Deutsche Bank Aktiengesellschaft (NYSE:DB) Given Consensus Rating of “Moderate Buy” by Brokerages

Shares of Deutsche Bank Aktiengesellschaft (NYSE:DB) have earned a consensus rating of “Moderate Buy” from the five research firms that are currently covering the stock, MarketBeat.com reports. Two investment analysts have rated the stock with a hold recommendation, two have issued a buy recommendation and one has assigned a strong buy recommendation to the company.

Several analysts have recently commented on DB shares. The Goldman Sachs Group raised Deutsche Bank Aktiengesellschaft to a “strong-buy” rating in a report on Thursday, January 30th. Barclays reissued an “overweight” rating on shares of Deutsche Bank Aktiengesellschaft in a report on Monday, February 3rd. Morgan Stanley reaffirmed an “overweight” rating on shares of Deutsche Bank Aktiengesellschaft in a research note on Monday, February 3rd. StockNews.com upgraded shares of Deutsche Bank Aktiengesellschaft from a “hold” rating to a “buy” rating in a research note on Wednesday, February 5th. Finally, Citigroup restated a “neutral” rating on shares of Deutsche Bank Aktiengesellschaft in a research report on Monday, February 3rd.

Deutsche Bank Aktiengesellschaft Stock Up 1.5 %

Shares of Deutsche Bank Aktiengesellschaft stock opened at $20.60 on Friday. The company has a market cap of $41.03 billion, a P/E ratio of 14.82 and a beta of 1.22. The firm has a fifty day moving average of $18.69 and a two-hundred day moving average of $17.45. The company has a debt-to-equity ratio of 1.45, a quick ratio of 0.78 and a current ratio of 0.74. Deutsche Bank Aktiengesellschaft has a one year low of $13.22 and a one year high of $20.96.

Deutsche Bank Aktiengesellschaft (NYSE:DB) last posted its quarterly earnings results on Thursday, January 30th. The bank reported $0.16 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.43 by ($0.27). Deutsche Bank Aktiengesellschaft had a return on equity of 3.90% and a net margin of 4.66%. On average, analysts forecast that Deutsche Bank Aktiengesellschaft will post 2.93 earnings per share for the current year.

Deutsche Bank Aktiengesellschaft Increases Dividend

The firm also recently disclosed an annual dividend, which will be paid on Tuesday, May 27th. Investors of record on Monday, May 26th will be paid a $0.5122 dividend. This represents a yield of 1.7%. This is a boost from Deutsche Bank Aktiengesellschaft’s previous annual dividend of $0.33. The ex-dividend date of this dividend is Friday, May 23rd. Deutsche Bank Aktiengesellschaft’s dividend payout ratio is presently 51.08%.

Hedge Funds Weigh In On Deutsche Bank Aktiengesellschaft

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Creative Planning increased its stake in shares of Deutsche Bank Aktiengesellschaft by 26.1% during the 3rd quarter. Creative Planning now owns 143,117 shares of the bank’s stock worth $2,477,000 after purchasing an additional 29,622 shares in the last quarter. Raymond James & Associates increased its position in Deutsche Bank Aktiengesellschaft by 30.4% during the third quarter. Raymond James & Associates now owns 336,986 shares of the bank’s stock worth $5,833,000 after buying an additional 78,517 shares in the last quarter. Allspring Global Investments Holdings LLC raised its holdings in shares of Deutsche Bank Aktiengesellschaft by 329,898.6% in the third quarter. Allspring Global Investments Holdings LLC now owns 699,597 shares of the bank’s stock worth $12,101,000 after acquiring an additional 699,385 shares during the last quarter. Signaturefd LLC lifted its position in shares of Deutsche Bank Aktiengesellschaft by 8.8% in the third quarter. Signaturefd LLC now owns 35,403 shares of the bank’s stock valued at $613,000 after acquiring an additional 2,866 shares in the last quarter. Finally, Legacy Capital Group California Inc. acquired a new stake in shares of Deutsche Bank Aktiengesellschaft during the third quarter valued at $195,000. Institutional investors and hedge funds own 27.90% of the company’s stock.

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.