Deutsche Bank (NYSE:DB) Cut to “Hold” at HSBC

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.

Deutsche Bank (NYSE:DB) last posted its earnings results on Thursday, October 26th. The bank reported $0.35 EPS for the quarter. The company had revenue of $7.96 billion for the quarter. Deutsche Bank had a positive return on equity of 3.65% and a negative net margin of 0.42%. analysts expect that Deutsche Bank will post 0.24 EPS for the current fiscal year.

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.

Analyst Recommendations for Deutsche Bank (NYSE:DB)

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