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

Shares of Deutsche Bank Aktiengesellschaft (NYSE:DB) reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as $21.50 and last traded at $21.36, with a volume of 80744 shares. The stock had previously closed at $20.60.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on DB. StockNews.com upgraded Deutsche Bank Aktiengesellschaft from a “hold” rating to a “buy” rating in a research report on Wednesday, February 5th. The Goldman Sachs Group raised Deutsche Bank Aktiengesellschaft to a “strong-buy” rating in a report on Thursday, January 30th. Citigroup restated a “neutral” rating on shares of Deutsche Bank Aktiengesellschaft in a report on Monday, February 3rd. Barclays reiterated an “overweight” rating on shares of Deutsche Bank Aktiengesellschaft in a research note on Monday, February 3rd. Finally, Morgan Stanley restated an “overweight” rating on shares of Deutsche Bank Aktiengesellschaft in a research note on Monday, February 3rd. Two investment analysts have 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 presently has a consensus rating of “Moderate Buy”.

Deutsche Bank Aktiengesellschaft Price Performance

The firm has a 50-day moving average of $18.69 and a 200-day moving average of $17.45. 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 stock has a market cap of $42.04 billion, a PE ratio of 15.20 and a beta of 1.22.

Deutsche Bank Aktiengesellschaft (NYSE:DB) last released its quarterly earnings data on Thursday, January 30th. The bank reported $0.16 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.43 by ($0.27). Deutsche Bank Aktiengesellschaft had a net margin of 4.66% and a return on equity of 3.90%. Research analysts predict that Deutsche Bank Aktiengesellschaft will post 2.93 EPS for the current year.

Deutsche Bank Aktiengesellschaft Increases Dividend

The company also recently declared 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. The ex-dividend date of this dividend is Friday, May 23rd. This is a positive change from Deutsche Bank Aktiengesellschaft’s previous annual dividend of $0.33. This represents a yield of 1.7%. Deutsche Bank Aktiengesellschaft’s dividend payout ratio is presently 15.18%.

Institutional Trading of Deutsche Bank Aktiengesellschaft

Large investors have recently added to or reduced their stakes in the company. Wellington Management Group LLP increased its position in Deutsche Bank Aktiengesellschaft by 332.0% in the third quarter. Wellington Management Group LLP now owns 2,194,855 shares of the bank’s stock worth $37,964,000 after purchasing an additional 1,686,776 shares during the last quarter. Cerity Partners LLC grew its position in Deutsche Bank Aktiengesellschaft by 77.2% in the third quarter. Cerity Partners LLC now owns 98,381 shares of the bank’s stock worth $1,703,000 after acquiring an additional 42,860 shares in the last quarter. Ritholtz Wealth Management raised its position in Deutsche Bank Aktiengesellschaft by 10.9% during the fourth quarter. Ritholtz Wealth Management now owns 162,545 shares of the bank’s stock valued at $2,771,000 after purchasing an additional 15,917 shares during the period. Vanderbilt University purchased a new position in shares of Deutsche Bank Aktiengesellschaft in the 3rd quarter worth approximately $525,000. Finally, Assenagon Asset Management S.A. raised its holdings in Deutsche Bank Aktiengesellschaft by 31.7% during the 4th quarter. Assenagon Asset Management S.A. now owns 120,572 shares of the bank’s stock valued at $2,078,000 after buying an additional 29,042 shares during the period. Institutional investors 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.