Deutsche Bank Aktiengesellschaft (NYSE:DB) Reaches New 12-Month High – Time to Buy?

Deutsche Bank Aktiengesellschaft (NYSE:DB)’s share price hit a new 52-week high during trading on Tuesday . The company traded as high as $20.69 and last traded at $20.66, with a volume of 25143 shares trading hands. The stock had previously closed at $20.20.

Wall Street Analyst Weigh In

DB has been the subject of a number of research analyst reports. The Goldman Sachs Group raised Deutsche Bank Aktiengesellschaft to a “strong-buy” rating in a research note on Thursday, January 30th. StockNews.com raised shares of Deutsche Bank Aktiengesellschaft from a “hold” rating to a “buy” rating in a research note on Wednesday, February 5th. One analyst has rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Buy”.

Deutsche Bank Aktiengesellschaft Trading Up 3.7 %

The company has a market cap of $41.72 billion, a PE ratio of 15.07 and a beta of 1.22. The stock has a 50 day moving average price of $18.43 and a 200 day moving average price of $17.23. The company has a current ratio of 0.74, a quick ratio of 0.78 and a debt-to-equity ratio of 1.45.

Deutsche Bank Aktiengesellschaft (NYSE:DB) last announced its earnings results on Thursday, January 30th. The bank reported $0.16 EPS for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.27). Deutsche Bank Aktiengesellschaft had a net margin of 4.66% and a return on equity of 3.90%. Sell-side analysts predict that Deutsche Bank Aktiengesellschaft will post 3.01 EPS for the current fiscal year.

Deutsche Bank Aktiengesellschaft Increases Dividend

The firm also recently announced an annual dividend, which will be paid on Tuesday, May 27th. Shareholders of record on Monday, May 26th will be paid a dividend of $0.5122 per share. This is an increase from Deutsche Bank Aktiengesellschaft’s previous annual dividend of $0.33. The ex-dividend date of this dividend is Friday, May 23rd. This represents a dividend yield of 1.7%.

Institutional Trading of Deutsche Bank Aktiengesellschaft

A number of hedge funds have recently made changes to their positions in the stock. Venturi Wealth Management LLC grew its position in Deutsche Bank Aktiengesellschaft by 1.6% during the 4th quarter. Venturi Wealth Management LLC now owns 32,990 shares of the bank’s stock valued at $562,000 after purchasing an additional 513 shares during the last quarter. Sequoia Financial Advisors LLC lifted its stake in shares of Deutsche Bank Aktiengesellschaft by 3.9% in the fourth quarter. Sequoia Financial Advisors LLC now owns 14,189 shares of the bank’s stock worth $242,000 after buying an additional 537 shares in the last quarter. Truist Financial Corp grew its holdings in shares of Deutsche Bank Aktiengesellschaft by 4.8% during the fourth quarter. Truist Financial Corp now owns 13,801 shares of the bank’s stock valued at $235,000 after buying an additional 636 shares during the last quarter. Cetera Investment Advisers increased its position in shares of Deutsche Bank Aktiengesellschaft by 3.9% during the fourth quarter. Cetera Investment Advisers now owns 19,438 shares of the bank’s stock valued at $331,000 after acquiring an additional 738 shares in the last quarter. Finally, Pitcairn Co. lifted its position in Deutsche Bank Aktiengesellschaft by 5.7% in the 4th quarter. Pitcairn Co. now owns 13,742 shares of the bank’s stock valued at $234,000 after acquiring an additional 740 shares in the last quarter. 27.90% of the stock is owned by institutional investors.

About Deutsche Bank Aktiengesellschaft

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.