Deutsche Bank Aktiengesellschaft (NYSE:DB) Given Average Rating of “Hold” by Analysts

Shares of Deutsche Bank Aktiengesellschaft (NYSE:DB) have received a consensus recommendation of “Hold” from the five ratings firms that are presently covering the company, Marketbeat reports. Four research analysts have rated the stock with a hold rating and one has given a buy rating to the company.

DB has been the subject of a number of research analyst reports. Citigroup downgraded Deutsche Bank Aktiengesellschaft from a “buy” rating to a “neutral” rating in a report on Wednesday, January 31st. StockNews.com upgraded Deutsche Bank Aktiengesellschaft from a “hold” rating to a “buy” rating in a research note on Monday, March 18th. Erste Group Bank raised shares of Deutsche Bank Aktiengesellschaft from a “sell” rating to a “hold” rating in a report on Wednesday, March 13th. Finally, Morgan Stanley upgraded shares of Deutsche Bank Aktiengesellschaft from an “equal weight” rating to an “overweight” rating in a research report on Wednesday, March 27th.

Hedge Funds Weigh In On Deutsche Bank Aktiengesellschaft

Several hedge funds and other institutional investors have recently bought and sold shares of DB. Norges Bank acquired a new position in Deutsche Bank Aktiengesellschaft in the fourth quarter worth $326,093,000. Deutsche Bank AG increased its holdings in shares of Deutsche Bank Aktiengesellschaft by 64.0% during the third quarter. Deutsche Bank AG now owns 53,995,538 shares of the bank’s stock valued at $593,411,000 after purchasing an additional 21,080,301 shares during the period. Capital International Investors bought a new stake in shares of Deutsche Bank Aktiengesellschaft during the 4th quarter worth about $252,028,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main lifted its position in Deutsche Bank Aktiengesellschaft by 30.8% in the fourth quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 13,559,579 shares of the bank’s stock worth $185,233,000 after purchasing an additional 3,196,091 shares during the period. Finally, Vanguard Group Inc. lifted its holdings in shares of Deutsche Bank Aktiengesellschaft by 1.4% in the third quarter. Vanguard Group Inc. now owns 77,480,209 shares of the bank’s stock valued at $851,507,000 after buying an additional 1,073,195 shares during the period. 27.90% of the stock is owned by institutional investors and hedge funds.

Deutsche Bank Aktiengesellschaft Stock Performance

Deutsche Bank Aktiengesellschaft stock opened at $16.50 on Friday. The firm has a 50 day simple moving average of $14.73 and a 200-day simple moving average of $13.20. The company has a debt-to-equity ratio of 1.56, a current ratio of 1.14 and a quick ratio of 1.14. The stock has a market cap of $34.10 billion, a price-to-earnings ratio of 7.53, a price-to-earnings-growth ratio of 0.90 and a beta of 1.32. Deutsche Bank Aktiengesellschaft has a 1-year low of $9.82 and a 1-year high of $16.50.

Deutsche Bank Aktiengesellschaft (NYSE:DB) last announced its earnings results on Friday, February 2nd. The bank reported $0.72 EPS for the quarter, beating analysts’ consensus estimates of $0.37 by $0.35. The company had revenue of $5.81 billion during the quarter, compared to analysts’ expectations of $7.46 billion. Deutsche Bank Aktiengesellschaft had a return on equity of 5.37% and a net margin of 6.86%. On average, analysts expect that Deutsche Bank Aktiengesellschaft will post 2.22 EPS for the current year.

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.