Deutsche Bank Aktiengesellschaft (NYSE:DB) Hits New 52-Week High – Time to Buy?

Deutsche Bank Aktiengesellschaft (NYSE:DB) shares reached a new 52-week high on Tuesday . The stock traded as high as $24.80 and last traded at $24.74, with a volume of 593818 shares traded. The stock had previously closed at $23.95.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on DB. StockNews.com upgraded Deutsche Bank Aktiengesellschaft from a “hold” rating to a “buy” rating in a report on Wednesday, February 5th. The Goldman Sachs Group upgraded Deutsche Bank Aktiengesellschaft to a “strong-buy” rating in a report on Thursday, January 30th. Morgan Stanley reiterated an “overweight” rating on shares of Deutsche Bank Aktiengesellschaft in a report on Friday, March 7th. Barclays reiterated an “overweight” rating on shares of Deutsche Bank Aktiengesellschaft in a report on Monday, February 3rd. Finally, Citigroup reiterated a “neutral” rating on shares of Deutsche Bank Aktiengesellschaft in a report on Monday, February 3rd. One investment analyst has rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Buy”.

Deutsche Bank Aktiengesellschaft Stock Up 3.2 %

The business has a 50 day moving average of $20.36 and a 200 day moving average of $18.21. The company has a debt-to-equity ratio of 1.45, a current ratio of 0.74 and a quick ratio of 0.78. The firm has a market capitalization of $49.24 billion, a price-to-earnings ratio of 17.90 and a beta of 1.23.

Deutsche Bank Aktiengesellschaft (NYSE:DB) last announced its quarterly earnings results on Thursday, January 30th. The bank reported $0.16 earnings per share for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.27). Deutsche Bank Aktiengesellschaft had a net margin of 4.66% and a return on equity of 3.90%. On average, equities analysts anticipate that Deutsche Bank Aktiengesellschaft will post 2.93 EPS for the current year.

Deutsche Bank Aktiengesellschaft Increases Dividend

The business also recently declared an annual dividend, which will be paid on Tuesday, May 27th. Shareholders of record on Monday, May 26th will be given a $0.5122 dividend. This represents a yield of 1.7%. This is a boost from Deutsche Bank Aktiengesellschaft’s previous annual dividend of $0.33. The ex-dividend date of this dividend is Friday, May 23rd. Deutsche Bank Aktiengesellschaft’s dividend payout ratio is 15.18%.

Institutional Trading of Deutsche Bank Aktiengesellschaft

A number of large investors have recently bought and sold shares of DB. Natixis Advisors LLC grew its position in Deutsche Bank Aktiengesellschaft by 2.0% in the third quarter. Natixis Advisors LLC now owns 354,479 shares of the bank’s stock valued at $6,136,000 after acquiring an additional 7,062 shares during the period. Baron Wealth Management LLC bought a new stake in shares of Deutsche Bank Aktiengesellschaft during the third quarter worth $221,000. Caprock Group LLC grew its holdings in shares of Deutsche Bank Aktiengesellschaft by 10.1% during the third quarter. Caprock Group LLC now owns 22,369 shares of the bank’s stock worth $387,000 after purchasing an additional 2,056 shares during the last quarter. Charles Schwab Investment Management Inc. grew its holdings in shares of Deutsche Bank Aktiengesellschaft by 16.6% during the third quarter. Charles Schwab Investment Management Inc. now owns 143,505 shares of the bank’s stock worth $2,484,000 after purchasing an additional 20,478 shares during the last quarter. Finally, Cerity Partners LLC grew its holdings in shares of Deutsche Bank Aktiengesellschaft by 77.2% during the third quarter. Cerity Partners LLC now owns 98,381 shares of the bank’s stock worth $1,703,000 after purchasing an additional 42,860 shares during the last quarter. 27.90% of the stock is currently owned by 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.