Sageworth Trust Co Makes New $689,000 Investment in Deutsche Bank Aktiengesellschaft $DB

Sageworth Trust Co purchased a new position in shares of Deutsche Bank Aktiengesellschaft (NYSE:DB) in the 1st quarter, Holdings Channel reports. The firm purchased 23,135 shares of the bank’s stock, valued at approximately $689,000.

Other large investors also recently modified their holdings of the company. Triumph Capital Management acquired a new stake in shares of Deutsche Bank Aktiengesellschaft during the 3rd quarter valued at $32,000. Geneos Wealth Management Inc. increased its holdings in Deutsche Bank Aktiengesellschaft by 178.0% in the 2nd quarter. Geneos Wealth Management Inc. now owns 1,376 shares of the bank’s stock worth $40,000 after purchasing an additional 881 shares in the last quarter. Advisory Services Network LLC acquired a new position in Deutsche Bank Aktiengesellschaft in the 3rd quarter worth about $59,000. GHP Investment Advisors Inc. bought a new position in Deutsche Bank Aktiengesellschaft in the first quarter valued at about $64,000. Finally, Advocate Investing Services LLC acquired a new stake in shares of Deutsche Bank Aktiengesellschaft during the fourth quarter valued at about $93,000. 27.90% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research firms have recently weighed in on DB. Barclays cut Deutsche Bank Aktiengesellschaft from an “overweight” rating to an “equal weight” rating in a report on Monday, April 20th. Morgan Stanley reiterated an “overweight” rating on shares of Deutsche Bank Aktiengesellschaft in a research report on Thursday, July 2nd. Wall Street Zen lowered shares of Deutsche Bank Aktiengesellschaft from a “buy” rating to a “hold” rating in a report on Saturday, June 6th. Citigroup upgraded shares of Deutsche Bank Aktiengesellschaft from a “sell” rating to a “hold” rating in a research report on Thursday, April 9th. Finally, Oddo Bhf raised shares of Deutsche Bank Aktiengesellschaft to an “outperform” rating in a research note on Friday, May 8th. Four research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat.com, Deutsche Bank Aktiengesellschaft presently has an average rating of “Hold” and an average target price of $43.00.

Deutsche Bank Aktiengesellschaft Stock Performance

NYSE:DB opened at $35.29 on Thursday. The company has a 50 day simple moving average of $33.05 and a two-hundred day simple moving average of $34.32. 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 fifty-two week low of $28.12 and a fifty-two week high of $40.43. The company has a market capitalization of $68.46 billion, a PE ratio of 9.72, a P/E/G ratio of 0.50 and a beta of 0.94.

Deutsche Bank Aktiengesellschaft (NYSE:DB) last announced its earnings results on Wednesday, April 29th. The bank reported $1.24 earnings per share for the quarter, topping analysts’ consensus estimates of $1.15 by $0.09. The business had revenue of $10.04 billion during the quarter, compared to the consensus estimate of $9.85 billion. Deutsche Bank Aktiengesellschaft had a net margin of 10.43% and a return on equity of 7.69%. Research analysts anticipate that Deutsche Bank Aktiengesellschaft will post 3.91 earnings per share for the current 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.