Forsta AP Fonden Buys 53,167 Shares of Deutsche Bank Aktiengesellschaft $DB

Forsta AP Fonden raised its stake in shares of Deutsche Bank Aktiengesellschaft (NYSE:DB) by 14.2% in the 4th quarter, HoldingsChannel reports. The firm owned 427,972 shares of the bank’s stock after purchasing an additional 53,167 shares during the period. Forsta AP Fonden’s holdings in Deutsche Bank Aktiengesellschaft were worth $16,503,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently made changes to their positions in the stock. Legacy Capital Group California Inc. raised its position in shares of Deutsche Bank Aktiengesellschaft by 2.2% during the 3rd quarter. Legacy Capital Group California Inc. now owns 12,368 shares of the bank’s stock valued at $438,000 after buying an additional 264 shares in the last quarter. Evergreen Capital Management LLC raised its position in shares of Deutsche Bank Aktiengesellschaft by 1.9% during the 2nd quarter. Evergreen Capital Management LLC now owns 15,436 shares of the bank’s stock valued at $452,000 after buying an additional 282 shares in the last quarter. Cresset Asset Management LLC raised its position in shares of Deutsche Bank Aktiengesellschaft by 2.4% during the 3rd quarter. Cresset Asset Management LLC now owns 11,955 shares of the bank’s stock valued at $423,000 after buying an additional 285 shares in the last quarter. Wedbush Securities Inc. raised its position in Deutsche Bank Aktiengesellschaft by 4.2% during 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 in the last quarter. Finally, Wealth Enhancement Advisory Services LLC lifted its stake in Deutsche Bank Aktiengesellschaft by 0.8% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 41,905 shares of the bank’s stock worth $1,457,000 after purchasing an additional 346 shares during the last quarter. Hedge funds and other institutional investors own 27.90% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the company. Oddo Bhf raised Deutsche Bank Aktiengesellschaft to an “outperform” rating in a research note on Friday, May 8th. Citigroup raised Deutsche Bank Aktiengesellschaft from a “sell” rating to a “hold” rating in a research note on Thursday, April 9th. Weiss Ratings lowered Deutsche Bank Aktiengesellschaft from a “buy (b)” rating to a “buy (b-)” rating in a research note on Wednesday, May 6th. Barclays lowered Deutsche Bank Aktiengesellschaft from an “overweight” rating to an “equal weight” rating in a research note on Monday, April 20th. Finally, Wall Street Zen raised Deutsche Bank Aktiengesellschaft from a “hold” rating to a “buy” rating in a research note on Saturday, May 16th. Five research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. According to MarketBeat.com, Deutsche Bank Aktiengesellschaft currently has a consensus rating of “Hold”.

Deutsche Bank Aktiengesellschaft Stock Down 2.4%

DB opened at $32.33 on Friday. The company has a market cap of $62.71 billion, a P/E ratio of 8.90, a P/E/G ratio of 0.43 and a beta of 0.94. The business’s 50-day moving average price is $31.43 and its 200-day moving average price is $34.80. The company has a current ratio of 0.74, a quick ratio of 0.74 and a debt-to-equity ratio of 1.40. Deutsche Bank Aktiengesellschaft has a 12 month low of $27.13 and a 12 month high of $40.43.

Deutsche Bank Aktiengesellschaft (NYSE:DB) last released its quarterly earnings data on Wednesday, April 29th. The bank reported $1.24 EPS for the quarter, topping the consensus estimate of $1.15 by $0.09. The firm had revenue of $10.04 billion for 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, equities analysts expect that Deutsche Bank Aktiengesellschaft will post 4.02 EPS for the current 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.