Shares of Deutsche Bank Aktiengesellschaft (NYSE:DB - Get Free Report) hit a new 52-week high during trading on Tuesday . The company traded as high as $25.22 and last traded at $25.20, with a volume of 161831 shares trading hands. The stock had previously closed at $24.76.
Analysts Set New Price Targets
A number of equities analysts have recently commented on the company. Citigroup reaffirmed a "neutral" rating on shares of Deutsche Bank Aktiengesellschaft in a report on Monday, February 3rd. Barclays restated an "overweight" rating on shares of Deutsche Bank Aktiengesellschaft in a research note on Monday, February 3rd. StockNews.com upgraded Deutsche Bank Aktiengesellschaft from a "hold" rating to a "buy" rating in a research report on Wednesday, February 5th. The Goldman Sachs Group upgraded shares of Deutsche Bank Aktiengesellschaft to a "strong-buy" rating in a research report on Thursday, January 30th. Finally, Morgan Stanley reaffirmed an "overweight" rating on shares of Deutsche Bank Aktiengesellschaft in a report on Friday, March 7th. One investment analyst has rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Buy".
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Deutsche Bank Aktiengesellschaft Stock Performance
The company has a market capitalization of $47.76 billion, a P/E ratio of 17.25 and a beta of 1.23. The company has a quick ratio of 0.78, a current ratio of 0.74 and a debt-to-equity ratio of 1.45. The company's 50-day moving average is $21.55 and its two-hundred day moving average is $18.70.
Deutsche Bank Aktiengesellschaft (NYSE:DB - Get Free Report) last posted its quarterly earnings data on Thursday, January 30th. The bank reported $0.16 earnings per share for the quarter, missing the consensus estimate of $0.43 by ($0.27). Deutsche Bank Aktiengesellschaft had a net margin of 4.66% and a return on equity of 3.90%. Equities analysts anticipate that Deutsche Bank Aktiengesellschaft will post 2.93 earnings per share for the current fiscal year.
Deutsche Bank Aktiengesellschaft Increases Dividend
The company also recently disclosed an annual dividend, which will be paid on Tuesday, May 27th. Stockholders of record on Monday, May 26th will be issued a $0.5122 dividend. This is a boost from Deutsche Bank Aktiengesellschaft's previous annual dividend of $0.33. This represents a dividend yield of 1.7%. The ex-dividend date is Friday, May 23rd. Deutsche Bank Aktiengesellschaft's dividend payout ratio is presently 15.18%.
Hedge Funds Weigh In On Deutsche Bank Aktiengesellschaft
Large investors have recently modified their holdings of the company. Charles Schwab Investment Management Inc. grew its position in Deutsche Bank Aktiengesellschaft by 16.6% during the third quarter. Charles Schwab Investment Management Inc. now owns 143,505 shares of the bank's stock valued at $2,484,000 after acquiring an additional 20,478 shares during the last quarter. Cerity Partners LLC grew its holdings in shares of Deutsche Bank Aktiengesellschaft by 77.2% during the 3rd quarter. Cerity Partners LLC now owns 98,381 shares of the bank's stock valued at $1,703,000 after purchasing an additional 42,860 shares during the last quarter. FMR LLC raised its position in Deutsche Bank Aktiengesellschaft by 13.7% in the 3rd quarter. FMR LLC now owns 1,647,327 shares of the bank's stock worth $28,419,000 after purchasing an additional 198,404 shares during the period. Townsquare Capital LLC purchased a new stake in Deutsche Bank Aktiengesellschaft during the third quarter valued at about $273,000. Finally, Healthcare of Ontario Pension Plan Trust Fund bought a new position in shares of Deutsche Bank Aktiengesellschaft during the third quarter valued at about $3,022,000. 27.90% of the stock is owned by hedge funds and other institutional investors.
Deutsche Bank Aktiengesellschaft Company Profile
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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.
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