Deutsche Bank Aktiengesellschaft (NYSE:DB) Downgraded by StockNews.com

StockNews.com cut shares of Deutsche Bank Aktiengesellschaft (NYSE:DB) from a buy rating to a hold rating in a research report sent to investors on Friday.

Deutsche Bank Aktiengesellschaft Price Performance

Shares of Deutsche Bank Aktiengesellschaft stock opened at $15.49 on Friday. The firm has a market cap of $32.01 billion, a P/E ratio of 6.76, a price-to-earnings-growth ratio of 2.46 and a beta of 1.22. The company has a debt-to-equity ratio of 1.43, a quick ratio of 0.78 and a current ratio of 0.78. Deutsche Bank Aktiengesellschaft has a twelve month low of $10.00 and a twelve month high of $17.95. The firm’s 50-day simple moving average is $16.35 and its 200-day simple moving average is $15.32.

Deutsche Bank Aktiengesellschaft Cuts Dividend

The company also recently announced an annual dividend, which was paid on Tuesday, May 21st. Investors of record on Thursday, May 16th were given a dividend of $0.3313 per share. This represents a dividend yield of 2.05%. The ex-dividend date of this dividend was Friday, May 17th.

Hedge Funds Weigh In On Deutsche Bank Aktiengesellschaft

Institutional investors and hedge funds have recently bought and sold shares of the business. Blue Trust Inc. grew its stake in shares of Deutsche Bank Aktiengesellschaft by 221.4% during the fourth quarter. Blue Trust Inc. now owns 3,882 shares of the bank’s stock valued at $53,000 after purchasing an additional 2,674 shares during the last quarter. Parallel Advisors LLC lifted its holdings in Deutsche Bank Aktiengesellschaft by 26.9% during the 4th quarter. Parallel Advisors LLC now owns 5,483 shares of the bank’s stock worth $74,000 after buying an additional 1,163 shares in the last quarter. EverSource Wealth Advisors LLC boosted its position in Deutsche Bank Aktiengesellschaft by 20.5% in the 1st quarter. EverSource Wealth Advisors LLC now owns 7,368 shares of the bank’s stock valued at $118,000 after buying an additional 1,251 shares during the last quarter. Headlands Technologies LLC acquired a new stake in shares of Deutsche Bank Aktiengesellschaft in the 4th quarter valued at $119,000. Finally, Leo Wealth LLC bought a new stake in shares of Deutsche Bank Aktiengesellschaft during the first quarter worth $159,000. Institutional investors and hedge funds own 27.90% of the company’s stock.

Deutsche Bank Aktiengesellschaft Company Profile

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.