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

Deutsche Bank Aktiengesellschaft (NYSE:DB)’s stock price hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $24.80 and last traded at $24.74, with a volume of 593818 shares traded. The stock had previously closed at $23.95.

Analysts Set New Price Targets

A number of analysts recently issued reports on the company. Citigroup reissued a “neutral” rating on shares of Deutsche Bank Aktiengesellschaft in a research report on Monday, February 3rd. The Goldman Sachs Group upgraded Deutsche Bank Aktiengesellschaft to a “strong-buy” rating in a report on Thursday, January 30th. Morgan Stanley reiterated an “overweight” rating on shares of Deutsche Bank Aktiengesellschaft in a research note on Friday, March 7th. StockNews.com raised shares of Deutsche Bank Aktiengesellschaft from a “hold” rating to a “buy” rating in a research report on Wednesday, February 5th. Finally, Barclays reissued an “overweight” rating on shares of Deutsche Bank Aktiengesellschaft in a research report on Monday, February 3rd. One research analyst has rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Buy”.

Deutsche Bank Aktiengesellschaft Price Performance

The company has a quick ratio of 0.78, a current ratio of 0.74 and a debt-to-equity ratio of 1.45. The company has a market capitalization of $49.33 billion, a P/E ratio of 17.82 and a beta of 1.23. The company’s 50-day simple moving average is $20.66 and its 200 day simple moving average is $18.31.

Deutsche Bank Aktiengesellschaft (NYSE:DB) last released its quarterly earnings results 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 net margin of 4.66% and a return on equity of 3.90%. As a group, sell-side analysts expect that Deutsche Bank Aktiengesellschaft will post 2.93 earnings per share for the current fiscal year.

Deutsche Bank Aktiengesellschaft Increases Dividend

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

Hedge Funds Weigh In On Deutsche Bank Aktiengesellschaft

A number of institutional investors have recently modified their holdings of the company. Natixis Advisors LLC boosted its position in shares of Deutsche Bank Aktiengesellschaft by 2.0% in the third quarter. Natixis Advisors LLC now owns 354,479 shares of the bank’s stock valued at $6,136,000 after acquiring an additional 7,062 shares during the period. Caprock Group LLC lifted its position in shares of Deutsche Bank Aktiengesellschaft by 10.1% during the 3rd quarter. Caprock Group LLC now owns 22,369 shares of the bank’s stock worth $387,000 after buying an additional 2,056 shares during the period. Charles Schwab Investment Management Inc. lifted its position in shares of Deutsche Bank Aktiengesellschaft by 16.6% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 143,505 shares of the bank’s stock worth $2,484,000 after buying an additional 20,478 shares during the period. Cerity Partners LLC lifted its position in shares of Deutsche Bank Aktiengesellschaft by 77.2% during the 3rd quarter. Cerity Partners LLC now owns 98,381 shares of the bank’s stock worth $1,703,000 after buying an additional 42,860 shares during the period. Finally, FMR LLC grew its position in Deutsche Bank Aktiengesellschaft by 13.7% during the 3rd quarter. FMR LLC now owns 1,647,327 shares of the bank’s stock worth $28,419,000 after acquiring an additional 198,404 shares during the last quarter. Institutional investors own 27.90% of the company’s stock.

About Deutsche Bank Aktiengesellschaft

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.