Deutsche Bank Aktiengesellschaft (NYSE:DB) Upgraded by StockNews.com to “Buy” Rating

StockNews.com upgraded shares of Deutsche Bank Aktiengesellschaft (NYSE:DB) from a hold rating to a buy rating in a research note released on Wednesday morning.

Separately, The Goldman Sachs Group raised shares of Deutsche Bank Aktiengesellschaft to a “strong-buy” rating in a research report on Thursday, January 30th. One equities research analyst has rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, Deutsche Bank Aktiengesellschaft currently has an average rating of “Buy”.

Deutsche Bank Aktiengesellschaft Price Performance

Shares of Deutsche Bank Aktiengesellschaft stock opened at $18.95 on Wednesday. The company has a debt-to-equity ratio of 1.45, a current ratio of 0.74 and a quick ratio of 0.78. The business has a 50 day simple moving average of $18.05 and a two-hundred day simple moving average of $17.00. The stock has a market capitalization of $37.74 billion, a P/E ratio of 13.63 and a beta of 1.22. Deutsche Bank Aktiengesellschaft has a 12 month low of $12.43 and a 12 month high of $20.45.

Deutsche Bank Aktiengesellschaft (NYSE:DB) last announced its quarterly earnings data on Thursday, January 30th. The bank reported $0.16 earnings per share 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%. As a group, 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. Investors 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. This represents a yield of 1.7%. The ex-dividend date is Friday, May 23rd.

Institutional Trading of Deutsche Bank Aktiengesellschaft

A number of large investors have recently made changes to their positions in the company. AQR Capital Management LLC raised its holdings in shares of Deutsche Bank Aktiengesellschaft by 15.8% in the 2nd quarter. AQR Capital Management LLC now owns 76,152 shares of the bank’s stock valued at $1,214,000 after purchasing an additional 10,363 shares in the last quarter. Truist Financial Corp boosted its position in shares of Deutsche Bank Aktiengesellschaft by 20.1% during the 2nd quarter. Truist Financial Corp now owns 12,449 shares of the bank’s stock worth $198,000 after acquiring an additional 2,087 shares in the last quarter. Sanctuary Advisors LLC purchased a new position in shares of Deutsche Bank Aktiengesellschaft in the 2nd quarter valued at about $974,000. Atomi Financial Group Inc. raised its position in shares of Deutsche Bank Aktiengesellschaft by 14.9% during the 3rd quarter. Atomi Financial Group Inc. now owns 18,061 shares of the bank’s stock worth $313,000 after acquiring an additional 2,336 shares in the last quarter. Finally, Contravisory Investment Management Inc. purchased a new stake in Deutsche Bank Aktiengesellschaft during the third quarter worth approximately $197,000. 27.90% of the stock is currently owned by hedge funds and other 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.