Deutsche Bank Aktiengesellschaft (NYSE:DB) Upgraded at Wall Street Zen

Deutsche Bank Aktiengesellschaft (NYSE:DB) was upgraded by investment analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a report released on Saturday.

Several other equities research analysts also recently commented on the company. Jefferies Financial Group began coverage on Deutsche Bank Aktiengesellschaft in a report on Monday, October 20th. They issued a “hold” rating for the company. Barclays upgraded shares of Deutsche Bank Aktiengesellschaft to a “strong-buy” rating in a research note on Friday, October 10th. Weiss Ratings restated a “buy (b)” rating on shares of Deutsche Bank Aktiengesellschaft in a research report on Wednesday, October 8th. Zacks Research downgraded shares of Deutsche Bank Aktiengesellschaft from a “strong-buy” rating to a “hold” rating in a research report on Friday, August 22nd. Finally, The Goldman Sachs Group cut Deutsche Bank Aktiengesellschaft from a “buy” rating to a “neutral” rating in a report on Tuesday, August 26th. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold”.

Deutsche Bank Aktiengesellschaft Price Performance

Shares of DB opened at $38.63 on Friday. Deutsche Bank Aktiengesellschaft has a twelve month low of $16.60 and a twelve month high of $38.78. The company has a market capitalization of $76.96 billion, a P/E ratio of 14.26, a price-to-earnings-growth ratio of 0.41 and a beta of 0.95. The firm has a 50 day moving average of $35.81 and a 200 day moving average of $33.92. The company has a quick ratio of 0.78, a current ratio of 0.78 and a debt-to-equity ratio of 1.40.

Deutsche Bank Aktiengesellschaft (NYSE:DB) last issued its earnings results on Wednesday, October 29th. The bank reported $0.97 EPS for the quarter, beating the consensus estimate of $0.81 by $0.16. The business had revenue of $9.44 billion for the quarter, compared to the consensus estimate of $7.75 billion. Deutsche Bank Aktiengesellschaft had a return on equity of 5.97% and a net margin of 7.99%. As a group, equities research analysts anticipate that Deutsche Bank Aktiengesellschaft will post 2.93 earnings per share for the current fiscal year.

Institutional Trading of Deutsche Bank Aktiengesellschaft

Several hedge funds have recently bought and sold shares of the stock. Allworth Financial LP raised its stake in shares of Deutsche Bank Aktiengesellschaft by 57.5% in the third quarter. Allworth Financial LP now owns 3,376 shares of the bank’s stock worth $120,000 after buying an additional 1,233 shares during the period. Groupama Asset Managment lifted its holdings in Deutsche Bank Aktiengesellschaft by 0.8% during the third quarter. Groupama Asset Managment now owns 141,080 shares of the bank’s stock valued at $4,996,000 after purchasing an additional 1,158 shares in the last quarter. CIBC Private Wealth Group LLC boosted its position in shares of Deutsche Bank Aktiengesellschaft by 320.5% in the third quarter. CIBC Private Wealth Group LLC now owns 2,834 shares of the bank’s stock worth $100,000 after purchasing an additional 2,160 shares during the period. CIBC Bancorp USA Inc. purchased a new stake in shares of Deutsche Bank Aktiengesellschaft in the third quarter worth $209,000. Finally, Achmea Investment Management B.V. bought a new stake in shares of Deutsche Bank Aktiengesellschaft during the 3rd quarter valued at $4,489,000. Institutional investors 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.