StockNews.com Downgrades Deutsche Bank Aktiengesellschaft (NYSE:DB) to Hold

Deutsche Bank Aktiengesellschaft (NYSE:DB) was downgraded by research analysts at StockNews.com from a “buy” rating to a “hold” rating in a report issued on Friday.

Separately, Barclays upgraded shares of Deutsche Bank Aktiengesellschaft from an “equal weight” rating to an “overweight” rating in a report on Tuesday, September 3rd. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, Deutsche Bank Aktiengesellschaft currently has a consensus rating of “Hold”.

Deutsche Bank Aktiengesellschaft Price Performance

DB stock opened at $17.05 on Friday. Deutsche Bank Aktiengesellschaft has a 52 week low of $11.13 and a 52 week high of $17.95. The company has a quick ratio of 0.78, a current ratio of 0.78 and a debt-to-equity ratio of 1.47. The company has a fifty day simple moving average of $16.88 and a two-hundred day simple moving average of $16.43. The firm has a market capitalization of $35.24 billion, a P/E ratio of 8.74 and a beta of 1.22.

Institutional Trading of Deutsche Bank Aktiengesellschaft

Several institutional investors and hedge funds have recently bought and sold shares of the business. Capital International Investors increased its holdings in shares of Deutsche Bank Aktiengesellschaft by 163.4% during the 1st quarter. Capital International Investors now owns 48,638,662 shares of the bank’s stock valued at $765,173,000 after purchasing an additional 30,173,405 shares in the last quarter. Legal & General Group Plc grew its holdings in shares of Deutsche Bank Aktiengesellschaft by 8,267.7% during the second quarter. Legal & General Group Plc now owns 20,181,236 shares of the bank’s stock worth $322,438,000 after buying an additional 19,940,056 shares in the last quarter. Acadian Asset Management LLC grew its holdings in shares of Deutsche Bank Aktiengesellschaft by 81.9% during the first quarter. Acadian Asset Management LLC now owns 16,069,955 shares of the bank’s stock worth $253,048,000 after buying an additional 7,237,525 shares in the last quarter. Capital International Inc. CA boosted its position in shares of Deutsche Bank Aktiengesellschaft by 414.1% during the 1st quarter. Capital International Inc. CA now owns 7,371,601 shares of the bank’s stock valued at $115,971,000 after acquiring an additional 5,937,749 shares during the last quarter. Finally, Commerzbank Aktiengesellschaft FI boosted its position in shares of Deutsche Bank Aktiengesellschaft by 31,975.7% during the 3rd quarter. Commerzbank Aktiengesellschaft FI now owns 5,259,492 shares of the bank’s stock valued at $91,042,000 after acquiring an additional 5,275,992 shares during the last quarter. 27.90% of the stock is currently owned by institutional investors and hedge funds.

About Deutsche Bank Aktiengesellschaft

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.