5 Best German Stocks to Buy Now

4. Deutsche Bank AG (NYSE:DB)

Deutsche Bank AG (NYSE:DB) is a leading German financial services company and also one of the largest banks in the world. As of August 3, Deutsche Bank AG (NYSE:DB) has a trailing twelve-month PE ratio of 7.42 and is offering a forward dividend yield of 2.48%.

Wall Street is bullish on Deutsche Bank AG (NYSE:DB). On July 5, JPMorgan analyst Kian Abouhossein adjusted his price target on the stock to EUR 13 from EUR 15 and reiterated a buy-side Overweight rating on the shares.

On July 27, Deutsche Bank AG (NYSE:DB) released earnings for the fiscal second quarter of 2022. The company reported earnings per share of $0.51 and beat expert estimates by $0.11. Moreover, the bank’s revenue for the quarter came in at $6.79 billion, outperforming market consensus by $154.89 million. Deutsche Bank AG (NYSE:DB) also reaffirmed its 2022 revenue guidance of EUR 26.27 billion.

At the end of Q1 2022, 15 hedge funds were long Deutsche Bank AG (NYSE:DB) and held stakes worth $1.42 billion in the company. This is compared to 14 positions in the previous quarter with stakes worth $1.78 billion.

As of March 31, Hudson Executive Capital owns roughly 67.4 million shares of Deutsche Bank AG (NYSE:DB) and is the largest shareholder in the company. The fund’s stakes were valued at $858.18 million in the company and the investment covers 68.62% of its 13F portfolio.