Deutsche Bank Aktiengesellschaft (NYSE:DB) Stock Rating Lowered by StockNews.com

Deutsche Bank Aktiengesellschaft (NYSE:DB) was downgraded by equities research analysts at StockNews.com from a “buy” rating to a “hold” rating in a report issued on Thursday.

Deutsche Bank Aktiengesellschaft Stock Performance

Deutsche Bank Aktiengesellschaft stock traded up $0.00 during trading hours on Thursday, hitting $18.77. The stock had a trading volume of 1,120,901 shares, compared to its average volume of 1,750,120. The company has a 50-day moving average of $17.22 and a two-hundred day moving average of $16.70. The company has a quick ratio of 0.78, a current ratio of 0.78 and a debt-to-equity ratio of 1.47. Deutsche Bank Aktiengesellschaft has a fifty-two week low of $12.43 and a fifty-two week high of $18.85. The company has a market cap of $37.39 billion, a PE ratio of 9.63 and a beta of 1.20.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of DB. Legal & General Group Plc raised its stake in shares of Deutsche Bank Aktiengesellschaft by 8,267.7% in the 2nd quarter. Legal & General Group Plc now owns 20,181,236 shares of the bank’s stock valued at $322,438,000 after buying an additional 19,940,056 shares in the last quarter. Commerzbank Aktiengesellschaft FI raised its position in Deutsche Bank Aktiengesellschaft by 31,975.7% in the third 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 lifted its stake in Deutsche Bank Aktiengesellschaft by 102.7% during the second quarter. Marshall Wace LLP now owns 4,778,014 shares of the bank’s stock worth $76,353,000 after purchasing an additional 2,420,905 shares during the period. Wellington Management Group LLP boosted its holdings 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 valued at $37,964,000 after purchasing an additional 1,686,776 shares in the last quarter. Finally, Public Employees Retirement System of Ohio bought a new stake in shares of Deutsche Bank Aktiengesellschaft in the 3rd quarter valued at approximately $28,515,000. 27.90% of the stock is owned by institutional investors.

About Deutsche Bank Aktiengesellschaft

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.