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 report issued on Wednesday morning.

Separately, Barclays upgraded Deutsche Bank Aktiengesellschaft from an “equal weight” rating to an “overweight” rating in a research note on Tuesday, September 3rd. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy”.

Deutsche Bank Aktiengesellschaft Stock Performance

Shares of DB stock opened at $17.18 on Wednesday. The company has a current ratio of 0.78, a quick ratio of 0.78 and a debt-to-equity ratio of 1.47. Deutsche Bank Aktiengesellschaft has a 52 week low of $12.43 and a 52 week high of $18.07. The company’s fifty day simple moving average is $17.19 and its 200-day simple moving average is $16.51. The company has a market cap of $35.51 billion, a PE ratio of 8.81 and a beta of 1.21.

Institutional Trading of Deutsche Bank Aktiengesellschaft

Hedge funds have recently modified their holdings of the company. Legal & General Group Plc grew its stake in shares of Deutsche Bank Aktiengesellschaft by 8,267.7% during the second quarter. Legal & General Group Plc now owns 20,181,236 shares of the bank’s stock worth $322,438,000 after purchasing an additional 19,940,056 shares during the period. Commerzbank Aktiengesellschaft FI raised its stake in shares of Deutsche Bank Aktiengesellschaft by 31,975.7% during the 3rd quarter. Commerzbank Aktiengesellschaft FI now owns 5,259,492 shares of the bank’s stock worth $91,042,000 after purchasing an additional 5,275,992 shares in the last quarter. Marshall Wace LLP grew its position in shares of Deutsche Bank Aktiengesellschaft by 102.7% in the 2nd quarter. Marshall Wace LLP now owns 4,778,014 shares of the bank’s stock valued at $76,353,000 after acquiring an additional 2,420,905 shares during the period. Wellington Management Group LLP boosted its stake in shares of Deutsche Bank Aktiengesellschaft by 332.0% during the 3rd quarter. Wellington Management Group LLP now owns 2,194,855 shares of the bank’s stock worth $37,964,000 after acquiring an additional 1,686,776 shares during the period. Finally, Public Employees Retirement System of Ohio acquired a new stake in shares of Deutsche Bank Aktiengesellschaft during the 3rd quarter worth about $28,515,000. Institutional investors and hedge funds own 27.90% of the company’s stock.

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.