Stocks of Deutsche Bank Aktiengesellschaft (NYSE:DB) traded higher last session on Wall Street, up 3.01% to $9.94.
According to the data, Deutsche Bank Aktiengesellschaft (NYSE:DB) has 20 analysts covering its stock. The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $20.56 and a low of $11.36, we find $15.01. Given the previous closing price of $9.65, this indicates a potential upside of 55.54 percent. DB stock price is now -17.05% away from the 50-day moving average and -1.13% away from the 200-day moving average. The market capitalization of the company currently stands at $21.98B.
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A total of 6 analysts have issued a hold rating and 9 have given it a buy rating. Brokers who have rated the stock have averaged $15.25 as their price target over the next twelve months.
, while ‘Goldman’ rates the stock as ‘Buy’.
A total of 2.70% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in DB stock. A new stake in Deutsche Bank Aktiengesellschaft shares was purchased by ODEY ASSET MANAGEMENT GROUP LTD during the first quarter worth $77,461,000. THIRD AVENUE MANAGEMENT LLC invested $27,873,000 in shares of DB during the first quarter. In the first quarter, PENDAL GROUP LTD acquired a new stake in Deutsche Bank Aktiengesellschaft valued at approximately $17,805,000. TWO SIGMA INVESTMENTS, LP acquired a new stake in DB for approximately $14,444,000. OCCUDO QUANTITATIVE STRATEGIES LP purchased a new stake in DB valued at around $3,035,000 in the second quarter. In total, there are 600 active investors with 38.70% ownership of the company’s stock.
Wednesday’s opening bell rang with an opening price of $9.96 for Deutsche Bank Aktiengesellschaft (NYSE: DB). During the past 12 months, Deutsche Bank Aktiengesellschaft has had a low of $7.24 and a high of $13.57. The fifty day moving average price for DB is $11.98 and a two-hundred day moving average price translates $10.05 for the stock.
The latest earnings results from Deutsche Bank Aktiengesellschaft (NYSE: DB) was released for Sep, 2022. According to the Banks – Regional Company, earnings per share came in at $0.83, beating analysts’ expectations of $0.28 by 0.55. This compares to $0.25 EPS in the same period last year. The net profit margin was 20.80% and return on equity was 7.40% for DB.
Moreover, the firm recently paid out its quarterly dividend on 05/25/2007. Investors who held shares on 05/24/2007 were paid a $5.3716 dividend. On an annualized basis, this represents a $0.33 dividend and a 3.29% percent yield. There was an ex-dividend date of 05/25/2007 for this dividend. In terms of dividend payout ratio, DB is presently at 11.40%.
Deutsche Bank Aktiengesellschaft(DB) Company Profile
Deutsche Bank Aktiengesellschaft provides investment, financial, and related products and services to private individuals, corporate entities, and institutional clients worldwide. Its Corporate Bank segment provides cash management, trade finance and lending, trust and agency, foreign exchange, and securities services, as well as risk management solutions. The company’s Investment Bank segment offers merger and acquisitions, and equity advisory services. This segment also focuses on financing, advisory, fixed income, risk management, sales and trading, and currency activities. The company’s Private Bank segment provides payment and account services, and credit and deposit products, as well as investment advice products, such as environmental, social, and governance products. This segment also provides wealth management services, postal and parcel services, and digital offerings. The company’s Asset Management segment provides investment solutions, such as alternative investments, which include real estate, infrastructure, private equity, liquid real assets, and sustainable investments; passive investments; and various other services, including insurance and pension solutions, asset liability management, portfolio management solutions, asset allocation advisory, structuring, and overlay to institutions, governments, corporations and foundations, and individual investors. As of December 31, 2021, it operated through 1,709 branches in 58 countries. The company was founded in 1870 and is headquartered in Frankfurt am Main, Germany.
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