Waterfront Wealth Inc. Grows Position in Deutsche Bank Aktiengesellschaft $DB

Waterfront Wealth Inc. lifted its position in Deutsche Bank Aktiengesellschaft (NYSE:DB) by 177.6% during the 1st quarter, Holdings Channel reports. The firm owned 24,601 shares of the bank’s stock after acquiring an additional 15,739 shares during the period. Waterfront Wealth Inc.’s holdings in Deutsche Bank Aktiengesellschaft were worth $733,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in DB. Munich Reinsurance Co Stock Corp in Munich purchased a new stake in Deutsche Bank Aktiengesellschaft during the 1st quarter valued at $39,411,000. Sageworth Trust Co bought a new position in shares of Deutsche Bank Aktiengesellschaft during the first quarter valued at about $689,000. HB Wealth Management LLC boosted its holdings in shares of Deutsche Bank Aktiengesellschaft by 16.2% during the first quarter. HB Wealth Management LLC now owns 11,448 shares of the bank’s stock worth $341,000 after purchasing an additional 1,596 shares during the period. Private Advisor Group LLC grew its stake in shares of Deutsche Bank Aktiengesellschaft by 16.8% in the first quarter. Private Advisor Group LLC now owns 10,332 shares of the bank’s stock worth $308,000 after purchasing an additional 1,489 shares during the last quarter. Finally, Keybank National Association OH increased its holdings in Deutsche Bank Aktiengesellschaft by 47.2% during the 1st quarter. Keybank National Association OH now owns 13,377 shares of the bank’s stock valued at $398,000 after purchasing an additional 4,287 shares during the period. 27.90% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts have weighed in on DB shares. Oddo Bhf upgraded Deutsche Bank Aktiengesellschaft to an “outperform” rating in a report on Friday, May 8th. Weiss Ratings lowered Deutsche Bank Aktiengesellschaft from a “buy (b)” rating to a “buy (b-)” rating in a research note on Wednesday, May 6th. Wall Street Zen lowered shares of Deutsche Bank Aktiengesellschaft from a “buy” rating to a “hold” rating in a report on Saturday, June 6th. Keefe, Bruyette & Woods raised shares of Deutsche Bank Aktiengesellschaft from a “moderate sell” rating to a “hold” rating in a research report on Thursday. Finally, Barclays cut shares of Deutsche Bank Aktiengesellschaft from an “overweight” rating to an “equal weight” rating in a research report on Monday, April 20th. Four research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $43.00.

Deutsche Bank Aktiengesellschaft Stock Up 1.1%

Deutsche Bank Aktiengesellschaft stock traded up $0.40 on Friday, hitting $35.80. 1,377,318 shares of the stock traded hands, compared to its average volume of 2,416,118. The company has a current ratio of 0.74, a quick ratio of 0.74 and a debt-to-equity ratio of 1.40. The firm has a market cap of $69.44 billion, a P/E ratio of 9.86, a price-to-earnings-growth ratio of 0.49 and a beta of 0.94. The business’s fifty day simple moving average is $33.22 and its 200 day simple moving average is $34.30. Deutsche Bank Aktiengesellschaft has a 1 year low of $28.12 and a 1 year high of $40.43.

Deutsche Bank Aktiengesellschaft (NYSE:DB) last released its earnings results on Wednesday, April 29th. The bank reported $1.24 earnings per share for the quarter, topping analysts’ consensus estimates of $1.15 by $0.09. The firm had revenue of $10.04 billion for the quarter, compared to the consensus estimate of $9.85 billion. Deutsche Bank Aktiengesellschaft had a net margin of 10.43% and a return on equity of 7.69%. As a group, sell-side analysts forecast that Deutsche Bank Aktiengesellschaft will post 3.91 earnings per share for the current year.

Deutsche Bank Aktiengesellschaft Profile

Deutsche Bank Aktiengesellschaft is a global banking and financial services company headquartered in Frankfurt, Germany. Founded in 1870 to support German foreign trade, the firm has grown into a full-service bank offering a wide range of banking, advisory and transaction services to corporate, institutional, and private clients. Over its history the bank has expanded internationally and developed capabilities across capital markets, investment banking, retail and commercial banking, and wealth management.

The bank’s core business activities include corporate and investment banking—covering financing, advisory, sales and trading, and capital markets services—along with private & commercial banking for individual and small-to-medium enterprise clients.