Sageworth Trust Co Makes New Investment in Deutsche Bank Aktiengesellschaft $DB

Sageworth Trust Co bought a new stake in Deutsche Bank Aktiengesellschaft (NYSE:DB) in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 23,135 shares of the bank’s stock, valued at approximately $689,000.

A number of other hedge funds have also bought and sold shares of DB. Capital World Investors raised its position in shares of Deutsche Bank Aktiengesellschaft by 1.2% in the third quarter. Capital World Investors now owns 4,442,141 shares of the bank’s stock valued at $156,201,000 after buying an additional 51,972 shares in the last quarter. Compagnie Lombard Odier SCmA increased its stake in Deutsche Bank Aktiengesellschaft by 10.5% during the 4th quarter. Compagnie Lombard Odier SCmA now owns 629,334 shares of the bank’s stock worth $24,475,000 after acquiring an additional 59,925 shares during the period. Vanguard Group Inc. increased its stake in Deutsche Bank Aktiengesellschaft by 1.3% during the 4th quarter. Vanguard Group Inc. now owns 80,119,806 shares of the bank’s stock worth $3,087,737,000 after acquiring an additional 1,051,072 shares during the period. QRG Capital Management Inc. raised its holdings in Deutsche Bank Aktiengesellschaft by 27.3% in the 4th quarter. QRG Capital Management Inc. now owns 209,554 shares of the bank’s stock valued at $8,080,000 after acquiring an additional 44,937 shares in the last quarter. Finally, ABN AMRO Bank N.V. lifted its position in shares of Deutsche Bank Aktiengesellschaft by 116.8% during the 4th quarter. ABN AMRO Bank N.V. now owns 264,172 shares of the bank’s stock valued at $10,234,000 after acquiring an additional 142,348 shares during the period. 27.90% of the stock is owned by institutional investors.

Deutsche Bank Aktiengesellschaft Price Performance

Deutsche Bank Aktiengesellschaft stock opened at $35.29 on Thursday. The company has a debt-to-equity ratio of 1.40, a quick ratio of 0.74 and a current ratio of 0.74. Deutsche Bank Aktiengesellschaft has a 52 week low of $28.12 and a 52 week high of $40.43. The stock has a market capitalization of $68.46 billion, a P/E ratio of 9.72, a price-to-earnings-growth ratio of 0.50 and a beta of 0.94. The stock has a fifty day moving average of $33.05 and a 200-day moving average of $34.32.

Deutsche Bank Aktiengesellschaft (NYSE:DB) last released its quarterly earnings data on Wednesday, April 29th. The bank reported $1.24 earnings per share for the quarter, beating 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 business had revenue of $10.04 billion for the quarter, compared to analyst estimates of $9.85 billion. On average, sell-side analysts expect that Deutsche Bank Aktiengesellschaft will post 3.91 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the company. Barclays cut Deutsche Bank Aktiengesellschaft from an “overweight” rating to an “equal weight” rating in a research report on Monday, April 20th. Wall Street Zen downgraded shares of Deutsche Bank Aktiengesellschaft from a “buy” rating to a “hold” rating in a research note on Saturday, June 6th. Bank of America set a $43.00 target price on shares of Deutsche Bank Aktiengesellschaft in a report on Tuesday. Oddo Bhf upgraded shares of Deutsche Bank Aktiengesellschaft to an “outperform” rating in a research report on Friday, May 8th. Finally, Citigroup raised shares of Deutsche Bank Aktiengesellschaft from a “sell” rating to a “hold” rating in a report on Thursday, April 9th. Four analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $43.00.

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.