Deutsche Bank Aktiengesellschaft (NYSE:DB) Hits New 12-Month High – What’s Next?

Deutsche Bank Aktiengesellschaft (NYSE:DB)’s stock price hit a new 52-week high during trading on Tuesday . The stock traded as high as $25.22 and last traded at $25.20, with a volume of 161831 shares traded. The stock had previously closed at $24.76.

Analyst Upgrades and Downgrades

Several analysts have weighed in on DB shares. Barclays reissued an “overweight” rating on shares of Deutsche Bank Aktiengesellschaft in a report on Monday, February 3rd. The Goldman Sachs Group upgraded Deutsche Bank Aktiengesellschaft to a “strong-buy” rating in a research report on Thursday, January 30th. Morgan Stanley restated an “overweight” rating on shares of Deutsche Bank Aktiengesellschaft in a research report on Friday, March 7th. StockNews.com raised shares of Deutsche Bank Aktiengesellschaft from a “hold” rating to a “buy” rating in a research note on Wednesday, February 5th. Finally, Citigroup reissued a “neutral” rating on shares of Deutsche Bank Aktiengesellschaft in a research report on Monday, February 3rd. One investment analyst has rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Buy”.

Deutsche Bank Aktiengesellschaft Stock Down 2.2 %

The stock has a market cap of $49.19 billion, a price-to-earnings ratio of 17.77 and a beta of 1.23. The company has a debt-to-equity ratio of 1.45, a current ratio of 0.74 and a quick ratio of 0.78. The firm’s 50-day moving average is $21.34 and its 200 day moving average is $18.61.

Deutsche Bank Aktiengesellschaft (NYSE:DB) last issued its earnings results on Thursday, January 30th. The bank reported $0.16 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.27). Deutsche Bank Aktiengesellschaft had a return on equity of 3.90% and a net margin of 4.66%. Sell-side analysts anticipate that Deutsche Bank Aktiengesellschaft will post 2.93 earnings per share for the current fiscal year.

Deutsche Bank Aktiengesellschaft Increases Dividend

The business also recently announced an annual dividend, which will be paid on Tuesday, May 27th. Investors of record on Monday, May 26th will be issued a dividend of $0.5122 per share. This is an increase from Deutsche Bank Aktiengesellschaft’s previous annual dividend of $0.33. This represents a dividend yield of 1.7%. The ex-dividend date is Friday, May 23rd. Deutsche Bank Aktiengesellschaft’s dividend payout ratio (DPR) is presently 15.18%.

Institutional Trading of Deutsche Bank Aktiengesellschaft

Hedge funds and other institutional investors have recently modified their holdings of the business. Capital International Investors lifted its holdings in Deutsche Bank Aktiengesellschaft by 9.4% in the fourth quarter. Capital International Investors now owns 87,660,818 shares of the bank’s stock worth $1,510,097,000 after acquiring an additional 7,558,488 shares during the last quarter. Norges Bank bought a new position in Deutsche Bank Aktiengesellschaft during the 4th quarter worth $773,016,000. Amundi increased its position in Deutsche Bank Aktiengesellschaft by 23.6% in the fourth quarter. Amundi now owns 39,176,325 shares of the bank’s stock worth $678,926,000 after buying an additional 7,484,594 shares during the period. Marshall Wace LLP grew its position in shares of Deutsche Bank Aktiengesellschaft by 18.7% during the fourth quarter. Marshall Wace LLP now owns 15,034,039 shares of the bank’s stock worth $258,903,000 after acquiring an additional 2,369,480 shares during the last quarter. Finally, Franklin Resources Inc. increased its holdings in shares of Deutsche Bank Aktiengesellschaft by 199.8% in the 4th quarter. Franklin Resources Inc. now owns 12,931,689 shares of the bank’s stock worth $222,715,000 after acquiring an additional 8,617,662 shares during the period. 27.90% of the stock is owned by hedge funds and other institutional investors.

Deutsche Bank Aktiengesellschaft Company Profile

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.