Deutsche Bank (NYSE:DB) has earned a consensus rating of “Hold” from the fifteen analysts that are currently covering the company, MarketBeat reports. Six research analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have assigned a buy rating to the company. The average twelve-month target price among brokers that have covered the stock in the last year is $18.20.
DB has been the subject of a number of research reports. DZ Bank reiterated a “buy” rating on shares of Deutsche Bank in a report on Monday, February 5th. ValuEngine cut Deutsche Bank from a “buy” rating to a “hold” rating in a report on Wednesday, February 7th. Bank of America upgraded Deutsche Bank from an “underperform” rating to a “neutral” rating in a report on Monday, February 19th. Finally, Zacks Investment Research upgraded Deutsche Bank from a “strong sell” rating to a “buy” rating and set a $16.00 target price for the company in a report on Wednesday, April 18th.
A number of hedge funds have recently added to or reduced their stakes in the business. CIBC World Markets Inc. boosted its stake in shares of Deutsche Bank by 185.0% during the 1st quarter. CIBC World Markets Inc. now owns 39,424 shares of the bank’s stock worth $551,000 after buying an additional 25,589 shares during the last quarter. Millennium Management LLC acquired a new position in shares of Deutsche Bank during the 1st quarter worth about $1,649,000. Amundi Pioneer Asset Management Inc. boosted its stake in shares of Deutsche Bank by 81.8% during the 1st quarter. Amundi Pioneer Asset Management Inc. now owns 28,986,439 shares of the bank’s stock worth $405,229,000 after buying an additional 13,043,037 shares during the last quarter. Cubist Systematic Strategies LLC boosted its stake in shares of Deutsche Bank by 250.5% during the 1st quarter. Cubist Systematic Strategies LLC now owns 62,635 shares of the bank’s stock worth $876,000 after buying an additional 44,767 shares during the last quarter. Finally, Guggenheim Capital LLC acquired a new position in shares of Deutsche Bank during the 1st quarter worth about $469,000. Hedge funds and other institutional investors own 24.60% of the company’s stock.
Deutsche Bank (NYSE:DB) last released its quarterly earnings data on Friday, March 16th. The bank reported ($1.35) EPS for the quarter. Deutsche Bank had a negative net margin of 3.32% and a negative return on equity of 1.80%. The firm had revenue of $6.72 billion during the quarter. sell-side analysts forecast that Deutsche Bank will post 1.13 earnings per share for the current fiscal year.
About Deutsche Bank
Deutsche Bank Aktiengesellschaft provides investment, financial, and related products and services to private individuals, corporate entities, and institutional clients worldwide. It operates through three segments: Corporate & Investment Bank (CIB), Private & Commercial Bank (PCB), and Deutsche Asset Management.
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