Deutsche Bank Aktiengesellschaft (NYSE:DB) Given Average Recommendation of “Buy” by Brokerages

Shares of Deutsche Bank Aktiengesellschaft (NYSE:DB) have been assigned an average recommendation of “Buy” from the five brokerages that are currently covering the company, Marketbeat reports. One investment analyst has rated the stock with a hold recommendation, three have assigned a buy recommendation and one has issued a strong buy recommendation on the company.

DB has been the topic of several research analyst reports. Royal Bank of Canada reaffirmed an “outperform” rating on shares of Deutsche Bank Aktiengesellschaft in a report on Monday, March 24th. Citigroup reaffirmed a “neutral” rating on shares of Deutsche Bank Aktiengesellschaft in a report on Monday, February 3rd. StockNews.com raised Deutsche Bank Aktiengesellschaft from a “hold” rating to a “buy” rating in a report on Wednesday, February 5th. Morgan Stanley reaffirmed an “overweight” rating on shares of Deutsche Bank Aktiengesellschaft in a research note on Friday, March 7th. Finally, Barclays reissued an “overweight” rating on shares of Deutsche Bank Aktiengesellschaft in a research note on Monday, February 3rd.

Institutional Investors Weigh In On Deutsche Bank Aktiengesellschaft

A number of institutional investors have recently made changes to their positions in the business. Callan Family Office LLC bought a new position in shares of Deutsche Bank Aktiengesellschaft during the fourth quarter valued at about $1,320,000. Plato Investment Management Ltd increased its stake in Deutsche Bank Aktiengesellschaft by 53.7% in the 4th quarter. Plato Investment Management Ltd now owns 383,517 shares of the bank’s stock worth $6,632,000 after purchasing an additional 133,960 shares during the period. Bank of New York Mellon Corp lifted its position in Deutsche Bank Aktiengesellschaft by 2.9% in the fourth quarter. Bank of New York Mellon Corp now owns 3,132,515 shares of the bank’s stock valued at $53,409,000 after purchasing an additional 88,606 shares during the last quarter. Ritholtz Wealth Management boosted its stake in shares of Deutsche Bank Aktiengesellschaft by 10.9% during the fourth quarter. Ritholtz Wealth Management now owns 162,545 shares of the bank’s stock valued at $2,771,000 after purchasing an additional 15,917 shares during the period. Finally, Raymond James Financial Inc. bought a new position in shares of Deutsche Bank Aktiengesellschaft in the fourth quarter worth approximately $6,464,000. Hedge funds and other institutional investors own 27.90% of the company’s stock.

Deutsche Bank Aktiengesellschaft Stock Performance

NYSE:DB opened at $23.29 on Tuesday. Deutsche Bank Aktiengesellschaft has a 52-week low of $13.70 and a 52-week high of $25.33. The business’s fifty day moving average is $22.57 and its 200 day moving average is $19.42. The company has a debt-to-equity ratio of 1.45, a quick ratio of 0.78 and a current ratio of 0.74. The firm has a market cap of $46.39 billion, a price-to-earnings ratio of 16.76 and a beta of 1.03.

Deutsche Bank Aktiengesellschaft (NYSE:DB) last announced 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 3.90% and a net margin of 4.66%. Research analysts predict that Deutsche Bank Aktiengesellschaft will post 2.93 EPS for the current year.

Deutsche Bank Aktiengesellschaft Increases Dividend

The company also recently announced an annual dividend, which will be paid on Tuesday, May 27th. Shareholders of record on Monday, May 26th will be paid a $0.5122 dividend. The ex-dividend date of this dividend is Friday, May 23rd. This represents a yield of 1.7%. This is a positive change from Deutsche Bank Aktiengesellschaft’s previous annual dividend of $0.33. Deutsche Bank Aktiengesellschaft’s dividend payout ratio is currently 15.18%.

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.