Deutsche Bank Aktiengesellschaft (NYSE:DB) Hits New 12-Month High – What’s Next?

Deutsche Bank Aktiengesellschaft (NYSE:DB) hit a new 52-week high on Wednesday . The stock traded as high as $41.62 and last traded at $41.0750, with a volume of 1233750 shares trading hands. The stock had previously closed at $41.33.

Analyst Ratings Changes

DB has been the topic of a number of recent research reports. Weiss Ratings raised Deutsche Bank Aktiengesellschaft from a “buy (b-)” rating to a “buy (b)” rating in a report on Wednesday, July 29th. The Goldman Sachs Group raised Deutsche Bank Aktiengesellschaft from a “neutral” rating to a “buy” rating in a report on Tuesday, September 1st. Bank of America set a $43.00 price target on shares of Deutsche Bank Aktiengesellschaft in a report on Tuesday, July 7th. Morgan Stanley restated an “overweight” rating on shares of Deutsche Bank Aktiengesellschaft in a research report on Wednesday, September 2nd. Finally, Zacks Research raised shares of Deutsche Bank Aktiengesellschaft from a “strong sell” rating to a “hold” rating in a research note on Thursday, August 27th. Five research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat.com, Deutsche Bank Aktiengesellschaft currently has an average rating of “Moderate Buy” and an average price target of $43.00.

Deutsche Bank Aktiengesellschaft Stock Down 0.6%

The company has a debt-to-equity ratio of 1.35, a current ratio of 0.72 and a quick ratio of 0.72. The company has a market cap of $79.69 billion, a PE ratio of 10.95, a price-to-earnings-growth ratio of 0.57 and a beta of 0.96. The company has a fifty day moving average price of $37.45 and a 200 day moving average price of $34.07.

Deutsche Bank Aktiengesellschaft (NYSE:DB) last posted its quarterly earnings data on Thursday, July 30th. The bank reported $0.66 earnings per share for the quarter, missing the consensus estimate of $0.91 by ($0.25). Deutsche Bank Aktiengesellschaft had a return on equity of 8.46% and a net margin of 11.53%.The company had revenue of $9.68 billion during the quarter, compared to the consensus estimate of $9.30 billion. As a group, analysts anticipate that Deutsche Bank Aktiengesellschaft will post 3.92 EPS for the current year.

Institutional Trading of Deutsche Bank Aktiengesellschaft

Several institutional investors and hedge funds have recently made changes to their positions in DB. West Family Investments Inc. bought a new stake in Deutsche Bank Aktiengesellschaft in the 2nd quarter worth approximately $239,000. Corient Private Wealth LP grew its position in Deutsche Bank Aktiengesellschaft by 6.5% during the second quarter. Corient Private Wealth LP now owns 30,854 shares of the bank’s stock valued at $1,042,000 after acquiring an additional 1,892 shares during the last quarter. Triumph Capital Management raised its stake in shares of Deutsche Bank Aktiengesellschaft by 4.8% during the second quarter. Triumph Capital Management now owns 8,673 shares of the bank’s stock worth $293,000 after acquiring an additional 399 shares in the last quarter. Rehmann Capital Advisory Group bought a new stake in shares of Deutsche Bank Aktiengesellschaft in the 2nd quarter worth approximately $265,000. Finally, Greenleaf Trust lifted its holdings in shares of Deutsche Bank Aktiengesellschaft by 6.2% in the 2nd quarter. Greenleaf Trust now owns 9,999 shares of the bank’s stock worth $338,000 after acquiring an additional 587 shares during the last quarter. Hedge funds and other institutional investors own 27.90% of the company’s stock.

Deutsche Bank Aktiengesellschaft Company Profile

Deutsche Bank Aktiengesellschaft is a Germany-based global financial services company headquartered in Frankfurt. Founded in 1870 in Berlin, the bank provides banking and investment services to corporations, institutions, governments, small and medium-sized businesses, and private clients across Europe and other international markets.

The company’s principal businesses include Corporate Bank, Investment Bank, Private Bank and Asset Management. Its services include transaction banking, cash management, trade finance, lending, investment banking, securities sales and trading, foreign exchange, research, wealth management, retail banking and private banking.