J. Safra Sarasin Holding AG Buys New Shares in Deutsche Bank Aktiengesellschaft $DB

by · The Markets Daily

J. Safra Sarasin Holding AG purchased a new position in Deutsche Bank Aktiengesellschaft (NYSE:DB – Free Report) in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 82,789 shares of the bank’s stock, valued at approximately $2,396,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Triumph Capital Management bought a new stake in shares of Deutsche Bank Aktiengesellschaft in the 3rd quarter valued at about $32,000. Geneos Wealth Management Inc. increased its stake in Deutsche Bank Aktiengesellschaft by 178.0% in 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 period. Advisory Services Network LLC bought a new stake in Deutsche Bank Aktiengesellschaft in the third quarter valued at approximately $59,000. GHP Investment Advisors Inc. bought a new position in shares of Deutsche Bank Aktiengesellschaft in the first quarter worth approximately $64,000. Finally, Advocate Investing Services LLC purchased a new position in shares of Deutsche Bank Aktiengesellschaft in the fourth quarter worth $93,000. 27.90% of the stock is owned by institutional investors.

Deutsche Bank Aktiengesellschaft Trading Down 1.4%

DB opened at $35.26 on Tuesday. The company has a quick ratio of 0.74, a current ratio of 0.74 and a debt-to-equity ratio of 1.40. Deutsche Bank Aktiengesellschaft has a 52 week low of $28.12 and a 52 week high of $40.43. The stock has a market cap of $68.39 billion, a PE ratio of 9.71, a PEG ratio of 0.49 and a beta of 0.94. The business has a 50 day moving average of $33.31 and a 200-day moving average of $34.25.

Deutsche Bank Aktiengesellschaft (NYSE:DB – Get Free Report) last posted its quarterly earnings data on Wednesday, April 29th. The bank reported $1.24 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.15 by $0.09. Deutsche Bank Aktiengesellschaft had a return on equity of 7.69% and a net margin of 10.43%.The business had revenue of $10.04 billion during the quarter, compared to the consensus estimate of $9.85 billion. Equities research analysts predict that Deutsche Bank Aktiengesellschaft will post 3.91 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

DB has been the topic of a number of recent analyst reports. Barclays lowered shares of Deutsche Bank Aktiengesellschaft from an “overweight” rating to an “equal weight” rating in a report on Monday, April 20th. Bank of America set a $43.00 price target on Deutsche Bank Aktiengesellschaft in a report on Tuesday, July 7th. Weiss Ratings lowered Deutsche Bank Aktiengesellschaft from a “buy (b)” rating to a “buy (b-)” rating in a research report on Wednesday, May 6th. Morgan Stanley restated an “overweight” rating on shares of Deutsche Bank Aktiengesellschaft in a report on Thursday, July 2nd. Finally, Oddo Bhf upgraded shares of Deutsche Bank Aktiengesellschaft to an “outperform” rating in a report on Friday, May 8th. Four equities research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. Based on data from MarketBeat, Deutsche Bank Aktiengesellschaft currently has a consensus rating of “Hold” and an average target price of $43.00.

Get Our Latest Report on DB

Deutsche Bank Aktiengesellschaft Profile

(Free Report)

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.

See Also

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