Vestmark Advisory Solutions Inc. Sells 38,677 Shares of Deutsche Bank Aktiengesellschaft $DB

Vestmark Advisory Solutions Inc. lessened its position in shares of Deutsche Bank Aktiengesellschaft (NYSE:DB) by 43.7% during the second quarter, Holdings Channel reports. The institutional investor owned 49,795 shares of the bank’s stock after selling 38,677 shares during the quarter. Vestmark Advisory Solutions Inc.’s holdings in Deutsche Bank Aktiengesellschaft were worth $1,458,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently added to or reduced their stakes in the company. Opal Wealth Advisors LLC purchased a new stake in Deutsche Bank Aktiengesellschaft during the second quarter valued at about $25,000. Zions Bancorporation National Association UT purchased a new position in shares of Deutsche Bank Aktiengesellschaft in the first quarter worth about $39,000. Farther Finance Advisors LLC raised its position in shares of Deutsche Bank Aktiengesellschaft by 46.5% in the second quarter. Farther Finance Advisors LLC now owns 2,387 shares of the bank’s stock valued at $70,000 after purchasing an additional 758 shares during the period. Founders Capital Management purchased a new stake in shares of Deutsche Bank Aktiengesellschaft during the 2nd quarter valued at approximately $73,000. Finally, AdvisorNet Financial Inc bought a new position in Deutsche Bank Aktiengesellschaft in the 2nd quarter worth approximately $90,000. Hedge funds and other institutional investors own 27.90% of the company’s stock.

Deutsche Bank Aktiengesellschaft Price Performance

Shares of NYSE DB opened at $36.48 on Monday. The stock’s 50-day simple moving average is $35.39 and its two-hundred day simple moving average is $32.08. Deutsche Bank Aktiengesellschaft has a twelve month low of $16.02 and a twelve month high of $37.86. The firm has a market capitalization of $72.66 billion, a P/E ratio of 13.46, a P/E/G ratio of 1.12 and a beta of 1.02. The company has a quick ratio of 0.79, a current ratio of 0.79 and a debt-to-equity ratio of 1.39.

Deutsche Bank Aktiengesellschaft (NYSE:DB) last issued its quarterly earnings results on Wednesday, October 29th. The bank reported $0.97 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.81 by $0.16. Deutsche Bank Aktiengesellschaft had a return on equity of 6.13% and a net margin of 7.99%.The firm had revenue of $9.44 billion during the quarter, compared to the consensus estimate of $7.75 billion. As a group, equities analysts anticipate that Deutsche Bank Aktiengesellschaft will post 2.93 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

DB has been the topic of a number of analyst reports. Citigroup reissued a “sell” rating on shares of Deutsche Bank Aktiengesellschaft in a report on Friday, July 25th. Zacks Research lowered Deutsche Bank Aktiengesellschaft from a “strong-buy” rating to a “hold” rating in a research note on Friday, August 22nd. Kepler Capital Markets downgraded Deutsche Bank Aktiengesellschaft from a “strong-buy” rating to a “hold” rating in a research note on Monday, July 28th. The Goldman Sachs Group lowered Deutsche Bank Aktiengesellschaft from a “buy” rating to a “neutral” rating in a report on Tuesday, August 26th. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of Deutsche Bank Aktiengesellschaft in a report on Wednesday, October 8th. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, five have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, Deutsche Bank Aktiengesellschaft has a consensus rating of “Hold”.

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.