Deutsche Bank Aktiengesellschaft (NYSE:DB) Shares Gap Up – Here’s What Happened

Shares of Deutsche Bank Aktiengesellschaft (NYSE:DB) gapped up before the market opened on Thursday . The stock had previously closed at $33.86, but opened at $36.18. Deutsche Bank Aktiengesellschaft shares last traded at $36.2840, with a volume of 779,317 shares trading hands.

Analyst Upgrades and Downgrades

DB has been the topic of a number of analyst reports. Citigroup upgraded Deutsche Bank Aktiengesellschaft from a “sell” rating to a “hold” rating in a research note on Thursday, April 9th. Barclays downgraded shares of Deutsche Bank Aktiengesellschaft from an “overweight” rating to an “equal weight” rating in a report on Monday, April 20th. Oddo Bhf upgraded shares of Deutsche Bank Aktiengesellschaft to an “outperform” rating in a research report on Friday, May 8th. Weiss Ratings cut shares of Deutsche Bank Aktiengesellschaft from a “buy (b)” rating to a “buy (b-)” rating in a research note on Wednesday, May 6th. Finally, Wall Street Zen cut shares of Deutsche Bank Aktiengesellschaft from a “buy” rating to a “hold” rating in a research note on Saturday, June 6th. Four equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to MarketBeat, Deutsche Bank Aktiengesellschaft has a consensus rating of “Hold”.

Deutsche Bank Aktiengesellschaft Price Performance

The company has a debt-to-equity ratio of 1.40, a current ratio of 0.74 and a quick ratio of 0.74. The firm has a market capitalization of $70.13 billion, a PE ratio of 9.95, a P/E/G ratio of 0.46 and a beta of 0.94. The business’s 50 day moving average is $32.64 and its two-hundred day moving average is $34.37.

Deutsche Bank Aktiengesellschaft (NYSE:DB) last released its earnings results on Wednesday, April 29th. The bank reported $1.24 EPS for the quarter, beating analysts’ consensus estimates of $1.15 by $0.09. The business had revenue of $10.04 billion for the quarter, compared to analysts’ expectations of $9.85 billion. Deutsche Bank Aktiengesellschaft had a return on equity of 7.69% and a net margin of 10.43%. As a group, research analysts anticipate that Deutsche Bank Aktiengesellschaft will post 3.95 EPS for the current year.

Institutional Investors Weigh In On Deutsche Bank Aktiengesellschaft

A number of institutional investors have recently made changes to their positions in the business. Capital World Investors increased its holdings in shares of Deutsche Bank Aktiengesellschaft by 1.2% in the third quarter. Capital World Investors now owns 4,442,141 shares of the bank’s stock worth $156,201,000 after buying an additional 51,972 shares during the period. Compagnie Lombard Odier SCmA boosted its holdings in Deutsche Bank Aktiengesellschaft by 10.5% during the 4th quarter. Compagnie Lombard Odier SCmA now owns 629,334 shares of the bank’s stock valued at $24,475,000 after acquiring an additional 59,925 shares during the period. Vanguard Group Inc. grew its position in Deutsche Bank Aktiengesellschaft by 1.3% during the 4th quarter. Vanguard Group Inc. now owns 80,119,806 shares of the bank’s stock worth $3,087,737,000 after acquiring an additional 1,051,072 shares during the last quarter. QRG Capital Management Inc. grew its position in Deutsche Bank Aktiengesellschaft by 27.3% during the 4th quarter. QRG Capital Management Inc. now owns 209,554 shares of the bank’s stock worth $8,080,000 after acquiring an additional 44,937 shares during the last quarter. Finally, ABN AMRO Bank N.V. increased its stake in Deutsche Bank Aktiengesellschaft by 116.8% in the 4th quarter. ABN AMRO Bank N.V. now owns 264,172 shares of the bank’s stock worth $10,234,000 after purchasing an additional 142,348 shares during the period. Hedge funds and other institutional investors own 27.90% of the company’s stock.

About Deutsche Bank Aktiengesellschaft

Deutsche Bank Aktiengesellschaft is a global banking and financial services company headquartered in Frankfurt, Germany. Founded in 1870 to support German foreign trade, the firm has grown into a full-service bank offering a wide range of banking, advisory and transaction services to corporate, institutional, and private clients. Over its history the bank has expanded internationally and developed capabilities across capital markets, investment banking, retail and commercial banking, and wealth management.

The bank’s core business activities include corporate and investment banking—covering financing, advisory, sales and trading, and capital markets services—along with private & commercial banking for individual and small-to-medium enterprise clients.