Sequoia Financial Advisors LLC Purchases 1,665 Shares of Deutsche Bank Aktiengesellschaft $DB

Sequoia Financial Advisors LLC lifted its position in Deutsche Bank Aktiengesellschaft (NYSE:DB) by 11.0% during the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 16,754 shares of the bank’s stock after purchasing an additional 1,665 shares during the period. Sequoia Financial Advisors LLC’s holdings in Deutsche Bank Aktiengesellschaft were worth $491,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Opal Wealth Advisors LLC bought a new stake in Deutsche Bank Aktiengesellschaft in the second quarter valued at $25,000. Farther Finance Advisors LLC boosted its holdings in Deutsche Bank Aktiengesellschaft by 96.5% in the first quarter. Farther Finance Advisors LLC now owns 1,629 shares of the bank’s stock valued at $39,000 after acquiring an additional 800 shares in the last quarter. Zions Bancorporation National Association UT bought a new stake in Deutsche Bank Aktiengesellschaft in the first quarter valued at $39,000. Founders Capital Management bought a new stake in Deutsche Bank Aktiengesellschaft in the second quarter valued at $73,000. Finally, AdvisorNet Financial Inc bought a new stake in Deutsche Bank Aktiengesellschaft in the second quarter valued at $90,000. Institutional investors own 27.90% of the company’s stock.

Deutsche Bank Aktiengesellschaft Price Performance

DB opened at $33.88 on Tuesday. The stock has a 50-day moving average price of $35.75 and a 200-day moving average price of $30.78. The company has a debt-to-equity ratio of 1.39, a current ratio of 0.79 and a quick ratio of 0.79. The firm has a market cap of $67.48 billion, a PE ratio of 12.88, a P/E/G ratio of 1.03 and a beta of 0.98. Deutsche Bank Aktiengesellschaft has a 1 year low of $16.02 and a 1 year high of $37.86.

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

Analyst Ratings Changes

Several analysts recently weighed in on DB shares. Wall Street Zen cut shares of Deutsche Bank Aktiengesellschaft from a “buy” rating to a “hold” rating in a report on Saturday, July 26th. Citigroup reiterated a “sell” rating on shares of Deutsche Bank Aktiengesellschaft in a report on Friday, July 25th. Morgan Stanley restated an “overweight” rating on shares of Deutsche Bank Aktiengesellschaft in a report on Tuesday, September 2nd. Barclays upgraded shares of Deutsche Bank Aktiengesellschaft to a “strong-buy” rating in a report on Friday, October 10th. Finally, Zacks Research cut shares of Deutsche Bank Aktiengesellschaft from a “strong-buy” rating to a “hold” rating in a report on Friday, August 22nd. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold”.

Deutsche Bank Aktiengesellschaft 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.