TB Alternative Assets Ltd. Buys Shares of 14,807 Deutsche Bank Aktiengesellschaft $DB

TB Alternative Assets Ltd. bought a new position in Deutsche Bank Aktiengesellschaft (NYSE:DB) in the 3rd quarter, according to its most recent filing with the SEC. The institutional investor bought 14,807 shares of the bank’s stock, valued at approximately $524,000.

Several other institutional investors have also recently made changes to their positions in the company. Opal Wealth Advisors LLC purchased a new stake in Deutsche Bank Aktiengesellschaft in the second quarter worth about $25,000. Geneos Wealth Management Inc. raised its holdings 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 in the last quarter. MAI Capital Management raised its holdings in shares of Deutsche Bank Aktiengesellschaft by 385.1% in the 2nd 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 lifted its position in shares of Deutsche Bank Aktiengesellschaft by 54.0% in the 2nd quarter. Allworth Financial LP now owns 2,143 shares of the bank’s stock worth $63,000 after purchasing an additional 751 shares during the period. Finally, Farther Finance Advisors LLC boosted its stake 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 valued at $70,000 after purchasing an additional 758 shares in the last quarter. Hedge funds and other institutional investors own 27.90% of the company’s stock.

Analyst Upgrades and Downgrades

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

Deutsche Bank Aktiengesellschaft Stock Up 0.3%

Deutsche Bank Aktiengesellschaft stock opened at $39.64 on Friday. Deutsche Bank Aktiengesellschaft has a 1-year low of $16.97 and a 1-year high of $39.78. The business has a fifty day moving average price of $36.27 and a 200-day moving average price of $34.36. The company has a debt-to-equity ratio of 1.40, a current ratio of 0.78 and a quick ratio of 0.78. The stock has a market capitalization of $78.97 billion, a price-to-earnings ratio of 14.63, a PEG ratio of 0.42 and a beta of 0.95.

Deutsche Bank Aktiengesellschaft (NYSE:DB) last released its quarterly earnings results on Wednesday, October 29th. The bank reported $0.97 EPS for the quarter, beating analysts’ consensus estimates of $0.81 by $0.16. The company had revenue of $9.44 billion during the quarter, compared to analysts’ expectations of $7.75 billion. Deutsche Bank Aktiengesellschaft had a return on equity of 5.97% and a net margin of 7.99%. Equities research analysts forecast that Deutsche Bank Aktiengesellschaft will post 2.93 EPS for the current fiscal 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.