Wall Street Zen Downgrades Deutsche Bank Aktiengesellschaft (NYSE:DB) to Hold

Deutsche Bank Aktiengesellschaft (NYSE:DB) was downgraded by analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a research note issued to investors on Saturday.

Several other equities research analysts have also issued reports on DB. Citigroup raised Deutsche Bank Aktiengesellschaft from a “sell” rating to a “hold” rating in a research note on Thursday, April 9th. Barclays lowered Deutsche Bank Aktiengesellschaft from an “overweight” rating to an “equal weight” rating in a research note on Monday, April 20th. Weiss Ratings lowered Deutsche Bank Aktiengesellschaft from a “buy (b)” rating to a “buy (b-)” rating in a research note on Wednesday, May 6th. Finally, Oddo Bhf raised Deutsche Bank Aktiengesellschaft to an “outperform” rating in a research note on Friday, May 8th. Five equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold”.

Deutsche Bank Aktiengesellschaft Price Performance

NYSE:DB opened at $31.54 on Friday. The firm has a market capitalization of $61.19 billion, a price-to-earnings ratio of 8.69, a P/E/G ratio of 0.43 and a beta of 0.93. Deutsche Bank Aktiengesellschaft has a 52-week low of $27.13 and a 52-week high of $40.43. The stock has a fifty day moving average of $31.71 and a 200 day moving average of $34.60. The company has a debt-to-equity ratio of 1.40, a quick ratio of 0.74 and a current ratio of 0.74.

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

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. Triumph Capital Management purchased a new position in Deutsche Bank Aktiengesellschaft during the 3rd quarter valued at about $32,000. Cary Street Partners Investment Advisory LLC grew its holdings in shares of Deutsche Bank Aktiengesellschaft by 61.8% during the 3rd quarter. Cary Street Partners Investment Advisory LLC now owns 1,081 shares of the bank’s stock worth $38,000 after acquiring an additional 413 shares during the period. Geneos Wealth Management Inc. grew its holdings in shares of Deutsche Bank Aktiengesellschaft by 178.0% during the 2nd quarter. Geneos Wealth Management Inc. now owns 1,376 shares of the bank’s stock worth $40,000 after acquiring an additional 881 shares during the period. Advisory Services Network LLC purchased a new position in shares of Deutsche Bank Aktiengesellschaft during the 3rd quarter worth approximately $59,000. Finally, GHP Investment Advisors Inc. purchased a new position in shares of Deutsche Bank Aktiengesellschaft during the 1st quarter worth approximately $64,000. Hedge funds and other institutional investors own 27.90% of the company’s stock.

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.