Newbridge Financial Services Group Inc. Makes New Investment in Deutsche Bank Aktiengesellschaft $DB

Newbridge Financial Services Group Inc. bought a new position in Deutsche Bank Aktiengesellschaft (NYSE:DB) in the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 17,254 shares of the bank’s stock, valued at approximately $505,000.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in DB. Evergreen Capital Management LLC grew its position in Deutsche Bank Aktiengesellschaft by 1.9% in the 2nd quarter. Evergreen Capital Management LLC now owns 15,436 shares of the bank’s stock worth $452,000 after purchasing an additional 282 shares in the last quarter. Contravisory Investment Management Inc. boosted its stake in shares of Deutsche Bank Aktiengesellschaft by 2.9% in the 2nd quarter. Contravisory Investment Management Inc. now owns 12,223 shares of the bank’s stock worth $358,000 after buying an additional 346 shares during the last quarter. CW Advisors LLC grew its holdings in shares of Deutsche Bank Aktiengesellschaft by 1.7% in the second quarter. CW Advisors LLC now owns 23,000 shares of the bank’s stock valued at $673,000 after acquiring an additional 379 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 valued at $294,000 after acquiring an additional 450 shares during the last quarter. Finally, Dorsey & Whitney Trust CO LLC lifted its holdings in Deutsche Bank Aktiengesellschaft by 2.2% during the first quarter. Dorsey & Whitney Trust CO LLC now owns 21,914 shares of the bank’s stock worth $522,000 after acquiring an additional 477 shares during the period. 27.90% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

DB has been the subject of a number of recent analyst reports. Morgan Stanley restated an “overweight” rating on shares of Deutsche Bank Aktiengesellschaft in a research note on Monday, November 24th. Barclays upgraded shares of Deutsche Bank Aktiengesellschaft to a “strong-buy” rating in a research report on Friday, October 10th. Weiss Ratings reiterated a “buy (b)” rating on shares of Deutsche Bank Aktiengesellschaft in a research note on Wednesday, October 8th. The Goldman Sachs Group downgraded shares of Deutsche Bank Aktiengesellschaft from a “buy” rating to a “neutral” rating in a research report on Tuesday, August 26th. Finally, Wall Street Zen downgraded Deutsche Bank Aktiengesellschaft from a “buy” rating to a “hold” rating in a research note on Saturday, November 22nd. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold”.

Deutsche Bank Aktiengesellschaft Price Performance

DB opened at $37.25 on Monday. The firm has a 50-day moving average price of $35.53 and a 200-day moving average price of $33.65. Deutsche Bank Aktiengesellschaft has a twelve month low of $16.60 and a twelve month high of $38.78. The company has a quick ratio of 0.78, a current ratio of 0.78 and a debt-to-equity ratio of 1.40. The company has a market capitalization of $74.20 billion, a price-to-earnings ratio of 13.75, a PEG ratio of 0.40 and a beta of 0.95.

Deutsche Bank Aktiengesellschaft (NYSE:DB) last released its quarterly earnings data on Wednesday, October 29th. The bank reported $0.97 EPS for the quarter, topping the consensus estimate of $0.81 by $0.16. Deutsche Bank Aktiengesellschaft had a net margin of 7.99% and a return on equity of 5.97%. The company had revenue of $9.44 billion during the quarter, compared to the consensus estimate of $7.75 billion. Equities analysts expect that Deutsche Bank Aktiengesellschaft will post 2.93 EPS 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.