FSM Wealth Advisors LLC Cuts Stake in Deutsche Bank Aktiengesellschaft $DB

FSM Wealth Advisors LLC lessened its holdings in Deutsche Bank Aktiengesellschaft (NYSE:DB) by 8.7% in the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 7,739 shares of the bank’s stock after selling 737 shares during the quarter. FSM Wealth Advisors LLC’s holdings in Deutsche Bank Aktiengesellschaft were worth $224,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of DB. Opal Wealth Advisors LLC acquired a new stake in shares of Deutsche Bank Aktiengesellschaft in the second quarter valued at $25,000. Zions Bancorporation National Association UT acquired a new position in Deutsche Bank Aktiengesellschaft during the 1st quarter worth $39,000. Farther Finance Advisors LLC increased its holdings in Deutsche Bank Aktiengesellschaft by 46.5% during the 2nd quarter. Farther Finance Advisors LLC now owns 2,387 shares of the bank’s stock worth $70,000 after purchasing an additional 758 shares during the period. Founders Capital Management acquired a new stake in Deutsche Bank Aktiengesellschaft in the 2nd quarter valued at about $73,000. Finally, AdvisorNet Financial Inc purchased a new position in shares of Deutsche Bank Aktiengesellschaft in the 2nd quarter valued at about $90,000. Institutional investors and hedge funds own 27.90% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the stock. Weiss Ratings restated a “buy (b)” rating on shares of Deutsche Bank Aktiengesellschaft in a research note on Wednesday, October 8th. Jefferies Financial Group started coverage on shares of Deutsche Bank Aktiengesellschaft in a report on Monday. They set a “hold” rating for the company. Royal Bank Of Canada restated an “outperform” rating on shares of Deutsche Bank Aktiengesellschaft in a report on Monday, July 28th. The Goldman Sachs Group cut shares of Deutsche Bank Aktiengesellschaft from a “buy” rating to a “neutral” rating in a research report on Tuesday, August 26th. Finally, Barclays raised Deutsche Bank Aktiengesellschaft to a “strong-buy” rating in a report on Friday, October 10th. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold”.

Deutsche Bank Aktiengesellschaft Price Performance

Shares of NYSE:DB opened at $33.40 on Friday. Deutsche Bank Aktiengesellschaft has a 12 month low of $16.02 and a 12 month high of $37.86. The firm has a market capitalization of $66.52 billion, a P/E ratio of 12.70, a P/E/G ratio of 1.04 and a beta of 0.98. 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 company’s fifty day moving average price is $35.56 and its 200 day moving average price is $30.91.

Deutsche Bank Aktiengesellschaft (NYSE:DB) last released its quarterly earnings data 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). Deutsche Bank Aktiengesellschaft had a net margin of 7.67% and a return on equity of 6.01%. The company had revenue of $9.21 billion during the quarter, compared to analyst estimates of $7.80 billion. As a group, sell-side analysts predict that Deutsche Bank Aktiengesellschaft will post 2.93 earnings per share for the current fiscal year.

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.