Deutsche Bank Aktiengesellschaft (NYSE:DB) Reaches New 1-Year High – Here’s Why

Deutsche Bank Aktiengesellschaft (NYSE:DB) shares reached a new 52-week high during mid-day trading on Monday . The stock traded as high as $38.85 and last traded at $38.7450, with a volume of 441230 shares changing hands. The stock had previously closed at $38.62.

Wall Street Analysts Forecast Growth

DB has been the subject of a number of recent research reports. Weiss Ratings reiterated a “buy (b)” rating on shares of Deutsche Bank Aktiengesellschaft in a research report on Wednesday, October 8th. Morgan Stanley reaffirmed an “overweight” rating on shares of Deutsche Bank Aktiengesellschaft in a research note on Monday, November 24th. Jefferies Financial Group began coverage on shares of Deutsche Bank Aktiengesellschaft in a research report on Monday, October 20th. They set a “hold” rating for the company. Wall Street Zen upgraded Deutsche Bank Aktiengesellschaft from a “hold” rating to a “buy” rating in a report on Saturday. Finally, The Goldman Sachs Group downgraded shares of Deutsche Bank Aktiengesellschaft from a “buy” rating to a “neutral” rating in a research note on Tuesday, August 26th. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, Deutsche Bank Aktiengesellschaft has a consensus rating of “Hold”.

Deutsche Bank Aktiengesellschaft Trading Up 1.0%

The firm has a market cap of $79.18 billion, a P/E ratio of 14.67, a price-to-earnings-growth ratio of 0.41 and a beta of 0.95. The business’s 50 day moving average is $35.96 and its 200-day moving average is $34.16. The company has a quick ratio of 0.78, a current ratio of 0.78 and a debt-to-equity ratio of 1.40.

Deutsche Bank Aktiengesellschaft (NYSE:DB) last announced its quarterly earnings data on Wednesday, October 29th. The bank reported $0.97 earnings per share for the quarter, beating the consensus estimate of $0.81 by $0.16. The firm had revenue of $9.44 billion during the quarter, compared to analyst estimates of $7.75 billion. Deutsche Bank Aktiengesellschaft had a return on equity of 5.97% and a net margin of 7.99%. As a group, analysts forecast that Deutsche Bank Aktiengesellschaft will post 2.93 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Deutsche Bank Aktiengesellschaft

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Legacy Capital Group California Inc. boosted its holdings in shares of Deutsche Bank Aktiengesellschaft by 2.2% during the third quarter. Legacy Capital Group California Inc. now owns 12,368 shares of the bank’s stock valued at $438,000 after acquiring an additional 264 shares during the period. Evergreen Capital Management LLC boosted its position in shares of Deutsche Bank Aktiengesellschaft by 1.9% during the 2nd quarter. Evergreen Capital Management LLC now owns 15,436 shares of the bank’s stock valued at $452,000 after purchasing an additional 282 shares in the last quarter. Cresset Asset Management LLC grew its position in Deutsche Bank Aktiengesellschaft by 2.4% in the third quarter. Cresset Asset Management LLC now owns 11,955 shares of the bank’s stock worth $423,000 after buying an additional 285 shares during the last quarter. Baron Wealth Management LLC grew its holdings in shares of Deutsche Bank Aktiengesellschaft by 1.1% in the 3rd quarter. Baron Wealth Management LLC now owns 27,401 shares of the bank’s stock worth $970,000 after acquiring an additional 302 shares during the last quarter. Finally, HB Wealth Management LLC raised its holdings in Deutsche Bank Aktiengesellschaft by 3.5% during the 3rd quarter. HB Wealth Management LLC now owns 9,057 shares of the bank’s stock worth $321,000 after buying an additional 304 shares during the period. 27.90% of the stock is currently owned by institutional investors and hedge funds.

Deutsche Bank Aktiengesellschaft Company Profile

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.