Martin Investment Management LLC Purchases Shares of 525,950 Deutsche Bank Aktiengesellschaft $DB

Martin Investment Management LLC purchased a new position in shares of Deutsche Bank Aktiengesellschaft (NYSE:DB) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 525,950 shares of the bank’s stock, valued at approximately $20,281,000. Deutsche Bank Aktiengesellschaft accounts for about 5.3% of Martin Investment Management LLC’s investment portfolio, making the stock its 7th largest holding.

Other institutional investors and hedge funds have also made changes to their positions in the company. Triumph Capital Management purchased a new stake in shares of Deutsche Bank Aktiengesellschaft in the 3rd quarter valued at approximately $32,000. Cary Street Partners Investment Advisory LLC grew its holdings in shares of Deutsche Bank Aktiengesellschaft by 61.8% during the third quarter. Cary Street Partners Investment Advisory LLC now owns 1,081 shares of the bank’s stock worth $38,000 after purchasing an additional 413 shares during the last quarter. Geneos Wealth Management Inc. increased its position in shares of Deutsche Bank Aktiengesellschaft by 178.0% during the second quarter. Geneos Wealth Management Inc. now owns 1,376 shares of the bank’s stock worth $40,000 after purchasing an additional 881 shares in the last quarter. Westside Investment Management Inc. boosted its position in shares of Deutsche Bank Aktiengesellschaft by 100.0% in the 3rd quarter. Westside Investment Management Inc. now owns 1,186 shares of the bank’s stock valued at $42,000 after purchasing an additional 593 shares during the period. Finally, Advisory Services Network LLC purchased a new position in Deutsche Bank Aktiengesellschaft during the 3rd quarter worth approximately $59,000. 27.90% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the stock. Wall Street Zen raised shares of Deutsche Bank Aktiengesellschaft from a “hold” rating to a “buy” rating in a report on Saturday, May 16th. Weiss Ratings downgraded shares of Deutsche Bank Aktiengesellschaft from a “buy (b)” rating to a “buy (b-)” rating in a research report on Wednesday, May 6th. Barclays lowered shares of Deutsche Bank Aktiengesellschaft from an “overweight” rating to an “equal weight” rating in a research note on Monday, April 20th. Oddo Bhf upgraded shares of Deutsche Bank Aktiengesellschaft to an “outperform” rating in a research note on Friday, May 8th. Finally, Citigroup upgraded Deutsche Bank Aktiengesellschaft from a “sell” rating to a “hold” rating in a research report on Thursday, April 9th. Five research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold”.

Deutsche Bank Aktiengesellschaft Trading Down 0.4%

NYSE:DB opened at $32.19 on Tuesday. Deutsche Bank Aktiengesellschaft has a 1 year low of $27.13 and a 1 year high of $40.43. The company has a debt-to-equity ratio of 1.40, a quick ratio of 0.74 and a current ratio of 0.74. The stock has a fifty day moving average price of $31.48 and a two-hundred day moving average price of $34.74. The stock has a market capitalization of $62.44 billion, a price-to-earnings ratio of 8.87, a PEG ratio of 0.43 and a beta of 0.93.

Deutsche Bank Aktiengesellschaft (NYSE:DB) last posted its quarterly 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. Deutsche Bank Aktiengesellschaft had a net margin of 10.43% and a return on equity of 7.69%. The business had revenue of $10.04 billion for the quarter, compared to analysts’ expectations of $9.85 billion. As a group, sell-side analysts anticipate that Deutsche Bank Aktiengesellschaft will post 4.02 earnings per share for the current fiscal year.

About Deutsche Bank Aktiengesellschaft

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.