Deutsche Bank Aktiengesellschaft (NYSE:DB) Upgraded to Strong-Buy at The Goldman Sachs Group

The Goldman Sachs Group upgraded shares of Deutsche Bank Aktiengesellschaft (NYSE:DB) to a strong-buy rating in a research note published on Thursday morning,Zacks.com reports.

Separately, StockNews.com raised Deutsche Bank Aktiengesellschaft from a “hold” rating to a “buy” rating in a research note on Tuesday. One investment analyst has rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Buy”.

Deutsche Bank Aktiengesellschaft Stock Performance

Deutsche Bank Aktiengesellschaft stock opened at $19.53 on Thursday. The stock has a 50-day simple moving average of $17.90 and a 200 day simple moving average of $16.95. The stock 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 quick ratio of 0.78, a current ratio of 0.78 and a debt-to-equity ratio of 1.47. Deutsche Bank Aktiengesellschaft has a 12-month low of $12.43 and a 12-month high of $20.45.

Deutsche Bank Aktiengesellschaft (NYSE:DB) last announced 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, research analysts anticipate that Deutsche Bank Aktiengesellschaft will post 2.46 earnings per share for the current fiscal year.

Institutional Trading of Deutsche Bank Aktiengesellschaft

Large investors have recently bought and sold shares of the business. Commerzbank Aktiengesellschaft FI increased its holdings in Deutsche Bank Aktiengesellschaft by 31,975.7% during the 3rd quarter. Commerzbank Aktiengesellschaft FI now owns 5,259,492 shares of the bank’s stock worth $91,042,000 after purchasing an additional 5,275,992 shares in the last quarter. Wellington Management Group LLP grew its holdings in shares of Deutsche Bank Aktiengesellschaft by 332.0% during the third quarter. Wellington Management Group LLP now owns 2,194,855 shares of the bank’s stock worth $37,964,000 after buying an additional 1,686,776 shares in the last quarter. Public Employees Retirement System of Ohio acquired a new stake in Deutsche Bank Aktiengesellschaft in the 3rd quarter valued at approximately $28,515,000. Allspring Global Investments Holdings LLC lifted its stake in Deutsche Bank Aktiengesellschaft by 329,898.6% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 699,597 shares of the bank’s stock valued at $12,101,000 after acquiring an additional 699,385 shares in the last quarter. Finally, M&G PLC acquired a new position in Deutsche Bank Aktiengesellschaft during the 3rd quarter worth approximately $10,354,000. 27.90% of the stock is owned by institutional investors.

About Deutsche Bank Aktiengesellschaft

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.