IFP Advisors Inc Purchases 2,668 Shares of Deutsche Bank Aktiengesellschaft $DB

IFP Advisors Inc boosted its position in Deutsche Bank Aktiengesellschaft (NYSE:DB) by 345.6% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,440 shares of the bank’s stock after purchasing an additional 2,668 shares during the quarter. IFP Advisors Inc’s holdings in Deutsche Bank Aktiengesellschaft were worth $101,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. boosted its stake in Deutsche Bank Aktiengesellschaft by 0.5% in the 1st quarter. Vanguard Group Inc. now owns 79,404,821 shares of the bank’s stock valued at $1,892,773,000 after purchasing an additional 370,319 shares during the period. Deutsche Bank AG boosted its stake in Deutsche Bank Aktiengesellschaft by 10.0% in the 1st quarter. Deutsche Bank AG now owns 47,662,928 shares of the bank’s stock valued at $1,135,808,000 after purchasing an additional 4,322,086 shares during the period. GQG Partners LLC bought a new stake in Deutsche Bank Aktiengesellschaft in the 1st quarter valued at $470,716,000. Entrust Global Partners L L C bought a new stake in Deutsche Bank Aktiengesellschaft in the 1st quarter valued at $365,750,000. Finally, Invesco Ltd. lifted its position in shares of Deutsche Bank Aktiengesellschaft by 0.3% during the 1st quarter. Invesco Ltd. now owns 4,165,414 shares of the bank’s stock valued at $99,262,000 after acquiring an additional 14,099 shares during the period. 27.90% of the stock is currently owned by institutional investors.

Deutsche Bank Aktiengesellschaft Price Performance

Deutsche Bank Aktiengesellschaft stock opened at $33.59 on Monday. Deutsche Bank Aktiengesellschaft has a 52 week low of $16.02 and a 52 week high of $37.86. The stock has a fifty day moving average of $35.80 and a 200-day moving average of $30.69. 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 stock has a market capitalization of $66.90 billion, a P/E ratio of 12.77, a price-to-earnings-growth ratio of 1.03 and a beta of 0.98.

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

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on DB. Wall Street Zen downgraded Deutsche Bank Aktiengesellschaft from a “buy” rating to a “hold” rating in a research report on Saturday, July 26th. Weiss Ratings reiterated a “buy (b)” rating on shares of Deutsche Bank Aktiengesellschaft in a research report on Wednesday, October 8th. Barclays upgraded Deutsche Bank Aktiengesellschaft to a “strong-buy” rating in a research report on Friday, October 10th. Citigroup reiterated a “sell” rating on shares of Deutsche Bank Aktiengesellschaft in a research report on Friday, July 25th. Finally, The Goldman Sachs Group downgraded Deutsche Bank Aktiengesellschaft from a “buy” rating to a “neutral” rating in a research report on Tuesday, August 26th. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, four have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Deutsche Bank Aktiengesellschaft has an average rating of “Moderate Buy”.

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.