Deutsche Bank Aktiengesellschaft (NYSE:DB) Earns Buy Rating from Analysts at Bank of America

Investment analysts at Bank of America assumed coverage on shares of Deutsche Bank Aktiengesellschaft (NYSE:DB - Get Free Report) in a note issued to investors on Tuesday. The firm set a "buy" rating on the bank's stock.

DB has been the topic of several other reports. Royal Bank of Canada reiterated an "outperform" rating on shares of Deutsche Bank Aktiengesellschaft in a research report on Monday, March 24th. Cfra Research upgraded shares of Deutsche Bank Aktiengesellschaft from a "moderate sell" rating to a "hold" rating in a research report on Wednesday, April 30th. Finally, Morgan Stanley restated an "overweight" rating on shares of Deutsche Bank Aktiengesellschaft in a research report on Friday, March 7th. Two analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock has an average rating of "Moderate Buy".

Deutsche Bank Aktiengesellschaft Price Performance

Shares of DB stock traded up $0.39 during trading hours on Tuesday, hitting $28.30. The company's stock had a trading volume of 2,117,919 shares, compared to its average volume of 2,422,850. The business has a fifty day moving average of $25.91 and a 200-day moving average of $21.97. The stock has a market cap of $56.37 billion, a price-to-earnings ratio of 20.36 and a beta of 0.98. Deutsche Bank Aktiengesellschaft has a twelve month low of $13.70 and a twelve month high of $29.07. The company has a current ratio of 0.74, a quick ratio of 0.78 and a debt-to-equity ratio of 1.45.

Deutsche Bank Aktiengesellschaft (NYSE:DB - Get Free Report) last released its quarterly earnings results on Tuesday, April 29th. The bank reported $1.04 EPS for the quarter, beating the consensus estimate of $0.85 by $0.19. The business had revenue of $8.97 billion for the quarter, compared to analyst estimates of $7.95 billion. Deutsche Bank Aktiengesellschaft had a net margin of 4.66% and a return on equity of 3.90%. As a group, equities research analysts anticipate that Deutsche Bank Aktiengesellschaft will post 2.93 EPS for the current year.

Institutional Trading of Deutsche Bank Aktiengesellschaft

Hedge funds have recently bought and sold shares of the company. Farther Finance Advisors LLC boosted its position in Deutsche Bank Aktiengesellschaft by 96.5% during the first quarter. Farther Finance Advisors LLC now owns 1,629 shares of the bank's stock worth $39,000 after acquiring an additional 800 shares during the last quarter. Zions Bancorporation National Association UT purchased a new position in Deutsche Bank Aktiengesellschaft during the first quarter worth approximately $39,000. MassMutual Private Wealth & Trust FSB raised its stake in Deutsche Bank Aktiengesellschaft by 21.3% during the first quarter. MassMutual Private Wealth & Trust FSB now owns 2,412 shares of the bank's stock worth $57,000 after purchasing an additional 424 shares during the period. Jones Financial Companies Lllp raised its stake in Deutsche Bank Aktiengesellschaft by 1,270.5% during the fourth quarter. Jones Financial Companies Lllp now owns 4,043 shares of the bank's stock worth $69,000 after purchasing an additional 3,748 shares during the period. Finally, Kayne Anderson Rudnick Investment Management LLC raised its stake in Deutsche Bank Aktiengesellschaft by 28,293.3% during the first quarter. Kayne Anderson Rudnick Investment Management LLC now owns 4,259 shares of the bank's stock worth $101,000 after purchasing an additional 4,244 shares during the period. 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.