Deutsche Bank Aktiengesellschaft (NYSE:DB) Raised to Buy at StockNews.com

StockNews.com upgraded shares of Deutsche Bank Aktiengesellschaft (NYSE:DB) from a hold rating to a buy rating in a research note issued to investors on Tuesday.

Deutsche Bank Aktiengesellschaft Stock Performance

Shares of Deutsche Bank Aktiengesellschaft stock opened at $19.75 on Tuesday. Deutsche Bank Aktiengesellschaft has a one year low of $12.43 and a one year high of $20.45. The firm has a market capitalization of $39.33 billion, a price-to-earnings ratio of 10.13 and a beta of 1.20. The business has a 50-day simple moving average of $17.83 and a 200 day simple moving average of $16.93. The company has a debt-to-equity ratio of 1.47, a current ratio of 0.78 and a quick ratio of 0.78.

Deutsche Bank Aktiengesellschaft (NYSE:DB) last issued its quarterly earnings data on Thursday, January 30th. The bank reported $0.16 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%. On average, research analysts anticipate that Deutsche Bank Aktiengesellschaft will post 2.46 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Deutsche Bank Aktiengesellschaft

Several institutional investors have recently modified their holdings of the business. Bleakley Financial Group LLC grew its holdings in shares of Deutsche Bank Aktiengesellschaft by 9.3% in the fourth quarter. Bleakley Financial Group LLC now owns 11,607 shares of the bank’s stock valued at $198,000 after acquiring an additional 990 shares in the last quarter. Park Avenue Securities LLC lifted its stake in 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 purchasing an additional 1,113 shares during the last quarter. Versant Capital Management Inc purchased a new position in Deutsche Bank Aktiengesellschaft in the fourth quarter valued at approximately $26,000. US Bancorp DE lifted its stake in Deutsche Bank Aktiengesellschaft by 3.5% in the third quarter. US Bancorp DE now owns 46,587 shares of the bank’s stock valued at $806,000 after purchasing an additional 1,590 shares during the last quarter. Finally, Atomi Financial Group Inc. lifted its stake in Deutsche Bank Aktiengesellschaft by 9.7% in the fourth quarter. Atomi Financial Group Inc. now owns 19,810 shares of the bank’s stock valued at $338,000 after purchasing an additional 1,749 shares during the last quarter. 27.90% of the stock is owned by 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.