Deutsche Bank Aktiengesellschaft (NYSE:DB) Upgraded at Citigroup

Citigroup upgraded shares of Deutsche Bank Aktiengesellschaft (NYSE:DB) from a sell rating to a hold rating in a report published on Thursday, Marketbeat reports.

Several other research firms have also recently weighed in on DB. Morgan Stanley reaffirmed an “overweight” rating on shares of Deutsche Bank Aktiengesellschaft in a research note on Thursday, January 8th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Deutsche Bank Aktiengesellschaft in a research note on Wednesday, January 21st. Zacks Research cut Deutsche Bank Aktiengesellschaft from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, December 30th. Finally, Wall Street Zen cut Deutsche Bank Aktiengesellschaft from a “buy” rating to a “hold” rating in a research note on Saturday, March 14th. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy”.

Deutsche Bank Aktiengesellschaft Trading Down 0.3%

Shares of DB opened at $32.45 on Thursday. The business’s 50-day moving average price is $33.01 and its 200 day moving average price is $35.46. The stock has a market capitalization of $62.94 billion, a P/E ratio of 9.46, a P/E/G ratio of 0.42 and a beta of 1.03. Deutsche Bank Aktiengesellschaft has a 1-year low of $21.63 and a 1-year high of $40.43. The company has a current ratio of 1.10, a quick ratio of 1.10 and a debt-to-equity ratio of 1.39.

Deutsche Bank Aktiengesellschaft (NYSE:DB) last issued its quarterly earnings results on Thursday, January 29th. The bank reported $0.88 earnings per share 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 analysts’ expectations of $7.71 billion. Deutsche Bank Aktiengesellschaft had a return on equity of 7.44% and a net margin of 10.02%. 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 announced an annual dividend, which will be paid on Tuesday, June 2nd. Shareholders of record on Monday, June 1st will be given a dividend of $1.00 per share. The ex-dividend date of this dividend is Monday, June 1st. This is an increase 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

Large investors have recently added to or reduced their stakes in the stock. Root Financial Partners LLC bought a new stake in Deutsche Bank Aktiengesellschaft during the third quarter worth approximately $27,000. Salomon & Ludwin LLC boosted its position in shares of Deutsche Bank Aktiengesellschaft by 2,807.4% in the third quarter. Salomon & Ludwin LLC now owns 785 shares of the bank’s stock valued at $28,000 after acquiring an additional 758 shares during the period. Triumph Capital Management bought a new stake in shares of Deutsche Bank Aktiengesellschaft in the third quarter valued at approximately $32,000. Cary Street Partners Investment Advisory LLC boosted its position in shares of Deutsche Bank Aktiengesellschaft by 61.8% in the third 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 period. Finally, Geneos Wealth Management Inc. boosted its position in shares of Deutsche Bank Aktiengesellschaft by 178.0% in the second quarter. Geneos Wealth Management Inc. now owns 1,376 shares of the bank’s stock valued at $40,000 after acquiring an additional 881 shares during the period. Institutional investors own 27.90% of the company’s stock.

About Deutsche Bank Aktiengesellschaft

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.