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

Shares of Deutsche Bank Aktiengesellschaft (NYSE:DB) have been assigned a consensus recommendation of “Hold” from the eleven analysts that are covering the firm, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company.

A number of equities analysts have issued reports on DB shares. Zacks Research downgraded shares of Deutsche Bank Aktiengesellschaft from a “strong-buy” rating to a “hold” rating in a report on Tuesday, December 30th. Morgan Stanley reaffirmed an “overweight” rating on shares of Deutsche Bank Aktiengesellschaft in a report on Thursday, January 8th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Deutsche Bank Aktiengesellschaft in a report on Wednesday, January 21st. Citigroup reaffirmed a “sell” rating on shares of Deutsche Bank Aktiengesellschaft in a report on Thursday, January 22nd. Finally, Wall Street Zen downgraded shares of Deutsche Bank Aktiengesellschaft from a “buy” rating to a “hold” rating in a report on Saturday, March 14th.

Deutsche Bank Aktiengesellschaft Price Performance

DB opened at $30.07 on Tuesday. The company has a debt-to-equity ratio of 1.39, a current ratio of 1.10 and a quick ratio of 1.10. The company has a market capitalization of $58.33 billion, a price-to-earnings ratio of 8.77, a P/E/G ratio of 0.40 and a beta of 1.03. The firm’s fifty day moving average price is $33.63 and its two-hundred day moving average price is $35.58. Deutsche Bank Aktiengesellschaft has a 1 year low of $18.89 and a 1 year high of $40.43.

Deutsche Bank Aktiengesellschaft (NYSE:DB) last posted its quarterly earnings data on Thursday, January 29th. The bank reported $0.88 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.72 by $0.16. The firm had revenue of $8.99 billion for the quarter, compared to the consensus estimate of $7.71 billion. Deutsche Bank Aktiengesellschaft had a net margin of 10.02% and a return on equity of 7.44%. As a group, analysts anticipate that Deutsche Bank Aktiengesellschaft will post 2.93 earnings per share for the current fiscal year.

Deutsche Bank Aktiengesellschaft Increases Dividend

The business also recently declared an annual dividend, which will be paid on Tuesday, June 2nd. Investors of record on Monday, June 1st will be issued a $1.00 dividend. This is an increase from Deutsche Bank Aktiengesellschaft’s previous annual dividend of $0.51. The ex-dividend date of this dividend is Monday, June 1st. This represents a dividend yield of 251.0%.

Hedge Funds Weigh In On Deutsche Bank Aktiengesellschaft

A number of hedge funds and other institutional investors have recently made changes to their positions in DB. Root Financial Partners LLC purchased a new position in shares of Deutsche Bank Aktiengesellschaft in the 3rd quarter worth about $27,000. Salomon & Ludwin LLC boosted its holdings in shares of Deutsche Bank Aktiengesellschaft by 2,807.4% in the 3rd quarter. Salomon & Ludwin LLC now owns 785 shares of the bank’s stock worth $28,000 after buying an additional 758 shares during the last quarter. Triumph Capital Management purchased a new position in shares of Deutsche Bank Aktiengesellschaft in the 3rd quarter worth about $32,000. Cary Street Partners Investment Advisory LLC boosted its holdings in shares of 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 worth $38,000 after buying an additional 413 shares during the last quarter. Finally, Geneos Wealth Management Inc. boosted its holdings in shares of Deutsche Bank Aktiengesellschaft by 178.0% in the 2nd quarter. Geneos Wealth Management Inc. now owns 1,376 shares of the bank’s stock worth $40,000 after buying an additional 881 shares during the last quarter. 27.90% of the stock is owned by hedge funds and other 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.