Waterfront Wealth Inc. Grows Position in Deutsche Bank Aktiengesellschaft $DB

Waterfront Wealth Inc. grew its holdings in shares of Deutsche Bank Aktiengesellschaft (NYSE:DB) by 177.6% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 24,601 shares of the bank’s stock after acquiring an additional 15,739 shares during the quarter. Waterfront Wealth Inc.’s holdings in Deutsche Bank Aktiengesellschaft were worth $733,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of DB. Munich Reinsurance Co Stock Corp in Munich purchased a new stake in Deutsche Bank Aktiengesellschaft in the first quarter valued at approximately $39,411,000. Sageworth Trust Co purchased a new position in Deutsche Bank Aktiengesellschaft in the 1st quarter worth approximately $689,000. HB Wealth Management LLC increased its holdings in shares of Deutsche Bank Aktiengesellschaft by 16.2% in the 1st quarter. HB Wealth Management LLC now owns 11,448 shares of the bank’s stock worth $341,000 after buying an additional 1,596 shares during the last quarter. Private Advisor Group LLC increased its holdings in shares of Deutsche Bank Aktiengesellschaft by 16.8% in the 1st quarter. Private Advisor Group LLC now owns 10,332 shares of the bank’s stock worth $308,000 after buying an additional 1,489 shares during the last quarter. Finally, Keybank National Association OH raised its position in shares of Deutsche Bank Aktiengesellschaft by 47.2% during the 1st quarter. Keybank National Association OH now owns 13,377 shares of the bank’s stock valued at $398,000 after buying an additional 4,287 shares in the last quarter. 27.90% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the stock. Morgan Stanley reaffirmed an “overweight” rating on shares of Deutsche Bank Aktiengesellschaft in a report on Thursday, July 2nd. Barclays cut Deutsche Bank Aktiengesellschaft from an “overweight” rating to an “equal weight” rating in a research note on Monday, April 20th. Citigroup raised Deutsche Bank Aktiengesellschaft from a “sell” rating to a “hold” rating in a research note on Thursday, April 9th. Bank of America set a $43.00 price objective on Deutsche Bank Aktiengesellschaft in a report on Tuesday. Finally, Keefe, Bruyette & Woods upgraded Deutsche Bank Aktiengesellschaft from a “moderate sell” rating to a “hold” rating in a research report on Thursday. Four equities research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $43.00.

Deutsche Bank Aktiengesellschaft Trading Up 1.1%

Shares of Deutsche Bank Aktiengesellschaft stock traded up $0.40 during trading on Friday, reaching $35.80. The company’s stock had a trading volume of 1,377,318 shares, compared to its average volume of 2,416,118. Deutsche Bank Aktiengesellschaft has a 52-week low of $28.12 and a 52-week high of $40.43. The company has a market cap of $69.44 billion, a price-to-earnings ratio of 9.86, a PEG ratio of 0.49 and a beta of 0.94. The firm’s 50-day moving average is $33.22 and its two-hundred day moving average is $34.30. 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 issued its earnings results on Wednesday, April 29th. The bank reported $1.24 EPS for the quarter, topping analysts’ consensus estimates of $1.15 by $0.09. The company had revenue of $10.04 billion for the quarter, compared to analysts’ expectations of $9.85 billion. Deutsche Bank Aktiengesellschaft had a net margin of 10.43% and a return on equity of 7.69%. On average, sell-side 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.