Sequoia Financial Advisors LLC Raises Holdings in Deutsche Bank Aktiengesellschaft $DB

Sequoia Financial Advisors LLC increased its position in Deutsche Bank Aktiengesellschaft (NYSE:DB) by 86.9% in the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 43,863 shares of the bank’s stock after acquiring an additional 20,396 shares during the quarter. Sequoia Financial Advisors LLC’s holdings in Deutsche Bank Aktiengesellschaft were worth $1,306,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Waterfront Wealth Inc. boosted its position in Deutsche Bank Aktiengesellschaft by 177.6% during the first quarter. Waterfront Wealth Inc. now owns 24,601 shares of the bank’s stock worth $733,000 after purchasing an additional 15,739 shares during the period. Munich Reinsurance Co Stock Corp in Munich bought a new stake in shares of Deutsche Bank Aktiengesellschaft in the first quarter valued at approximately $39,411,000. Sageworth Trust Co purchased a new stake in shares of Deutsche Bank Aktiengesellschaft during the 1st quarter valued at approximately $689,000. HB Wealth Management LLC lifted its stake in shares of Deutsche Bank Aktiengesellschaft by 16.2% during the 1st quarter. HB Wealth Management LLC now owns 11,448 shares of the bank’s stock valued at $341,000 after buying an additional 1,596 shares in the last quarter. Finally, Private Advisor Group LLC boosted its holdings in Deutsche Bank Aktiengesellschaft by 16.8% in the 1st quarter. Private Advisor Group LLC now owns 10,332 shares of the bank’s stock worth $308,000 after buying an additional 1,489 shares during the period. 27.90% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

DB has been the subject of a number of recent research reports. Barclays lowered shares of Deutsche Bank Aktiengesellschaft from an “overweight” rating to an “equal weight” rating in a research note on Monday, April 20th. Bank of America set a $43.00 price target on Deutsche Bank Aktiengesellschaft in a report on Tuesday, July 7th. Morgan Stanley reiterated an “overweight” rating on shares of Deutsche Bank Aktiengesellschaft in a research report on Thursday, July 2nd. Citigroup raised Deutsche Bank Aktiengesellschaft from a “sell” rating to a “hold” rating in a report on Thursday, April 9th. Finally, Weiss Ratings downgraded Deutsche Bank Aktiengesellschaft from a “buy (b)” rating to a “buy (b-)” rating in a research note on Wednesday, May 6th. Four analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $43.00.

Deutsche Bank Aktiengesellschaft Stock Performance

NYSE DB opened at $36.04 on Friday. The company’s 50 day simple moving average is $33.59 and its two-hundred day simple moving average is $34.17. 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 $28.12 and a 1 year high of $40.43. The stock has a market capitalization of $69.91 billion, a PE ratio of 9.93, a P/E/G ratio of 0.50 and a beta of 0.94.

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. The firm had revenue of $10.04 billion during the quarter, compared to analyst estimates of $9.85 billion. Deutsche Bank Aktiengesellschaft had a net margin of 10.43% and a return on equity of 7.69%. Analysts predict that Deutsche Bank Aktiengesellschaft will post 3.91 earnings per share for the current fiscal 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.