Deutsche Bank Aktiengesellschaft (NYSE:DB) Upgraded at StockNews.com

StockNews.com upgraded shares of Deutsche Bank Aktiengesellschaft (NYSE:DB) from a hold rating to a buy rating in a research note released on Wednesday.

Separately, The Goldman Sachs Group upgraded Deutsche Bank Aktiengesellschaft to a “strong-buy” rating in a research report on Thursday, January 30th. One equities research analyst has rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Buy”.

Deutsche Bank Aktiengesellschaft Price Performance

Deutsche Bank Aktiengesellschaft stock opened at $19.18 on Wednesday. The business’s 50-day simple moving average is $18.15 and its 200 day simple moving average is $17.03. The stock has a market cap of $38.21 billion, a price-to-earnings ratio of 13.80 and a beta of 1.22. Deutsche Bank Aktiengesellschaft has a 12-month low of $12.43 and a 12-month high of $20.45. The company has a quick ratio of 0.78, a current ratio of 0.74 and a debt-to-equity ratio of 1.45.

Deutsche Bank Aktiengesellschaft (NYSE:DB) last issued its earnings results 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 return on equity of 3.90% and a net margin of 4.66%. As a group, research analysts anticipate that Deutsche Bank Aktiengesellschaft will post 3.01 earnings per share for the current year.

Deutsche Bank Aktiengesellschaft Increases Dividend

The firm also recently disclosed an annual dividend, which will be paid on Tuesday, May 27th. Stockholders of record on Monday, May 26th will be issued a dividend of $0.5122 per share. This represents a dividend yield of 1.7%. The ex-dividend date is Friday, May 23rd. This is a boost from Deutsche Bank Aktiengesellschaft’s previous annual dividend of $0.33. Deutsche Bank Aktiengesellschaft’s payout ratio is 51.08%.

Hedge Funds Weigh In On Deutsche Bank Aktiengesellschaft

Several institutional investors have recently modified their holdings of the business. Venturi Wealth Management LLC lifted its stake in Deutsche Bank Aktiengesellschaft by 1.6% in the 4th quarter. Venturi Wealth Management LLC now owns 32,990 shares of the bank’s stock valued at $562,000 after acquiring an additional 513 shares in the last quarter. Sequoia Financial Advisors LLC lifted its stake in Deutsche Bank Aktiengesellschaft by 3.9% in the 4th quarter. Sequoia Financial Advisors LLC now owns 14,189 shares of the bank’s stock valued at $242,000 after acquiring an additional 537 shares in the last quarter. Truist Financial Corp lifted its stake in Deutsche Bank Aktiengesellschaft by 4.8% in the 4th quarter. Truist Financial Corp now owns 13,801 shares of the bank’s stock valued at $235,000 after acquiring an additional 636 shares in the last quarter. Bleakley Financial Group LLC lifted its stake in Deutsche Bank Aktiengesellschaft by 9.3% in the 4th quarter. Bleakley Financial Group LLC now owns 11,607 shares of the bank’s stock valued at $198,000 after acquiring an additional 990 shares in the last quarter. Finally, Park Avenue Securities LLC lifted its stake in Deutsche Bank Aktiengesellschaft by 5.1% in the 4th quarter. Park Avenue Securities LLC now owns 23,083 shares of the bank’s stock valued at $394,000 after acquiring an additional 1,113 shares in the last quarter. 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.