Deutsche Bank Aktiengesellschaft (NYSE:DB) Hits New 52-Week High – Still a Buy?

Deutsche Bank Aktiengesellschaft (NYSE:DB) hit a new 52-week high on Tuesday . The company traded as high as $25.22 and last traded at $25.20, with a volume of 161831 shares. The stock had previously closed at $24.76.

Analysts Set New Price Targets

DB has been the topic of several recent research reports. The Goldman Sachs Group raised Deutsche Bank Aktiengesellschaft to a “strong-buy” rating in a research note on Thursday, January 30th. Citigroup reissued a “neutral” rating on shares of Deutsche Bank Aktiengesellschaft in a research report on Monday, February 3rd. Morgan Stanley reaffirmed an “overweight” rating on shares of Deutsche Bank Aktiengesellschaft in a research report on Friday, March 7th. StockNews.com raised shares of Deutsche Bank Aktiengesellschaft from a “hold” rating to a “buy” rating in a research note on Wednesday, February 5th. Finally, Barclays reissued an “overweight” rating on shares of Deutsche Bank Aktiengesellschaft in a research report on Monday, February 3rd. One research analyst has rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Buy”.

Deutsche Bank Aktiengesellschaft Trading Up 1.2 %

The firm has a market cap of $49.90 billion, a price-to-earnings ratio of 18.02 and a beta of 1.23. The company has a debt-to-equity ratio of 1.45, a current ratio of 0.74 and a quick ratio of 0.78. The business has a 50-day moving average of $21.08 and a 200-day moving average of $18.50.

Deutsche Bank Aktiengesellschaft (NYSE:DB) last posted its quarterly earnings results on Thursday, January 30th. The bank reported $0.16 earnings per share for the quarter, missing the consensus estimate of $0.43 by ($0.27). Deutsche Bank Aktiengesellschaft had a return on equity of 3.90% and a net margin of 4.66%. Research analysts anticipate that Deutsche Bank Aktiengesellschaft will post 2.93 EPS for the current year.

Deutsche Bank Aktiengesellschaft Increases Dividend

The company also recently declared an annual dividend, which will be paid on Tuesday, May 27th. Shareholders of record on Monday, May 26th will be given a dividend of $0.5122 per share. This is a positive change from Deutsche Bank Aktiengesellschaft’s previous annual dividend of $0.33. This represents a yield of 1.7%. The ex-dividend date is Friday, May 23rd. Deutsche Bank Aktiengesellschaft’s dividend payout ratio is 15.18%.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the company. Venturi Wealth Management LLC lifted its stake in Deutsche Bank Aktiengesellschaft by 1.6% in the 4th quarter. Venturi Wealth Management LLC now owns 32,990 shares of the bank’s stock valued at $562,000 after purchasing an additional 513 shares during the last quarter. Sequoia Financial Advisors LLC lifted its position in shares of Deutsche Bank Aktiengesellschaft by 3.9% in the fourth quarter. Sequoia Financial Advisors LLC now owns 14,189 shares of the bank’s stock valued at $242,000 after buying an additional 537 shares during the last quarter. Truist Financial Corp boosted its stake in shares of Deutsche Bank Aktiengesellschaft by 4.8% during the 4th quarter. Truist Financial Corp now owns 13,801 shares of the bank’s stock worth $235,000 after acquiring an additional 636 shares during the period. Cetera Investment Advisers increased its holdings in shares of Deutsche Bank Aktiengesellschaft by 3.9% during the 4th quarter. Cetera Investment Advisers now owns 19,438 shares of the bank’s stock worth $331,000 after acquiring an additional 738 shares during the last quarter. Finally, Pitcairn Co. raised its stake in Deutsche Bank Aktiengesellschaft by 5.7% in the 4th quarter. Pitcairn Co. now owns 13,742 shares of the bank’s stock valued at $234,000 after acquiring an additional 740 shares during the period. 27.90% of the stock is currently owned by institutional investors and hedge funds.

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.