Deutsche Bank Aktiengesellschaft (NYSE:DB) Stock Rating Lowered by StockNews.com

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

Deutsche Bank Aktiengesellschaft Stock Up 1.7 %

DB stock opened at $19.09 on Thursday. The business’s fifty day moving average price is $17.30 and its two-hundred day moving average price is $16.74. The stock has a market capitalization of $38.02 billion, a price-to-earnings ratio of 9.79 and a beta of 1.20. Deutsche Bank Aktiengesellschaft has a fifty-two week low of $12.43 and a fifty-two week high of $19.14. The company has a debt-to-equity ratio of 1.47, a current ratio of 0.78 and a quick ratio of 0.78.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in DB. Wellington Management Group LLP raised its position in shares of Deutsche Bank Aktiengesellschaft by 332.0% in the third quarter. Wellington Management Group LLP now owns 2,194,855 shares of the bank’s stock valued at $37,964,000 after buying an additional 1,686,776 shares in the last quarter. Cerity Partners LLC raised its holdings in Deutsche Bank Aktiengesellschaft by 77.2% in the 3rd quarter. Cerity Partners LLC now owns 98,381 shares of the bank’s stock valued at $1,703,000 after acquiring an additional 42,860 shares in the last quarter. Vanderbilt University bought a new stake in shares of Deutsche Bank Aktiengesellschaft during the 3rd quarter valued at $525,000. Sienna Gestion acquired a new stake in shares of Deutsche Bank Aktiengesellschaft during the 2nd quarter worth $10,365,000. Finally, Allspring Global Investments Holdings LLC increased its position in shares of Deutsche Bank Aktiengesellschaft by 329,898.6% in the third quarter. Allspring Global Investments Holdings LLC now owns 699,597 shares of the bank’s stock worth $12,101,000 after purchasing an additional 699,385 shares during the period. Institutional investors and hedge funds own 27.90% of the company’s stock.

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.