Prudential PLC Buys 104,370 Shares of Deutsche Bank Aktiengesellschaft $DB

Prudential PLC lifted its stake in Deutsche Bank Aktiengesellschaft (NYSE:DB) by 43.7% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 343,238 shares of the bank’s stock after acquiring an additional 104,370 shares during the period. Prudential PLC’s holdings in Deutsche Bank Aktiengesellschaft were worth $10,178,000 at the end of the most recent reporting period.

Several other institutional investors and 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 second quarter worth approximately $25,000. Zions Bancorporation National Association UT acquired a new stake in shares of Deutsche Bank Aktiengesellschaft in the first quarter worth $39,000. Allworth Financial LP boosted its holdings in shares of Deutsche Bank Aktiengesellschaft by 54.0% during the 2nd quarter. Allworth Financial LP now owns 2,143 shares of the bank’s stock worth $63,000 after buying an additional 751 shares during the period. Farther Finance Advisors LLC grew its stake in Deutsche Bank Aktiengesellschaft by 46.5% in the 2nd quarter. Farther Finance Advisors LLC now owns 2,387 shares of the bank’s stock valued at $70,000 after buying an additional 758 shares during the last quarter. Finally, Founders Capital Management bought a new position in Deutsche Bank Aktiengesellschaft in the 2nd quarter worth $73,000. 27.90% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on DB. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Deutsche Bank Aktiengesellschaft in a research report on Wednesday, October 8th. Morgan Stanley reaffirmed an “overweight” rating on shares of Deutsche Bank Aktiengesellschaft in a report on Tuesday, September 2nd. Kepler Capital Markets downgraded Deutsche Bank Aktiengesellschaft from a “strong-buy” rating to a “hold” rating in a research report on Monday, July 28th. Wall Street Zen raised Deutsche Bank Aktiengesellschaft from a “hold” rating to a “buy” rating in a research report on Saturday, November 1st. Finally, Barclays upgraded shares of Deutsche Bank Aktiengesellschaft to a “strong-buy” rating in a research note on Friday, October 10th. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold”.

Deutsche Bank Aktiengesellschaft Trading Down 3.1%

Shares of Deutsche Bank Aktiengesellschaft stock opened at $33.54 on Friday. The company’s fifty day moving average price is $35.53 and its two-hundred day moving average price is $32.63. The firm has a market capitalization of $66.82 billion, a PE ratio of 12.38, a price-to-earnings-growth ratio of 1.12 and a beta of 1.02. Deutsche Bank Aktiengesellschaft has a 52-week low of $16.02 and a 52-week high of $38.78. The company has a debt-to-equity ratio of 1.39, a current ratio of 0.79 and a quick ratio of 0.79.

Deutsche Bank Aktiengesellschaft (NYSE:DB) last issued its earnings results on Wednesday, October 29th. The bank reported $0.97 earnings per share (EPS) for the quarter, topping 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 business had revenue of $9.44 billion during the quarter, compared to analysts’ expectations of $7.75 billion. On average, analysts expect that Deutsche Bank Aktiengesellschaft will post 2.93 EPS for the current 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.