Deutsche Bank Aktiengesellschaft (NYSE:DB) Given Consensus Rating of “Hold” by Brokerages

Shares of Deutsche Bank Aktiengesellschaft (NYSE:DB) have received an average recommendation of “Hold” from the eleven research firms that are presently covering the firm, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation, five have assigned a hold recommendation, four have given a buy recommendation and one has assigned a strong buy recommendation to the company.

A number of brokerages have recently issued reports on DB. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Deutsche Bank Aktiengesellschaft in a report on Wednesday, January 21st. Citigroup restated a “sell” rating on shares of Deutsche Bank Aktiengesellschaft in a research report on Thursday, January 22nd. Jefferies Financial Group started coverage on Deutsche Bank Aktiengesellschaft in a report on Monday, October 20th. They issued a “hold” rating for the company. Zacks Research downgraded Deutsche Bank Aktiengesellschaft from a “strong-buy” rating to a “hold” rating in a report on Tuesday, December 30th. Finally, Morgan Stanley reissued an “overweight” rating on shares of Deutsche Bank Aktiengesellschaft in a report on Thursday, January 8th.

Deutsche Bank Aktiengesellschaft Stock Down 3.8%

Shares of NYSE:DB opened at $35.27 on Monday. The company has a quick ratio of 0.78, a current ratio of 0.76 and a debt-to-equity ratio of 1.43. The company has a 50-day moving average price of $38.46 and a 200-day moving average price of $36.57. Deutsche Bank Aktiengesellschaft has a 12 month low of $18.89 and a 12 month high of $40.43.

Deutsche Bank Aktiengesellschaft (NYSE:DB) last issued its quarterly earnings data on Thursday, January 29th. The bank reported $0.88 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.72 by $0.16. Deutsche Bank Aktiengesellschaft had a net margin of 10.02% and a return on equity of 7.49%. The business had revenue of $8.99 billion for the quarter, compared to the consensus estimate of $7.71 billion. Equities research analysts expect 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, June 2nd. Shareholders of record on Monday, June 1st will be given a $1.00 dividend. The ex-dividend date is Monday, June 1st. This is a positive change from Deutsche Bank Aktiengesellschaft’s previous annual dividend of $0.51. This represents a yield of 251.0%.

Institutional Investors Weigh In On Deutsche Bank Aktiengesellschaft

Several large investors have recently made changes to their positions in DB. Root Financial Partners LLC bought a new stake in shares of Deutsche Bank Aktiengesellschaft in the 3rd quarter valued at approximately $27,000. Salomon & Ludwin LLC grew its holdings in Deutsche Bank Aktiengesellschaft by 2,807.4% during the 3rd quarter. Salomon & Ludwin LLC now owns 785 shares of the bank’s stock valued at $28,000 after purchasing an additional 758 shares during the last quarter. Triumph Capital Management purchased a new stake in Deutsche Bank Aktiengesellschaft in the 3rd quarter worth about $32,000. Cary Street Partners Investment Advisory LLC grew its position in Deutsche Bank Aktiengesellschaft by 61.8% in the 3rd quarter. Cary Street Partners Investment Advisory LLC now owns 1,081 shares of the bank’s stock valued at $38,000 after acquiring an additional 413 shares during the last quarter. Finally, Geneos Wealth Management Inc. increased its stake in Deutsche Bank Aktiengesellschaft by 178.0% in the second quarter. Geneos Wealth Management Inc. now owns 1,376 shares of the bank’s stock worth $40,000 after purchasing an additional 881 shares during the period. 27.90% of the stock is owned by institutional investors.

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.