Private Advisor Group LLC Takes Position in Deutsche Bank AG (DB)

Private Advisor Group LLC bought a new stake in Deutsche Bank AG (NYSE:DB) during the 3rd quarter, HoldingsChannel.com reports. The fund bought 16,785 shares of the bank’s stock, valued at approximately $191,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Janney Montgomery Scott LLC acquired a new stake in shares of Deutsche Bank in the 2nd quarter valued at approximately $125,000. Wedbush Securities Inc. acquired a new stake in Deutsche Bank during the 2nd quarter worth approximately $133,000. Commonwealth Equity Services LLC acquired a new stake in Deutsche Bank during the 2nd quarter worth approximately $141,000. Bollard Group LLC boosted its position in Deutsche Bank by 39.4% during the 2nd quarter. Bollard Group LLC now owns 15,200 shares of the bank’s stock worth $161,000 after buying an additional 4,300 shares during the period. Finally, BlackRock Inc. boosted its position in Deutsche Bank by 3,809.3% during the 1st quarter. BlackRock Inc. now owns 11,728 shares of the bank’s stock worth $164,000 after buying an additional 11,428 shares during the period. 22.81% of the stock is currently owned by hedge funds and other institutional investors.

A number of research analysts have recently issued reports on the stock. equinet restated a “buy” rating on shares of Deutsche Bank in a research report on Wednesday, October 24th. Zacks Investment Research upgraded shares of Deutsche Bank from a “sell” rating to a “hold” rating in a research report on Friday, August 24th. Goldman Sachs Group restated a “hold” rating on shares of Deutsche Bank in a research report on Tuesday, October 23rd. Credit Suisse Group restated a “hold” rating on shares of Deutsche Bank in a research report on Wednesday, October 17th. Finally, Commerzbank restated a “hold” rating on shares of Deutsche Bank in a research report on Wednesday, October 24th. Nine equities research analysts have rated the stock with a sell rating and nine have given a hold rating to the stock. Deutsche Bank currently has a consensus rating of “Hold” and an average price target of $11.00.

Shares of NYSE DB opened at $9.39 on Tuesday. The company has a market capitalization of $18.93 billion, a PE ratio of -15.65 and a beta of 1.35. Deutsche Bank AG has a 52-week low of $9.10 and a 52-week high of $20.23. The company has a debt-to-equity ratio of 2.28, a quick ratio of 0.77 and a current ratio of 0.77.

Deutsche Bank (NYSE:DB) last released its quarterly earnings data on Wednesday, October 24th. The bank reported $0.12 earnings per share for the quarter. The company had revenue of $7.18 billion during the quarter. Deutsche Bank had a negative net margin of 4.51% and a negative return on equity of 2.50%. On average, equities research analysts expect that Deutsche Bank AG will post 0.36 EPS for the current year.

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About Deutsche Bank

Deutsche Bank Aktiengesellschaft provides investment, financial, and related products and services to private individuals, corporate entities, and institutional clients worldwide. It operates through three segments: Corporate & Investment Bank (CIB), Private & Commercial Bank (PCB), and Deutsche Asset Management.

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Institutional Ownership by Quarter for Deutsche Bank (NYSE:DB)

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