Deutsche Bank Aktiengesellschaft (NYSE:DB) Given Consensus Recommendation of “Hold” by Analysts

Deutsche Bank Aktiengesellschaft (NYSE:DB) has been given a consensus recommendation of “Hold” by the ten research firms that are currently covering the stock, MarketBeat.com reports. Six equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company.

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

Deutsche Bank Aktiengesellschaft Trading Up 1.0%

Shares of Deutsche Bank Aktiengesellschaft stock opened at $34.33 on Friday. The company has a current ratio of 0.74, a quick ratio of 0.74 and a debt-to-equity ratio of 1.40. Deutsche Bank Aktiengesellschaft has a 12-month low of $28.12 and a 12-month high of $40.43. The firm has a market capitalization of $66.59 billion, a price-to-earnings ratio of 9.46, a PEG ratio of 0.46 and a beta of 0.93. The firm’s 50 day simple moving average is $32.61 and its two-hundred day simple moving average is $34.47.

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

Institutional Trading of Deutsche Bank Aktiengesellschaft

Several hedge funds and other institutional investors have recently added to or reduced their stakes in DB. AQR Capital Management LLC grew its position in Deutsche Bank Aktiengesellschaft by 15.9% during the first quarter. AQR Capital Management LLC now owns 126,101 shares of the bank’s stock valued at $3,005,000 after buying an additional 17,262 shares during the period. Focus Partners Wealth acquired a new stake in Deutsche Bank Aktiengesellschaft during the first quarter valued at $795,000. Sivia Capital Partners LLC acquired a new stake in Deutsche Bank Aktiengesellschaft during the second quarter valued at $413,000. Rhumbline Advisers grew its position in Deutsche Bank Aktiengesellschaft by 4.5% during the second quarter. Rhumbline Advisers now owns 27,750 shares of the bank’s stock valued at $813,000 after buying an additional 1,187 shares during the period. Finally, First Trust Advisors LP grew its position in Deutsche Bank Aktiengesellschaft by 24.1% during the second quarter. First Trust Advisors LP now owns 528,327 shares of the bank’s stock valued at $15,620,000 after buying an additional 102,754 shares during the period. 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.