Citizens Financial Group Inc. RI Buys New Holdings in Deutsche Bank Aktiengesellschaft $DB

Citizens Financial Group Inc. RI purchased a new position in shares of Deutsche Bank Aktiengesellschaft (NYSE:DB) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 8,743 shares of the bank’s stock, valued at approximately $256,000.

Other hedge funds also recently made changes to their positions in the company. Opal Wealth Advisors LLC bought a new position in shares of Deutsche Bank Aktiengesellschaft during the 2nd quarter worth about $25,000. Zions Bancorporation National Association UT acquired a new position in Deutsche Bank Aktiengesellschaft in the first quarter worth about $39,000. Allworth Financial LP lifted its stake in Deutsche Bank Aktiengesellschaft by 54.0% during the second quarter. Allworth Financial LP now owns 2,143 shares of the bank’s stock worth $63,000 after purchasing an additional 751 shares during the period. Farther Finance Advisors LLC boosted its holdings in Deutsche Bank Aktiengesellschaft by 46.5% during the second quarter. Farther Finance Advisors LLC now owns 2,387 shares of the bank’s stock valued at $70,000 after purchasing an additional 758 shares in the last quarter. Finally, Founders Capital Management bought a new stake in shares of Deutsche Bank Aktiengesellschaft in the 2nd quarter valued at approximately $73,000. Institutional investors and hedge funds own 27.90% of the company’s stock.

Deutsche Bank Aktiengesellschaft Stock Up 1.6%

Shares of NYSE DB opened at $34.64 on Thursday. Deutsche Bank Aktiengesellschaft has a 12-month low of $16.02 and a 12-month high of $38.78. The firm’s 50-day simple moving average is $35.60 and its 200 day simple moving average is $32.63. The company has a quick ratio of 0.79, a current ratio of 0.79 and a debt-to-equity ratio of 1.39. The company has a market cap of $68.99 billion, a price-to-earnings ratio of 12.78, a price-to-earnings-growth ratio of 1.12 and a beta of 1.02.

Deutsche Bank Aktiengesellschaft (NYSE:DB) last announced its earnings results on Wednesday, October 29th. The bank reported $0.97 earnings per share for the quarter, topping analysts’ consensus estimates of $0.81 by $0.16. Deutsche Bank Aktiengesellschaft had a net margin of 7.99% and a return on equity of 6.13%. The company had revenue of $9.44 billion during the quarter, compared to the consensus estimate of $7.75 billion. On average, research analysts expect that Deutsche Bank Aktiengesellschaft will post 2.93 earnings per share for the current fiscal year.

Analysts Set New Price Targets

DB has been the subject of several analyst reports. Weiss Ratings restated a “buy (b)” rating on shares of Deutsche Bank Aktiengesellschaft in a research report on Wednesday, October 8th. The Goldman Sachs Group lowered Deutsche Bank Aktiengesellschaft from a “buy” rating to a “neutral” rating in a research note on Tuesday, August 26th. Morgan Stanley restated an “overweight” rating on shares of Deutsche Bank Aktiengesellschaft in a research note on Tuesday, September 2nd. Jefferies Financial Group started coverage on shares of Deutsche Bank Aktiengesellschaft in a research report on Monday, October 20th. They set a “hold” rating for the company. Finally, Barclays raised shares of Deutsche Bank Aktiengesellschaft to a “strong-buy” rating in a report on Friday, October 10th. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, Deutsche Bank Aktiengesellschaft has a consensus rating of “Hold”.

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.