Ritholtz Wealth Management Has $2.54 Million Position in Deutsche Bank Aktiengesellschaft (NYSE:DB)

Ritholtz Wealth Management raised its holdings in shares of Deutsche Bank Aktiengesellschaft (NYSE:DB) by 7.3% in the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 146,628 shares of the bank’s stock after acquiring an additional 10,038 shares during the period. Ritholtz Wealth Management’s holdings in Deutsche Bank Aktiengesellschaft were worth $2,538,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Capital International Investors boosted its stake in Deutsche Bank Aktiengesellschaft by 163.4% during the 1st quarter. Capital International Investors now owns 48,638,662 shares of the bank’s stock worth $765,173,000 after acquiring an additional 30,173,405 shares during the last quarter. Legal & General Group Plc raised its holdings in Deutsche Bank Aktiengesellschaft by 8,267.7% in the second quarter. Legal & General Group Plc now owns 20,181,236 shares of the bank’s stock worth $322,438,000 after purchasing an additional 19,940,056 shares during the period. Acadian Asset Management LLC boosted its position in shares of Deutsche Bank Aktiengesellschaft by 81.9% during the first quarter. Acadian Asset Management LLC now owns 16,069,955 shares of the bank’s stock worth $253,048,000 after purchasing an additional 7,237,525 shares in the last quarter. Capital International Inc. CA grew its holdings in shares of Deutsche Bank Aktiengesellschaft by 414.1% in the 1st quarter. Capital International Inc. CA now owns 7,371,601 shares of the bank’s stock valued at $115,971,000 after buying an additional 5,937,749 shares during the period. Finally, Marshall Wace LLP increased its position in shares of Deutsche Bank Aktiengesellschaft by 102.7% in the 2nd quarter. Marshall Wace LLP now owns 4,778,014 shares of the bank’s stock valued at $76,353,000 after buying an additional 2,420,905 shares in the last quarter. 27.90% of the stock is currently owned by institutional investors.

Deutsche Bank Aktiengesellschaft Stock Performance

NYSE DB opened at $17.77 on Friday. The firm has a market capitalization of $36.17 billion, a P/E ratio of 10.64 and a beta of 1.21. The company has a current ratio of 0.78, a quick ratio of 0.78 and a debt-to-equity ratio of 1.43. The firm’s fifty day moving average price is $16.21 and its two-hundred day moving average price is $16.28. Deutsche Bank Aktiengesellschaft has a 1 year low of $10.00 and a 1 year high of $17.95.

Deutsche Bank Aktiengesellschaft (NYSE:DB) last issued its earnings results on Wednesday, July 24th. The bank reported ($0.41) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.49 by ($0.90). Deutsche Bank Aktiengesellschaft had a net margin of 5.58% and a return on equity of 4.63%. The firm had revenue of $7.87 billion during the quarter, compared to analyst estimates of $8.18 billion.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the company. StockNews.com raised Deutsche Bank Aktiengesellschaft from a “hold” rating to a “buy” rating in a research note on Monday, October 7th. Barclays upgraded Deutsche Bank Aktiengesellschaft from an “equal weight” rating to an “overweight” rating in a report on Tuesday, September 3rd. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy”.

About Deutsche Bank Aktiengesellschaft

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.