Deutsche Bank Aktiengesellschaft (NYSE:DB) Reaches New 12-Month High - Here's Why

Key Points

• Deutsche Bank's shares reached a new 52-week high of $34.69 during trading, closing at $34.54 with a trading volume of 602,350 shares.
• Analyst ratings are mixed, with one analyst giving a sell rating, three giving a hold, four a buy, and one a strong buy, resulting in a consensus rating of "Moderate Buy."
• The bank reported a missed earnings expectation for the last quarter, posting $0.54 EPS against a consensus estimate of $0.78, but exceeded revenue expectations with $9.21 billion.

Deutsche Bank Aktiengesellschaft (NYSE:DB - Get Free Report) hit a new 52-week high during trading on Wednesday . The stock traded as high as $34.69 and last traded at $34.54, with a volume of 602350 shares trading hands. The stock had previously closed at $33.78.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on DB. Citigroup reissued a "sell" rating on shares of Deutsche Bank Aktiengesellschaft in a research note on Friday, July 25th. Kepler Capital Markets downgraded Deutsche Bank Aktiengesellschaft from a "strong-buy" rating to a "hold" rating in a research note on Monday, July 28th. Cfra Research raised Deutsche Bank Aktiengesellschaft from a "moderate sell" rating to a "hold" rating in a research note on Wednesday, April 30th. Bank of America began coverage on Deutsche Bank Aktiengesellschaft in a research note on Tuesday, June 10th. They issued a "buy" rating for the company. Finally, Royal Bank Of Canada reissued an "outperform" rating on shares of Deutsche Bank Aktiengesellschaft in a research note on Monday, July 28th. One analyst has rated the stock with a sell rating, three have assigned a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy".

Deutsche Bank Aktiengesellschaft Trading Up 1.8%

The company has a debt-to-equity ratio of 1.39, a current ratio of 0.79 and a quick ratio of 0.79. The stock has a market capitalization of $72.23 billion, a price-to-earnings ratio of 13.79, a PEG ratio of 0.44 and a beta of 1.02. The business has a 50 day simple moving average of $30.11 and a 200-day simple moving average of $25.78.

Deutsche Bank Aktiengesellschaft (NYSE:DB - Get Free Report) last posted its quarterly earnings data on Thursday, July 24th. The bank reported $0.54 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.78 by ($0.24). The business had revenue of $9.21 billion during the quarter, compared to analyst estimates of $7.80 billion. Deutsche Bank Aktiengesellschaft had a net margin of 7.67% and a return on equity of 6.01%. As a group, equities analysts expect that Deutsche Bank Aktiengesellschaft will post 2.93 earnings per share for the current year.

Institutional Trading of Deutsche Bank Aktiengesellschaft

Institutional investors and hedge funds have recently bought and sold shares of the business. Opal Wealth Advisors LLC acquired a new stake in shares of Deutsche Bank Aktiengesellschaft during the second quarter worth $25,000. Farther Finance Advisors LLC lifted its holdings in shares of 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 buying an additional 800 shares in the last quarter. Zions Bancorporation National Association UT acquired a new stake in shares of Deutsche Bank Aktiengesellschaft during the first quarter worth $39,000. MassMutual Private Wealth & Trust FSB lifted its holdings in shares of 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 buying an additional 424 shares in the last quarter. Finally, Allworth Financial LP lifted its holdings in shares of Deutsche Bank Aktiengesellschaft by 54.0% during the second quarter. Allworth Financial LP now owns 2,143 shares of the bank's stock worth $63,000 after buying an additional 751 shares in the last quarter. Institutional investors 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.