Sequoia Financial Advisors LLC Raises Stock Holdings in Deutsche Bank Aktiengesellschaft $DB

Sequoia Financial Advisors LLC boosted its holdings in Deutsche Bank Aktiengesellschaft (NYSE:DB) by 11.0% in the second quarter, Holdings Channel.com reports. The institutional investor owned 16,754 shares of the bank’s stock after acquiring an additional 1,665 shares during the period. Sequoia Financial Advisors LLC’s holdings in Deutsche Bank Aktiengesellschaft were worth $491,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of DB. GQG Partners LLC purchased a new position in Deutsche Bank Aktiengesellschaft in the 1st quarter worth about $470,716,000. Entrust Global Partners L L C purchased a new position in Deutsche Bank Aktiengesellschaft in the 1st quarter worth about $365,750,000. Deutsche Bank AG raised its position in Deutsche Bank Aktiengesellschaft by 10.0% in the 1st quarter. Deutsche Bank AG now owns 47,662,928 shares of the bank’s stock worth $1,135,808,000 after buying an additional 4,322,086 shares during the last quarter. Appaloosa LP purchased a new position in Deutsche Bank Aktiengesellschaft in the 1st quarter worth about $89,362,000. Finally, Causeway Capital Management LLC purchased a new position in Deutsche Bank Aktiengesellschaft in the 1st quarter worth about $36,066,000. Hedge funds and other institutional investors own 27.90% of the company’s stock.

Analyst Upgrades and Downgrades

DB has been the subject of a number of recent analyst reports. Citigroup reissued a “sell” rating on shares of Deutsche Bank Aktiengesellschaft in a research report on Friday, July 25th. Jefferies Financial Group began coverage on shares of Deutsche Bank Aktiengesellschaft in a research report on Monday. They set a “hold” rating for the company. Morgan Stanley reaffirmed an “overweight” rating on shares of Deutsche Bank Aktiengesellschaft in a research report on Tuesday, September 2nd. Wall Street Zen lowered shares of Deutsche Bank Aktiengesellschaft from a “buy” rating to a “hold” rating in a research report on Saturday, July 26th. Finally, The Goldman Sachs Group lowered shares of Deutsche Bank Aktiengesellschaft from a “buy” rating to a “neutral” rating in a research report on Tuesday, August 26th. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, five have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, Deutsche Bank Aktiengesellschaft currently has a consensus rating of “Hold”.

Deutsche Bank Aktiengesellschaft Trading Up 0.8%

Shares of NYSE:DB opened at $33.88 on Tuesday. The stock has a 50 day moving average of $35.75 and a 200 day moving average of $30.78. The company has a market cap of $67.48 billion, a PE ratio of 12.88, a price-to-earnings-growth ratio of 1.03 and a beta of 0.98. The company has a current ratio of 0.79, a quick ratio of 0.79 and a debt-to-equity ratio of 1.39. Deutsche Bank Aktiengesellschaft has a 12-month low of $16.02 and a 12-month high of $37.86.

Deutsche Bank Aktiengesellschaft (NYSE:DB) last announced its quarterly earnings data on Thursday, July 24th. The bank reported $0.54 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.78 by ($0.24). The company had revenue of $9.21 billion for the quarter, compared to the consensus estimate of $7.80 billion. Deutsche Bank Aktiengesellschaft had a net margin of 7.67% and a return on equity of 6.01%. As a group, equities research analysts expect that Deutsche Bank Aktiengesellschaft will post 2.93 EPS for the current year.

Deutsche Bank Aktiengesellschaft Company Profile

Deutsche Bank Aktiengesellschaft, a stock corporation, provides corporate and investment banking, and asset management products and services to private individuals, corporate entities, and institutional clients in Germany, the United Kingdom, rest of Europe, the Middle East, Africa, the Americas, and the Asia-Pacific.