Deutsche Bank Aktiengesellschaft (NYSE:DB) Receives Average Recommendation of “Hold” from Analysts

Deutsche Bank Aktiengesellschaft (NYSE:DB) has received an average rating of “Hold” from the five brokerages that are covering the firm, MarketBeat.com reports. Four analysts have rated the stock with a hold rating and one has issued a buy rating on the company.

A number of equities research analysts have recently commented on DB shares. StockNews.com upgraded Deutsche Bank Aktiengesellschaft from a “hold” rating to a “buy” rating in a research note on Monday, March 18th. Morgan Stanley raised shares of Deutsche Bank Aktiengesellschaft from an “equal weight” rating to an “overweight” rating in a report on Wednesday, March 27th. Erste Group Bank raised Deutsche Bank Aktiengesellschaft from a “sell” rating to a “hold” rating in a report on Wednesday, March 13th. Finally, Citigroup cut Deutsche Bank Aktiengesellschaft from a “buy” rating to a “neutral” rating in a research report on Wednesday, January 31st.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the stock. Capital International Investors boosted its position in shares of Deutsche Bank Aktiengesellschaft by 163.4% in the first quarter. Capital International Investors now owns 48,638,662 shares of the bank’s stock valued at $765,173,000 after acquiring an additional 30,173,405 shares during the period. Norges Bank bought a new position in shares of Deutsche Bank Aktiengesellschaft in the fourth quarter worth $326,093,000. Deutsche Bank AG raised its position in shares of Deutsche Bank Aktiengesellschaft by 64.0% in the third quarter. Deutsche Bank AG now owns 53,995,538 shares of the bank’s stock worth $593,411,000 after buying an additional 21,080,301 shares in the last quarter. Acadian Asset Management LLC boosted its stake in Deutsche Bank Aktiengesellschaft by 81.9% during the first quarter. Acadian Asset Management LLC now owns 16,069,955 shares of the bank’s stock valued at $253,048,000 after buying an additional 7,237,525 shares during the period. Finally, Capital International Inc. CA grew its position in Deutsche Bank Aktiengesellschaft by 414.1% during the first quarter. Capital International Inc. CA now owns 7,371,601 shares of the bank’s stock worth $115,971,000 after buying an additional 5,937,749 shares in the last quarter. Hedge funds and other institutional investors own 27.90% of the company’s stock.

Deutsche Bank Aktiengesellschaft Stock Down 0.9 %

DB opened at $16.72 on Thursday. Deutsche Bank Aktiengesellschaft has a fifty-two week low of $9.82 and a fifty-two week high of $17.95. The firm has a market capitalization of $34.56 billion, a P/E ratio of 7.30, a PEG ratio of 0.96 and a beta of 1.30. The company’s 50-day moving average is $16.17 and its 200 day moving average is $14.10. The company has a debt-to-equity ratio of 1.40, a current ratio of 0.80 and a quick ratio of 0.80.

Deutsche Bank Aktiengesellschaft (NYSE:DB) last announced its earnings results on Thursday, April 25th. The bank reported $0.75 earnings per share for the quarter, topping analysts’ consensus estimates of $0.66 by $0.09. The firm had revenue of $8.45 billion for the quarter, compared to the consensus estimate of $8.13 billion. Deutsche Bank Aktiengesellschaft had a return on equity of 5.47% and a net margin of 6.68%. Research analysts expect that Deutsche Bank Aktiengesellschaft will post 2.2 earnings per share for the current fiscal year.

Deutsche Bank Aktiengesellschaft Cuts Dividend

The business also recently announced an annual dividend, which was paid on Tuesday, May 21st. Shareholders of record on Thursday, May 16th were given a dividend of $0.3313 per share. The ex-dividend date was Friday, May 17th. This represents a dividend yield of 2.05%.

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.