Deutsche Bank Aktiengesellschaft (NYSE:DB) Upgraded at Cfra Research

Cfra Research upgraded shares of Deutsche Bank Aktiengesellschaft (NYSE:DB) from a moderate sell rating to a hold rating in a report released on Wednesday,Zacks.com reports.

A number of other brokerages also recently issued reports on DB. Morgan Stanley restated an “overweight” rating on shares of Deutsche Bank Aktiengesellschaft in a research report on Friday, March 7th. Barclays restated an “overweight” rating on shares of Deutsche Bank Aktiengesellschaft in a research report on Monday, February 3rd. Citigroup reiterated a “neutral” rating on shares of Deutsche Bank Aktiengesellschaft in a research report on Monday, February 3rd. Royal Bank of Canada restated an “outperform” rating on shares of Deutsche Bank Aktiengesellschaft in a report on Monday, March 24th. Finally, The Goldman Sachs Group upgraded Deutsche Bank Aktiengesellschaft to a “strong-buy” rating in a report on Thursday, January 30th. Two analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy”.

Deutsche Bank Aktiengesellschaft Trading Up 1.4 %

DB opened at $26.78 on Wednesday. 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 fifty-two week low of $13.70 and a fifty-two week high of $26.96. The company’s 50 day moving average price is $23.53 and its two-hundred day moving average price is $19.91. The firm has a market capitalization of $53.35 billion, a price-to-earnings ratio of 19.27 and a beta of 1.03.

Deutsche Bank Aktiengesellschaft (NYSE:DB) last issued its quarterly earnings data on Tuesday, April 29th. The bank reported $1.04 earnings per share for the quarter, topping the consensus estimate of $0.85 by $0.19. The company had revenue of $8.97 billion for the quarter, compared to analysts’ expectations of $7.95 billion. Deutsche Bank Aktiengesellschaft had a net margin of 4.66% and a return on equity of 3.90%. As a group, research analysts predict that Deutsche Bank Aktiengesellschaft will post 2.93 earnings per share for the current year.

Deutsche Bank Aktiengesellschaft Increases Dividend

The business also recently declared an annual dividend, which will be paid on Tuesday, May 27th. Shareholders of record on Monday, May 26th will be paid a $0.5122 dividend. This is an increase from Deutsche Bank Aktiengesellschaft’s previous annual dividend of $0.33. This represents a yield of 1.7%. The ex-dividend date of this dividend is Friday, May 23rd. Deutsche Bank Aktiengesellschaft’s payout ratio is 15.18%.

Hedge Funds Weigh In On Deutsche Bank Aktiengesellschaft

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Wilmington Savings Fund Society FSB bought a new position in Deutsche Bank Aktiengesellschaft in the third quarter worth approximately $43,000. Versant Capital Management Inc bought a new position in shares of Deutsche Bank Aktiengesellschaft in the 4th quarter worth $26,000. Aprio Wealth Management LLC grew its position in Deutsche Bank Aktiengesellschaft by 28.1% in the 4th quarter. Aprio Wealth Management LLC now owns 19,138 shares of the bank’s stock valued at $326,000 after purchasing an additional 4,197 shares during the period. Assenagon Asset Management S.A. increased its stake in Deutsche Bank Aktiengesellschaft by 31.7% during the 4th quarter. Assenagon Asset Management S.A. now owns 120,572 shares of the bank’s stock valued at $2,078,000 after purchasing an additional 29,042 shares in the last quarter. Finally, Kathmere Capital Management LLC raised its holdings in Deutsche Bank Aktiengesellschaft by 15.1% during the fourth quarter. Kathmere Capital Management LLC now owns 17,036 shares of the bank’s stock worth $290,000 after buying an additional 2,233 shares during the last quarter. Institutional investors 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.