Deutsche Bank Aktiengesellschaft (NYSE:DB) Upgraded at Keefe, Bruyette & Woods

Deutsche Bank Aktiengesellschaft (NYSE:DB) was upgraded by analysts at Keefe, Bruyette & Woods from a “moderate sell” rating to a “hold” rating in a note issued to investors on Thursday,Zacks.com reports.

A number of other brokerages have also recently issued reports on DB. Barclays cut Deutsche Bank Aktiengesellschaft from an “overweight” rating to an “equal weight” rating in a research report on Monday, April 20th. Bank of America set a $43.00 price objective on shares of Deutsche Bank Aktiengesellschaft in a research note on Tuesday. Oddo Bhf upgraded shares of Deutsche Bank Aktiengesellschaft to an “outperform” rating in a research note on Friday, May 8th. Morgan Stanley reaffirmed an “overweight” rating on shares of Deutsche Bank Aktiengesellschaft in a research report on Thursday, July 2nd. Finally, Citigroup upgraded shares of Deutsche Bank Aktiengesellschaft from a “sell” rating to a “hold” rating in a research note on Thursday, April 9th. Four analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $43.00.

Deutsche Bank Aktiengesellschaft Price Performance

NYSE DB opened at $35.80 on Thursday. Deutsche Bank Aktiengesellschaft has a fifty-two week low of $28.12 and a fifty-two week high of $40.43. The stock’s 50-day moving average is $33.22 and its two-hundred day moving average is $34.30. The firm has a market cap of $69.44 billion, a P/E ratio of 9.86, a price-to-earnings-growth ratio of 0.49 and a beta of 0.94. The company has a debt-to-equity ratio of 1.40, a current ratio of 0.74 and a quick ratio of 0.74.

Deutsche Bank Aktiengesellschaft (NYSE:DB) last released its quarterly earnings results on Wednesday, April 29th. The bank reported $1.24 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.15 by $0.09. The company had revenue of $10.04 billion during the quarter, compared to the consensus estimate of $9.85 billion. Deutsche Bank Aktiengesellschaft had a return on equity of 7.69% and a net margin of 10.43%. On average, analysts anticipate that Deutsche Bank Aktiengesellschaft will post 3.91 earnings per share for the current fiscal year.

Institutional Trading of Deutsche Bank Aktiengesellschaft

Hedge funds have recently modified their holdings of the company. GAMMA Investing LLC increased its position in shares of Deutsche Bank Aktiengesellschaft by 51.6% during the second quarter. GAMMA Investing LLC now owns 814 shares of the bank’s stock valued at $27,000 after purchasing an additional 277 shares during the period. Triumph Capital Management acquired a new stake in Deutsche Bank Aktiengesellschaft during the third quarter worth $32,000. Geneos Wealth Management Inc. boosted its holdings 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 purchasing an additional 881 shares in the last quarter. Advisory Services Network LLC bought a new stake in shares of Deutsche Bank Aktiengesellschaft in the 3rd quarter valued at approximately $59,000. Finally, GHP Investment Advisors Inc. acquired a new position in shares of Deutsche Bank Aktiengesellschaft in the 1st quarter worth approximately $64,000. Institutional investors 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.