Highland Capital Management LLC Sells 27,750 Shares of Deutsche Bank Aktiengesellschaft $DB

Highland Capital Management LLC lowered its stake in Deutsche Bank Aktiengesellschaft (NYSE:DB) by 50.7% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 26,980 shares of the bank’s stock after selling 27,750 shares during the quarter. Highland Capital Management LLC’s holdings in Deutsche Bank Aktiengesellschaft were worth $955,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in DB. Opal Wealth Advisors LLC bought a new stake in Deutsche Bank Aktiengesellschaft in the 2nd quarter valued at $25,000. Geneos Wealth Management Inc. raised its stake in shares of Deutsche Bank Aktiengesellschaft by 178.0% in the 2nd quarter. Geneos Wealth Management Inc. now owns 1,376 shares of the bank’s stock valued at $40,000 after purchasing an additional 881 shares during the period. MAI Capital Management lifted its holdings in shares of Deutsche Bank Aktiengesellschaft by 385.1% in the second quarter. MAI Capital Management now owns 1,824 shares of the bank’s stock valued at $53,000 after purchasing an additional 1,448 shares in the last quarter. Allworth Financial LP boosted its position in shares of Deutsche Bank Aktiengesellschaft by 54.0% during 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 during the period. Finally, Farther Finance Advisors LLC grew its holdings in shares of Deutsche Bank Aktiengesellschaft by 46.5% during the second quarter. Farther Finance Advisors LLC now owns 2,387 shares of the bank’s stock worth $70,000 after buying an additional 758 shares in the last quarter. Institutional investors own 27.90% of the company’s stock.

Deutsche Bank Aktiengesellschaft Stock Performance

Shares of DB stock opened at $39.64 on Friday. The company has a fifty day moving average price of $36.27 and a two-hundred day moving average price of $34.36. Deutsche Bank Aktiengesellschaft has a one year low of $16.97 and a one year high of $39.78. The stock has a market cap of $78.97 billion, a P/E ratio of 14.63, a P/E/G ratio of 0.42 and a beta of 0.95. The company has a debt-to-equity ratio of 1.40, a current ratio of 0.78 and a quick ratio of 0.78.

Deutsche Bank Aktiengesellschaft (NYSE:DB) last released its quarterly earnings data on Wednesday, October 29th. The bank reported $0.97 earnings per share for the quarter, topping the consensus estimate of $0.81 by $0.16. Deutsche Bank Aktiengesellschaft had a net margin of 7.99% and a return on equity of 5.97%. The company had revenue of $9.44 billion for the quarter, compared to analyst estimates of $7.75 billion. As a group, equities analysts predict that Deutsche Bank Aktiengesellschaft will post 2.93 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on DB shares. Barclays upgraded Deutsche Bank Aktiengesellschaft to a “strong-buy” rating in a research note on Friday, October 10th. Wall Street Zen raised shares of Deutsche Bank Aktiengesellschaft from a “hold” rating to a “buy” rating in a research report on Saturday, December 20th. Morgan Stanley reaffirmed an “overweight” rating on shares of Deutsche Bank Aktiengesellschaft in a research report on Monday, November 24th. Jefferies Financial Group began coverage on shares of Deutsche Bank Aktiengesellschaft in a research report on Monday, October 20th. They set a “hold” rating on the stock. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Deutsche Bank Aktiengesellschaft in a research note on Wednesday, October 8th. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, five have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold”.

About Deutsche Bank Aktiengesellschaft

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.