Pinnacle Holdings LLC Invests $841,000 in Deutsche Bank Aktiengesellschaft $DB

Pinnacle Holdings LLC acquired a new stake in Deutsche Bank Aktiengesellschaft (NYSE:DB) during the second quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 24,900 shares of the bank’s stock, valued at approximately $841,000.

A number of other hedge funds have also bought and sold shares of DB. Plato Investment Management Ltd bought a new stake in Deutsche Bank Aktiengesellschaft during the second quarter valued at $1,244,000. Valeo Financial Advisors LLC raised its position in shares of Deutsche Bank Aktiengesellschaft by 43.2% in the 2nd quarter. Valeo Financial Advisors LLC now owns 9,756 shares of the bank’s stock worth $329,000 after acquiring an additional 2,943 shares in the last quarter. Gradient Investments LLC lifted its stake in shares of Deutsche Bank Aktiengesellschaft by 7.7% in the 2nd quarter. Gradient Investments LLC now owns 160,989 shares of the bank’s stock valued at $5,435,000 after purchasing an additional 11,530 shares during the period. GAMMA Investing LLC boosted its position in shares of Deutsche Bank Aktiengesellschaft by 51.6% during the 2nd quarter. GAMMA Investing LLC now owns 814 shares of the bank’s stock valued at $27,000 after purchasing an additional 277 shares in the last quarter. Finally, Versant Capital Management Inc grew its stake in Deutsche Bank Aktiengesellschaft by 2.8% during the second quarter. Versant Capital Management Inc now owns 22,407 shares of the bank’s stock worth $756,000 after purchasing an additional 612 shares during the period. Institutional investors own 27.90% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have issued reports on DB shares. Morgan Stanley reissued an “overweight” rating on shares of Deutsche Bank Aktiengesellschaft in a research note on Thursday, July 30th. Royal Bank Of Canada reiterated an “outperform” rating on shares of Deutsche Bank Aktiengesellschaft in a research note on Thursday, July 30th. Keefe, Bruyette & Woods upgraded shares of Deutsche Bank Aktiengesellschaft from a “moderate sell” rating to a “hold” rating in a research report on Thursday, July 9th. Oddo Bhf raised shares of Deutsche Bank Aktiengesellschaft to an “outperform” rating in a research note on Friday, May 8th. Finally, Zacks Research downgraded shares of Deutsche Bank Aktiengesellschaft from a “hold” rating to a “strong sell” rating in a research note on Wednesday, July 29th. Four equities research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $43.00.

Deutsche Bank Aktiengesellschaft Trading Up 0.0%

Shares of Deutsche Bank Aktiengesellschaft stock opened at $37.83 on Monday. The stock has a market capitalization of $73.39 billion, a PE ratio of 10.09, a price-to-earnings-growth ratio of 0.53 and a beta of 0.94. Deutsche Bank Aktiengesellschaft has a 52 week low of $28.12 and a 52 week high of $40.43. The stock has a 50 day moving average price of $36.09 and a two-hundred day moving average price of $33.79. The company has a debt-to-equity ratio of 1.35, a quick ratio of 0.72 and a current ratio of 0.72.

Deutsche Bank Aktiengesellschaft (NYSE:DB) last issued its earnings results on Thursday, July 30th. The bank reported $0.66 earnings per share for the quarter, missing analysts’ consensus estimates of $0.91 by ($0.25). Deutsche Bank Aktiengesellschaft had a return on equity of 8.46% and a net margin of 11.53%.The firm had revenue of $9.68 billion for the quarter, compared to analyst estimates of $9.30 billion. As a group, equities analysts anticipate that Deutsche Bank Aktiengesellschaft will post 3.88 earnings per share for the current fiscal year.

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.