Deutsche Bank Aktiengesellschaft (NYSE:DB) Raised to Buy at StockNews.com

Deutsche Bank Aktiengesellschaft (NYSE:DB) was upgraded by StockNews.com from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Tuesday.

Deutsche Bank Aktiengesellschaft Stock Performance

DB stock traded up $0.07 during trading on Tuesday, reaching $20.12. 1,543,068 shares of the company’s stock were exchanged, compared to its average volume of 1,734,192. The firm has a market cap of $40.07 billion, a PE ratio of 10.32 and a beta of 1.20. The company has a quick ratio of 0.78, a current ratio of 0.78 and a debt-to-equity ratio of 1.47. The company’s fifty day moving average price is $17.70 and its 200-day moving average price is $16.88. Deutsche Bank Aktiengesellschaft has a 1-year low of $12.43 and a 1-year high of $20.19.

Institutional Investors Weigh In On Deutsche Bank Aktiengesellschaft

Several hedge funds have recently bought and sold shares of DB. Bleakley Financial Group LLC lifted its stake in Deutsche Bank Aktiengesellschaft by 9.3% in the fourth quarter. Bleakley Financial Group LLC now owns 11,607 shares of the bank’s stock valued at $198,000 after acquiring an additional 990 shares during the last quarter. Park Avenue Securities LLC grew its holdings in Deutsche Bank Aktiengesellschaft by 5.1% during the fourth quarter. Park Avenue Securities LLC now owns 23,083 shares of the bank’s stock valued at $394,000 after purchasing an additional 1,113 shares during the last quarter. Versant Capital Management Inc acquired a new stake in shares of Deutsche Bank Aktiengesellschaft in the fourth quarter worth $26,000. US Bancorp DE grew its position in shares of Deutsche Bank Aktiengesellschaft by 3.5% in the third quarter. US Bancorp DE now owns 46,587 shares of the bank’s stock valued at $806,000 after purchasing an additional 1,590 shares during the last quarter. Finally, Atomi Financial Group Inc. boosted its stake in Deutsche Bank Aktiengesellschaft by 9.7% during the 4th quarter. Atomi Financial Group Inc. now owns 19,810 shares of the bank’s stock valued at $338,000 after purchasing an additional 1,749 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.