Deutsche Bank Aktiengesellschaft (NYSE:DB) Upgraded to Buy at StockNews.com

Deutsche Bank Aktiengesellschaft (NYSE:DB) was upgraded by StockNews.com from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Wednesday.

Separately, The Goldman Sachs Group raised shares of Deutsche Bank Aktiengesellschaft to a “strong-buy” rating in a research report on Thursday, January 30th. One equities research analyst has rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Buy”.

Deutsche Bank Aktiengesellschaft Price Performance

Shares of NYSE DB traded up $0.07 during mid-day trading on Wednesday, hitting $18.95. 1,996,957 shares of the company’s stock traded hands, compared to its average volume of 1,870,185. The company has a debt-to-equity ratio of 1.45, a current ratio of 0.74 and a quick ratio of 0.78. Deutsche Bank Aktiengesellschaft has a 1 year low of $12.43 and a 1 year high of $20.45. The company’s 50-day moving average is $18.05 and its two-hundred day moving average is $17.00. The company has a market capitalization of $37.74 billion, a P/E ratio of 13.63 and a beta of 1.22.

Deutsche Bank Aktiengesellschaft (NYSE:DB) last released its quarterly earnings results on Thursday, January 30th. The bank reported $0.16 earnings per share for the quarter, missing the consensus estimate of $0.43 by ($0.27). Deutsche Bank Aktiengesellschaft had a net margin of 4.66% and a return on equity of 3.90%. On average, equities analysts anticipate that Deutsche Bank Aktiengesellschaft will post 3.01 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the business. Versant Capital Management Inc acquired a new stake in shares of Deutsche Bank Aktiengesellschaft during the 4th quarter worth approximately $26,000. Wilmington Savings Fund Society FSB acquired a new position in shares of Deutsche Bank Aktiengesellschaft in the third quarter worth about $43,000. Activest Wealth Management purchased a new stake in shares of Deutsche Bank Aktiengesellschaft during the 4th quarter worth about $86,000. Smartleaf Asset Management LLC increased its stake in shares of Deutsche Bank Aktiengesellschaft by 218.4% in the 4th quarter. Smartleaf Asset Management LLC now owns 7,278 shares of the bank’s stock valued at $125,000 after purchasing an additional 4,992 shares in the last quarter. Finally, Allworth Financial LP raised its holdings in Deutsche Bank Aktiengesellschaft by 3,738.1% in the 3rd quarter. Allworth Financial LP now owns 8,252 shares of the bank’s stock worth $143,000 after purchasing an additional 8,037 shares during the period. Hedge funds and other institutional investors own 27.90% of the company’s stock.

About Deutsche Bank Aktiengesellschaft

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.