5 Best German Stocks to Buy Now

3. Deutsche Bank Aktiengesellschaft (NYSE:DB)

Number of Hedge Fund Holders: 20

Deutsche Bank Aktiengesellschaft (NYSE:DB) is a German multinational investment bank and financial services company. The bank derives its strength by focusing on financing, advisory, fixed income, and currencies. Deutsche Bank Aktiengesellschaft (NYSE:DB) ranks third on our list of the best German stocks to buy now.

Recently, Moody’s Investors Services, a credit rating company, upgraded Deutsche Bank Aktiengesellschaft’s (NYSE:DB) outlook to positive due to the bank’s progress towards its medium-term targets. In Q2 2021, Deutsche Bank Aktiengesellschaft (NYSE:DB) reported revenue of €6.24 billion, beating the estimates by €310 million. The company reported year-over-year growth across all of its segments and expects FY21 revenue to be ahead of its guidance. In August, Keefe Bruyette upgraded Deutsche Bank Aktiengesellschaft (NYSE:DB) to ‘Market Perform’ with a €13 price target, up from €12. Since the beginning of the year, Deutsche Bank Aktiengesellschaft (NYSE:DB) delivered a 21.28% return to shareholders, while the stocks gained 43.1% in the past year.

As of Q2 2021, 20 hedge funds tracked by Insider Monkey have positions in Deutsche Bank Aktiengesellschaft (NYSE:DB), worth $1.86 billion. In the previous quarter, 16 hedge funds held stakes in the company, valued at over $1.7 billion. Hudson Executive Capital is the company’s leading shareholder with 67.3 million shares, worth $877.9 million.