Deutsche Bank Aktiengesellschaft (NYSE:DB – Get Free Report) was downgraded by equities researchers at StockNews.com from a “buy” rating to a “hold” rating in a note issued to investors on Friday.
Separately, Citigroup cut Deutsche Bank Aktiengesellschaft from a “buy” rating to a “neutral” rating in a research note on Wednesday, January 31st.
Deutsche Bank Aktiengesellschaft Stock Up 1.2 %
NYSE:DB traded up $0.16 during trading hours on Friday, reaching $13.39. 2,620,859 shares of the company traded hands, compared to its average volume of 3,188,174. The business’s 50-day moving average price is $13.24 and its two-hundred day moving average price is $11.90. The stock has a market capitalization of $27.66 billion, a P/E ratio of 6.11, a P/E/G ratio of 0.72 and a beta of 1.30. Deutsche Bank Aktiengesellschaft has a 1 year low of $8.85 and a 1 year high of $14.02. The company has a current ratio of 0.76, a quick ratio of 0.76 and a debt-to-equity ratio of 1.57.
Institutional Inflows and Outflows
Hedge funds have recently modified their holdings of the business. Deutsche Bank AG raised its stake in shares of Deutsche Bank Aktiengesellschaft by 64.0% in the third quarter. Deutsche Bank AG now owns 53,995,538 shares of the bank’s stock worth $593,411,000 after purchasing an additional 21,080,301 shares during the last quarter. Canada Pension Plan Investment Board increased its position in Deutsche Bank Aktiengesellschaft by 23.0% during the third quarter. Canada Pension Plan Investment Board now owns 3,530,094 shares of the bank’s stock valued at $39,057,000 after acquiring an additional 661,034 shares during the last quarter. Credit Suisse AG increased its position in Deutsche Bank Aktiengesellschaft by 8.6% during the second quarter. Credit Suisse AG now owns 6,922,150 shares of the bank’s stock valued at $72,890,000 after acquiring an additional 545,484 shares during the last quarter. Qsemble Capital Management LP purchased a new stake in Deutsche Bank Aktiengesellschaft during the third quarter valued at $662,000. Finally, Capital Fund Management S.A. increased its position in Deutsche Bank Aktiengesellschaft by 159.6% during the second quarter. Capital Fund Management S.A. now owns 198,060 shares of the bank’s stock valued at $2,086,000 after acquiring an additional 121,757 shares during the last quarter. Hedge funds and other institutional investors own 21.91% of the company’s stock.
About Deutsche Bank Aktiengesellschaft
Deutsche Bank Aktiengesellschaft, operates as a stock corporation, engages in the provision of corporate and investment banking, and asset management products and services to private clients, corporate entities, and institutional clients worldwide. Its Corporate Bank segment provides cash management, trade finance and lending, trust and agency, foreign exchange, and securities services, as well as risk management solutions.