7,895 Shares in Deutsche Bank Aktiengesellschaft $DB Bought by Wedbush Securities Inc.

Wedbush Securities Inc. purchased a new position in Deutsche Bank Aktiengesellschaft (NYSE:DB) in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 7,895 shares of the bank’s stock, valued at approximately $231,000.

A number of other large investors have also recently added to or reduced their stakes in DB. Contravisory Investment Management Inc. boosted its holdings in shares of Deutsche Bank Aktiengesellschaft by 2.9% during the second quarter. Contravisory Investment Management Inc. now owns 12,223 shares of the bank’s stock valued at $358,000 after acquiring an additional 346 shares during the period. Envestnet Portfolio Solutions Inc. lifted its stake in Deutsche Bank Aktiengesellschaft by 4.7% during the second quarter. Envestnet Portfolio Solutions Inc. now owns 10,033 shares of the bank’s stock valued at $294,000 after buying an additional 450 shares in the last quarter. Dorsey & Whitney Trust CO LLC raised its stake in Deutsche Bank Aktiengesellschaft by 2.2% during the 1st quarter. Dorsey & Whitney Trust CO LLC now owns 21,914 shares of the bank’s stock valued at $522,000 after purchasing an additional 477 shares during the period. Drive Wealth Management LLC lifted its holdings in shares of Deutsche Bank Aktiengesellschaft by 3.9% in the second quarter. Drive Wealth Management LLC now owns 13,125 shares of the bank’s stock valued at $384,000 after purchasing an additional 489 shares in the last quarter. Finally, Venturi Wealth Management LLC boosted its position in Deutsche Bank Aktiengesellschaft by 1.2% during the 2nd quarter. Venturi Wealth Management LLC now owns 42,469 shares of the bank’s stock worth $1,244,000 after acquiring an additional 509 shares during the period. 27.90% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several brokerages have recently issued reports on DB. Jefferies Financial Group assumed coverage on Deutsche Bank Aktiengesellschaft in a report on Monday, October 20th. They set a “hold” rating for the company. Morgan Stanley reaffirmed an “overweight” rating on shares of Deutsche Bank Aktiengesellschaft in a research report on Tuesday, September 2nd. Kepler Capital Markets downgraded Deutsche Bank Aktiengesellschaft from a “strong-buy” rating to a “hold” rating in a research note on Monday, July 28th. Wall Street Zen upgraded Deutsche Bank Aktiengesellschaft from a “hold” rating to a “buy” rating in a report on Saturday, November 1st. Finally, The Goldman Sachs Group cut shares of Deutsche Bank Aktiengesellschaft from a “buy” rating to a “neutral” rating in a research note on Tuesday, August 26th. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, Deutsche Bank Aktiengesellschaft currently has an average rating of “Hold”.

Deutsche Bank Aktiengesellschaft Trading Down 1.9%

DB opened at $37.90 on Friday. The company has a debt-to-equity ratio of 1.39, a current ratio of 0.79 and a quick ratio of 0.79. The company has a market cap of $75.49 billion, a price-to-earnings ratio of 13.98, a price-to-earnings-growth ratio of 1.12 and a beta of 1.02. The firm has a 50 day simple moving average of $35.63 and a 200 day simple moving average of $32.34. Deutsche Bank Aktiengesellschaft has a fifty-two week low of $16.02 and a fifty-two week high of $38.78.

Deutsche Bank Aktiengesellschaft (NYSE:DB) last posted its earnings results on Wednesday, October 29th. The bank reported $0.97 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.81 by $0.16. Deutsche Bank Aktiengesellschaft had a return on equity of 6.13% and a net margin of 7.99%.The firm had revenue of $9.44 billion during the quarter, compared to analysts’ expectations of $7.75 billion. On average, sell-side analysts anticipate that Deutsche Bank Aktiengesellschaft will post 2.93 earnings per share for the current year.

Deutsche Bank Aktiengesellschaft Profile

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.