Deutsche Bank Aktiengesellschaft (NYSE:DB) Sets New 12-Month High – Here’s What Happened

Deutsche Bank Aktiengesellschaft (NYSE:DB) shares reached a new 52-week high on Thursday . The company traded as high as $41.02 and last traded at $41.08, with a volume of 32835 shares. The stock had previously closed at $40.50.

Analysts Set New Price Targets

Several brokerages have recently weighed in on DB. The Goldman Sachs Group upgraded shares of Deutsche Bank Aktiengesellschaft from a “neutral” rating to a “buy” rating in a research note on Tuesday. Weiss Ratings upgraded shares of Deutsche Bank Aktiengesellschaft from a “buy (b-)” rating to a “buy (b)” rating in a research report on Wednesday, July 29th. Keefe, Bruyette & Woods upgraded shares of Deutsche Bank Aktiengesellschaft from a “moderate sell” rating to a “hold” rating in a report on Thursday, July 9th. Oddo Bhf raised Deutsche Bank Aktiengesellschaft to an “outperform” rating in a report on Friday, May 8th. Finally, Zacks Research raised shares of Deutsche Bank Aktiengesellschaft from a “strong sell” rating to a “hold” rating in a research note on Thursday, August 27th. Five analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $43.00.

Deutsche Bank Aktiengesellschaft Stock Up 1.9%

The company has a debt-to-equity ratio of 1.35, a current ratio of 0.72 and a quick ratio of 0.72. The business’s fifty day moving average price is $36.85 and its two-hundred day moving average price is $33.91. The stock has a market capitalization of $80.08 billion, a PE ratio of 10.97, a price-to-earnings-growth ratio of 0.55 and a beta of 0.96.

Deutsche Bank Aktiengesellschaft (NYSE:DB) last posted its quarterly earnings results on Thursday, July 30th. The bank reported $0.66 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.91 by ($0.25). Deutsche Bank Aktiengesellschaft had a return on equity of 8.46% and a net margin of 11.53%.The business had revenue of $9.68 billion for the quarter, compared to analysts’ expectations of $9.30 billion. On average, equities research analysts forecast that Deutsche Bank Aktiengesellschaft will post 3.92 EPS for the current fiscal year.

Institutional Investors Weigh In On Deutsche Bank Aktiengesellschaft

Large investors have recently made changes to their positions in the business. GAMMA Investing LLC lifted its holdings in Deutsche Bank Aktiengesellschaft by 51.6% in the 2nd quarter. GAMMA Investing LLC now owns 814 shares of the bank’s stock valued at $27,000 after acquiring an additional 277 shares during the last quarter. Triumph Capital Management bought a new stake in shares of Deutsche Bank Aktiengesellschaft in the third quarter valued at approximately $32,000. Geneos Wealth Management Inc. increased its stake in Deutsche Bank Aktiengesellschaft by 178.0% during the second quarter. Geneos Wealth Management Inc. now owns 1,376 shares of the bank’s stock valued at $40,000 after acquiring an additional 881 shares during the period. Advisory Services Network LLC bought a new position in Deutsche Bank Aktiengesellschaft in the third quarter worth $59,000. Finally, GHP Investment Advisors Inc. acquired a new stake in shares of Deutsche Bank Aktiengesellschaft during the 1st quarter valued at about $64,000. Institutional investors and hedge funds 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.