Keefe, Bruyette & Woods Upgrades Deutsche Bank Aktiengesellschaft (NYSE:DB) to “Hold”

Deutsche Bank Aktiengesellschaft (NYSE:DB) was upgraded by stock analysts at Keefe, Bruyette & Woods from a “moderate sell” rating to a “hold” rating in a research note issued on Thursday,Zacks.com reports.

Other equities research analysts also recently issued research reports about the company. Oddo Bhf raised Deutsche Bank Aktiengesellschaft to an “outperform” rating in a research report on Friday, May 8th. Morgan Stanley reiterated an “overweight” rating on shares of Deutsche Bank Aktiengesellschaft in a research report on Thursday, July 2nd. Weiss Ratings lowered Deutsche Bank Aktiengesellschaft from a “buy (b)” rating to a “buy (b-)” rating in a report on Wednesday, May 6th. Wall Street Zen downgraded Deutsche Bank Aktiengesellschaft from a “buy” rating to a “hold” rating in a research note on Saturday, June 6th. Finally, Citigroup raised shares of Deutsche Bank Aktiengesellschaft from a “sell” rating to a “hold” rating in a research report on Thursday, April 9th. Four investment analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $43.00.

Deutsche Bank Aktiengesellschaft Stock Performance

Shares of DB stock traded up $0.40 on Thursday, hitting $35.80. The company’s stock had a trading volume of 1,377,318 shares, compared to its average volume of 2,416,118. Deutsche Bank Aktiengesellschaft has a fifty-two week low of $28.12 and a fifty-two week high of $40.43. The company has a debt-to-equity ratio of 1.40, a quick ratio of 0.74 and a current ratio of 0.74. The stock’s 50 day moving average is $33.22 and its 200-day moving average is $34.30. The company has a market capitalization of $69.44 billion, a PE ratio of 9.86, a PEG ratio of 0.49 and a beta of 0.94.

Deutsche Bank Aktiengesellschaft (NYSE:DB) last posted its quarterly earnings data on Wednesday, April 29th. The bank reported $1.24 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.15 by $0.09. Deutsche Bank Aktiengesellschaft had a net margin of 10.43% and a return on equity of 7.69%. The firm had revenue of $10.04 billion during the quarter, compared to the consensus estimate of $9.85 billion. Equities research analysts expect that Deutsche Bank Aktiengesellschaft will post 3.91 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. GAMMA Investing LLC grew its holdings in shares of Deutsche Bank Aktiengesellschaft by 51.6% during the 2nd quarter. GAMMA Investing LLC now owns 814 shares of the bank’s stock valued at $27,000 after purchasing an additional 277 shares during the last quarter. Triumph Capital Management bought a new stake in shares of Deutsche Bank Aktiengesellschaft during the third quarter worth $32,000. Geneos Wealth Management Inc. grew its stake in shares of Deutsche Bank Aktiengesellschaft by 178.0% during the second quarter. Geneos Wealth Management Inc. now owns 1,376 shares of the bank’s stock worth $40,000 after buying an additional 881 shares during the last quarter. Advisory Services Network LLC acquired a new position in shares of Deutsche Bank Aktiengesellschaft during the third quarter worth $59,000. Finally, GHP Investment Advisors Inc. bought a new position in shares of Deutsche Bank Aktiengesellschaft in the 1st quarter valued at $64,000. Institutional investors own 27.90% of the company’s stock.

About Deutsche Bank Aktiengesellschaft

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.