Deutsche Bank Aktiengesellschaft (NYSE:DB) Sees Unusually-High Trading Volume – Still a Buy?

Deutsche Bank Aktiengesellschaft (NYSE:DB) shares saw strong trading volume on Wednesday . 4,561,257 shares traded hands during trading, an increase of 121% from the previous session’s volume of 2,063,353 shares.The stock last traded at $21.90 and had previously closed at $21.39.

Analysts Set New Price Targets

A number of research firms have recently commented on DB. Citigroup reaffirmed a “neutral” rating on shares of Deutsche Bank Aktiengesellschaft in a research report on Monday, February 3rd. Barclays reissued an “overweight” rating on shares of Deutsche Bank Aktiengesellschaft in a research report on Monday, February 3rd. Morgan Stanley reissued an “overweight” rating on shares of Deutsche Bank Aktiengesellschaft in a research report on Monday, February 3rd. StockNews.com raised shares of Deutsche Bank Aktiengesellschaft from a “hold” rating to a “buy” rating in a research report on Wednesday, February 5th. Finally, The Goldman Sachs Group raised shares of Deutsche Bank Aktiengesellschaft to a “strong-buy” rating in a report on Thursday, January 30th. Two research analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy”.

Deutsche Bank Aktiengesellschaft Trading Up 1.3 %

The company has a debt-to-equity ratio of 1.45, a quick ratio of 0.78 and a current ratio of 0.74. The company has a market cap of $43.16 billion, a P/E ratio of 15.59 and a beta of 1.22. The stock has a 50-day moving average of $18.77 and a two-hundred day moving average of $17.50.

Deutsche Bank Aktiengesellschaft (NYSE:DB) last issued its earnings results on Thursday, January 30th. The bank reported $0.16 earnings per share for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.27). Deutsche Bank Aktiengesellschaft had a return on equity of 3.90% and a net margin of 4.66%. On average, equities research analysts predict that Deutsche Bank Aktiengesellschaft will post 2.93 earnings per share for the current year.

Deutsche Bank Aktiengesellschaft Increases Dividend

The business also recently announced an annual dividend, which will be paid on Tuesday, May 27th. Stockholders of record on Monday, May 26th will be issued 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 dividend yield of 1.7%. The ex-dividend date of this dividend is Friday, May 23rd. Deutsche Bank Aktiengesellschaft’s dividend payout ratio is 15.18%.

Hedge Funds Weigh In On Deutsche Bank Aktiengesellschaft

Several institutional investors have recently modified their holdings of DB. Versant Capital Management Inc bought a new stake in shares of Deutsche Bank Aktiengesellschaft in the 4th quarter valued at about $26,000. Wilmington Savings Fund Society FSB purchased a new position in shares of Deutsche Bank Aktiengesellschaft during the third quarter valued at about $43,000. Jones Financial Companies Lllp lifted its holdings in shares of Deutsche Bank Aktiengesellschaft by 1,270.5% in the 4th quarter. Jones Financial Companies Lllp now owns 4,043 shares of the bank’s stock valued at $69,000 after acquiring an additional 3,748 shares during the last quarter. Activest Wealth Management purchased a new position in shares of Deutsche Bank Aktiengesellschaft during the fourth quarter worth approximately $86,000. Finally, Smartleaf Asset Management LLC increased its holdings in Deutsche Bank Aktiengesellschaft by 218.4% during the fourth quarter. Smartleaf Asset Management LLC now owns 7,278 shares of the bank’s stock valued at $125,000 after buying an additional 4,992 shares during the period. 27.90% of the stock is owned by institutional investors.

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.