Bleakley Financial Group LLC Has $2.11 Million Position in Deutsche Bank Aktiengesellschaft $DB

Bleakley Financial Group LLC boosted its holdings in shares of Deutsche Bank Aktiengesellschaft (NYSE:DB) by 21.5% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 71,887 shares of the bank’s stock after buying an additional 12,707 shares during the period. Bleakley Financial Group LLC’s holdings in Deutsche Bank Aktiengesellschaft were worth $2,105,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in the stock. FNY Investment Advisers LLC grew its stake in shares of Deutsche Bank Aktiengesellschaft by 63.2% in the 2nd quarter. FNY Investment Advisers LLC now owns 16,315 shares of the bank’s stock valued at $477,000 after purchasing an additional 6,315 shares during the period. DekaBank Deutsche Girozentrale lifted its position in shares of Deutsche Bank Aktiengesellschaft by 14.0% during the 2nd quarter. DekaBank Deutsche Girozentrale now owns 18,047,605 shares of the bank’s stock worth $530,500,000 after buying an additional 2,219,444 shares during the period. Drive Wealth Management LLC lifted its position in shares of Deutsche Bank Aktiengesellschaft by 3.9% during the 2nd quarter. Drive Wealth Management LLC now owns 13,125 shares of the bank’s stock worth $384,000 after buying an additional 489 shares during the period. International Assets Investment Management LLC acquired a new stake in shares of Deutsche Bank Aktiengesellschaft in the 2nd quarter valued at $1,030,000. Finally, Allianz Asset Management GmbH boosted its stake in shares of Deutsche Bank Aktiengesellschaft by 109.7% in the 2nd quarter. Allianz Asset Management GmbH now owns 2,631,591 shares of the bank’s stock valued at $76,658,000 after purchasing an additional 1,376,552 shares in the last quarter. 27.90% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

DB has been the topic of several recent analyst reports. Zacks Research downgraded shares of Deutsche Bank Aktiengesellschaft from a “strong-buy” rating to a “hold” rating in a research note on Friday, August 22nd. Barclays upgraded shares of Deutsche Bank Aktiengesellschaft to a “strong-buy” rating in a research note on Friday, October 10th. Jefferies Financial Group initiated coverage on shares of Deutsche Bank Aktiengesellschaft in a research note on Monday. They issued a “hold” rating on the stock. The Goldman Sachs Group downgraded shares of Deutsche Bank Aktiengesellschaft from a “buy” rating to a “neutral” rating in a research note on Tuesday, August 26th. Finally, Kepler Capital Markets cut Deutsche Bank Aktiengesellschaft from a “strong-buy” rating to a “hold” rating in a report on Monday, July 28th. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold”.

Deutsche Bank Aktiengesellschaft Stock Performance

Deutsche Bank Aktiengesellschaft stock opened at $33.64 on Friday. The stock has a market capitalization of $67.02 billion, a price-to-earnings ratio of 12.79, a P/E/G ratio of 1.04 and a beta of 0.98. Deutsche Bank Aktiengesellschaft has a 12-month low of $16.02 and a 12-month high of $37.86. 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 stock has a 50-day simple moving average of $35.50 and a 200 day simple moving average of $31.00.

Deutsche Bank Aktiengesellschaft (NYSE:DB) last announced its quarterly earnings data on Thursday, July 24th. The bank reported $0.54 earnings per share for the quarter, missing the consensus estimate of $0.78 by ($0.24). The firm had revenue of $9.21 billion for the quarter, compared to the consensus estimate of $7.80 billion. Deutsche Bank Aktiengesellschaft had a return on equity of 6.01% and a net margin of 7.67%. On average, research analysts anticipate that Deutsche Bank Aktiengesellschaft will post 2.93 earnings per share 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.