Deutsche Bank Aktiengesellschaft (NYSE:DB) Hits New 1-Year High at $16.40

Shares of Deutsche Bank Aktiengesellschaft (NYSE:DB) reached a new 52-week high during trading on Tuesday . The stock traded as high as $16.40 and last traded at $16.35, with a volume of 431638 shares traded. The stock had previously closed at $16.24.

Analyst Ratings Changes

Several analysts have recently commented on the stock. Citigroup cut shares of Deutsche Bank Aktiengesellschaft from a “buy” rating to a “neutral” rating in a research note on Wednesday, January 31st. Morgan Stanley upgraded shares of Deutsche Bank Aktiengesellschaft from an “equal weight” rating to an “overweight” rating in a research note on Wednesday, March 27th. Erste Group Bank upgraded shares of Deutsche Bank Aktiengesellschaft from a “sell” rating to a “hold” rating in a research note on Wednesday, March 13th. Finally, StockNews.com upgraded shares of Deutsche Bank Aktiengesellschaft from a “hold” rating to a “buy” rating in a research note on Monday, March 18th. Four research analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, Deutsche Bank Aktiengesellschaft has an average rating of “Hold”.

Deutsche Bank Aktiengesellschaft Price Performance

The company’s fifty day simple moving average is $14.66 and its two-hundred day simple moving average is $13.15. The company has a debt-to-equity ratio of 1.56, a quick ratio of 1.14 and a current ratio of 1.14. The stock has a market capitalization of $34.04 billion, a PE ratio of 7.42, a P/E/G ratio of 0.90 and a beta of 1.32.

Deutsche Bank Aktiengesellschaft (NYSE:DB) last posted its quarterly earnings data on Friday, February 2nd. The bank reported $0.72 earnings per share for the quarter, beating analysts’ consensus estimates of $0.37 by $0.35. The business had revenue of $5.81 billion during the quarter, compared to analyst estimates of $7.46 billion. Deutsche Bank Aktiengesellschaft had a net margin of 6.86% and a return on equity of 5.37%. As a group, sell-side analysts predict that Deutsche Bank Aktiengesellschaft will post 2.22 EPS for the current year.

Hedge Funds Weigh In On Deutsche Bank Aktiengesellschaft

A number of institutional investors have recently modified their holdings of the company. Vanguard Group Inc. raised its position in shares of Deutsche Bank Aktiengesellschaft by 1.4% in the third quarter. Vanguard Group Inc. now owns 77,480,209 shares of the bank’s stock valued at $851,507,000 after buying an additional 1,073,195 shares during the last quarter. Deutsche Bank AG raised its position in shares of Deutsche Bank Aktiengesellschaft by 64.0% in the third quarter. Deutsche Bank AG now owns 53,995,538 shares of the bank’s stock valued at $593,411,000 after buying an additional 21,080,301 shares during the last quarter. Norges Bank acquired a new position in shares of Deutsche Bank Aktiengesellschaft in the fourth quarter valued at approximately $326,093,000. Capital International Investors acquired a new position in Deutsche Bank Aktiengesellschaft during the fourth quarter worth approximately $252,028,000. Finally, DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main increased its position in Deutsche Bank Aktiengesellschaft by 30.8% during the fourth quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 13,559,579 shares of the bank’s stock worth $185,233,000 after purchasing an additional 3,196,091 shares during the last quarter. Institutional investors and hedge funds 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.