TD Waterhouse Canada Inc. Boosts Stock Position in Deutsche Bank Aktiengesellschaft $DB

TD Waterhouse Canada Inc. raised its holdings in shares of Deutsche Bank Aktiengesellschaft (NYSE:DB) by 4,606.0% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 91,909 shares of the bank’s stock after purchasing an additional 89,956 shares during the quarter. TD Waterhouse Canada Inc.’s holdings in Deutsche Bank Aktiengesellschaft were worth $2,637,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in the stock. Contravisory Investment Management Inc. lifted its holdings in Deutsche Bank Aktiengesellschaft by 2.9% during the 2nd quarter. Contravisory Investment Management Inc. now owns 12,223 shares of the bank’s stock valued at $358,000 after buying an additional 346 shares in the last quarter. Envestnet Portfolio Solutions Inc. increased its position in shares of Deutsche Bank Aktiengesellschaft by 4.7% during the second quarter. Envestnet Portfolio Solutions Inc. now owns 10,033 shares of the bank’s stock worth $294,000 after acquiring an additional 450 shares during the period. Dorsey & Whitney Trust CO LLC boosted its holdings in shares of Deutsche Bank Aktiengesellschaft by 2.2% in the first quarter. Dorsey & Whitney Trust CO LLC now owns 21,914 shares of the bank’s stock valued at $522,000 after purchasing an additional 477 shares during the period. Drive Wealth Management LLC grew its stake in Deutsche Bank Aktiengesellschaft by 3.9% in the second quarter. Drive Wealth Management LLC now owns 13,125 shares of the bank’s stock worth $384,000 after purchasing an additional 489 shares in the last quarter. Finally, Venturi Wealth Management LLC increased its holdings in Deutsche Bank Aktiengesellschaft by 1.2% during the 2nd quarter. Venturi Wealth Management LLC now owns 42,469 shares of the bank’s stock worth $1,244,000 after purchasing an additional 509 shares during the period. 27.90% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

DB has been the subject of several recent research reports. Wall Street Zen lowered shares of Deutsche Bank Aktiengesellschaft from a “buy” rating to a “hold” rating in a report on Saturday. Weiss Ratings reissued a “buy (b)” rating on shares of Deutsche Bank Aktiengesellschaft in a report on Wednesday, October 8th. Royal Bank Of Canada restated an “outperform” rating on shares of Deutsche Bank Aktiengesellschaft in a report on Monday, July 28th. Jefferies Financial Group initiated coverage on Deutsche Bank Aktiengesellschaft in a report on Monday, October 20th. They issued a “hold” rating on the stock. Finally, Zacks Research cut Deutsche Bank Aktiengesellschaft from a “strong-buy” rating to a “hold” rating in a research note on Friday, August 22nd. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Deutsche Bank Aktiengesellschaft has a consensus rating of “Hold”.

Deutsche Bank Aktiengesellschaft Stock Up 1.9%

Shares of DB stock opened at $34.19 on Friday. Deutsche Bank Aktiengesellschaft has a fifty-two week low of $16.02 and a fifty-two week high of $38.78. The firm has a market capitalization of $68.11 billion, a PE ratio of 12.62, a P/E/G ratio of 1.12 and a beta of 1.02. 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’s 50-day simple moving average is $35.47 and its 200-day simple moving average is $32.68.

Deutsche Bank Aktiengesellschaft (NYSE:DB) last announced its quarterly earnings results on Wednesday, October 29th. The bank reported $0.97 earnings per share for the quarter, topping the consensus estimate of $0.81 by $0.16. The company had revenue of $9.44 billion for the quarter, compared to the consensus estimate of $7.75 billion. Deutsche Bank Aktiengesellschaft had a return on equity of 6.13% and a net margin of 7.99%. Equities analysts expect that Deutsche Bank Aktiengesellschaft will post 2.93 earnings per share for the current year.

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.