Deutsche Bank Aktiengesellschaft (NYSE:DB) Rating Increased to Buy at StockNews.com

Deutsche Bank Aktiengesellschaft (NYSE:DB - Get Free Report) was upgraded by equities researchers at StockNews.com from a "hold" rating to a "buy" rating in a report released on Tuesday.

Deutsche Bank Aktiengesellschaft Stock Performance

NYSE:DB traded down $0.22 during trading hours on Tuesday, reaching $19.53. The company had a trading volume of 1,618,790 shares, compared to its average volume of 1,597,496. The firm has a market cap of $38.89 billion, a price-to-earnings ratio of 10.01 and a beta of 1.20. The company has a current ratio of 0.78, a quick ratio of 0.78 and a debt-to-equity ratio of 1.47. The firm's 50 day moving average price is $17.90 and its 200-day moving average price is $16.95. Deutsche Bank Aktiengesellschaft has a 52 week low of $12.43 and a 52 week high of $20.45.

Deutsche Bank Aktiengesellschaft (NYSE:DB - Get Free Report) last released its quarterly earnings results on Thursday, January 30th. The bank reported $0.16 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.43 by ($0.27). Deutsche Bank Aktiengesellschaft had a net margin of 6.40% and a return on equity of 5.35%. On average, analysts forecast that Deutsche Bank Aktiengesellschaft will post 2.46 EPS for the current year.

Hedge Funds Weigh In On Deutsche Bank Aktiengesellschaft

Several large investors have recently added to or reduced their stakes in DB. Envestnet Asset Management Inc. boosted its stake in Deutsche Bank Aktiengesellschaft by 66.5% in the 2nd quarter. Envestnet Asset Management Inc. now owns 221,966 shares of the bank's stock worth $3,538,000 after purchasing an additional 88,644 shares during the period. AQR Capital Management LLC boosted its position in shares of Deutsche Bank Aktiengesellschaft by 15.8% during the second quarter. AQR Capital Management LLC now owns 76,152 shares of the bank's stock worth $1,214,000 after acquiring an additional 10,363 shares during the last quarter. Creative Planning grew its stake in Deutsche Bank Aktiengesellschaft by 20.4% during the second quarter. Creative Planning now owns 113,495 shares of the bank's stock valued at $1,809,000 after acquiring an additional 19,215 shares in the last quarter. Northwestern Mutual Wealth Management Co. increased its holdings in Deutsche Bank Aktiengesellschaft by 85.5% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 38,325 shares of the bank's stock valued at $611,000 after acquiring an additional 17,670 shares during the last quarter. Finally, Truist Financial Corp lifted its stake in Deutsche Bank Aktiengesellschaft by 20.1% in the 2nd quarter. Truist Financial Corp now owns 12,449 shares of the bank's stock worth $198,000 after purchasing an additional 2,087 shares in the last quarter. Hedge funds and other 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.