Forsta AP Fonden Increases Stock Holdings in Deutsche Bank Aktiengesellschaft $DB

Forsta AP Fonden increased its position in Deutsche Bank Aktiengesellschaft (NYSE:DB) by 15.6% in the second quarter, Holdings Channel.com reports. The fund owned 285,845 shares of the bank’s stock after acquiring an additional 38,584 shares during the quarter. Forsta AP Fonden’s holdings in Deutsche Bank Aktiengesellschaft were worth $8,370,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Opal Wealth Advisors LLC purchased a new stake in Deutsche Bank Aktiengesellschaft in the 2nd quarter worth approximately $25,000. Zions Bancorporation National Association UT bought a new position in shares of Deutsche Bank Aktiengesellschaft in the first quarter worth $39,000. Allworth Financial LP raised its position in shares of Deutsche Bank Aktiengesellschaft by 54.0% in the second quarter. Allworth Financial LP now owns 2,143 shares of the bank’s stock worth $63,000 after buying an additional 751 shares in the last quarter. Farther Finance Advisors LLC boosted its stake in Deutsche Bank Aktiengesellschaft by 46.5% during the second quarter. Farther Finance Advisors LLC now owns 2,387 shares of the bank’s stock valued at $70,000 after buying an additional 758 shares during the period. Finally, Founders Capital Management purchased a new position in Deutsche Bank Aktiengesellschaft during the second quarter worth about $73,000. Institutional investors own 27.90% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have weighed in on DB shares. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of Deutsche Bank Aktiengesellschaft in a report on Monday, July 28th. Barclays upgraded shares of Deutsche Bank Aktiengesellschaft to a “strong-buy” rating in a research report on Friday, October 10th. Jefferies Financial Group initiated coverage on shares of Deutsche Bank Aktiengesellschaft in a research report on Monday, October 20th. They set a “hold” rating for the company. Wall Street Zen raised shares of Deutsche Bank Aktiengesellschaft from a “hold” rating to a “buy” rating in a report on Saturday, November 1st. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Deutsche Bank Aktiengesellschaft in a report on Wednesday, October 8th. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold”.

Deutsche Bank Aktiengesellschaft Trading Down 1.9%

Shares of DB opened at $37.90 on Friday. Deutsche Bank Aktiengesellschaft has a fifty-two week low of $16.02 and a fifty-two week high of $38.78. The firm has a market cap of $75.49 billion, a price-to-earnings ratio of 13.98, a PEG ratio of 1.12 and a beta of 1.02. The firm has a 50 day moving average price of $35.63 and a 200-day moving average price of $32.34. The company has a debt-to-equity ratio of 1.39, a quick ratio of 0.79 and a current ratio of 0.79.

Deutsche Bank Aktiengesellschaft (NYSE:DB) last released its earnings results on Wednesday, October 29th. The bank reported $0.97 EPS for the quarter, beating the consensus estimate of $0.81 by $0.16. The company had revenue of $9.44 billion for the quarter, compared to analyst estimates of $7.75 billion. Deutsche Bank Aktiengesellschaft had a net margin of 7.99% and a return on equity of 6.13%. As a group, equities research analysts forecast that Deutsche Bank Aktiengesellschaft will post 2.93 earnings per share 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.