Deutsche Bank Aktiengesellschaft (NYSE:DB) Sets New 12-Month High – Should You Buy?

Deutsche Bank Aktiengesellschaft (NYSE:DB)’s stock price reached a new 52-week high during trading on Tuesday . The stock traded as high as $19.41 and last traded at $19.44, with a volume of 11554 shares trading hands. The stock had previously closed at $19.08.

Analyst Ratings Changes

Separately, StockNews.com lowered shares of Deutsche Bank Aktiengesellschaft from a “buy” rating to a “hold” rating in a research note on Thursday, January 16th. Three analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold”.

Deutsche Bank Aktiengesellschaft Stock Performance

The company’s 50 day moving average price is $17.45 and its 200-day moving average price is $16.79. The company has a debt-to-equity ratio of 1.47, a quick ratio of 0.78 and a current ratio of 0.78. The company has a market cap of $38.76 billion, a PE ratio of 9.98 and a beta of 1.20.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of DB. Versant Capital Management Inc purchased a new position in Deutsche Bank Aktiengesellschaft in the 4th quarter valued at approximately $26,000. Wilmington Savings Fund Society FSB bought a new position in Deutsche Bank Aktiengesellschaft in the 3rd quarter valued at $43,000. Benjamin F. Edwards & Company Inc. bought a new position in Deutsche Bank Aktiengesellschaft in the 2nd quarter valued at $135,000. Allworth Financial LP boosted its holdings in Deutsche Bank Aktiengesellschaft by 3,738.1% in 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 period. Finally, DRW Securities LLC bought a new position in Deutsche Bank Aktiengesellschaft in the 2nd quarter valued at $185,000. 27.90% of the stock is currently owned by hedge funds and other institutional investors.

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.