Deutsche Bank Aktiengesellschaft (NYSE:DB) Receives Average Rating of “Hold” from Brokerages

Shares of Deutsche Bank Aktiengesellschaft (NYSE:DB) have been assigned an average recommendation of “Hold” from the ten ratings firms that are covering the firm, MarketBeat.com reports. Six analysts have rated the stock with a hold rating and four have assigned a buy rating to the company.

Several brokerages have commented on DB. Morgan Stanley reiterated an “overweight” rating on shares of Deutsche Bank Aktiengesellschaft in a research report on Thursday, January 8th. Wall Street Zen cut Deutsche Bank Aktiengesellschaft from a “buy” rating to a “hold” rating in a research note on Saturday, March 14th. Citigroup upgraded Deutsche Bank Aktiengesellschaft from a “sell” rating to a “hold” rating in a report on Thursday, April 9th. Barclays cut Deutsche Bank Aktiengesellschaft from an “overweight” rating to an “equal weight” rating in a report on Monday, April 20th. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Deutsche Bank Aktiengesellschaft in a research report on Monday, April 20th.

Deutsche Bank Aktiengesellschaft Stock Up 4.5%

Shares of NYSE:DB opened at $32.03 on Friday. The company has a debt-to-equity ratio of 1.40, a current ratio of 0.74 and a quick ratio of 0.74. The stock has a market cap of $62.13 billion, a price-to-earnings ratio of 8.82, a P/E/G ratio of 0.39 and a beta of 0.94. The company has a 50 day moving average of $31.50 and a 200-day moving average of $35.13. Deutsche Bank Aktiengesellschaft has a one year low of $26.58 and a one year high of $40.43.

Deutsche Bank Aktiengesellschaft (NYSE:DB) last announced its quarterly earnings data on Wednesday, April 29th. The bank reported $1.24 earnings per share for the quarter, beating the consensus estimate of $1.15 by $0.09. Deutsche Bank Aktiengesellschaft had a net margin of 10.43% and a return on equity of 7.69%. The business had revenue of $10.04 billion for the quarter, compared to analyst estimates of $9.85 billion. On average, sell-side analysts forecast that Deutsche Bank Aktiengesellschaft will post 4.05 earnings per share for the current year.

Institutional Investors Weigh In On Deutsche Bank Aktiengesellschaft

Several hedge funds have recently bought and sold shares of DB. Norges Bank bought a new stake in shares of Deutsche Bank Aktiengesellschaft in the fourth quarter worth about $532,397,000. Amundi grew its position in shares of Deutsche Bank Aktiengesellschaft by 22.0% in the 3rd quarter. Amundi now owns 49,597,003 shares of the bank’s stock valued at $1,732,919,000 after purchasing an additional 8,932,484 shares during the period. AQR Capital Management LLC increased its stake in Deutsche Bank Aktiengesellschaft by 2,731.8% during the 4th quarter. AQR Capital Management LLC now owns 7,969,257 shares of the bank’s stock worth $309,477,000 after purchasing an additional 7,687,841 shares in the last quarter. Credit Agricole S A acquired a new stake in Deutsche Bank Aktiengesellschaft during the 3rd quarter worth approximately $237,336,000. Finally, Viking Global Investors LP bought a new position in Deutsche Bank Aktiengesellschaft in the third quarter valued at approximately $214,593,000. 27.90% of the stock is currently owned by institutional investors and hedge funds.

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.