LVW Advisors LLC Reduces Position in Deutsche Bank Aktiengesellschaft $DB

LVW Advisors LLC cut its holdings in shares of Deutsche Bank Aktiengesellschaft (NYSE:DB) by 5.9% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 21,421 shares of the bank’s stock after selling 1,348 shares during the quarter. LVW Advisors LLC’s holdings in Deutsche Bank Aktiengesellschaft were worth $627,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in DB. Wealth Enhancement Advisory Services LLC lifted its holdings in shares of Deutsche Bank Aktiengesellschaft by 68.8% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 23,763 shares of the bank’s stock worth $567,000 after buying an additional 9,684 shares in the last quarter. Jefferies Financial Group Inc. purchased a new stake in shares of Deutsche Bank Aktiengesellschaft in the first quarter worth about $2,308,000. LPL Financial LLC lifted its holdings in shares of Deutsche Bank Aktiengesellschaft by 139.4% in the first quarter. LPL Financial LLC now owns 70,463 shares of the bank’s stock worth $1,679,000 after buying an additional 41,028 shares in the last quarter. Northern Trust Corp lifted its holdings in shares of Deutsche Bank Aktiengesellschaft by 4.7% in the first quarter. Northern Trust Corp now owns 1,504,175 shares of the bank’s stock worth $35,844,000 after buying an additional 66,892 shares in the last quarter. Finally, Sequoia Financial Advisors LLC lifted its holdings in shares of Deutsche Bank Aktiengesellschaft by 6.3% in the first quarter. Sequoia Financial Advisors LLC now owns 15,089 shares of the bank’s stock worth $360,000 after buying an additional 900 shares in the last quarter. 27.90% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on DB shares. 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. Citigroup reaffirmed a “sell” rating on shares of Deutsche Bank Aktiengesellschaft in a research note on Friday, July 25th. Wall Street Zen downgraded shares of Deutsche Bank Aktiengesellschaft from a “buy” rating to a “hold” rating in a research note on Saturday, July 26th. Morgan Stanley reissued an “overweight” rating on shares of Deutsche Bank Aktiengesellschaft in a research note on Tuesday, September 2nd. Finally, Kepler Capital Markets downgraded shares of Deutsche Bank Aktiengesellschaft from a “strong-buy” rating to a “hold” rating in a research note on Monday, July 28th. Four research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold”.

Deutsche Bank Aktiengesellschaft Price Performance

Shares of NYSE:DB opened at $35.69 on Friday. Deutsche Bank Aktiengesellschaft has a fifty-two week low of $16.02 and a fifty-two week high of $37.86. The firm has a market cap of $71.10 billion, a price-to-earnings ratio of 13.57, a price-to-earnings-growth ratio of 0.44 and a beta of 1.03. The company has a debt-to-equity ratio of 1.39, a quick ratio of 0.79 and a current ratio of 0.79. The business has a 50-day simple moving average of $35.23 and a two-hundred day simple moving average of $29.51.

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

Deutsche Bank Aktiengesellschaft Company 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.