Deutsche Bank Aktiengesellschaft (NYSE:DB) Rating Increased to Neutral at Citigroup

Deutsche Bank Aktiengesellschaft (NYSE:DB) was upgraded by equities research analysts at Citigroup from a “sell” rating to a “neutral” rating in a note issued to investors on Thursday,Benzinga reports.

Other analysts have also issued reports about the stock. Weiss Ratings reissued a “buy (b)” rating on shares of Deutsche Bank Aktiengesellschaft in a research note on Wednesday, January 21st. Zacks Research downgraded shares of Deutsche Bank Aktiengesellschaft from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, December 30th. Wall Street Zen downgraded shares of Deutsche Bank Aktiengesellschaft from a “buy” rating to a “hold” rating in a research report on Saturday, March 14th. Finally, Morgan Stanley restated an “overweight” rating on shares of Deutsche Bank Aktiengesellschaft in a research report on Thursday, January 8th. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat, Deutsche Bank Aktiengesellschaft presently has an average rating of “Moderate Buy”.

Deutsche Bank Aktiengesellschaft Price Performance

Shares of NYSE:DB traded up $0.37 during trading on Thursday, reaching $32.53. The company had a trading volume of 1,073,929 shares, compared to its average volume of 3,386,182. Deutsche Bank Aktiengesellschaft has a twelve month low of $20.96 and a twelve month high of $40.43. The firm has a market capitalization of $63.10 billion, a PE ratio of 9.48, a price-to-earnings-growth ratio of 0.40 and a beta of 1.03. The firm’s fifty day moving average is $33.28 and its 200 day moving average is $35.52. The company has a debt-to-equity ratio of 1.39, a quick ratio of 1.10 and a current ratio of 1.10.

Deutsche Bank Aktiengesellschaft (NYSE:DB) last released its earnings results on Thursday, January 29th. The bank reported $0.88 EPS for the quarter, beating the consensus estimate of $0.72 by $0.16. Deutsche Bank Aktiengesellschaft had a net margin of 10.02% and a return on equity of 7.44%. The business had revenue of $8.99 billion during the quarter, compared to analyst estimates of $7.71 billion. On average, equities analysts forecast that Deutsche Bank Aktiengesellschaft will post 2.93 EPS for the current year.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. Root Financial Partners LLC acquired a new position in Deutsche Bank Aktiengesellschaft in the 3rd quarter valued at approximately $27,000. Salomon & Ludwin LLC increased its stake in Deutsche Bank Aktiengesellschaft by 2,807.4% in the 3rd quarter. Salomon & Ludwin LLC now owns 785 shares of the bank’s stock valued at $28,000 after buying an additional 758 shares during the period. Triumph Capital Management acquired a new position in Deutsche Bank Aktiengesellschaft in the 3rd quarter valued at approximately $32,000. Cary Street Partners Investment Advisory LLC increased its stake in Deutsche Bank Aktiengesellschaft by 61.8% in the 3rd quarter. Cary Street Partners Investment Advisory LLC now owns 1,081 shares of the bank’s stock valued at $38,000 after buying an additional 413 shares during the period. Finally, Westside Investment Management Inc. increased its stake in Deutsche Bank Aktiengesellschaft by 100.0% in the 3rd quarter. Westside Investment Management Inc. now owns 1,186 shares of the bank’s stock valued at $42,000 after buying an additional 593 shares during the period. Institutional investors and hedge funds own 27.90% of the company’s stock.

Deutsche Bank Aktiengesellschaft Company Profile

Deutsche Bank Aktiengesellschaft is a global banking and financial services company headquartered in Frankfurt, Germany. Founded in 1870 to support German foreign trade, the firm has grown into a full-service bank offering a wide range of banking, advisory and transaction services to corporate, institutional, and private clients. Over its history the bank has expanded internationally and developed capabilities across capital markets, investment banking, retail and commercial banking, and wealth management.

The bank’s core business activities include corporate and investment banking—covering financing, advisory, sales and trading, and capital markets services—along with private & commercial banking for individual and small-to-medium enterprise clients.