LFG Wealth Partners LLC Takes Position in Deutsche Bank Aktiengesellschaft $DB

LFG Wealth Partners LLC bought a new position in shares of Deutsche Bank Aktiengesellschaft (NYSE:DB) during the 4th quarter, HoldingsChannel.com reports. The institutional investor bought 33,666 shares of the bank’s stock, valued at approximately $1,298,000.

Several other hedge funds also recently modified their holdings of DB. Triumph Capital Management acquired a new stake in shares of Deutsche Bank Aktiengesellschaft in the third quarter valued at $32,000. Cary Street Partners Investment Advisory LLC lifted its holdings in Deutsche Bank Aktiengesellschaft by 61.8% in the 3rd quarter. Cary Street Partners Investment Advisory LLC now owns 1,081 shares of the bank’s stock valued at $38,000 after acquiring an additional 413 shares during the last quarter. Geneos Wealth Management Inc. boosted its position in shares of Deutsche Bank Aktiengesellschaft by 178.0% during the 2nd quarter. Geneos Wealth Management Inc. now owns 1,376 shares of the bank’s stock valued at $40,000 after purchasing an additional 881 shares in the last quarter. Advisory Services Network LLC bought a new position in shares of Deutsche Bank Aktiengesellschaft during the 3rd quarter valued at about $59,000. Finally, Advocate Investing Services LLC acquired a new position in shares of Deutsche Bank Aktiengesellschaft in the 4th quarter worth approximately $93,000. 27.90% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

DB has been the subject of several recent research reports. 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 report on Monday, April 20th. Oddo Bhf raised shares of Deutsche Bank Aktiengesellschaft to an “outperform” rating in a research report on Friday, May 8th. Wall Street Zen lowered Deutsche Bank Aktiengesellschaft from a “buy” rating to a “hold” rating in a report on Saturday, June 6th. Finally, Weiss Ratings downgraded Deutsche Bank Aktiengesellschaft from a “buy (b)” rating to a “buy (b-)” rating in a report on Wednesday, May 6th. Four analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Deutsche Bank Aktiengesellschaft currently has an average rating of “Hold”.

Deutsche Bank Aktiengesellschaft Trading Up 3.5%

Shares of DB opened at $34.46 on Tuesday. The stock’s 50-day moving average price is $32.08 and its 200 day moving average price is $34.52. The company has a quick ratio of 0.74, a current ratio of 0.74 and a debt-to-equity ratio of 1.40. Deutsche Bank Aktiengesellschaft has a 12-month low of $27.26 and a 12-month high of $40.43. The firm has a market capitalization of $66.86 billion, a price-to-earnings ratio of 9.49, a P/E/G ratio of 0.45 and a beta of 0.93.

Deutsche Bank Aktiengesellschaft (NYSE:DB) last posted its quarterly earnings results on Wednesday, April 29th. The bank reported $1.24 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.15 by $0.09. Deutsche Bank Aktiengesellschaft had a net margin of 10.43% and a return on equity of 7.69%. The firm had revenue of $10.04 billion during the quarter, compared to analyst estimates of $9.85 billion. As a group, research analysts predict that Deutsche Bank Aktiengesellschaft will post 4.01 earnings per share for the current year.

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.