Deutsche Bank Aktiengesellschaft (NYSE:DB) Sets New 52-Week High – Here’s What Happened

Shares of Deutsche Bank Aktiengesellschaft (NYSE:DB) reached a new 52-week high on Tuesday . The stock traded as high as $18.13 and last traded at $18.11, with a volume of 1088122 shares changing hands. The stock had previously closed at $17.40.

Analyst Ratings Changes

Separately, StockNews.com raised Deutsche Bank Aktiengesellschaft from a “hold” rating to a “buy” rating in a report on Wednesday, December 18th. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy”.

Deutsche Bank Aktiengesellschaft Stock Up 4.4 %

The firm’s 50-day moving average price is $17.17 and its 200 day moving average price is $16.67. The company has a market capitalization of $36.20 billion, a price-to-earnings ratio of 9.32 and a beta of 1.20. The company has a current ratio of 0.78, a quick ratio of 0.78 and a debt-to-equity ratio of 1.47.

Hedge Funds Weigh In On Deutsche Bank Aktiengesellschaft

Institutional investors have recently added to or reduced their stakes in the stock. Versant Capital Management Inc bought a new stake in shares of Deutsche Bank Aktiengesellschaft in the 4th quarter valued at $26,000. SYSTM Wealth Solutions LLC acquired a new position in Deutsche Bank Aktiengesellschaft during the second quarter worth $31,000. Wilmington Savings Fund Society FSB purchased a new stake in shares of Deutsche Bank Aktiengesellschaft in the third quarter valued at about $43,000. Allworth Financial LP raised its holdings in shares of Deutsche Bank Aktiengesellschaft by 3,738.1% in the third quarter. Allworth Financial LP now owns 8,252 shares of the bank’s stock valued at $143,000 after purchasing an additional 8,037 shares during the last quarter. Finally, Benjamin F. Edwards & Company Inc. purchased a new stake in shares of Deutsche Bank Aktiengesellschaft in the second quarter valued at about $135,000. 27.90% of the stock is currently owned by institutional investors and hedge funds.

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.