Riverhead Capital Management LLC lifted its stake in shares of Deutsche Bank AG (NYSE:DB) by 19.1% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 16,800 shares of the bank’s stock after purchasing an additional 2,700 shares during the period. Riverhead Capital Management LLC’s holdings in Deutsche Bank were worth $130,000 as of its most recent SEC filing.
Several other institutional investors also recently modified their holdings of DB. Signaturefd LLC lifted its holdings in Deutsche Bank by 161.8% in the second quarter. Signaturefd LLC now owns 11,954 shares of the bank’s stock valued at $91,000 after acquiring an additional 7,388 shares during the last quarter. Laurel Wealth Advisors Inc. acquired a new position in Deutsche Bank in the first quarter valued at approximately $99,000. Greenleaf Trust acquired a new position in Deutsche Bank in the first quarter valued at approximately $105,000. Commonwealth Equity Services LLC lifted its holdings in Deutsche Bank by 17.1% in the second quarter. Commonwealth Equity Services LLC now owns 15,222 shares of the bank’s stock valued at $116,000 after acquiring an additional 2,222 shares during the last quarter. Finally, Corient Capital Partners LLC acquired a new position in Deutsche Bank in the second quarter valued at approximately $147,000. Institutional investors and hedge funds own 21.95% of the company’s stock.
NYSE:DB traded up $0.13 during trading hours on Friday, reaching $8.45. 6,903,892 shares of the stock were exchanged, compared to its average volume of 6,279,097. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 2.32. The business has a 50-day moving average of $7.46 and a two-hundred day moving average of $7.84. Deutsche Bank AG has a twelve month low of $6.44 and a twelve month high of $12.52. The company has a market capitalization of $17.46 billion, a price-to-earnings ratio of -845.00 and a beta of 1.53.
Deutsche Bank (NYSE:DB) last released its quarterly earnings results on Wednesday, July 24th. The bank reported ($1.86) EPS for the quarter, missing analysts’ consensus estimates of $0.17 by ($2.03). Deutsche Bank had a negative return on equity of 4.63% and a negative net margin of 8.73%. The firm had revenue of $6.97 billion for the quarter. On average, research analysts forecast that Deutsche Bank AG will post 0.16 EPS for the current fiscal year.
DB has been the topic of a number of recent analyst reports. Credit Suisse Group reiterated a “sell” rating and issued a $6.00 price objective on shares of Deutsche Bank in a report on Monday, July 1st. Bank of America reiterated a “sell” rating on shares of Deutsche Bank in a report on Monday, July 8th. Barclays reiterated a “sell” rating and issued a $5.00 price objective on shares of Deutsche Bank in a report on Wednesday, July 17th. Goldman Sachs Group reiterated a “hold” rating and issued a $7.80 price objective on shares of Deutsche Bank in a report on Tuesday, July 23rd. Finally, ValuEngine upgraded Deutsche Bank from a “hold” rating to a “buy” rating in a report on Thursday, August 1st. Nine equities research analysts have rated the stock with a sell rating, nine have given a hold rating and one has given a buy rating to the company. Deutsche Bank currently has an average rating of “Hold” and an average price target of $7.01.
About Deutsche Bank
Deutsche Bank Aktiengesellschaft provides investment, financial, and related products and services to private individuals, corporate entities, and institutional clients worldwide. It operates through three segments: Corporate & Investment Bank (CIB), Private & Commercial Bank (PCB), and Deutsche Asset Management.
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