Sanctuary Advisors LLC Sells 19,355 Shares of Deutsche Bank Aktiengesellschaft $DB

Sanctuary Advisors LLC lessened its holdings in Deutsche Bank Aktiengesellschaft (NYSE:DB) by 33.5% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 38,370 shares of the bank’s stock after selling 19,355 shares during the quarter. Sanctuary Advisors LLC’s holdings in Deutsche Bank Aktiengesellschaft were worth $1,143,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in DB. Triumph Capital Management bought a new position in shares of Deutsche Bank Aktiengesellschaft during the third quarter valued at about $32,000. Geneos Wealth Management Inc. increased its holdings in shares of Deutsche Bank Aktiengesellschaft by 178.0% in the second quarter. Geneos Wealth Management Inc. now owns 1,376 shares of the bank’s stock worth $40,000 after buying an additional 881 shares during the period. Advisory Services Network LLC bought a new stake in shares of Deutsche Bank Aktiengesellschaft in the 3rd quarter valued at about $59,000. GHP Investment Advisors Inc. purchased a new stake in Deutsche Bank Aktiengesellschaft during the 1st quarter valued at about $64,000. Finally, Advocate Investing Services LLC purchased a new stake in Deutsche Bank Aktiengesellschaft during the 4th quarter valued at about $93,000. 27.90% of the stock is owned by institutional investors.

Analyst Ratings Changes

DB has been the topic of a number of analyst reports. Morgan Stanley reaffirmed an “overweight” rating on shares of Deutsche Bank Aktiengesellschaft in a research note on Thursday, July 2nd. Oddo Bhf raised Deutsche Bank Aktiengesellschaft to an “outperform” rating in a research note on Friday, May 8th. Wall Street Zen cut shares of Deutsche Bank Aktiengesellschaft from a “buy” rating to a “hold” rating in a report on Saturday, June 6th. Weiss Ratings downgraded shares of Deutsche Bank Aktiengesellschaft from a “buy (b)” rating to a “buy (b-)” rating in a research note on Wednesday, May 6th. Finally, Keefe, Bruyette & Woods upgraded shares of Deutsche Bank Aktiengesellschaft from a “moderate sell” rating to a “hold” rating in a report on Thursday, July 9th. Four equities research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $43.00.

Deutsche Bank Aktiengesellschaft Stock Up 1.5%

NYSE DB opened at $34.66 on Friday. Deutsche Bank Aktiengesellschaft has a 1 year low of $28.12 and a 1 year high of $40.43. The stock has a market capitalization of $67.23 billion, a PE ratio of 9.55, a PEG ratio of 0.47 and a beta of 0.94. The company has a debt-to-equity ratio of 1.40, a current ratio of 0.74 and a quick ratio of 0.74. The business’s 50-day moving average is $33.98 and its 200 day moving average is $34.04.

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

Deutsche Bank Aktiengesellschaft Company 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.