Deutsche Bank Aktiengesellschaft (NYSE:DB) Sets New 1-Year High – Here’s What Happened

Deutsche Bank Aktiengesellschaft (NYSE:DB)’s stock price reached a new 52-week high on Tuesday . The stock traded as high as $37.95 and last traded at $37.8850, with a volume of 579596 shares changing hands. The stock had previously closed at $37.83.

Analyst Ratings Changes

DB has been the topic of several analyst reports. Barclays raised shares of Deutsche Bank Aktiengesellschaft to a “strong-buy” rating in a research report on Friday, October 10th. Weiss Ratings reiterated a “buy (b)” rating on shares of Deutsche Bank Aktiengesellschaft in a research note on Wednesday, October 8th. Wall Street Zen upgraded Deutsche Bank Aktiengesellschaft from a “hold” rating to a “buy” rating in a report on Saturday, November 1st. Jefferies Financial Group started coverage on Deutsche Bank Aktiengesellschaft in a research note on Monday, October 20th. They issued a “hold” rating on the stock. Finally, Kepler Capital Markets cut Deutsche Bank Aktiengesellschaft from a “strong-buy” rating to a “hold” rating in a research report on Monday, July 28th. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, five have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold”.

Deutsche Bank Aktiengesellschaft Price Performance

The firm has a market capitalization of $75.81 billion, a price-to-earnings ratio of 14.03, a P/E/G ratio of 1.12 and a beta of 1.02. The company’s 50 day moving average is $35.58 and its 200 day moving average is $32.30. The company has a quick ratio of 0.79, a current ratio of 0.79 and a debt-to-equity ratio of 1.39.

Deutsche Bank Aktiengesellschaft (NYSE:DB) last posted its quarterly earnings data on Wednesday, October 29th. The bank reported $0.97 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.81 by $0.16. Deutsche Bank Aktiengesellschaft had a net margin of 7.99% and a return on equity of 6.13%. The firm had revenue of $9.44 billion during the quarter, compared to the consensus estimate of $7.75 billion. On average, equities research analysts anticipate that Deutsche Bank Aktiengesellschaft will post 2.93 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Deutsche Bank Aktiengesellschaft

Several hedge funds and other institutional investors have recently added to or reduced their stakes in DB. Vanguard Group Inc. raised its position in shares of Deutsche Bank Aktiengesellschaft by 0.5% in the 1st quarter. Vanguard Group Inc. now owns 79,404,821 shares of the bank’s stock valued at $1,892,773,000 after buying an additional 370,319 shares in the last quarter. Deutsche Bank AG boosted its stake in Deutsche Bank Aktiengesellschaft by 10.0% in the first quarter. Deutsche Bank AG now owns 47,662,928 shares of the bank’s stock valued at $1,135,808,000 after buying an additional 4,322,086 shares in the last quarter. Amundi lifted its holdings in shares of Deutsche Bank Aktiengesellschaft by 15.3% in the second quarter. Amundi now owns 40,664,519 shares of the bank’s stock worth $1,182,931,000 after acquiring an additional 5,403,011 shares during the last quarter. Fisher Asset Management LLC grew its holdings in shares of Deutsche Bank Aktiengesellschaft by 3.8% during the 3rd quarter. Fisher Asset Management LLC now owns 26,432,006 shares of the bank’s stock valued at $935,957,000 after purchasing an additional 960,605 shares during the last quarter. Finally, Norges Bank bought a new position in Deutsche Bank Aktiengesellschaft in the 2nd quarter valued at approximately $719,395,000. 27.90% of the stock is owned by institutional investors and hedge funds.

Deutsche Bank Aktiengesellschaft Company Profile

Deutsche Bank Aktiengesellschaft, a stock corporation, provides corporate and investment banking, and asset management products and services to private individuals, corporate entities, and institutional clients in Germany, the United Kingdom, rest of Europe, the Middle East, Africa, the Americas, and the Asia-Pacific.