Shares of Deutsche Bank (NYSE:DB) have earned a consensus rating of “Hold” from the fifteen analysts that are presently covering the firm, Marketbeat Ratings reports. Four equities research analysts have rated the stock with a sell recommendation, nine have given a hold recommendation and two have issued a buy recommendation on the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is $18.20.
Several brokerages have recently weighed in on DB. DZ Bank reaffirmed a “buy” rating on shares of Deutsche Bank in a research note on Wednesday. HSBC cut shares of Deutsche Bank from a “buy” rating to a “hold” rating in a research note on Monday, January 8th. ValuEngine cut shares of Deutsche Bank from a “buy” rating to a “hold” rating in a research note on Wednesday, February 7th. Bank of America raised shares of Deutsche Bank from an “underperform” rating to a “neutral” rating in a research note on Monday, February 19th. Finally, UBS reaffirmed a “neutral” rating on shares of Deutsche Bank in a research note on Monday, December 11th.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Elkfork Partners LLC acquired a new stake in Deutsche Bank during the 4th quarter valued at $141,000. Feinberg Stephen acquired a new stake in Deutsche Bank during the 4th quarter valued at $1,182,208,000. Raymond James & Associates lifted its holdings in Deutsche Bank by 2.6% during the 4th quarter. Raymond James & Associates now owns 133,903 shares of the bank’s stock valued at $2,548,000 after purchasing an additional 3,354 shares during the last quarter. Two Sigma Securities LLC acquired a new stake in Deutsche Bank during the 4th quarter valued at $244,000. Finally, Franklin Resources Inc. lifted its holdings in Deutsche Bank by 41.7% during the 4th quarter. Franklin Resources Inc. now owns 270,202 shares of the bank’s stock valued at $5,147,000 after purchasing an additional 79,571 shares during the last quarter. 25.00% of the stock is owned by institutional investors.
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About Deutsche Bank
Deutsche Bank Aktiengesellschaft provides investment, financial, and related products and services to private individuals, affluent clients, and small and medium sized corporate clients worldwide. The company's Global Markets segment offers financial markets' products, such as bonds, equities and equity-linked products, exchange-traded and over-the-counter derivatives, foreign exchange, money market instruments, and structured products.
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