6,900 Shares in Deutsche Bank Aktiengesellschaft $DB Acquired by Capital Investment Counsel Inc

Capital Investment Counsel Inc purchased a new stake in shares of Deutsche Bank Aktiengesellschaft (NYSE:DB) during the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 6,900 shares of the bank’s stock, valued at approximately $202,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Envestnet Asset Management Inc. increased its position in shares of Deutsche Bank Aktiengesellschaft by 172.1% in the 1st quarter. Envestnet Asset Management Inc. now owns 709,211 shares of the bank’s stock valued at $16,900,000 after acquiring an additional 448,567 shares during the period. M&T Bank Corp increased its holdings in shares of Deutsche Bank Aktiengesellschaft by 15.3% in the first quarter. M&T Bank Corp now owns 16,438 shares of the bank’s stock valued at $392,000 after purchasing an additional 2,178 shares during the period. Cerity Partners LLC raised its stake in shares of Deutsche Bank Aktiengesellschaft by 25.7% in the first quarter. Cerity Partners LLC now owns 134,734 shares of the bank’s stock worth $3,211,000 after purchasing an additional 27,514 shares during the last quarter. Signaturefd LLC lifted its holdings in shares of Deutsche Bank Aktiengesellschaft by 4.2% during the first quarter. Signaturefd LLC now owns 38,318 shares of the bank’s stock worth $913,000 after purchasing an additional 1,537 shares during the period. Finally, Apollon Wealth Management LLC purchased a new stake in Deutsche Bank Aktiengesellschaft in the first quarter valued at approximately $213,000. 27.90% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts have commented on DB shares. Wall Street Zen upgraded shares of Deutsche Bank Aktiengesellschaft from a “hold” rating to a “buy” rating in a research note on Saturday, November 1st. Zacks Research downgraded shares of Deutsche Bank Aktiengesellschaft from a “strong-buy” rating to a “hold” rating in a research report on Friday, August 22nd. The Goldman Sachs Group downgraded Deutsche Bank Aktiengesellschaft from a “buy” rating to a “neutral” rating in a research report on Tuesday, August 26th. Citigroup reiterated a “sell” rating on shares of Deutsche Bank Aktiengesellschaft in a research note on Friday, July 25th. Finally, Kepler Capital Markets lowered Deutsche Bank Aktiengesellschaft from a “strong-buy” rating to a “hold” rating in a report on Monday, July 28th. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, five have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold”.

Deutsche Bank Aktiengesellschaft Trading Down 1.9%

DB stock opened at $37.90 on Friday. Deutsche Bank Aktiengesellschaft has a 52-week low of $16.02 and a 52-week high of $38.78. The company has a quick ratio of 0.79, a current ratio of 0.79 and a debt-to-equity ratio of 1.39. The firm has a market cap of $75.49 billion, a P/E ratio of 13.98, a PEG ratio of 1.12 and a beta of 1.02. The company’s 50-day simple moving average is $35.63 and its 200-day simple moving average is $32.34.

Deutsche Bank Aktiengesellschaft (NYSE:DB) last released its quarterly earnings results on Wednesday, October 29th. The bank reported $0.97 earnings per share 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 company had revenue of $9.44 billion during the quarter, compared to analysts’ expectations of $7.75 billion. As a group, equities analysts forecast 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.