Deutsche Bank Aktiengesellschaft (NYSE:DB) Cut to “Hold” at StockNews.com

StockNews.com cut shares of Deutsche Bank Aktiengesellschaft (NYSE:DB) from a buy rating to a hold rating in a research note released on Thursday.

Deutsche Bank Aktiengesellschaft Trading Up 1.7 %

NYSE DB opened at $19.09 on Thursday. The firm has a market capitalization of $38.02 billion, a P/E ratio of 9.79 and a beta of 1.20. The business has a fifty day simple moving average of $17.30 and a 200 day simple moving average of $16.74. Deutsche Bank Aktiengesellschaft has a 12 month low of $12.43 and a 12 month high of $19.14. The company has a current ratio of 0.78, a quick ratio of 0.78 and a debt-to-equity ratio of 1.47.

Institutional Investors Weigh In On Deutsche Bank Aktiengesellschaft

Large investors have recently made changes to their positions in the business. Versant Capital Management Inc purchased a new stake in shares of Deutsche Bank Aktiengesellschaft during the 4th quarter valued at $26,000. SYSTM Wealth Solutions LLC purchased a new stake in shares of Deutsche Bank Aktiengesellschaft during the 2nd quarter valued at $31,000. Wilmington Savings Fund Society FSB purchased a new stake in shares of Deutsche Bank Aktiengesellschaft during the 3rd quarter valued at $43,000. Allworth Financial LP increased its position in shares of Deutsche Bank Aktiengesellschaft by 3,738.1% during the 3rd quarter. Allworth Financial LP now owns 8,252 shares of the bank’s stock valued at $143,000 after purchasing an additional 8,037 shares during the last quarter. Finally, Benjamin F. Edwards & Company Inc. purchased a new stake in shares of Deutsche Bank Aktiengesellschaft during the 2nd quarter valued at $135,000. 27.90% of the stock is owned by hedge funds and other institutional investors.

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.