Shares of Deutsche Bank Aktiengesellschaft (NYSE:DB – Get Free Report) have been assigned a consensus rating of “Hold” from the ten research firms that are currently covering the company, MarketBeat reports. One research analyst has rated the stock with a sell recommendation, five have assigned a hold recommendation and four have issued a buy recommendation on the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is $43.00.
DB has been the subject of several recent research reports. Zacks Research cut shares of Deutsche Bank Aktiengesellschaft from a “hold” rating to a “strong sell” rating in a report on Wednesday, July 29th. Keefe, Bruyette & Woods upgraded shares of Deutsche Bank Aktiengesellschaft from a “moderate sell” rating to a “hold” rating in a research note on Thursday, July 9th. Bank of America set a $43.00 price target on shares of Deutsche Bank Aktiengesellschaft in a research report on Tuesday, July 7th. Morgan Stanley restated an “overweight” rating on shares of Deutsche Bank Aktiengesellschaft in a research note on Thursday, July 30th. Finally, Royal Bank Of Canada restated an “outperform” rating on shares of Deutsche Bank Aktiengesellschaft in a report on Thursday, July 30th.
Read Our Latest Report on Deutsche Bank Aktiengesellschaft
Deutsche Bank Aktiengesellschaft Stock Down 0.0%
Deutsche Bank Aktiengesellschaft (NYSE:DB – Get Free Report) last released its quarterly earnings results on Thursday, July 30th. The bank reported $0.66 earnings per share for the quarter, missing analysts’ consensus estimates of $0.91 by ($0.25). Deutsche Bank Aktiengesellschaft had a return on equity of 8.46% and a net margin of 11.53%.The firm had revenue of $9.68 billion for the quarter, compared to analyst estimates of $9.30 billion. On average, analysts predict that Deutsche Bank Aktiengesellschaft will post 3.88 earnings per share for the current fiscal year.
Institutional Inflows and Outflows
Hedge funds have recently bought and sold shares of the stock. Pinnacle Holdings LLC acquired a new position in shares of Deutsche Bank Aktiengesellschaft during the 2nd quarter worth approximately $841,000. Plato Investment Management Ltd acquired a new stake in shares of Deutsche Bank Aktiengesellschaft in the 2nd quarter valued at approximately $1,244,000. Valeo Financial Advisors LLC grew its stake in shares of Deutsche Bank Aktiengesellschaft by 43.2% in the second quarter. Valeo Financial Advisors LLC now owns 9,756 shares of the bank’s stock valued at $329,000 after buying an additional 2,943 shares in the last quarter. Gradient Investments LLC increased its holdings in Deutsche Bank Aktiengesellschaft by 7.7% during the second quarter. Gradient Investments LLC now owns 160,989 shares of the bank’s stock worth $5,435,000 after buying an additional 11,530 shares during the last quarter. Finally, GAMMA Investing LLC raised its position in Deutsche Bank Aktiengesellschaft by 51.6% during the second quarter. GAMMA Investing LLC now owns 814 shares of the bank’s stock worth $27,000 after acquiring an additional 277 shares in the last quarter. 27.90% of the stock is currently owned by institutional investors.
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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