Blue Trust Inc. Sells 859 Shares of Deutsche Bank Aktiengesellschaft $DB

Blue Trust Inc. decreased its holdings in shares of Deutsche Bank Aktiengesellschaft (NYSE:DB) by 8.6% in the 2nd quarter, Holdings Channel.com reports. The firm owned 9,133 shares of the bank’s stock after selling 859 shares during the quarter. Blue Trust Inc.’s holdings in Deutsche Bank Aktiengesellschaft were worth $267,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in DB. Opal Wealth Advisors LLC bought a new stake in Deutsche Bank Aktiengesellschaft during the 2nd quarter valued at approximately $25,000. Farther Finance Advisors LLC boosted its stake in Deutsche Bank Aktiengesellschaft by 96.5% during the 1st quarter. Farther Finance Advisors LLC now owns 1,629 shares of the bank’s stock valued at $39,000 after purchasing an additional 800 shares during the period. Zions Bancorporation National Association UT bought a new stake in Deutsche Bank Aktiengesellschaft during the 1st quarter valued at approximately $39,000. Founders Capital Management acquired a new position in Deutsche Bank Aktiengesellschaft in the 2nd quarter valued at approximately $73,000. Finally, AdvisorNet Financial Inc acquired a new position in Deutsche Bank Aktiengesellschaft in the 2nd quarter valued at approximately $90,000. Institutional investors own 27.90% of the company’s stock.

Wall Street Analysts Forecast Growth

DB has been the subject of several recent research reports. Barclays raised Deutsche Bank Aktiengesellschaft to a “strong-buy” rating in a report on Friday, October 10th. Kepler Capital Markets cut Deutsche Bank Aktiengesellschaft from a “strong-buy” rating to a “hold” rating in a report on Monday, July 28th. Morgan Stanley reaffirmed an “overweight” rating on shares of Deutsche Bank Aktiengesellschaft in a report on Tuesday, September 2nd. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Deutsche Bank Aktiengesellschaft in a report on Wednesday, October 8th. Finally, Royal Bank Of Canada reaffirmed an “outperform” rating on shares of Deutsche Bank Aktiengesellschaft in a report on Monday, July 28th. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy”.

Deutsche Bank Aktiengesellschaft Trading Down 0.1%

Shares of DB opened at $35.26 on Wednesday. Deutsche Bank Aktiengesellschaft has a 1 year low of $16.02 and a 1 year high of $37.86. 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 50 day simple moving average of $35.86 and a 200-day simple moving average of $30.41. The stock has a market cap of $70.24 billion, a PE ratio of 13.41, a PEG ratio of 0.43 and a beta of 0.98.

Deutsche Bank Aktiengesellschaft (NYSE:DB) last issued its 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). Deutsche Bank Aktiengesellschaft had a return on equity of 6.01% and a net margin of 7.67%.The company had revenue of $9.21 billion during the quarter, compared to analyst estimates of $7.80 billion. On average, sell-side analysts predict 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.