Sequoia Financial Advisors LLC Buys 20,396 Shares of Deutsche Bank Aktiengesellschaft $DB

Sequoia Financial Advisors LLC boosted its stake in Deutsche Bank Aktiengesellschaft (NYSE:DB) by 86.9% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 43,863 shares of the bank’s stock after purchasing 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 filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also bought and sold shares of DB. Vanguard Group Inc. increased its holdings in shares of Deutsche Bank Aktiengesellschaft by 1.3% in the 4th quarter. Vanguard Group Inc. now owns 80,119,806 shares of the bank’s stock worth $3,087,737,000 after buying an additional 1,051,072 shares during the last quarter. Amundi lifted its holdings in shares of Deutsche Bank Aktiengesellschaft by 8.7% during the 4th quarter. Amundi now owns 53,920,096 shares of the bank’s stock worth $2,079,159,000 after acquiring an additional 4,323,093 shares during the last quarter. Fisher Asset Management LLC grew its position in Deutsche Bank Aktiengesellschaft by 3.7% in the fourth quarter. Fisher Asset Management LLC now owns 27,398,661 shares of the bank’s stock worth $1,056,492,000 after acquiring an additional 966,655 shares in the last quarter. Legal & General Group Plc increased its stake in Deutsche Bank Aktiengesellschaft by 2.3% in the fourth quarter. Legal & General Group Plc now owns 14,664,607 shares of the bank’s stock valued at $570,302,000 after acquiring an additional 332,004 shares during the last quarter. Finally, Norges Bank bought a new position in Deutsche Bank Aktiengesellschaft in the fourth quarter valued at $532,397,000. 27.90% of the stock is currently owned by institutional investors.

Deutsche Bank Aktiengesellschaft Stock Performance

NYSE DB opened at $36.04 on Friday. The company has a 50-day simple moving average of $33.59 and a two-hundred day simple moving average of $34.17. Deutsche Bank Aktiengesellschaft has a 12-month low of $28.12 and a 12-month high of $40.43. The firm has a market cap of $69.91 billion, a price-to-earnings ratio of 9.93, a PEG ratio of 0.50 and a beta of 0.94. 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 (NYSE:DB) last released its quarterly earnings data on Wednesday, April 29th. The bank reported $1.24 EPS for the quarter, topping 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 firm had revenue of $10.04 billion for the quarter, compared to the consensus estimate of $9.85 billion. On average, equities analysts forecast that Deutsche Bank Aktiengesellschaft will post 3.91 EPS for the current year.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the company. Barclays cut Deutsche Bank Aktiengesellschaft from an “overweight” rating to an “equal weight” rating in a report on Monday, April 20th. Wall Street Zen cut Deutsche Bank Aktiengesellschaft from a “buy” rating to a “hold” rating in a report on Saturday, June 6th. Oddo Bhf upgraded Deutsche Bank Aktiengesellschaft to an “outperform” rating in a research report on Friday, May 8th. Citigroup raised Deutsche Bank Aktiengesellschaft from a “sell” rating to a “hold” rating in a research note on Thursday, April 9th. Finally, Bank of America set a $43.00 price target on shares of Deutsche Bank Aktiengesellschaft in a research note on Tuesday, July 7th. Four equities research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $43.00.

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.