Deutsche Bank Aktiengesellschaft (NYSE:DB) Sets New 12-Month High – Here’s What Happened

Shares of Deutsche Bank Aktiengesellschaft (NYSE:DB) hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $25.22 and last traded at $25.20, with a volume of 161831 shares trading hands. The stock had previously closed at $24.76.

Wall Street Analysts Forecast Growth

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

Deutsche Bank Aktiengesellschaft Price Performance

The company has a debt-to-equity ratio of 1.45, a quick ratio of 0.78 and a current ratio of 0.74. The company has a 50-day moving average price of $21.08 and a 200-day moving average price of $18.50. The firm has a market capitalization of $49.90 billion, a P/E ratio of 18.02 and a beta of 1.23.

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

Deutsche Bank Aktiengesellschaft Increases Dividend

The company also recently announced an annual dividend, which will be paid on Tuesday, May 27th. Shareholders of record on Monday, May 26th will be issued a $0.5122 dividend. The ex-dividend date is Friday, May 23rd. This is a positive change from Deutsche Bank Aktiengesellschaft’s previous annual dividend of $0.33. This represents a yield of 1.7%. Deutsche Bank Aktiengesellschaft’s dividend payout ratio (DPR) is 15.18%.

Institutional Trading of Deutsche Bank Aktiengesellschaft

Large investors have recently made changes to their positions in the company. Charles Schwab Investment Management Inc. grew its stake in Deutsche Bank Aktiengesellschaft by 16.6% in the third quarter. Charles Schwab Investment Management Inc. now owns 143,505 shares of the bank’s stock valued at $2,484,000 after acquiring an additional 20,478 shares during the period. Cerity Partners LLC grew its position in shares of Deutsche Bank Aktiengesellschaft by 77.2% in the 3rd quarter. Cerity Partners LLC now owns 98,381 shares of the bank’s stock valued at $1,703,000 after purchasing an additional 42,860 shares during the period. FMR LLC grew its position in shares of Deutsche Bank Aktiengesellschaft by 13.7% in the 3rd quarter. FMR LLC now owns 1,647,327 shares of the bank’s stock valued at $28,419,000 after purchasing an additional 198,404 shares during the period. Townsquare Capital LLC acquired a new stake in Deutsche Bank Aktiengesellschaft during the 3rd quarter worth approximately $273,000. Finally, Healthcare of Ontario Pension Plan Trust Fund bought a new position in Deutsche Bank Aktiengesellschaft in the third quarter valued at approximately $3,022,000. 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.