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

Shares of Deutsche Bank Aktiengesellschaft (NYSE:DB) have been given an average recommendation of “Hold” by the eleven ratings firms that are presently covering the company, MarketBeat reports. Six equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company.

A number of brokerages have recently issued reports on DB. Citigroup upgraded Deutsche Bank Aktiengesellschaft from a “sell” rating to a “hold” rating in a research report on Thursday, April 9th. Oddo Bhf upgraded Deutsche Bank Aktiengesellschaft to an “outperform” rating in a report on Friday, May 8th. Wall Street Zen upgraded Deutsche Bank Aktiengesellschaft from a “hold” rating to a “buy” rating in a report on Saturday, May 16th. Weiss Ratings lowered Deutsche Bank Aktiengesellschaft from a “buy (b)” rating to a “buy (b-)” rating in a report on Wednesday, May 6th. Finally, Barclays lowered Deutsche Bank Aktiengesellschaft from an “overweight” rating to an “equal weight” rating in a report on Monday, April 20th.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its holdings in Deutsche Bank Aktiengesellschaft by 1.3% in the 4th quarter. Vanguard Group Inc. now owns 80,119,806 shares of the bank’s stock valued at $3,087,737,000 after purchasing an additional 1,051,072 shares in the last quarter. Amundi raised its holdings in shares of Deutsche Bank Aktiengesellschaft by 11.4% during the 1st quarter. Amundi now owns 60,059,707 shares of the bank’s stock worth $1,788,578,000 after acquiring an additional 6,139,611 shares during the period. Fisher Asset Management LLC raised its holdings in shares of Deutsche Bank Aktiengesellschaft by 3.7% during the 4th quarter. Fisher Asset Management LLC now owns 27,398,661 shares of the bank’s stock worth $1,056,492,000 after acquiring an additional 966,655 shares during the period. Bank of America Corp DE raised its holdings in shares of Deutsche Bank Aktiengesellschaft by 83.1% during the 1st quarter. Bank of America Corp DE now owns 21,420,171 shares of the bank’s stock worth $637,893,000 after acquiring an additional 9,719,181 shares during the period. Finally, DekaBank Deutsche Girozentrale raised its holdings in shares of Deutsche Bank Aktiengesellschaft by 5.4% during the 1st quarter. DekaBank Deutsche Girozentrale now owns 18,743,906 shares of the bank’s stock worth $600,821,000 after acquiring an additional 957,307 shares during the period. Hedge funds and other institutional investors own 27.90% of the company’s stock.

Deutsche Bank Aktiengesellschaft Trading Up 0.5%

Shares of NYSE:DB opened at $32.35 on Wednesday. Deutsche Bank Aktiengesellschaft has a 1 year low of $27.13 and a 1 year high of $40.43. The firm has a market capitalization of $62.75 billion, a price-to-earnings ratio of 8.91, a price-to-earnings-growth ratio of 0.43 and a beta of 0.93. The company has a debt-to-equity ratio of 1.40, a current ratio of 0.74 and a quick ratio of 0.74. The business’s 50 day moving average price is $31.48 and its 200-day moving average price is $34.74.

Deutsche Bank Aktiengesellschaft (NYSE:DB) last announced its earnings results on Wednesday, April 29th. The bank reported $1.24 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.15 by $0.09. Deutsche Bank Aktiengesellschaft had a return on equity of 7.69% and a net margin of 10.43%.The firm had revenue of $10.04 billion for the quarter, compared to analyst estimates of $9.85 billion. On average, equities research analysts forecast that Deutsche Bank Aktiengesellschaft will post 4.02 earnings per share for the current fiscal year.

Deutsche Bank Aktiengesellschaft Company Profile

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.