The Goldman Sachs Group Upgrades Deutsche Bank Aktiengesellschaft (NYSE:DB) to “Strong-Buy”

Deutsche Bank Aktiengesellschaft (NYSE:DB) was upgraded by investment analysts at The Goldman Sachs Group to a “strong-buy” rating in a note issued to investors on Thursday,Zacks.com reports.

Separately, StockNews.com raised shares of Deutsche Bank Aktiengesellschaft from a “hold” rating to a “buy” rating in a report on Tuesday. One analyst has rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Buy”.

Deutsche Bank Aktiengesellschaft Stock Down 1.1 %

Deutsche Bank Aktiengesellschaft stock opened at $19.53 on Thursday. The company has a debt-to-equity ratio of 1.47, a quick ratio of 0.78 and a current ratio of 0.78. Deutsche Bank Aktiengesellschaft has a fifty-two week low of $12.43 and a fifty-two week high of $20.45. The company has a market cap of $38.89 billion, a PE ratio of 10.01 and a beta of 1.20. The business’s 50-day simple moving average is $17.90 and its two-hundred day simple moving average is $16.95.

Deutsche Bank Aktiengesellschaft (NYSE:DB) last posted its quarterly earnings results on Thursday, January 30th. The bank reported $0.16 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.27). Deutsche Bank Aktiengesellschaft had a return on equity of 5.35% and a net margin of 6.40%. Equities analysts anticipate that Deutsche Bank Aktiengesellschaft will post 2.46 EPS for the current year.

Institutional Investors Weigh In On Deutsche Bank Aktiengesellschaft

Large investors have recently bought and sold shares of the company. Venturi Wealth Management LLC increased its position in shares of Deutsche Bank Aktiengesellschaft by 1.6% during the fourth quarter. Venturi Wealth Management LLC now owns 32,990 shares of the bank’s stock worth $562,000 after purchasing an additional 513 shares in the last quarter. Truist Financial Corp boosted its stake in Deutsche Bank Aktiengesellschaft by 4.8% during the 4th quarter. Truist Financial Corp now owns 13,801 shares of the bank’s stock worth $235,000 after purchasing an additional 636 shares during the last quarter. Bleakley Financial Group LLC grew its holdings in shares of Deutsche Bank Aktiengesellschaft by 9.3% during the fourth quarter. Bleakley Financial Group LLC now owns 11,607 shares of the bank’s stock worth $198,000 after buying an additional 990 shares in the last quarter. Park Avenue Securities LLC raised its position in shares of Deutsche Bank Aktiengesellschaft by 5.1% in the fourth quarter. Park Avenue Securities LLC now owns 23,083 shares of the bank’s stock valued at $394,000 after buying an additional 1,113 shares during the last quarter. Finally, Versant Capital Management Inc purchased a new position in shares of Deutsche Bank Aktiengesellschaft in the fourth quarter worth about $26,000. 27.90% of the stock is currently owned by hedge funds and other institutional investors.

Deutsche Bank Aktiengesellschaft Company Profile

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.