Deutsche Bank Aktiengesellschaft (NYSE:DB) Rating Increased to Neutral at Citigroup

Key Points

• Citigroup upgraded Deutsche Bank from a "sell" to a "neutral" rating in a research note, marking a notable shift in analyst sentiment.
• Deutsche Bank beat Q4 estimates, reporting $0.88 EPS versus $0.72 expected and $8.99 billion in revenue, and its shares traded up about 1.1% to $32.53.
• The analyst picture is mixed but tilted positive — MarketBeat shows an average rating of "Moderate Buy" (1 Strong Buy, 4 Buy, 6 Hold), while institutional investors like Invesco increased their stake by 24.5% to about 4.29 million shares.

Deutsche Bank Aktiengesellschaft (NYSE:DB - Get Free Report) was upgraded by research analysts at Citigroup from a "sell" rating to a "neutral" rating in a research note issued to investors on Thursday,Benzinga reports.

DB has been the subject of a number of other reports. Wall Street Zen downgraded Deutsche Bank Aktiengesellschaft from a "buy" rating to a "hold" rating in a research note on Saturday, March 14th. Morgan Stanley restated an "overweight" rating on shares of Deutsche Bank Aktiengesellschaft in a research note on Thursday, January 8th. Weiss Ratings restated a "buy (b)" rating on shares of Deutsche Bank Aktiengesellschaft in a research note on Wednesday, January 21st. Finally, Zacks Research downgraded Deutsche Bank Aktiengesellschaft from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, December 30th. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat.com, Deutsche Bank Aktiengesellschaft has an average rating of "Moderate Buy".

Deutsche Bank Aktiengesellschaft Stock Up 1.1%

Shares of DB traded up $0.37 during midday trading on Thursday, hitting $32.53. The company had a trading volume of 1,073,929 shares, compared to its average volume of 3,386,182. The company's 50 day moving average price is $33.28 and its 200 day moving average price is $35.52. The stock has a market cap of $63.10 billion, a price-to-earnings ratio of 9.48, a PEG ratio of 0.40 and a beta of 1.03. Deutsche Bank Aktiengesellschaft has a 52 week low of $20.96 and a 52 week high of $40.43. The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 1.39.

Deutsche Bank Aktiengesellschaft (NYSE:DB - Get Free Report) last released its earnings results on Thursday, January 29th. The bank reported $0.88 earnings per share for the quarter, topping the consensus estimate of $0.72 by $0.16. The company had revenue of $8.99 billion during the quarter, compared to the consensus estimate of $7.71 billion. Deutsche Bank Aktiengesellschaft had a net margin of 10.02% and a return on equity of 7.44%. On average, equities research analysts predict that Deutsche Bank Aktiengesellschaft will post 2.93 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the company. Caitong International Asset Management Co. Ltd grew its position in Deutsche Bank Aktiengesellschaft by 22,576.9% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 2,948 shares of the bank's stock worth $114,000 after purchasing an additional 2,935 shares during the last quarter. Groupama Asset Managment lifted its stake in shares of Deutsche Bank Aktiengesellschaft by 4.7% in the 4th quarter. Groupama Asset Managment now owns 147,750 shares of the bank's stock worth $5,697,000 after acquiring an additional 6,670 shares during the period. SG Trading Solutions LLC acquired a new stake in shares of Deutsche Bank Aktiengesellschaft in the 4th quarter worth approximately $1,379,000. Compound Planning Inc. lifted its stake in shares of Deutsche Bank Aktiengesellschaft by 6.3% in the 4th quarter. Compound Planning Inc. now owns 51,974 shares of the bank's stock worth $2,004,000 after acquiring an additional 3,064 shares during the period. Finally, Invesco Ltd. lifted its stake in shares of Deutsche Bank Aktiengesellschaft by 24.5% in the 4th quarter. Invesco Ltd. now owns 4,289,794 shares of the bank's stock worth $165,414,000 after acquiring an additional 843,170 shares during the period. Institutional investors own 27.90% of the company's stock.

Deutsche Bank Aktiengesellschaft Company Profile

Deutsche Bank Aktiengesellschaft is a global banking and financial services company headquartered in Frankfurt, Germany. Founded in 1870 to support German foreign trade, the firm has grown into a full-service bank offering a wide range of banking, advisory and transaction services to corporate, institutional, and private clients. Over its history the bank has expanded internationally and developed capabilities across capital markets, investment banking, retail and commercial banking, and wealth management.

The bank's core business activities include corporate and investment banking—covering financing, advisory, sales and trading, and capital markets services—along with private & commercial banking for individual and small-to-medium enterprise clients.

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