Deutsche Bank Aktiengesellschaft (NYSE:DB) Downgraded by StockNews.com to Hold

StockNews.com cut shares of Deutsche Bank Aktiengesellschaft (NYSE:DB) from a buy rating to a hold rating in a report released on Friday morning.

Deutsche Bank Aktiengesellschaft Stock Performance

Shares of DB stock opened at $15.68 on Friday. The stock has a fifty day moving average of $16.38 and a 200 day moving average of $15.29. Deutsche Bank Aktiengesellschaft has a 52 week low of $10.00 and a 52 week high of $17.95. The firm has a market capitalization of $32.40 billion, a price-to-earnings ratio of 6.85, a PEG ratio of 2.45 and a beta of 1.22. The company has a quick ratio of 0.80, a current ratio of 0.78 and a debt-to-equity ratio of 1.43.

Deutsche Bank Aktiengesellschaft (NYSE:DB) last posted its quarterly earnings data on Thursday, April 25th. The bank reported $0.75 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.66 by $0.09. The business had revenue of $8.45 billion during the quarter, compared to the consensus estimate of $8.13 billion. Deutsche Bank Aktiengesellschaft had a return on equity of 4.69% and a net margin of 5.56%. As a group, research analysts expect that Deutsche Bank Aktiengesellschaft will post 2.29 earnings per share for the current year.

Deutsche Bank Aktiengesellschaft Cuts Dividend

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

Hedge Funds Weigh In On Deutsche Bank Aktiengesellschaft

Institutional investors and hedge funds have recently modified their holdings of the stock. Blue Trust Inc. increased its holdings 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 valued at $53,000 after acquiring an additional 2,674 shares in the last quarter. Parallel Advisors LLC increased its holdings in Deutsche Bank Aktiengesellschaft by 26.9% in the 4th quarter. Parallel Advisors LLC now owns 5,483 shares of the bank’s stock worth $74,000 after buying an additional 1,163 shares in the last quarter. EverSource Wealth Advisors LLC increased its holdings in Deutsche Bank Aktiengesellschaft by 20.5% in the 1st quarter. EverSource Wealth Advisors LLC now owns 7,368 shares of the bank’s stock worth $118,000 after buying an additional 1,251 shares in the last quarter. Headlands Technologies LLC bought a new stake in Deutsche Bank Aktiengesellschaft in the 4th quarter worth about $119,000. Finally, Leo Wealth LLC bought a new stake in Deutsche Bank Aktiengesellschaft in the 1st quarter worth about $159,000. 27.90% of the stock is currently owned by institutional investors.

Deutsche Bank Aktiengesellschaft Company Profile

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.