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

Deutsche Bank Aktiengesellschaft (NYSE:DBGet Free Report) has received an average recommendation of “Hold” from the eleven brokerages that are presently covering the company, Marketbeat reports. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company.

DB has been the topic of several recent research reports. Morgan Stanley reaffirmed an “overweight” rating on shares of Deutsche Bank Aktiengesellschaft in a report on Thursday, January 8th. Zacks Research cut Deutsche Bank Aktiengesellschaft from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, December 30th. Weiss Ratings restated a “buy (b)” rating on shares of Deutsche Bank Aktiengesellschaft in a research report on Wednesday, January 21st. Citigroup restated a “sell” rating on shares of Deutsche Bank Aktiengesellschaft in a research report on Thursday, January 22nd. Finally, Wall Street Zen upgraded Deutsche Bank Aktiengesellschaft from a “hold” rating to a “buy” rating in a research report on Saturday, December 20th.

Read Our Latest Stock Analysis on Deutsche Bank Aktiengesellschaft

Deutsche Bank Aktiengesellschaft News Roundup

Here are the key news stories impacting Deutsche Bank Aktiengesellschaft this week:

Deutsche Bank Aktiengesellschaft Price Performance

Shares of Deutsche Bank Aktiengesellschaft stock opened at $29.47 on Friday. The company has a 50 day moving average price of $36.88 and a 200 day moving average price of $36.36. The company has a quick ratio of 0.78, a current ratio of 0.76 and a debt-to-equity ratio of 1.43. Deutsche Bank Aktiengesellschaft has a 52 week low of $18.89 and a 52 week high of $40.43.

Deutsche Bank Aktiengesellschaft (NYSE:DBGet Free Report) last issued its quarterly earnings results on Thursday, January 29th. The bank reported $0.88 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.72 by $0.16. The business had revenue of $8.99 billion for the quarter, compared to analyst estimates of $7.71 billion. Deutsche Bank Aktiengesellschaft had a net margin of 10.02% and a return on equity of 7.49%. As a group, equities research analysts predict that Deutsche Bank Aktiengesellschaft will post 2.93 earnings per share for the current fiscal year.

Deutsche Bank Aktiengesellschaft Increases Dividend

The business also recently declared an annual dividend, which will be paid on Tuesday, June 2nd. Investors of record on Monday, June 1st will be issued a $1.00 dividend. This is a boost from Deutsche Bank Aktiengesellschaft’s previous annual dividend of $0.51. This represents a dividend yield of 251.0%. The ex-dividend date of this dividend is Monday, June 1st.

Institutional Investors Weigh In On Deutsche Bank Aktiengesellschaft

A number of hedge funds have recently modified their holdings of the company. Norges Bank acquired a new stake in shares of Deutsche Bank Aktiengesellschaft during the 2nd quarter worth about $719,395,000. Amundi lifted its holdings in Deutsche Bank Aktiengesellschaft by 22.0% during the 3rd quarter. Amundi now owns 49,597,003 shares of the bank’s stock worth $1,732,919,000 after buying an additional 8,932,484 shares in the last quarter. AQR Capital Management LLC increased its position in shares of Deutsche Bank Aktiengesellschaft by 2,731.8% during the fourth quarter. AQR Capital Management LLC now owns 7,969,257 shares of the bank’s stock worth $309,477,000 after acquiring an additional 7,687,841 shares during the period. Credit Agricole S A acquired a new stake in shares of Deutsche Bank Aktiengesellschaft in the third quarter valued at $237,336,000. Finally, Fisher Asset Management LLC boosted its stake in shares of Deutsche Bank Aktiengesellschaft by 35.0% in the 2nd quarter. Fisher Asset Management LLC now owns 25,471,401 shares of the bank’s stock valued at $745,803,000 after buying an additional 6,605,750 shares during the period. Hedge funds and other institutional investors own 27.90% of the company’s stock.

About Deutsche Bank Aktiengesellschaft

(Get Free Report)

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.

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Analyst Recommendations for Deutsche Bank Aktiengesellschaft (NYSE:DB)

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