Deutsche Bank Aktiengesellschaft (NYSE:DB) Rating Increased to Strong-Buy at The Goldman Sachs Group

The Goldman Sachs Group upgraded shares of Deutsche Bank Aktiengesellschaft (NYSE:DB) to a strong-buy rating in a report released on Thursday morning,Zacks.com reports.

Separately, StockNews.com raised shares of Deutsche Bank Aktiengesellschaft from a “hold” rating to a “buy” rating in a research report on Tuesday, January 28th. One analyst has rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Deutsche Bank Aktiengesellschaft presently has a consensus rating of “Buy”.

Deutsche Bank Aktiengesellschaft Trading Down 1.1 %

Shares of NYSE:DB opened at $19.53 on Thursday. Deutsche Bank Aktiengesellschaft has a 52-week low of $12.43 and a 52-week high of $20.45. The company has a debt-to-equity ratio of 1.47, a quick ratio of 0.78 and a current ratio of 0.78. The company has a market capitalization of $38.89 billion, a P/E ratio of 10.01 and a beta of 1.20. The company has a 50-day simple moving average of $17.90 and a 200 day simple moving average of $16.95.

Deutsche Bank Aktiengesellschaft (NYSE:DB) last released its quarterly earnings data on Thursday, January 30th. The bank reported $0.16 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.27). Deutsche Bank Aktiengesellschaft had a net margin of 6.40% and a return on equity of 5.35%. Sell-side analysts forecast that Deutsche Bank Aktiengesellschaft will post 2.46 earnings per share for the current year.

Institutional Investors Weigh In On Deutsche Bank Aktiengesellschaft

A number of institutional investors have recently modified their holdings of DB. Venturi Wealth Management LLC increased its stake in Deutsche Bank Aktiengesellschaft by 1.6% during the 4th quarter. Venturi Wealth Management LLC now owns 32,990 shares of the bank’s stock worth $562,000 after acquiring an additional 513 shares during the period. Truist Financial Corp grew its holdings in shares of Deutsche Bank Aktiengesellschaft by 4.8% during the 4th quarter. Truist Financial Corp now owns 13,801 shares of the bank’s stock worth $235,000 after purchasing an additional 636 shares in the last quarter. Bleakley Financial Group LLC raised its stake in Deutsche Bank Aktiengesellschaft by 9.3% in the fourth quarter. Bleakley Financial Group LLC now owns 11,607 shares of the bank’s stock valued at $198,000 after purchasing an additional 990 shares in the last quarter. Park Avenue Securities LLC lifted its position in Deutsche Bank Aktiengesellschaft by 5.1% during the fourth quarter. Park Avenue Securities LLC now owns 23,083 shares of the bank’s stock worth $394,000 after purchasing an additional 1,113 shares during the period. Finally, Versant Capital Management Inc acquired a new stake in Deutsche Bank Aktiengesellschaft during the fourth quarter worth about $26,000. Institutional investors own 27.90% of the company’s stock.

About Deutsche Bank Aktiengesellschaft

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.