Deutsche Bank Aktiengesellschaft (NYSE:DB) Reaches New 1-Year High - Time to Buy?

Deutsche Bank Aktiengesellschaft (NYSE:DB - Get Free Report)'s share price hit a new 52-week high during trading on Tuesday . The stock traded as high as $19.41 and last traded at $19.44, with a volume of 11554 shares traded. The stock had previously closed at $19.08.

Wall Street Analyst Weigh In

Separately, StockNews.com downgraded Deutsche Bank Aktiengesellschaft from a "buy" rating to a "hold" rating in a report on Thursday, January 16th. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold".

Deutsche Bank Aktiengesellschaft Stock Up 2.9 %

The company has a debt-to-equity ratio of 1.47, a quick ratio of 0.78 and a current ratio of 0.78. The company has a market cap of $39.11 billion, a price-to-earnings ratio of 10.07 and a beta of 1.20. The business's 50 day simple moving average is $17.34 and its 200-day simple moving average is $16.75.

Hedge Funds Weigh In On Deutsche Bank Aktiengesellschaft

Several hedge funds and other institutional investors have recently added to or reduced their stakes in DB. Park Avenue Securities LLC boosted its stake in Deutsche Bank Aktiengesellschaft by 5.1% during the 4th quarter. Park Avenue Securities LLC now owns 23,083 shares of the bank's stock valued at $394,000 after purchasing an additional 1,113 shares during the period. Rhumbline Advisers lifted its stake in shares of Deutsche Bank Aktiengesellschaft by 4.3% in the second quarter. Rhumbline Advisers now owns 30,018 shares of the bank's stock valued at $478,000 after buying an additional 1,230 shares during the period. Versant Capital Management Inc acquired a new stake in Deutsche Bank Aktiengesellschaft during the fourth quarter worth about $26,000. US Bancorp DE raised its holdings in Deutsche Bank Aktiengesellschaft by 3.5% in the 3rd quarter. US Bancorp DE now owns 46,587 shares of the bank's stock valued at $806,000 after acquiring an additional 1,590 shares in the last quarter. Finally, Atomi Financial Group Inc. lifted its position in shares of Deutsche Bank Aktiengesellschaft by 9.7% in the 4th quarter. Atomi Financial Group Inc. now owns 19,810 shares of the bank's stock worth $338,000 after acquiring an additional 1,749 shares during the period. Institutional investors own 27.90% of the company's stock.

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.