Waterfront Wealth Inc. Sells 513 Shares of Deutsche Bank Aktiengesellschaft $DB

Waterfront Wealth Inc. trimmed its position in shares of Deutsche Bank Aktiengesellschaft (NYSE:DB) by 1.0% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 52,287 shares of the bank’s stock after selling 513 shares during the quarter. Waterfront Wealth Inc.’s holdings in Deutsche Bank Aktiengesellschaft were worth $1,531,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of the company. Vanguard Group Inc. boosted its position in Deutsche Bank Aktiengesellschaft by 0.5% during the 1st quarter. Vanguard Group Inc. now owns 79,404,821 shares of the bank’s stock valued at $1,892,773,000 after acquiring an additional 370,319 shares in the last quarter. Deutsche Bank AG lifted its holdings in shares of Deutsche Bank Aktiengesellschaft by 10.0% during the first quarter. Deutsche Bank AG now owns 47,662,928 shares of the bank’s stock valued at $1,135,808,000 after purchasing an additional 4,322,086 shares during the last quarter. GQG Partners LLC purchased a new position in Deutsche Bank Aktiengesellschaft in the 1st quarter worth approximately $470,716,000. DekaBank Deutsche Girozentrale raised its holdings in Deutsche Bank Aktiengesellschaft by 14.0% in the 2nd quarter. DekaBank Deutsche Girozentrale now owns 18,047,605 shares of the bank’s stock worth $530,500,000 after acquiring an additional 2,219,444 shares during the last quarter. Finally, Entrust Global Partners L L C purchased a new position in Deutsche Bank Aktiengesellschaft in the 1st quarter worth approximately $365,750,000. 27.90% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages have weighed in on DB. Wall Street Zen lowered shares of Deutsche Bank Aktiengesellschaft from a “buy” rating to a “hold” rating in a research note on Saturday, July 26th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Deutsche Bank Aktiengesellschaft in a report on Wednesday, October 8th. The Goldman Sachs Group downgraded shares of Deutsche Bank Aktiengesellschaft from a “buy” rating to a “neutral” rating in a report on Tuesday, August 26th. Citigroup reaffirmed a “sell” rating on shares of Deutsche Bank Aktiengesellschaft in a report on Friday, July 25th. Finally, Morgan Stanley reaffirmed an “overweight” rating on shares of Deutsche Bank Aktiengesellschaft in a report on Tuesday, September 2nd. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, Deutsche Bank Aktiengesellschaft currently has an average rating of “Hold”.

Deutsche Bank Aktiengesellschaft Stock Up 1.7%

DB opened at $34.53 on Wednesday. The firm has a 50-day simple moving average of $35.41 and a two-hundred day simple moving average of $31.32. Deutsche Bank Aktiengesellschaft has a 52 week low of $16.02 and a 52 week high of $37.86. The company has a market capitalization of $68.78 billion, a PE ratio of 13.13, a price-to-earnings-growth ratio of 1.06 and a beta of 0.98. The company has a quick ratio of 0.79, a current ratio of 0.79 and a debt-to-equity ratio of 1.39.

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.