Deutsche Bank Aktiengesellschaft (NYSE:DB) Given Consensus Recommendation of “Hold” by Brokerages

Shares of Deutsche Bank Aktiengesellschaft (NYSE:DB) have earned an average recommendation of “Hold” from the eleven ratings firms that are currently covering the stock, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation, five have given a hold recommendation, four have assigned a buy recommendation and one has given a strong buy recommendation to the company.

A number of research analysts have recently commented on DB shares. Wall Street Zen raised shares of Deutsche Bank Aktiengesellschaft from a “hold” rating to a “buy” rating in a research report on Saturday, December 20th. Weiss Ratings reiterated a “buy (b)” rating on shares of Deutsche Bank Aktiengesellschaft in a report on Wednesday, January 21st. Citigroup reissued a “sell” rating on shares of Deutsche Bank Aktiengesellschaft in a research report on Thursday. Jefferies Financial Group initiated coverage on Deutsche Bank Aktiengesellschaft in a research report on Monday, October 20th. They issued a “hold” rating for the company. Finally, Zacks Research lowered Deutsche Bank Aktiengesellschaft from a “strong-buy” rating to a “hold” rating in a report on Tuesday, December 30th.

Deutsche Bank Aktiengesellschaft Stock Performance

Shares of NYSE DB opened at $39.41 on Thursday. The stock has a market capitalization of $77.85 billion, a PE ratio of 14.54, a price-to-earnings-growth ratio of 0.36 and a beta of 0.96. Deutsche Bank Aktiengesellschaft has a 52 week low of $18.56 and a 52 week high of $39.82. The stock has a 50 day moving average price of $37.62 and a 200 day moving average price of $35.89. The company has a debt-to-equity ratio of 1.40, a quick ratio of 0.78 and a current ratio of 0.78.

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

Institutional Trading of Deutsche Bank Aktiengesellschaft

A number of hedge funds have recently modified their holdings of DB. Legacy Capital Group California Inc. grew its stake in Deutsche Bank Aktiengesellschaft by 2.2% in the 3rd quarter. Legacy Capital Group California Inc. now owns 12,368 shares of the bank’s stock valued at $438,000 after buying an additional 264 shares during the last quarter. Evergreen Capital Management LLC boosted its holdings 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 worth $452,000 after acquiring an additional 282 shares during the period. Cresset Asset Management LLC grew its position in shares of Deutsche Bank Aktiengesellschaft by 2.4% in the third quarter. Cresset Asset Management LLC now owns 11,955 shares of the bank’s stock valued at $423,000 after purchasing an additional 285 shares during the last quarter. Baron Wealth Management LLC increased its stake in shares of Deutsche Bank Aktiengesellschaft by 1.1% during the third quarter. Baron Wealth Management LLC now owns 27,401 shares of the bank’s stock worth $970,000 after purchasing an additional 302 shares during the period. Finally, HB Wealth Management LLC lifted 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 purchasing an additional 304 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 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.