Pinnacle Holdings LLC Purchases New Position in Deutsche Bank Aktiengesellschaft $DB

Pinnacle Holdings LLC acquired a new position in shares of Deutsche Bank Aktiengesellschaft (NYSE:DB) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 24,900 shares of the bank’s stock, valued at approximately $841,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. GAMMA Investing LLC boosted its position in shares of Deutsche Bank Aktiengesellschaft by 51.6% during the second quarter. GAMMA Investing LLC now owns 814 shares of the bank’s stock valued at $27,000 after buying an additional 277 shares during the last quarter. Triumph Capital Management purchased a new stake in Deutsche Bank Aktiengesellschaft in the 3rd quarter valued at $32,000. Geneos Wealth Management Inc. raised its position 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 valued at $40,000 after buying an additional 881 shares during the last quarter. Advisory Services Network LLC bought a new position in Deutsche Bank Aktiengesellschaft during the 3rd quarter valued at $59,000. Finally, GHP Investment Advisors Inc. purchased a new position in Deutsche Bank Aktiengesellschaft during the 1st quarter worth $64,000. 27.90% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on DB shares. Royal Bank Of Canada reiterated an “outperform” rating on shares of Deutsche Bank Aktiengesellschaft in a research note on Thursday, July 30th. Zacks Research cut shares of Deutsche Bank Aktiengesellschaft from a “hold” rating to a “strong sell” rating in a report on Wednesday, July 29th. Weiss Ratings raised shares of Deutsche Bank Aktiengesellschaft from a “buy (b-)” rating to a “buy (b)” rating in a research report on Wednesday, July 29th. Wall Street Zen lowered shares of Deutsche Bank Aktiengesellschaft from a “buy” rating to a “hold” rating in a research note on Saturday, June 6th. Finally, Keefe, Bruyette & Woods raised shares of Deutsche Bank Aktiengesellschaft from a “moderate sell” rating to a “hold” rating in a research report on Thursday, July 9th. Four equities research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $43.00.

Deutsche Bank Aktiengesellschaft Stock Up 0.0%

Shares of NYSE:DB opened at $37.83 on Monday. Deutsche Bank Aktiengesellschaft has a 1 year low of $28.12 and a 1 year high of $40.43. The company 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. The business has a fifty 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 current ratio of 0.72 and a quick ratio of 0.72.

Deutsche Bank Aktiengesellschaft (NYSE:DB) last released its earnings results on Thursday, July 30th. The bank reported $0.66 EPS for the quarter, missing analysts’ consensus estimates of $0.91 by ($0.25). The business had revenue of $9.68 billion for the quarter, compared to the consensus estimate of $9.30 billion. Deutsche Bank Aktiengesellschaft had a return on equity of 8.46% and a net margin of 11.53%. Analysts forecast that Deutsche Bank Aktiengesellschaft will post 3.88 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.