Deutsche Bank (NYSE:DB) was downgraded by equities research analysts at HSBC from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Monday, January 8th, MarketBeat Ratings reports.
Several other analysts also recently issued reports on DB. Citigroup restated a “sell” rating on shares of Deutsche Bank in a research report on Tuesday, December 19th. UBS Group restated a “neutral” rating on shares of Deutsche Bank in a research report on Monday, December 11th. DZ Bank reiterated a “buy” rating on shares of Deutsche Bank in a research report on Thursday, December 7th. Goldman Sachs Group reiterated a “neutral” rating on shares of Deutsche Bank in a research report on Tuesday, December 5th. Finally, ValuEngine upgraded Deutsche Bank from a “hold” rating to a “buy” rating in a research note on Monday, December 4th. Five analysts have rated the stock with a sell rating, eight have issued a hold rating and three have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $18.08.
Deutsche Bank (DB) opened at $19.39 on Monday. Deutsche Bank has a twelve month low of $15.59 and a twelve month high of $20.94. The firm has a market capitalization of $40,040.00, a price-to-earnings ratio of -32.32, a P/E/G ratio of 3.17 and a beta of 1.42. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 2.35.
Several hedge funds have recently bought and sold shares of DB. Bank of Montreal Can grew its stake in Deutsche Bank by 318.5% during the 4th quarter. Bank of Montreal Can now owns 2,035,105 shares of the bank’s stock valued at $38,727,000 after purchasing an additional 1,548,873 shares in the last quarter. Parametric Portfolio Associates LLC grew its stake in Deutsche Bank by 10.2% during the 3rd quarter. Parametric Portfolio Associates LLC now owns 1,048,013 shares of the bank’s stock valued at $18,110,000 after purchasing an additional 97,325 shares in the last quarter. AXA grew its stake in Deutsche Bank by 4.4% during the 3rd quarter. AXA now owns 576,380 shares of the bank’s stock valued at $9,960,000 after purchasing an additional 24,508 shares in the last quarter. Cubist Systematic Strategies LLC grew its stake in Deutsche Bank by 185.5% during the 3rd quarter. Cubist Systematic Strategies LLC now owns 55,750 shares of the bank’s stock valued at $963,000 after purchasing an additional 36,224 shares in the last quarter. Finally, First Republic Investment Management Inc. acquired a new stake in Deutsche Bank during the 3rd quarter valued at approximately $180,000. Institutional investors and hedge funds own 20.98% of the company’s stock.
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Deutsche Bank Company Profile
Deutsche Bank AG is a bank and holding company for its subsidiaries. The Company offers a range of investment, financial and related products and services to private individuals, corporate entities and institutional clients. It operates through six divisions: Global Markets, which offers financial products, including trading and hedging services to institutions and corporate clients; Corporate & Investment Banking, which brings together its commercial banking, corporate finance and transaction banking capability; Private, Wealth and Commercial Clients, which combines its capability in private and commercial banking, as well as in wealth management solutions; Deutsche Asset Management, whose investment capabilities span both active and passive strategies and an array of asset classes, including equities, fixed income, real estate and sustainable investments; Postbank, which is a German financial service provider for retail, business and corporate clients, and Non-Core Operations Unit.
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