Deutsche Bank Aktiengesellschaft (NYSE:DB) Hits New 52-Week High – Here’s What Happened

Deutsche Bank Aktiengesellschaft (NYSE:DB) reached a new 52-week high during trading on Monday . The company traded as high as $39.79 and last traded at $39.5750, with a volume of 1046309 shares traded. The stock had previously closed at $39.59.

Analyst Ratings Changes

A number of equities analysts have commented on the company. Jefferies Financial Group initiated coverage on Deutsche Bank Aktiengesellschaft in a research note on Monday, October 20th. They issued a “hold” rating on the stock. Wall Street Zen upgraded shares of Deutsche Bank Aktiengesellschaft from a “hold” rating to a “buy” rating in a research report on Saturday, December 20th. Weiss Ratings restated a “buy (b)” rating on shares of Deutsche Bank Aktiengesellschaft in a research report on Wednesday, October 8th. Morgan Stanley reaffirmed an “overweight” rating on shares of Deutsche Bank Aktiengesellschaft in a research note on Monday, November 24th. Finally, Barclays raised shares of Deutsche Bank Aktiengesellschaft to a “strong-buy” rating in a research note on Friday, October 10th. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold”.

Deutsche Bank Aktiengesellschaft Stock Down 0.8%

The business’s fifty day simple moving average is $37.06 and its 200 day simple moving average is $34.98. The stock has a market cap of $77.57 billion, a price-to-earnings ratio of 14.25, a price-to-earnings-growth ratio of 0.36 and a beta of 0.96. The company has a current ratio of 0.78, a quick ratio of 0.78 and a debt-to-equity ratio of 1.40.

Deutsche Bank Aktiengesellschaft (NYSE:DB) last posted its quarterly earnings results on Wednesday, October 29th. The bank reported $0.97 earnings per share for the quarter, beating analysts’ consensus estimates of $0.81 by $0.16. The company had revenue of $9.44 billion for the quarter, compared to the consensus estimate of $7.75 billion. Deutsche Bank Aktiengesellschaft had a return on equity of 5.97% and a net margin of 7.99%. Equities analysts forecast that Deutsche Bank Aktiengesellschaft will post 2.93 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of DB. Legacy Capital Group California Inc. lifted its stake in Deutsche Bank Aktiengesellschaft by 2.2% during the third quarter. Legacy Capital Group California Inc. now owns 12,368 shares of the bank’s stock worth $438,000 after purchasing an additional 264 shares during the last quarter. Evergreen Capital Management LLC lifted its position in shares of Deutsche Bank Aktiengesellschaft by 1.9% during the 2nd quarter. Evergreen Capital Management LLC now owns 15,436 shares of the bank’s stock worth $452,000 after buying an additional 282 shares during the last quarter. Cresset Asset Management LLC boosted its stake in Deutsche Bank Aktiengesellschaft by 2.4% in the third quarter. Cresset Asset Management LLC now owns 11,955 shares of the bank’s stock valued at $423,000 after buying an additional 285 shares in the last quarter. Baron Wealth Management LLC grew its position in Deutsche Bank Aktiengesellschaft by 1.1% in the third quarter. Baron Wealth Management LLC now owns 27,401 shares of the bank’s stock valued at $970,000 after acquiring an additional 302 shares during the last quarter. Finally, HB Wealth Management LLC raised its stake in Deutsche Bank Aktiengesellschaft by 3.5% during the third quarter. HB Wealth Management LLC now owns 9,057 shares of the bank’s stock worth $321,000 after acquiring an additional 304 shares in the last quarter. Institutional investors and hedge funds own 27.90% of the company’s stock.

About Deutsche Bank Aktiengesellschaft

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.