Deutsche Bank Aktiengesellschaft (NYSE:DB) Receives Consensus Rating of “Hold” from Analysts

Deutsche Bank Aktiengesellschaft (NYSE:DB) has been assigned an average rating of “Hold” from the eleven ratings firms that are currently covering the stock, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, five have given a hold recommendation, four have issued a buy recommendation and one has issued a strong buy recommendation on the company.

DB has been the subject of a number of analyst reports. 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. Morgan Stanley reissued an “overweight” rating on shares of Deutsche Bank Aktiengesellschaft in a report on Thursday, January 8th. Wall Street Zen lowered shares of Deutsche Bank Aktiengesellschaft from a “buy” rating to a “hold” rating in a research note on Saturday, March 14th. Citigroup reiterated a “sell” rating on shares of Deutsche Bank Aktiengesellschaft in a research report on Thursday, January 22nd. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Deutsche Bank Aktiengesellschaft in a report on Wednesday, January 21st.

Institutional Trading of Deutsche Bank Aktiengesellschaft

Several large investors have recently modified their holdings of DB. TD Waterhouse Canada Inc. grew its stake in Deutsche Bank Aktiengesellschaft by 43.2% during the third quarter. TD Waterhouse Canada Inc. now owns 131,626 shares of the bank’s stock worth $4,673,000 after buying an additional 39,717 shares in the last quarter. Mediolanum International Funds Ltd raised its position in shares of Deutsche Bank Aktiengesellschaft by 50.8% in the 3rd quarter. Mediolanum International Funds Ltd now owns 273,437 shares of the bank’s stock valued at $9,632,000 after buying an additional 92,166 shares in the last quarter. Commerzbank Aktiengesellschaft FI raised its position in shares of Deutsche Bank Aktiengesellschaft by 574.0% in the 3rd quarter. Commerzbank Aktiengesellschaft FI now owns 3,125,577 shares of the bank’s stock valued at $110,677,000 after buying an additional 2,661,833 shares in the last quarter. Liontrust Investment Partners LLP bought a new stake in shares of Deutsche Bank Aktiengesellschaft during the 2nd quarter worth approximately $147,318,000. Finally, Generali Asset Management SPA SGR boosted its position in shares of Deutsche Bank Aktiengesellschaft by 51.9% during the 3rd quarter. Generali Asset Management SPA SGR now owns 408,691 shares of the bank’s stock worth $14,472,000 after acquiring an additional 139,630 shares in the last quarter. 27.90% of the stock is owned by institutional investors and hedge funds.

Deutsche Bank Aktiengesellschaft Trading Up 0.6%

Shares of DB stock opened at $29.40 on Friday. The firm has a fifty day moving average of $35.91 and a 200-day moving average of $36.14. Deutsche Bank Aktiengesellschaft has a 12-month low of $18.89 and a 12-month high of $40.43. The company has a debt-to-equity ratio of 1.39, a current ratio of 1.10 and a quick ratio of 1.10.

Deutsche Bank Aktiengesellschaft (NYSE:DB) last posted its quarterly earnings data on Thursday, January 29th. The bank reported $0.88 earnings per share for the quarter, topping the consensus estimate of $0.72 by $0.16. Deutsche Bank Aktiengesellschaft had a return on equity of 7.44% and a net margin of 10.02%.The company had revenue of $8.99 billion during the quarter, compared to analysts’ expectations of $7.71 billion. On average, analysts predict that Deutsche Bank Aktiengesellschaft will post 2.93 EPS for the current fiscal year.

Deutsche Bank Aktiengesellschaft Increases Dividend

The business also recently disclosed an annual dividend, which will be paid on Tuesday, June 2nd. Shareholders of record on Monday, June 1st will be issued a $1.00 dividend. The ex-dividend date of this dividend is Monday, June 1st. This represents a yield of 251.0%. This is a boost from Deutsche Bank Aktiengesellschaft’s previous annual dividend of $0.51.

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.