Deutsche Bank Aktiengesellschaft (NYSE:DB) Hits New 52-Week High - What's Next?

Key Points

• Deutsche Bank shares reached a new 52-week high, rising 3.5% to $40.65 before last trading at $40.497, above the prior close of $39.04.
• Analyst sentiment is mixed but leans positive: four analysts rate the stock a Buy, four Hold, and one Sell, producing an average “Hold” rating and a $43.00 price target.
• In its latest quarter, Deutsche Bank reported $0.66 in EPS, missing the $0.91 consensus estimate, although revenue of $9.68 billion exceeded expectations; institutional investors own 27.9% of the stock.

Deutsche Bank Aktiengesellschaft (NYSE:DB - Get Free Report)'s stock price reached a new 52-week high during trading on Wednesday . The company traded as high as $40.65 and last traded at $40.4970, with a volume of 627406 shares trading hands. The stock had previously closed at $39.04.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on DB. Bank of America set a $43.00 price target on Deutsche Bank Aktiengesellschaft in a report on Tuesday, July 7th. Royal Bank Of Canada restated an "outperform" rating on shares of Deutsche Bank Aktiengesellschaft in a report on Thursday, July 30th. Weiss Ratings raised shares of Deutsche Bank Aktiengesellschaft from a "buy (b-)" rating to a "buy (b)" rating in a research note on Wednesday, July 29th. Citigroup reiterated a "neutral" rating on shares of Deutsche Bank Aktiengesellschaft in a research report on Monday, July 20th. Finally, Morgan Stanley reissued an "overweight" rating on shares of Deutsche Bank Aktiengesellschaft in a research note on Thursday, July 30th. Four research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $43.00.

Deutsche Bank Aktiengesellschaft Trading Up 3.5%

The company's 50 day simple moving average is $36.25 and its 200 day simple moving average is $33.79. The company has a debt-to-equity ratio of 1.35, a current ratio of 0.72 and a quick ratio of 0.72. The firm has a market cap of $78.35 billion, a price-to-earnings ratio of 10.79, a P/E/G ratio of 0.54 and a beta of 0.94.

Deutsche Bank Aktiengesellschaft (NYSE:DB - Get Free Report) last released its earnings results on Thursday, July 30th. The bank reported $0.66 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.91 by ($0.25). Deutsche Bank Aktiengesellschaft had a net margin of 11.53% and a return on equity of 8.46%. The company had revenue of $9.68 billion during the quarter, compared to analysts' expectations of $9.30 billion. As a group, research analysts expect that Deutsche Bank Aktiengesellschaft will post 3.88 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Deutsche Bank Aktiengesellschaft

Several hedge funds and other institutional investors have recently made changes to their positions in DB. AQR Capital Management LLC raised its holdings in Deutsche Bank Aktiengesellschaft by 15.9% in the first quarter. AQR Capital Management LLC now owns 126,101 shares of the bank's stock valued at $3,005,000 after acquiring an additional 17,262 shares in the last quarter. Focus Partners Wealth acquired a new position in Deutsche Bank Aktiengesellschaft during the 1st quarter worth approximately $795,000. Sivia Capital Partners LLC acquired a new position in Deutsche Bank Aktiengesellschaft during the 2nd quarter worth approximately $413,000. Rhumbline Advisers increased its position in shares of Deutsche Bank Aktiengesellschaft by 4.5% in the 2nd quarter. Rhumbline Advisers now owns 27,750 shares of the bank's stock valued at $813,000 after purchasing an additional 1,187 shares during the last quarter. Finally, First Trust Advisors LP raised its holdings in shares of Deutsche Bank Aktiengesellschaft by 24.1% in the 2nd quarter. First Trust Advisors LP now owns 528,327 shares of the bank's stock valued at $15,620,000 after purchasing an additional 102,754 shares in the last quarter. Hedge funds and other institutional investors own 27.90% of the company's stock.

About Deutsche Bank Aktiengesellschaft

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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