Deutsche Bank Aktiengesellschaft (NYSE:DB) Sets New 12-Month High – What’s Next?

Deutsche Bank Aktiengesellschaft (NYSE:DB)’s share price reached a new 52-week high during mid-day trading on Thursday . The company traded as high as $41.02 and last traded at $41.08, with a volume of 32835 shares trading hands. The stock had previously closed at $40.50.

Analysts Set New Price Targets

A number of research firms recently issued reports on DB. Citigroup reaffirmed a “neutral” rating on shares of Deutsche Bank Aktiengesellschaft in a research report on Monday, July 20th. Bank of America set a $43.00 price objective on shares of Deutsche Bank Aktiengesellschaft in a research note on Tuesday, July 7th. Weiss Ratings upgraded shares of Deutsche Bank Aktiengesellschaft from a “buy (b-)” rating to a “buy (b)” rating in a report on Wednesday, July 29th. Wall Street Zen lowered Deutsche Bank Aktiengesellschaft from a “buy” rating to a “hold” rating in a report on Saturday, June 6th. Finally, Zacks Research raised shares of Deutsche Bank Aktiengesellschaft from a “strong sell” rating to a “hold” rating in a research report on Thursday, August 27th. Five analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat, Deutsche Bank Aktiengesellschaft has a consensus rating of “Moderate Buy” and a consensus price target of $43.00.

Deutsche Bank Aktiengesellschaft Stock Up 1.9%

The company’s 50-day moving average price is $36.85 and its 200 day moving average price is $33.91. The company has a debt-to-equity ratio of 1.35, a quick ratio of 0.72 and a current ratio of 0.72. The stock has a market cap of $80.08 billion, a PE ratio of 10.97, a price-to-earnings-growth ratio of 0.55 and a beta of 0.96.

Deutsche Bank Aktiengesellschaft (NYSE:DB) last issued its quarterly earnings results on Thursday, July 30th. The bank reported $0.66 earnings per share for the quarter, missing the consensus estimate of $0.91 by ($0.25). Deutsche Bank Aktiengesellschaft had a net margin of 11.53% and a return on equity of 8.46%. The firm had revenue of $9.68 billion for the quarter, compared to analysts’ expectations of $9.30 billion. As a group, analysts forecast that Deutsche Bank Aktiengesellschaft will post 3.92 EPS for the current fiscal year.

Hedge Funds Weigh In On Deutsche Bank Aktiengesellschaft

Institutional investors and hedge funds have recently modified their holdings of the stock. Amundi grew its stake in shares of Deutsche Bank Aktiengesellschaft by 11.4% during the first quarter. Amundi now owns 60,059,707 shares of the bank’s stock valued at $1,788,578,000 after buying an additional 6,139,611 shares during the last quarter. Fisher Asset Management LLC lifted its holdings in Deutsche Bank Aktiengesellschaft by 3.7% in the 4th quarter. Fisher Asset Management LLC now owns 27,398,661 shares of the bank’s stock valued at $1,056,492,000 after purchasing an additional 966,655 shares in the last quarter. Bank of America Corp DE grew its holdings in shares of Deutsche Bank Aktiengesellschaft by 83.1% during the first quarter. Bank of America Corp DE now owns 21,420,171 shares of the bank’s stock worth $637,893,000 after buying an additional 9,719,181 shares in the last quarter. DekaBank Deutsche Girozentrale raised its position in shares of Deutsche Bank Aktiengesellschaft by 5.4% in the first quarter. DekaBank Deutsche Girozentrale now owns 18,743,906 shares of the bank’s stock valued at $600,821,000 after buying an additional 957,307 shares during the last quarter. Finally, Legal & General Group Plc lifted its stake in shares of Deutsche Bank Aktiengesellschaft by 2.3% in the fourth quarter. Legal & General Group Plc now owns 14,664,607 shares of the bank’s stock worth $570,302,000 after buying an additional 332,004 shares in the last quarter. Hedge funds and other institutional investors own 27.90% of the company’s stock.

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.