Deutsche Bank Aktiengesellschaft (NYSE:DB) Cut to Equal Weight at Barclays

Barclays cut shares of Deutsche Bank Aktiengesellschaft (NYSE:DBFree Report) from an overweight rating to an equal weight rating in a report released on Monday morning, Marketbeat reports.

DB has been the subject of several other reports. Morgan Stanley restated an “overweight” rating on shares of Deutsche Bank Aktiengesellschaft in a research note on Thursday, January 8th. Wall Street Zen lowered Deutsche Bank Aktiengesellschaft from a “buy” rating to a “hold” rating in a research note on Saturday, March 14th. Zacks Research lowered Deutsche Bank Aktiengesellschaft from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, December 30th. Weiss Ratings restated a “buy (b)” rating on shares of Deutsche Bank Aktiengesellschaft in a research note on Wednesday, January 21st. Finally, Citigroup raised shares of Deutsche Bank Aktiengesellschaft from a “sell” rating to a “hold” rating in a research report on Thursday, April 9th. Four equities research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Deutsche Bank Aktiengesellschaft presently has a consensus rating of “Hold”.

Read Our Latest Analysis on Deutsche Bank Aktiengesellschaft

Deutsche Bank Aktiengesellschaft Stock Down 0.5%

Shares of DB opened at $32.41 on Monday. The firm has a market cap of $62.88 billion, a PE ratio of 9.45, a price-to-earnings-growth ratio of 0.42 and a beta of 1.03. The company’s fifty day moving average is $32.23 and its two-hundred day moving average is $35.33. Deutsche Bank Aktiengesellschaft has a fifty-two week low of $24.73 and a fifty-two 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:DBGet Free Report) last announced its quarterly earnings results on Thursday, January 29th. The bank reported $0.88 earnings per share for the quarter, beating analysts’ consensus estimates of $0.72 by $0.16. The company had revenue of $8.99 billion for the quarter, compared to analyst estimates of $7.71 billion. Deutsche Bank Aktiengesellschaft had a net margin of 10.02% and a return on equity of 7.44%. Analysts forecast that Deutsche Bank Aktiengesellschaft will post 4.04 earnings per share for the current year.

Deutsche Bank Aktiengesellschaft Increases Dividend

The business also recently declared an annual dividend, which will be paid on Tuesday, June 2nd. Investors of record on Friday, May 29th will be issued a $1.00 dividend. The ex-dividend date is Friday, May 29th. This represents a yield of 251.0%. This is an increase from Deutsche Bank Aktiengesellschaft’s previous annual dividend of $0.51.

Hedge Funds Weigh In On Deutsche Bank Aktiengesellschaft

Several hedge funds and other institutional investors have recently bought and sold shares of DB. Root Financial Partners LLC acquired a new position in Deutsche Bank Aktiengesellschaft during the 3rd quarter worth approximately $27,000. Salomon & Ludwin LLC lifted its position in Deutsche Bank Aktiengesellschaft by 2,807.4% during the 3rd quarter. Salomon & Ludwin LLC now owns 785 shares of the bank’s stock worth $28,000 after acquiring an additional 758 shares in the last quarter. Triumph Capital Management acquired a new position in Deutsche Bank Aktiengesellschaft during the 3rd quarter worth approximately $32,000. Cary Street Partners Investment Advisory LLC grew its holdings in Deutsche Bank Aktiengesellschaft by 61.8% during the 3rd quarter. Cary Street Partners Investment Advisory LLC now owns 1,081 shares of the bank’s stock valued at $38,000 after purchasing an additional 413 shares in the last quarter. Finally, Geneos Wealth Management Inc. grew its holdings in Deutsche Bank Aktiengesellschaft by 178.0% during the 2nd quarter. Geneos Wealth Management Inc. now owns 1,376 shares of the bank’s stock valued at $40,000 after purchasing an additional 881 shares in the last quarter. 27.90% of the stock is owned by institutional investors and hedge funds.

Key Stories Impacting Deutsche Bank Aktiengesellschaft

Here are the key news stories impacting Deutsche Bank Aktiengesellschaft this week:

About Deutsche Bank Aktiengesellschaft

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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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