7,542 Shares in Deutsche Bank Aktiengesellschaft $DB Bought by PDS Planning Inc

PDS Planning Inc acquired a new position in shares of Deutsche Bank Aktiengesellschaft (NYSE:DB) in the second quarter, Holdings Channel reports. The firm acquired 7,542 shares of the bank’s stock, valued at approximately $221,000.

A number of other hedge funds have also recently made changes to their positions in DB. Opal Wealth Advisors LLC purchased a new stake in shares of Deutsche Bank Aktiengesellschaft during the second quarter valued at about $25,000. Farther Finance Advisors LLC lifted its position in shares of Deutsche Bank Aktiengesellschaft by 96.5% during the first quarter. Farther Finance Advisors LLC now owns 1,629 shares of the bank’s stock valued at $39,000 after buying an additional 800 shares during the last quarter. Zions Bancorporation National Association UT purchased a new stake in Deutsche Bank Aktiengesellschaft during the first quarter valued at approximately $39,000. Founders Capital Management purchased a new stake in Deutsche Bank Aktiengesellschaft during the second quarter valued at approximately $73,000. Finally, AdvisorNet Financial Inc purchased a new stake in Deutsche Bank Aktiengesellschaft during the second quarter valued at approximately $90,000. 27.90% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts have recently commented on the company. Royal Bank Of Canada reiterated an “outperform” rating on shares of Deutsche Bank Aktiengesellschaft in a report on Monday, July 28th. The Goldman Sachs Group cut Deutsche Bank Aktiengesellschaft from a “buy” rating to a “neutral” rating in a research note on Tuesday, August 26th. Citigroup reiterated a “sell” rating on shares of Deutsche Bank Aktiengesellschaft in a research note on Friday, July 25th. Morgan Stanley reaffirmed an “overweight” rating on shares of Deutsche Bank Aktiengesellschaft in a research report on Tuesday, September 2nd. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Deutsche Bank Aktiengesellschaft in a research report on Wednesday, October 8th. Five analysts have rated the stock with a Buy rating, four have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, Deutsche Bank Aktiengesellschaft currently has an average rating of “Hold”.

Deutsche Bank Aktiengesellschaft Stock Up 2.1%

DB opened at $35.29 on Tuesday. Deutsche Bank Aktiengesellschaft has a fifty-two week low of $16.02 and a fifty-two week high of $37.86. 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 company has a fifty day moving average of $35.83 and a two-hundred day moving average of $30.38. The stock has a market capitalization of $70.31 billion, a price-to-earnings ratio of 13.42, a PEG ratio of 0.42 and a beta of 0.98.

Deutsche Bank Aktiengesellschaft (NYSE:DB) last announced its quarterly earnings results 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). Deutsche Bank Aktiengesellschaft had a net margin of 7.67% and a return on equity of 6.01%. The business had revenue of $9.21 billion during the quarter, compared to analysts’ expectations of $7.80 billion. On average, research analysts expect that Deutsche Bank Aktiengesellschaft will post 2.93 earnings per share for the current 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.