new stake in Deutsche Bank Aktiengesellschaft in the 1st quarter valued at about $36,066,000. Hedge funds and other institutional investors own 27.90% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the stock. Zacks Research lowered shares of Deutsche Bank Aktiengesellschaft from a “strong-buy” rating to a “hold” rating in a research report on Friday, August 22nd. Citigroup reissued a “sell” rating on shares of Deutsche Bank Aktiengesellschaft in a research report on Friday, July 25th. Barclays raised shares of Deutsche Bank Aktiengesellschaft to a “strong-buy” rating in a report on Friday, October 10th. Morgan Stanley reiterated an “overweight” rating on shares of Deutsche Bank Aktiengesellschaft in a research note on Tuesday, September 2nd. Finally, Jefferies Financial Group began coverage on Deutsche Bank Aktiengesellschaft in a research report on Monday. They set a “hold” rating on the stock. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold”.

Deutsche Bank Aktiengesellschaft Price Performance

Shares of NYSE:DB opened at $33.88 on Tuesday. The company has a 50 day moving average of $35.75 and a 200 day moving average of $30.78. 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 stock has a market cap of $67.48 billion, a P/E ratio of 12.88, a P/E/G ratio of 1.03 and a beta of 0.98. Deutsche Bank Aktiengesellschaft has a 12 month low of $16.02 and a 12 month high of $37.86.

Deutsche Bank Aktiengesellschaft (NYSE:DB) last announced its quarterly earnings results on Thursday, July 24th. The bank reported $0.54 EPS for the quarter, missing the consensus estimate of $0.78 by ($0.24). The firm had revenue of $9.21 billion during the quarter, compared to the consensus estimate of $7.80 billion. Deutsche Bank Aktiengesellschaft had a net margin of 7.67% and a return on equity of 6.01%. As a group, sell-side analysts forecast that Deutsche Bank Aktiengesellschaft will post 2.93 EPS 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.