Myriad Asset Management US LP Takes $765,000 Position in Deutsche Bank Aktiengesellschaft $DB

Myriad Asset Management US LP purchased a new stake in shares of Deutsche Bank Aktiengesellschaft (NYSE:DB) during the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 21,607 shares of the bank’s stock, valued at approximately $765,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. AQR Capital Management LLC boosted its stake in shares of Deutsche Bank Aktiengesellschaft by 15.9% during the 1st quarter. AQR Capital Management LLC now owns 126,101 shares of the bank’s stock worth $3,005,000 after acquiring an additional 17,262 shares in the last quarter. Focus Partners Wealth acquired a new stake in Deutsche Bank Aktiengesellschaft in the 1st quarter valued at $795,000. Sivia Capital Partners LLC purchased a new stake in Deutsche Bank Aktiengesellschaft in the 2nd quarter worth $413,000. Wealth Enhancement Advisory Services LLC grew its position in shares of Deutsche Bank Aktiengesellschaft by 74.9% in the second quarter. Wealth Enhancement Advisory Services LLC now owns 41,559 shares of the bank’s stock valued at $1,216,000 after purchasing an additional 17,796 shares during the period. Finally, Farther Finance Advisors LLC lifted its stake in Deutsche Bank Aktiengesellschaft by 46.5% in the 2nd quarter. Farther Finance Advisors LLC now owns 2,387 shares of the bank’s stock valued at $70,000 after buying an additional 758 shares in the last quarter. 27.90% of the stock is owned by institutional investors and hedge funds.

Deutsche Bank Aktiengesellschaft Trading Up 3.3%

Shares of NYSE DB opened at $39.13 on Friday. The company has a current ratio of 0.78, a quick ratio of 0.78 and a debt-to-equity ratio of 1.40. The stock has a market capitalization of $75.48 billion, a PE ratio of 14.44, a PEG ratio of 0.35 and a beta of 0.96. The stock has a fifty day simple moving average of $37.49 and a 200-day simple moving average of $35.67. Deutsche Bank Aktiengesellschaft has a twelve month low of $18.56 and a twelve month high of $39.82.

Deutsche Bank Aktiengesellschaft (NYSE:DB) last posted its quarterly earnings results on Wednesday, October 29th. The bank reported $0.97 EPS 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 business had revenue of $9.44 billion during the quarter, compared to the consensus estimate of $7.75 billion. On average, equities analysts forecast that Deutsche Bank Aktiengesellschaft will post 2.93 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on DB shares. Jefferies Financial Group started coverage on Deutsche Bank Aktiengesellschaft in a research note on Monday, October 20th. They issued a “hold” rating for the company. Morgan Stanley reaffirmed an “overweight” rating on shares of Deutsche Bank Aktiengesellschaft in a research note on Thursday, January 8th. Zacks Research lowered shares of Deutsche Bank Aktiengesellschaft from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, December 30th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Deutsche Bank Aktiengesellschaft in a report on Wednesday. Finally, Citigroup reiterated a “sell” rating on shares of Deutsche Bank Aktiengesellschaft in a research report on Thursday. One research 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 assigned a Sell rating to the stock. According to MarketBeat.com, Deutsche Bank Aktiengesellschaft presently 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.