33,666 Shares in Deutsche Bank Aktiengesellschaft $DB Purchased by LFG Wealth Partners LLC

LFG Wealth Partners LLC acquired a new stake in shares of Deutsche Bank Aktiengesellschaft (NYSE:DB) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 33,666 shares of the bank’s stock, valued at approximately $1,298,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. AQR Capital Management LLC lifted its stake in shares of Deutsche Bank Aktiengesellschaft by 15.9% during the first quarter. AQR Capital Management LLC now owns 126,101 shares of the bank’s stock valued at $3,005,000 after buying an additional 17,262 shares during the period. Focus Partners Wealth acquired a new position in Deutsche Bank Aktiengesellschaft in the 1st quarter valued at $795,000. Sivia Capital Partners LLC purchased a new position in shares of Deutsche Bank Aktiengesellschaft during the 2nd quarter worth $413,000. Rhumbline Advisers boosted its holdings in shares of Deutsche Bank Aktiengesellschaft by 4.5% during the second quarter. Rhumbline Advisers now owns 27,750 shares of the bank’s stock worth $813,000 after purchasing an additional 1,187 shares during the last quarter. Finally, First Trust Advisors LP grew its position in shares of Deutsche Bank Aktiengesellschaft by 24.1% in the second quarter. First Trust Advisors LP now owns 528,327 shares of the bank’s stock valued at $15,620,000 after purchasing an additional 102,754 shares during the period. 27.90% of the stock is currently owned by hedge funds and other institutional investors.

Deutsche Bank Aktiengesellschaft Stock Up 3.5%

DB stock opened at $34.46 on Tuesday. The firm has a market cap of $66.86 billion, a price-to-earnings ratio of 9.49, a PEG ratio of 0.45 and a beta of 0.93. The firm has a fifty day moving average price of $32.08 and a two-hundred day moving average price of $34.52. The company has a debt-to-equity ratio of 1.40, a current ratio of 0.74 and a quick ratio of 0.74. Deutsche Bank Aktiengesellschaft has a 1-year low of $27.26 and a 1-year high of $40.43.

Deutsche Bank Aktiengesellschaft (NYSE:DB) last issued its earnings results on Wednesday, April 29th. The bank reported $1.24 earnings per share for the quarter, topping the consensus estimate 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 firm had revenue of $10.04 billion for the quarter, compared to analyst estimates of $9.85 billion. Research analysts predict that Deutsche Bank Aktiengesellschaft will post 4.01 EPS for the current year.

Analyst Upgrades and Downgrades

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

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.