Deutsche Bank Aktiengesellschaft $DB Shares Sold by Prospera Financial Services Inc

Prospera Financial Services Inc lessened its stake in Deutsche Bank Aktiengesellschaft (NYSE:DB) by 26.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 41,525 shares of the bank’s stock after selling 15,304 shares during the quarter. Prospera Financial Services Inc’s holdings in Deutsche Bank Aktiengesellschaft were worth $1,601,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Legacy Capital Group California Inc. increased its holdings in shares of Deutsche Bank Aktiengesellschaft by 2.2% in the third quarter. Legacy Capital Group California Inc. now owns 12,368 shares of the bank’s stock valued at $438,000 after purchasing an additional 264 shares during the last quarter. Evergreen Capital Management LLC increased its holdings in shares of Deutsche Bank Aktiengesellschaft by 1.9% in the second quarter. Evergreen Capital Management LLC now owns 15,436 shares of the bank’s stock valued at $452,000 after purchasing an additional 282 shares during the last quarter. Cresset Asset Management LLC increased its holdings in shares of Deutsche Bank Aktiengesellschaft by 2.4% in the third quarter. Cresset Asset Management LLC now owns 11,955 shares of the bank’s stock valued at $423,000 after purchasing an additional 285 shares during the last quarter. Wedbush Securities Inc. increased its holdings in shares of Deutsche Bank Aktiengesellschaft by 4.2% in the third quarter. Wedbush Securities Inc. now owns 8,226 shares of the bank’s stock valued at $291,000 after purchasing an additional 331 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC increased its holdings in shares of Deutsche Bank Aktiengesellschaft by 0.8% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 41,905 shares of the bank’s stock valued at $1,457,000 after purchasing an additional 346 shares during the last quarter. Institutional investors and hedge funds own 27.90% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently weighed in on the company. Wall Street Zen upgraded Deutsche Bank Aktiengesellschaft from a “hold” rating to a “buy” rating in a research report on Saturday, May 16th. Weiss Ratings cut Deutsche Bank Aktiengesellschaft from a “buy (b)” rating to a “buy (b-)” rating in a research note on Wednesday, May 6th. Barclays cut Deutsche Bank Aktiengesellschaft from an “overweight” rating to an “equal weight” rating in a research note on Monday, April 20th. Citigroup raised Deutsche Bank Aktiengesellschaft from a “sell” rating to a “hold” rating in a research note on Thursday, April 9th. Finally, Oddo Bhf raised Deutsche Bank Aktiengesellschaft to an “outperform” rating in a research note on Friday, May 8th. Five analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold”.

Deutsche Bank Aktiengesellschaft Price Performance

DB stock opened at $33.34 on Thursday. The business has a fifty day moving average of $31.31 and a two-hundred day moving average of $34.84. The company has a quick ratio of 0.74, a current ratio of 0.74 and a debt-to-equity ratio of 1.40. The stock has a market cap of $64.67 billion, a price-to-earnings ratio of 9.18, a price-to-earnings-growth ratio of 0.45 and a beta of 0.94. Deutsche Bank Aktiengesellschaft has a 52-week low of $27.13 and a 52-week high of $40.43.

Deutsche Bank Aktiengesellschaft (NYSE:DB) last released its quarterly earnings results on Wednesday, April 29th. The bank reported $1.24 EPS for the quarter, topping the consensus estimate of $1.15 by $0.09. Deutsche Bank Aktiengesellschaft had a return on equity of 7.69% and a net margin of 10.43%.The business had revenue of $10.04 billion during the quarter, compared to analyst estimates of $9.85 billion. As a group, research analysts anticipate that Deutsche Bank Aktiengesellschaft will post 4.02 earnings per share for the current 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.