Deutsche Bank Aktiengesellschaft (NYSE:DB) Stock Keeps “Buy” Rating at Warburg Research

Warburg Research reiterated their buy rating on shares of Deutsche Bank Aktiengesellschaft (NYSE:DB) in a report released on Wednesday.

Several other brokerages have also weighed in on DB. Morgan Stanley reaffirmed an “overweight” rating on shares of Deutsche Bank Aktiengesellschaft in a research report on Wednesday, September 2nd. Zacks Research raised shares of Deutsche Bank Aktiengesellschaft from a “strong sell” rating to a “hold” rating in a research note on Thursday, August 27th. Bank of America set a $43.00 target price on shares of Deutsche Bank Aktiengesellschaft in a research report on Tuesday, July 7th. Weiss Ratings upgraded Deutsche Bank Aktiengesellschaft from a “buy (b-)” rating to a “buy (b)” rating in a research report on Wednesday, July 29th. Finally, Royal Bank Of Canada reissued an “outperform” rating on shares of Deutsche Bank Aktiengesellschaft in a report on Thursday, July 30th. Ten analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $43.00.

Deutsche Bank Aktiengesellschaft Stock Up 0.1%

DB stock opened at $33.67 on Wednesday. The firm has a market cap of $65.33 billion, a price-to-earnings ratio of 8.98, a PEG ratio of 0.47 and a beta of 1.00. Deutsche Bank Aktiengesellschaft has a 1-year low of $28.12 and a 1-year high of $41.62. The firm has a fifty day moving average price of $38.03 and a two-hundred day moving average price of $34.75. The company has a debt-to-equity ratio of 1.35, a current ratio of 0.72 and a quick ratio of 0.72.

Deutsche Bank Aktiengesellschaft (NYSE:DB) last posted its quarterly earnings results on Thursday, July 30th. The bank reported $0.66 EPS for the quarter, missing the consensus estimate of $0.91 by ($0.25). The business had revenue of $9.68 billion during the quarter, compared to analyst estimates of $9.30 billion. Deutsche Bank Aktiengesellschaft had a net margin of 11.53% and a return on equity of 8.46%. Research analysts predict that Deutsche Bank Aktiengesellschaft will post 3.89 EPS for the current year.

Hedge Funds Weigh In On Deutsche Bank Aktiengesellschaft

Several large investors have recently made changes to their positions in the business. Amundi raised its holdings in shares of Deutsche Bank Aktiengesellschaft by 11.4% during the first quarter. Amundi now owns 60,059,707 shares of the bank’s stock worth $1,788,578,000 after acquiring an additional 6,139,611 shares in the last quarter. Bank of America Corp DE boosted its holdings in Deutsche Bank Aktiengesellschaft by 83.1% in the 1st quarter. Bank of America Corp DE now owns 21,420,171 shares of the bank’s stock valued at $637,893,000 after purchasing an additional 9,719,181 shares during the period. DekaBank Deutsche Girozentrale grew its position in Deutsche Bank Aktiengesellschaft by 5.4% in the 1st quarter. DekaBank Deutsche Girozentrale now owns 18,743,906 shares of the bank’s stock worth $600,821,000 after purchasing an additional 957,307 shares during the last quarter. Kahn Brothers Group Inc. bought a new position in shares of Deutsche Bank Aktiengesellschaft during the 2nd quarter worth about $297,800,000. Finally, Artemis Investment Management LLP raised its position in shares of Deutsche Bank Aktiengesellschaft by 242.2% during the third quarter. Artemis Investment Management LLP now owns 4,997,095 shares of the bank’s stock valued at $180,435,000 after buying an additional 3,536,604 shares during the last quarter. Institutional investors own 27.90% of the company’s stock.

About Deutsche Bank Aktiengesellschaft

Deutsche Bank Aktiengesellschaft is a Germany-based global financial services company headquartered in Frankfurt. Founded in 1870, the bank serves corporations, institutions, governments, entrepreneurs and private clients through a broad range of banking and financial services.

Its principal business areas include Corporate Bank, Investment Bank, Private Bank and Asset Management. Services include transaction banking, lending, cash management, trade finance, investment banking, securities trading, wealth management, retail banking and asset management.