Deutsche Bank Aktiengesellschaft (NYSE:DB) Shares Gap Down to $16.63

Deutsche Bank Aktiengesellschaft (NYSE:DB)’s share price gapped down before the market opened on Tuesday . The stock had previously closed at $16.63, but opened at $16.25. Deutsche Bank Aktiengesellschaft shares last traded at $16.03, with a volume of 179,735 shares traded.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on DB. Barclays upgraded Deutsche Bank Aktiengesellschaft from an “equal weight” rating to an “overweight” rating in a research report on Tuesday, September 3rd. StockNews.com lowered Deutsche Bank Aktiengesellschaft from a “buy” rating to a “hold” rating in a research report on Friday, July 26th. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold”.

Deutsche Bank Aktiengesellschaft Stock Performance

The company has a debt-to-equity ratio of 1.43, a current ratio of 0.78 and a quick ratio of 0.78. The stock has a 50-day simple moving average of $15.90 and a 200-day simple moving average of $15.85. The stock has a market cap of $32.43 billion, a P/E ratio of 6.85, a PEG ratio of 2.54 and a beta of 1.21.

Deutsche Bank Aktiengesellschaft (NYSE:DB) last announced its quarterly earnings results on Wednesday, July 24th. The bank reported ($0.41) EPS for the quarter, missing analysts’ consensus estimates of $0.49 by ($0.90). Deutsche Bank Aktiengesellschaft had a net margin of 5.58% and a return on equity of 4.63%. The firm had revenue of $7.87 billion for the quarter, compared to analyst estimates of $8.18 billion. Research analysts forecast that Deutsche Bank Aktiengesellschaft will post 2.29 earnings per share for the current year.

Hedge Funds Weigh In On Deutsche Bank Aktiengesellschaft

Several institutional investors have recently added to or reduced their stakes in DB. Capital International Investors lifted its stake in Deutsche Bank Aktiengesellschaft by 163.4% in the first quarter. Capital International Investors now owns 48,638,662 shares of the bank’s stock valued at $765,173,000 after buying an additional 30,173,405 shares during the period. Norges Bank bought a new stake in shares of Deutsche Bank Aktiengesellschaft during the fourth quarter valued at approximately $326,093,000. Legal & General Group Plc increased its holdings in shares of Deutsche Bank Aktiengesellschaft by 8,267.7% during the second quarter. Legal & General Group Plc now owns 20,181,236 shares of the bank’s stock valued at $322,438,000 after acquiring an additional 19,940,056 shares in the last quarter. Acadian Asset Management LLC increased its holdings in shares of Deutsche Bank Aktiengesellschaft by 81.9% during the first quarter. Acadian Asset Management LLC now owns 16,069,955 shares of the bank’s stock valued at $253,048,000 after acquiring an additional 7,237,525 shares in the last quarter. Finally, Capital International Inc. CA grew its holdings in Deutsche Bank Aktiengesellschaft by 414.1% during the first quarter. Capital International Inc. CA now owns 7,371,601 shares of the bank’s stock worth $115,971,000 after buying an additional 5,937,749 shares in the last quarter. 27.90% of the stock is owned by institutional investors and hedge funds.

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.