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

Deutsche Bank Aktiengesellschaft (NYSE:DB) shares 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 trading hands.

Wall Street Analyst Weigh In

DB has been the topic of several recent research reports. Barclays raised shares of Deutsche Bank Aktiengesellschaft from an “equal weight” rating to an “overweight” rating in a research report on Tuesday, September 3rd. StockNews.com lowered shares of Deutsche Bank Aktiengesellschaft from a “buy” rating to a “hold” rating in a research report on Friday, July 26th. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, Deutsche Bank Aktiengesellschaft 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 firm has a fifty day simple moving average of $15.90 and a 200 day simple moving average of $15.85. The company has a market cap of $32.43 billion, a price-to-earnings ratio of 6.85, a P/E/G 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 the consensus estimate 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 company had revenue of $7.87 billion for the quarter, compared to analyst estimates of $8.18 billion. On average, sell-side analysts expect that Deutsche Bank Aktiengesellschaft will post 2.29 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Deutsche Bank Aktiengesellschaft

Several hedge funds and other institutional investors have recently modified their holdings of DB. Rothschild Investment LLC acquired a new stake in Deutsche Bank Aktiengesellschaft during the second quarter worth $29,000. SYSTM Wealth Solutions LLC acquired a new stake in Deutsche Bank Aktiengesellschaft during the second quarter worth $31,000. Parallel Advisors LLC boosted its stake in Deutsche Bank Aktiengesellschaft by 26.9% during the fourth quarter. Parallel Advisors LLC now owns 5,483 shares of the bank’s stock worth $74,000 after buying an additional 1,163 shares in the last quarter. EverSource Wealth Advisors LLC boosted its stake in Deutsche Bank Aktiengesellschaft by 20.5% during the first quarter. EverSource Wealth Advisors LLC now owns 7,368 shares of the bank’s stock worth $118,000 after buying an additional 1,251 shares in the last quarter. Finally, Blue Trust Inc. lifted its holdings in shares of Deutsche Bank Aktiengesellschaft by 251.8% during the second quarter. Blue Trust Inc. now owns 8,587 shares of the bank’s stock valued at $135,000 after acquiring an additional 6,146 shares during the period. Institutional investors and hedge funds own 27.90% of the company’s stock.

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.