Deutsche Bank Aktiengesellschaft (NYSE:DB) Upgraded by Morgan Stanley to Overweight

Morgan Stanley upgraded shares of Deutsche Bank Aktiengesellschaft (NYSE:DB) from an equal weight rating to an overweight rating in a research note published on Wednesday morning, Marketbeat.com reports.

A number of other research analysts have also issued reports on DB. StockNews.com upgraded Deutsche Bank Aktiengesellschaft from a hold rating to a buy rating in a research report on Monday, March 18th. Citigroup lowered Deutsche Bank Aktiengesellschaft from a buy rating to a neutral rating in a research report on Wednesday, January 31st. Finally, Erste Group Bank raised Deutsche Bank Aktiengesellschaft from a sell rating to a hold rating in a research note on Wednesday, March 13th. Four analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of Hold.

Deutsche Bank Aktiengesellschaft Trading Up 3.9 %

NYSE:DB opened at $15.96 on Wednesday. Deutsche Bank Aktiengesellschaft has a 12-month low of $9.52 and a 12-month high of $15.97. The firm has a market capitalization of $32.99 billion, a P/E ratio of 7.29, a P/E/G ratio of 0.86 and a beta of 1.30. The company has a debt-to-equity ratio of 1.56, a current ratio of 1.14 and a quick ratio of 1.14. The business has a 50 day simple moving average of $13.66 and a 200 day simple moving average of $12.49.

Deutsche Bank Aktiengesellschaft (NYSE:DB) last released its quarterly earnings data on Friday, February 2nd. The bank reported $0.72 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.37 by $0.35. Deutsche Bank Aktiengesellschaft had a return on equity of 5.37% and a net margin of 6.86%. The business had revenue of $5.81 billion during the quarter, compared to analyst estimates of $7.46 billion. Equities research analysts predict that Deutsche Bank Aktiengesellschaft will post 2.21 EPS for the current year.

Institutional Trading of Deutsche Bank Aktiengesellschaft

Hedge funds and other institutional investors have recently modified their holdings of the company. Anchor Investment Management LLC acquired a new stake in shares of Deutsche Bank Aktiengesellschaft during the fourth quarter worth $41,000. Householder Group Estate & Retirement Specialist LLC acquired a new stake in shares of Deutsche Bank Aktiengesellschaft during the third quarter worth $44,000. Blue Trust Inc. raised its position in shares of Deutsche Bank Aktiengesellschaft by 221.4% during the fourth quarter. Blue Trust Inc. now owns 3,882 shares of the bank’s stock worth $53,000 after purchasing an additional 2,674 shares during the period. Parallel Advisors LLC raised its position in shares of Deutsche Bank Aktiengesellschaft by 26.9% during the fourth quarter. Parallel Advisors LLC now owns 5,483 shares of the bank’s stock worth $74,000 after purchasing an additional 1,163 shares during the period. Finally, Commonwealth Equity Services LLC purchased a new position in shares of Deutsche Bank Aktiengesellschaft during the third quarter valued at $76,000. Institutional investors own 27.90% of the company’s stock.

Deutsche Bank Aktiengesellschaft Company Profile

Deutsche Bank Aktiengesellschaft, operates as a stock corporation, engages in the provision of corporate and investment banking, and asset management products and services to private clients, corporate entities, and institutional clients worldwide. Its Corporate Bank segment provides cash management, trade finance and lending, trust and agency, foreign exchange, and securities services, as well as risk management solutions.