Deutsche Bank Aktiengesellschaft (NYSE:DB) Rating Lowered to “Hold” at Wall Street Zen

Wall Street Zen downgraded shares of Deutsche Bank Aktiengesellschaft (NYSE:DB) from a buy rating to a hold rating in a research report released on Saturday morning.

A number of other research analysts also recently weighed in on DB. Citigroup reiterated a “sell” rating on shares of Deutsche Bank Aktiengesellschaft in a research report on Friday. Cfra Research upgraded shares of Deutsche Bank Aktiengesellschaft from a “moderate sell” rating to a “hold” rating in a research report on Wednesday, April 30th. Finally, Bank of America began coverage on shares of Deutsche Bank Aktiengesellschaft in a research report on Tuesday, June 10th. They set a “buy” rating for the company. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, four have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy”.

Deutsche Bank Aktiengesellschaft Trading Down 2.6%

Shares of Deutsche Bank Aktiengesellschaft stock opened at $32.60 on Friday. The firm has a 50-day simple moving average of $29.01 and a two-hundred day simple moving average of $24.87. The company has a market cap of $64.94 billion, a P/E ratio of 12.40, a price-to-earnings-growth ratio of 0.43 and a beta of 0.97. Deutsche Bank Aktiengesellschaft has a fifty-two week low of $13.70 and a fifty-two week high of $34.14. The company has a debt-to-equity ratio of 1.39, a quick ratio of 0.79 and a current ratio of 0.79.

Deutsche Bank Aktiengesellschaft (NYSE:DB) last issued its quarterly earnings data on Thursday, July 24th. The bank reported $0.54 earnings per share for the quarter, missing analysts’ consensus estimates of $0.78 by ($0.24). The firm had revenue of $9.21 billion during the quarter, compared to analyst estimates of $7.80 billion. Deutsche Bank Aktiengesellschaft had a return on equity of 6.01% and a net margin of 7.67%. As a group, equities analysts predict that Deutsche Bank Aktiengesellschaft will post 2.93 earnings per share for the current fiscal year.

Institutional Trading of Deutsche Bank Aktiengesellschaft

Several large investors have recently bought and sold shares of the business. Allianz Asset Management GmbH grew its stake in Deutsche Bank Aktiengesellschaft by 109.7% during the 2nd quarter. Allianz Asset Management GmbH now owns 2,631,591 shares of the bank’s stock valued at $76,658,000 after acquiring an additional 1,376,552 shares in the last quarter. Generali Asset Management SPA SGR grew its stake in Deutsche Bank Aktiengesellschaft by 6.9% during the 2nd quarter. Generali Asset Management SPA SGR now owns 269,061 shares of the bank’s stock valued at $7,878,000 after acquiring an additional 17,430 shares in the last quarter. Twin Tree Management LP grew its stake in Deutsche Bank Aktiengesellschaft by 352.2% during the 2nd quarter. Twin Tree Management LP now owns 356,812 shares of the bank’s stock valued at $10,447,000 after acquiring an additional 277,914 shares in the last quarter. Ritholtz Wealth Management grew its stake in Deutsche Bank Aktiengesellschaft by 10.3% during the 2nd quarter. Ritholtz Wealth Management now owns 190,681 shares of the bank’s stock valued at $5,583,000 after acquiring an additional 17,804 shares in the last quarter. Finally, Sagespring Wealth Partners LLC purchased a new stake in Deutsche Bank Aktiengesellschaft during the 2nd quarter valued at about $333,000. Hedge funds and other 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.