Sei Investments Co. Grows Stock Position in Deutsche Bank Aktiengesellschaft $DB

Sei Investments Co. grew its holdings in Deutsche Bank Aktiengesellschaft (NYSE:DB) by 26.3% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 176,435 shares of the bank’s stock after acquiring an additional 36,745 shares during the quarter. Sei Investments Co.’s holdings in Deutsche Bank Aktiengesellschaft were worth $5,254,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of the stock. Triumph Capital Management acquired a new position in shares of Deutsche Bank Aktiengesellschaft during the third quarter valued at about $32,000. Geneos Wealth Management Inc. grew its position in Deutsche Bank Aktiengesellschaft by 178.0% during the 2nd quarter. Geneos Wealth Management Inc. now owns 1,376 shares of the bank’s stock worth $40,000 after purchasing an additional 881 shares during the last quarter. Advisory Services Network LLC purchased a new stake in Deutsche Bank Aktiengesellschaft during the 3rd quarter worth approximately $59,000. GHP Investment Advisors Inc. purchased a new position in shares of Deutsche Bank Aktiengesellschaft in the first quarter worth $64,000. Finally, Advocate Investing Services LLC acquired a new stake in shares of Deutsche Bank Aktiengesellschaft during the fourth quarter worth $93,000. Institutional investors and hedge funds own 27.90% of the company’s stock.

Deutsche Bank Aktiengesellschaft Stock Performance

NYSE DB opened at $37.50 on Wednesday. The stock has a 50-day simple moving average of $34.55 and a two-hundred day simple moving average of $33.87. The firm has a market capitalization of $72.74 billion, a P/E ratio of 10.00, a PEG ratio of 0.52 and a beta of 0.94. Deutsche Bank Aktiengesellschaft has a fifty-two week low of $28.12 and a fifty-two week high of $40.43. The company has a debt-to-equity ratio of 1.35, a quick ratio of 0.72 and a current ratio of 0.72.

Deutsche Bank Aktiengesellschaft (NYSE:DB) last issued its earnings results on Wednesday, July 29th. The bank reported $0.66 EPS for the quarter, missing analysts’ consensus estimates of $0.91 by ($0.25). The company had revenue of $9.68 billion during the quarter, compared to analysts’ expectations of $9.30 billion. Deutsche Bank Aktiengesellschaft had a return on equity of 8.46% and a net margin of 11.53%. On average, equities analysts forecast that Deutsche Bank Aktiengesellschaft will post 3.88 earnings per share for the current year.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the company. Keefe, Bruyette & Woods raised Deutsche Bank Aktiengesellschaft from a “moderate sell” rating to a “hold” rating in a research report on Thursday, July 9th. Citigroup reissued a “neutral” rating on shares of Deutsche Bank Aktiengesellschaft in a report on Monday, July 20th. Zacks Research downgraded Deutsche Bank Aktiengesellschaft from a “hold” rating to a “strong sell” rating in a report on Wednesday, July 29th. Bank of America set a $43.00 price target on shares of Deutsche Bank Aktiengesellschaft in a report on Tuesday, July 7th. Finally, Barclays cut shares of Deutsche Bank Aktiengesellschaft from an “overweight” rating to an “equal weight” rating in a research note on Monday, April 20th. Four research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $43.00.

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.