Deutsche Bank Aktiengesellschaft (NYSE:DB) Cut to “Hold” at Zacks Research

Zacks Research lowered shares of Deutsche Bank Aktiengesellschaft (NYSE:DB) from a strong-buy rating to a hold rating in a research note issued to investors on Tuesday morning,Zacks.com reports.

A number of other equities analysts have also recently commented on DB. Wall Street Zen raised shares of Deutsche Bank Aktiengesellschaft from a “hold” rating to a “buy” rating in a research note on Saturday, December 20th. Morgan Stanley reiterated an “overweight” rating on shares of Deutsche Bank Aktiengesellschaft in a research report on Monday, November 24th. Jefferies Financial Group began coverage on Deutsche Bank Aktiengesellschaft in a research note on Monday, October 20th. They issued a “hold” rating on the stock. Barclays upgraded Deutsche Bank Aktiengesellschaft to a “strong-buy” rating in a report on Friday, October 10th. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of Deutsche Bank Aktiengesellschaft in a research note on Wednesday, October 8th. 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 given a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold”.

Deutsche Bank Aktiengesellschaft Stock Down 0.6%

DB stock opened at $38.57 on Tuesday. The stock has a fifty day moving average of $36.69 and a 200-day moving average of $34.61. Deutsche Bank Aktiengesellschaft has a fifty-two week low of $16.97 and a fifty-two week high of $39.78. The company has a market capitalization of $76.83 billion, a price-to-earnings ratio of 14.23, a PEG ratio of 0.41 and a beta of 0.96. The company has a debt-to-equity ratio of 1.40, a quick ratio of 0.78 and a current ratio of 0.78.

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

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the business. Opal Wealth Advisors LLC purchased a new stake in Deutsche Bank Aktiengesellschaft during the 2nd quarter worth $25,000. Root Financial Partners LLC bought a new position in shares of Deutsche Bank Aktiengesellschaft during the third quarter worth about $27,000. Salomon & Ludwin LLC grew its stake in Deutsche Bank Aktiengesellschaft by 2,807.4% in the third quarter. Salomon & Ludwin LLC now owns 785 shares of the bank’s stock worth $28,000 after purchasing an additional 758 shares in the last quarter. Triumph Capital Management bought a new stake in Deutsche Bank Aktiengesellschaft in the third quarter valued at about $32,000. Finally, Cary Street Partners Investment Advisory LLC raised its stake in Deutsche Bank Aktiengesellschaft by 61.8% during the third quarter. Cary Street Partners Investment Advisory LLC now owns 1,081 shares of the bank’s stock valued at $38,000 after buying an additional 413 shares in the last quarter. Hedge funds and other 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.