Deutsche Bank Aktiengesellschaft (NYSE:DB) Rating Increased to Hold at Keefe, Bruyette & Woods

Keefe, Bruyette & Woods upgraded shares of Deutsche Bank Aktiengesellschaft (NYSE:DB) from a moderate sell rating to a hold rating in a research report report published on Thursday morning,Zacks.com reports.

Other equities analysts have also issued reports about the company. Bank of America set a $43.00 price objective on Deutsche Bank Aktiengesellschaft in a research report on Tuesday. Weiss Ratings lowered Deutsche Bank Aktiengesellschaft from a “buy (b)” rating to a “buy (b-)” rating in a research note on Wednesday, May 6th. Morgan Stanley restated an “overweight” rating on shares of Deutsche Bank Aktiengesellschaft in a report on Thursday, July 2nd. Oddo Bhf raised shares of Deutsche Bank Aktiengesellschaft to an “outperform” rating in a report on Friday, May 8th. Finally, Barclays downgraded shares of Deutsche Bank Aktiengesellschaft from an “overweight” rating to an “equal weight” rating in a research note on Monday, April 20th. Four analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company’s stock. Based on data from MarketBeat, Deutsche Bank Aktiengesellschaft has a consensus rating of “Hold” and an average target price of $43.00.

Deutsche Bank Aktiengesellschaft Price Performance

Shares of DB traded up $0.40 during trading hours on Thursday, reaching $35.80. 1,377,318 shares of the company’s stock traded hands, compared to its average volume of 2,416,118. The company has a current ratio of 0.74, a quick ratio of 0.74 and a debt-to-equity ratio of 1.40. The firm’s 50 day simple moving average is $33.22 and its 200-day simple moving average is $34.30. The stock has a market cap of $69.44 billion, a PE ratio of 9.86, a price-to-earnings-growth ratio of 0.49 and a beta of 0.94. Deutsche Bank Aktiengesellschaft has a 12 month low of $28.12 and a 12 month high of $40.43.

Deutsche Bank Aktiengesellschaft (NYSE:DB) last released its quarterly earnings results on Wednesday, April 29th. The bank reported $1.24 EPS for the quarter, topping analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $9.85 billion. Equities analysts expect that Deutsche Bank Aktiengesellschaft will post 3.91 EPS for the current year.

Institutional Investors Weigh In On Deutsche Bank Aktiengesellschaft

Institutional investors have recently added to or reduced their stakes in the company. GAMMA Investing LLC increased its position in shares of Deutsche Bank Aktiengesellschaft by 51.6% in the second quarter. GAMMA Investing LLC now owns 814 shares of the bank’s stock valued at $27,000 after acquiring an additional 277 shares during the period. Evergreen Capital Management LLC increased its stake in shares of Deutsche Bank Aktiengesellschaft by 1.9% during the second quarter. Evergreen Capital Management LLC now owns 15,436 shares of the bank’s stock valued at $452,000 after buying an additional 282 shares during the period. Cresset Asset Management LLC raised its holdings in shares of Deutsche Bank Aktiengesellschaft by 2.4% during the third quarter. Cresset Asset Management LLC now owns 11,955 shares of the bank’s stock valued at $423,000 after acquiring an additional 285 shares in the last quarter. Smartleaf Asset Management LLC lifted its stake in Deutsche Bank Aktiengesellschaft by 2.3% in the fourth quarter. Smartleaf Asset Management LLC now owns 14,636 shares of the bank’s stock worth $568,000 after acquiring an additional 323 shares during the period. Finally, Toth Financial Advisory Corp lifted its stake in Deutsche Bank Aktiengesellschaft by 5.3% in the fourth quarter. Toth Financial Advisory Corp now owns 8,000 shares of the bank’s stock worth $308,000 after acquiring an additional 400 shares during the period. Hedge funds and other institutional investors own 27.90% of the company’s stock.

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.