Sanctuary Advisors LLC Sells 19,355 Shares of Deutsche Bank Aktiengesellschaft $DB

Sanctuary Advisors LLC trimmed its stake in Deutsche Bank Aktiengesellschaft (NYSE:DB) by 33.5% in the 1st quarter, HoldingsChannel reports. The firm owned 38,370 shares of the bank’s stock after selling 19,355 shares during the quarter. Sanctuary Advisors LLC’s holdings in Deutsche Bank Aktiengesellschaft were worth $1,143,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of DB. Triumph Capital Management bought a new position in Deutsche Bank Aktiengesellschaft in the third quarter worth about $32,000. Geneos Wealth Management Inc. lifted its holdings in Deutsche Bank Aktiengesellschaft by 178.0% in the second quarter. Geneos Wealth Management Inc. now owns 1,376 shares of the bank’s stock worth $40,000 after buying an additional 881 shares during the period. Advisory Services Network LLC bought a new stake in Deutsche Bank Aktiengesellschaft during the 3rd quarter valued at approximately $59,000. GHP Investment Advisors Inc. bought a new stake in Deutsche Bank Aktiengesellschaft during the 1st quarter valued at approximately $64,000. Finally, Advocate Investing Services LLC purchased a new position in shares of Deutsche Bank Aktiengesellschaft during the 4th quarter worth approximately $93,000. Institutional investors own 27.90% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently commented on DB shares. Morgan Stanley restated an “overweight” rating on shares of Deutsche Bank Aktiengesellschaft in a research note on Thursday, July 2nd. Oddo Bhf raised Deutsche Bank Aktiengesellschaft to an “outperform” rating in a research note on Friday, May 8th. Barclays downgraded Deutsche Bank Aktiengesellschaft from an “overweight” rating to an “equal weight” rating in a report on Monday, April 20th. Keefe, Bruyette & Woods raised Deutsche Bank Aktiengesellschaft from a “moderate sell” rating to a “hold” rating in a research report on Thursday, July 9th. Finally, Weiss Ratings cut shares of 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 seven have given a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $43.00.

Deutsche Bank Aktiengesellschaft Price Performance

Shares of NYSE DB opened at $34.66 on Friday. The company has a 50 day simple moving average of $33.98 and a two-hundred day simple moving average of $34.04. 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 $67.23 billion, a price-to-earnings ratio of 9.55, a P/E/G ratio of 0.47 and a beta of 0.94. 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 (NYSE:DB) last issued its quarterly 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 firm had revenue of $10.04 billion for the quarter, compared to analysts’ expectations of $9.85 billion. Deutsche Bank Aktiengesellschaft had a return on equity of 7.69% and a net margin of 10.43%. Analysts expect that Deutsche Bank Aktiengesellschaft will post 3.91 EPS for the current fiscal 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.