Deutsche Bank AG (NYSE:DB) shares traded 1.20% higher at $10.93 on Wall Street last session.
In accordance with the data, 19 analysts cover Deutsche Bank AG (NYSE:DB). The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $21.60 and a low of $10.33, we find $13.76. Given the previous closing price of $10.80, this indicates a potential upside of 27.41 percent. DB stock price is now 2.64% away from the 50-day moving average and -0.79% away from the 200-day moving average. The market capitalization of the company currently stands at $22.25B.
It has been rated a hold by 10 analysts and a buy by 7. Brokers who have rated the stock have averaged $14.47 as their price target over the next twelve months.
A total of 5.60% 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 AG shares was purchased by ODEY ASSET MANAGEMENT LLP during the first quarter worth $56,896,000. PENDAL GROUP LTD invested $20,167,000 in shares of DB during the first quarter. In the first quarter, PRUDENTIAL PLC acquired a new stake in Deutsche Bank AG valued at approximately $2,161,000. LEGAL & GENERAL GROUP PLC acquired a new stake in DB for approximately $1,862,000. CRESSET ASSET MANAGEMENT, LLC purchased a new stake in DB valued at around $914,000 in the second quarter. In total, there are 604 active investors with 25.17% ownership of the company’s stock.
Deutsche Bank AG (NYSE: DB) opened at $10.96 on Thursday. During the past 12 months, Deutsche Bank AG has had a low of $8.85 and a high of $13.57. The fifty day moving average price for DB is $10.65 and a two-hundred day moving average price translates $11.01 for the stock.
The latest earnings results from Deutsche Bank AG (NYSE: DB) was released for Sep, 2023. The net profit margin was 8.92% and return on equity was 8.15% for DB. For the current quarter, analysts expect DB to generate $7.65B in revenue.
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 $0.48 dividend and a 4.38% 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 12.40%.
Deutsche Bank AG(DB) Company Profile
Deutsche Bank Aktiengesellschaft, operates as a stock corporation, engages in the provision of corporate and investment banking, and asset management products and services to private clients, 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 debt origination, merger and acquisitions, and equity advisory services. Its 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 banking, wealth management services, postal and parcel services; and offers support in planning, managing and investing wealth, financing personal and business interests, and servicing institutional and corporate needs. 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; and various other services, including insurance and pension solutions, asset liability management, portfolio management solutions, and asset allocation advisory to individuals and institutions. Deutsche Bank Aktiengesellschaft was founded in 1870 and is based in Frankfurt am Main, Germany.
