Deutsche Bank Aktiengesellschaft (NYSE:DB) Downgraded by StockNews.com to Hold

StockNews.com cut shares of Deutsche Bank Aktiengesellschaft (NYSE:DB) from a buy rating to a hold rating in a research note published on Tuesday.

Separately, Barclays raised Deutsche Bank Aktiengesellschaft from an “equal weight” rating to an “overweight” rating in a report on Tuesday, September 3rd. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold”.

Deutsche Bank Aktiengesellschaft Stock Up 0.8 %

Deutsche Bank Aktiengesellschaft stock opened at $17.85 on Tuesday. The firm has a market cap of $36.88 billion, a price-to-earnings ratio of 9.15 and a beta of 1.21. The firm has a fifty day moving average price of $17.14 and a two-hundred day moving average price of $16.47. Deutsche Bank Aktiengesellschaft has a fifty-two week low of $12.43 and a fifty-two week high of $18.07. The company has a debt-to-equity ratio of 1.47, a current ratio of 0.78 and a quick ratio of 0.78.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Legal & General Group Plc grew its position in Deutsche Bank Aktiengesellschaft by 8,267.7% during the second quarter. Legal & General Group Plc now owns 20,181,236 shares of the bank’s stock worth $322,438,000 after buying an additional 19,940,056 shares in the last quarter. Commerzbank Aktiengesellschaft FI grew its holdings in shares of Deutsche Bank Aktiengesellschaft by 31,975.7% during the 3rd quarter. Commerzbank Aktiengesellschaft FI now owns 5,259,492 shares of the bank’s stock worth $91,042,000 after purchasing an additional 5,275,992 shares in the last quarter. Marshall Wace LLP increased its position in shares of Deutsche Bank Aktiengesellschaft by 102.7% during the second quarter. Marshall Wace LLP now owns 4,778,014 shares of the bank’s stock valued at $76,353,000 after purchasing an additional 2,420,905 shares during the period. Wellington Management Group LLP boosted its stake in Deutsche Bank Aktiengesellschaft by 332.0% during the third quarter. Wellington Management Group LLP now owns 2,194,855 shares of the bank’s stock worth $37,964,000 after buying an additional 1,686,776 shares in the last quarter. Finally, Public Employees Retirement System of Ohio bought a new stake in Deutsche Bank Aktiengesellschaft in the third quarter valued at about $28,515,000. Institutional investors own 27.90% of the company’s stock.

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.