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

Deutsche Bank Aktiengesellschaft (NYSE:DB) has received a consensus recommendation of “Hold” from the ten analysts that are currently covering the stock, MarketBeat reports. Six research analysts have rated the stock with a hold rating and four have issued a buy rating on the company.

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

Hedge Funds Weigh In On Deutsche Bank Aktiengesellschaft

Large investors have recently bought and sold shares of the company. Landesbank Baden Wuerttemberg increased its stake in Deutsche Bank Aktiengesellschaft by 7.9% in the 1st quarter. Landesbank Baden Wuerttemberg now owns 539,121 shares of the bank’s stock valued at $15,520,000 after buying an additional 39,493 shares during the last quarter. Bank of America Corp DE increased its stake in Deutsche Bank Aktiengesellschaft by 83.1% in the 1st quarter. Bank of America Corp DE now owns 21,420,171 shares of the bank’s stock valued at $637,893,000 after buying an additional 9,719,181 shares during the last quarter. Amundi increased its stake in Deutsche Bank Aktiengesellschaft by 11.4% in the 1st quarter. Amundi now owns 60,059,707 shares of the bank’s stock valued at $1,788,578,000 after buying an additional 6,139,611 shares during the last quarter. EverSource Wealth Advisors LLC increased its stake in Deutsche Bank Aktiengesellschaft by 39.0% in the 1st quarter. EverSource Wealth Advisors LLC now owns 11,590 shares of the bank’s stock valued at $345,000 after buying an additional 3,254 shares during the last quarter. Finally, Royal Bank of Canada increased its stake in Deutsche Bank Aktiengesellschaft by 39.4% in the 1st quarter. Royal Bank of Canada now owns 2,228,726 shares of the bank’s stock valued at $66,370,000 after buying an additional 629,461 shares during the last quarter. Institutional investors and hedge funds own 27.90% of the company’s stock.

Deutsche Bank Aktiengesellschaft Trading Up 0.1%

Shares of NYSE DB opened at $35.30 on Friday. The company’s fifty day moving average is $32.45 and its 200-day moving average is $34.51. The stock has a market cap of $68.49 billion, a price-to-earnings ratio of 9.73, a P/E/G ratio of 0.48 and a beta of 0.93. Deutsche Bank Aktiengesellschaft has a twelve month low of $27.26 and a twelve month high of $40.43. The company has a quick ratio of 0.74, a current ratio of 0.74 and a debt-to-equity ratio of 1.40.

Deutsche Bank Aktiengesellschaft (NYSE:DB) last announced its quarterly earnings results on Wednesday, April 29th. The bank reported $1.24 earnings per share for the quarter, topping analysts’ consensus estimates of $1.15 by $0.09. The company had revenue of $10.04 billion for the quarter, compared to analysts’ expectations of $9.85 billion. Deutsche Bank Aktiengesellschaft had a net margin of 10.43% and a return on equity of 7.69%. Equities research analysts predict that Deutsche Bank Aktiengesellschaft will post 3.97 EPS for the current 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.