Deutsche Bank Aktiengesellschaft (NYSE:DB) Downgraded to “Hold” Rating by StockNews.com

StockNews.com cut shares of Deutsche Bank Aktiengesellschaft (NYSE:DB) from a buy rating to a hold rating in a research note released on Thursday.

Deutsche Bank Aktiengesellschaft Stock Up 1.7 %

DB stock opened at $19.09 on Thursday. 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 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 stock has a fifty day moving average of $17.30 and a 200-day moving average of $16.74.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Versant Capital Management Inc bought a new position in Deutsche Bank Aktiengesellschaft in the 4th quarter worth about $26,000. SYSTM Wealth Solutions LLC bought a new position in Deutsche Bank Aktiengesellschaft in the 2nd quarter worth about $31,000. Wilmington Savings Fund Society FSB bought a new position in Deutsche Bank Aktiengesellschaft in the 3rd quarter worth about $43,000. Benjamin F. Edwards & Company Inc. bought a new position in Deutsche Bank Aktiengesellschaft in the 2nd quarter worth about $135,000. Finally, Allworth Financial LP boosted its stake 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 worth $143,000 after purchasing an additional 8,037 shares during the period. Institutional investors own 27.90% of the company’s stock.

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.