Global Retirement Partners LLC Increases Stock Position in Deutsche Bank Aktiengesellschaft $DB

Global Retirement Partners LLC grew its holdings in shares of Deutsche Bank Aktiengesellschaft (NYSE:DB) by 1,563.4% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 16,967 shares of the bank’s stock after purchasing an additional 15,947 shares during the period. Global Retirement Partners LLC’s holdings in Deutsche Bank Aktiengesellschaft were worth $601,000 at the end of the most recent reporting period.

Other institutional investors have also recently modified their holdings of the company. Signaturefd LLC boosted its stake in shares of Deutsche Bank Aktiengesellschaft by 3.0% in the third quarter. Signaturefd LLC now owns 39,119 shares of the bank’s stock valued at $1,385,000 after buying an additional 1,125 shares in the last quarter. Generali Asset Management SPA SGR boosted its position in shares of Deutsche Bank Aktiengesellschaft by 51.9% during the 3rd quarter. Generali Asset Management SPA SGR now owns 408,691 shares of the bank’s stock worth $14,472,000 after purchasing an additional 139,630 shares in the last quarter. Salomon & Ludwin LLC grew its stake in shares of Deutsche Bank Aktiengesellschaft by 2,807.4% during the 3rd quarter. Salomon & Ludwin LLC now owns 785 shares of the bank’s stock worth $28,000 after purchasing an additional 758 shares during the period. Merit Financial Group LLC purchased a new position in shares of Deutsche Bank Aktiengesellschaft in the 3rd quarter valued at about $293,000. Finally, Baron Wealth Management LLC lifted its stake in shares of Deutsche Bank Aktiengesellschaft by 1.1% in the third quarter. Baron Wealth Management LLC now owns 27,401 shares of the bank’s stock valued at $970,000 after purchasing an additional 302 shares during the period. 27.90% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

DB has been the subject of a number of research analyst reports. Morgan Stanley reaffirmed an “overweight” rating on shares of Deutsche Bank Aktiengesellschaft in a report on Thursday. Weiss Ratings restated a “buy (b)” rating on shares of Deutsche Bank Aktiengesellschaft in a report on Wednesday, October 8th. Zacks Research cut Deutsche Bank Aktiengesellschaft from a “strong-buy” rating to a “hold” rating in a report on Tuesday, December 30th. Jefferies Financial Group assumed coverage on Deutsche Bank Aktiengesellschaft in a research report on Monday, October 20th. They set a “hold” rating on the stock. Finally, Barclays upgraded Deutsche Bank Aktiengesellschaft to a “strong-buy” rating in a research report on Friday, October 10th. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold”.

Deutsche Bank Aktiengesellschaft Stock Performance

NYSE DB opened at $38.85 on Friday. The company has a quick ratio of 0.78, a current ratio of 0.78 and a debt-to-equity ratio of 1.40. Deutsche Bank Aktiengesellschaft has a fifty-two week low of $17.17 and a fifty-two week high of $39.82. The business has a fifty day moving average of $37.12 and a 200-day moving average of $35.01. The stock has a market cap of $76.89 billion, a price-to-earnings ratio of 14.33, a price-to-earnings-growth ratio of 0.36 and a beta of 0.96.

Deutsche Bank Aktiengesellschaft (NYSE:DB) last posted its quarterly earnings data on Wednesday, October 29th. The bank reported $0.97 EPS for the quarter, beating analysts’ consensus estimates of $0.81 by $0.16. Deutsche Bank Aktiengesellschaft had a return on equity of 5.97% and a net margin of 7.99%.The business had revenue of $9.44 billion for the quarter, compared to analyst estimates of $7.75 billion. As a group, analysts predict that Deutsche Bank Aktiengesellschaft will post 2.93 earnings per share for the current fiscal 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.