Waterfront Wealth Inc. Sells 1,587 Shares of Deutsche Bank Aktiengesellschaft (NYSE:DB)

Waterfront Wealth Inc. cut its stake in Deutsche Bank Aktiengesellschaft (NYSE:DB) by 3.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 49,047 shares of the bank’s stock after selling 1,587 shares during the period. Waterfront Wealth Inc.’s holdings in Deutsche Bank Aktiengesellschaft were worth $665,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in DB. Vanguard Group Inc. increased its position in shares of Deutsche Bank Aktiengesellschaft by 1.4% during the third quarter. Vanguard Group Inc. now owns 77,480,209 shares of the bank’s stock worth $851,507,000 after buying an additional 1,073,195 shares during the period. Deutsche Bank AG grew its holdings in Deutsche Bank Aktiengesellschaft by 64.0% during the 3rd quarter. Deutsche Bank AG now owns 53,995,538 shares of the bank’s stock worth $593,411,000 after acquiring an additional 21,080,301 shares during the period. Norges Bank bought a new position in shares of Deutsche Bank Aktiengesellschaft in the 4th quarter worth about $514,620,000. Commerzbank Aktiengesellschaft FI lifted its stake in shares of Deutsche Bank Aktiengesellschaft by 21.4% in the 1st quarter. Commerzbank Aktiengesellschaft FI now owns 8,554,197 shares of the bank’s stock valued at $87,338,000 after purchasing an additional 1,507,885 shares during the period. Finally, Dimensional Fund Advisors LP boosted its position in shares of Deutsche Bank Aktiengesellschaft by 5.5% during the 1st quarter. Dimensional Fund Advisors LP now owns 6,281,641 shares of the bank’s stock valued at $79,463,000 after purchasing an additional 325,478 shares in the last quarter. Institutional investors and hedge funds own 27.90% of the company’s stock.

Deutsche Bank Aktiengesellschaft Price Performance

Shares of NYSE:DB remained flat at $15.67 during trading on Thursday. The stock had a trading volume of 933,156 shares, compared to its average volume of 3,326,031. Deutsche Bank Aktiengesellschaft has a one year low of $9.82 and a one year high of $16.33. The stock has a fifty day moving average price of $14.46 and a two-hundred day moving average price of $13.02. The company has a debt-to-equity ratio of 1.56, a quick ratio of 1.14 and a current ratio of 1.14. The stock has a market capitalization of $32.39 billion, a price-to-earnings ratio of 7.16, a price-to-earnings-growth ratio of 0.87 and a beta of 1.32.

Deutsche Bank Aktiengesellschaft (NYSE:DB) last released its quarterly earnings data on Friday, February 2nd. The bank reported $0.72 earnings per share for the quarter, topping the consensus estimate of $0.37 by $0.35. The firm had revenue of $5.81 billion for the quarter, compared to the consensus estimate of $7.46 billion. Deutsche Bank Aktiengesellschaft had a net margin of 6.86% and a return on equity of 5.37%. Sell-side analysts forecast that Deutsche Bank Aktiengesellschaft will post 2.22 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on DB shares. StockNews.com upgraded Deutsche Bank Aktiengesellschaft from a “hold” rating to a “buy” rating in a report on Monday, March 18th. Erste Group Bank upgraded shares of Deutsche Bank Aktiengesellschaft from a “sell” rating to a “hold” rating in a research report on Wednesday, March 13th. Citigroup cut shares of Deutsche Bank Aktiengesellschaft from a “buy” rating to a “neutral” rating in a report on Wednesday, January 31st. Finally, Morgan Stanley upgraded shares of Deutsche Bank Aktiengesellschaft from an “equal weight” rating to an “overweight” rating in a report on Wednesday, March 27th. Four analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold”.

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.