Deutsche Bank Aktiengesellschaft (NYSE:DB) Reaches New 12-Month High - What's Next?

Deutsche Bank Aktiengesellschaft (NYSE:DB - Get Free Report)'s share price hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $20.08 and last traded at $20.15, with a volume of 145172 shares changing hands. The stock had previously closed at $20.05.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded Deutsche Bank Aktiengesellschaft from a "hold" rating to a "buy" rating in a research note on Tuesday. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy".

Deutsche Bank Aktiengesellschaft Stock Performance

The company has a 50-day moving average of $17.83 and a 200-day moving average of $16.93. The firm has a market capitalization 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.

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

Hedge Funds Weigh In On Deutsche Bank Aktiengesellschaft

A number of hedge funds and other institutional investors have recently bought and sold shares of DB. Wellington Management Group LLP lifted its holdings in shares of Deutsche Bank Aktiengesellschaft by 332.0% in the 3rd quarter. Wellington Management Group LLP now owns 2,194,855 shares of the bank's stock worth $37,964,000 after purchasing an additional 1,686,776 shares during the last quarter. Cerity Partners LLC lifted its stake in Deutsche Bank Aktiengesellschaft by 77.2% in the third quarter. Cerity Partners LLC now owns 98,381 shares of the bank's stock valued at $1,703,000 after buying an additional 42,860 shares during the last quarter. Ritholtz Wealth Management boosted its holdings in shares of Deutsche Bank Aktiengesellschaft by 10.9% during the fourth quarter. Ritholtz Wealth Management now owns 162,545 shares of the bank's stock valued at $2,771,000 after acquiring an additional 15,917 shares during the period. Vanderbilt University bought a new position in shares of Deutsche Bank Aktiengesellschaft during the third quarter worth about $525,000. Finally, Assenagon Asset Management S.A. increased its holdings in shares of Deutsche Bank Aktiengesellschaft by 31.7% in the 4th quarter. Assenagon Asset Management S.A. now owns 120,572 shares of the bank's stock worth $2,078,000 after acquiring an additional 29,042 shares during the period. 27.90% of the stock is currently owned by institutional investors and hedge funds.

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.