Deutsche Bank AG (NYSE:DB) shares gapped up before the market opened on Thursday . The stock had previously closed at $14.21, but opened at $14.30. Deutsche Bank AG shares last traded at $14.43, with a volume of 2,612,945 shares traded.

Several research firms have weighed in on DB. Keefe, Bruyette & Woods downgraded Deutsche Bank AG from a “market perform” rating to an “underperform” rating in a research note on Friday, April 29th. Vetr downgraded Deutsche Bank AG from a “buy” rating to a “hold” rating and set a $20.15 price target on the stock. in a research note on Friday, April 29th. DZ Bank AG reiterated a “neutral” rating on shares of Deutsche Bank AG in a research note on Thursday, April 28th. Zacks Investment Research downgraded Deutsche Bank AG from a “buy” rating to a “hold” rating in a research note on Tuesday, May 3rd. Finally, Societe Generale reiterated a “sell” rating on shares of Deutsche Bank AG in a research note on Monday, June 13th. Five research analysts have rated the stock with a sell rating, fifteen have issued a hold rating and three have given a buy rating to the company’s stock. Deutsche Bank AG has an average rating of “Hold” and an average price target of $21.00.

The company’s 50-day moving average price is $15.02 and its 200 day moving average price is $17.36. The stock’s market capitalization is $19.74 billion.

Other institutional investors recently added to or reduced their stakes in the company. Mandatum Life Insurance Co Ltd bought a new position in Deutsche Bank AG during the fourth quarter worth about $1,455,000. BNP Paribas Arbitrage SA raised its position in Deutsche Bank AG by 21.3% in the fourth quarter. BNP Paribas Arbitrage SA now owns 294,282 shares of the company’s stock worth $7,107,000 after buying an additional 51,770 shares in the last quarter. Bank of Montreal Can raised its position in Deutsche Bank AG by 304.2% in the fourth quarter. Bank of Montreal Can now owns 967,919 shares of the company’s stock worth $23,375,000 after buying an additional 728,448 shares in the last quarter. Schroder Investment Management Group raised its position in Deutsche Bank AG by 7.8% in the fourth quarter. Schroder Investment Management Group now owns 9,025,293 shares of the company’s stock worth $203,294,000 after buying an additional 649,298 shares in the last quarter. Finally, Vanguard Group Inc. raised its position in Deutsche Bank AG by 2.8% in the fourth quarter. Vanguard Group Inc. now owns 29,308,802 shares of the company’s stock worth $707,807,000 after buying an additional 811,605 shares in the last quarter.

Deutsche Bank AG is a global investment bank. The Bank is a financial services provider to Indian corporate, institutional and individual clients. It operates through five corporate divisions: Corporate Banking & Securities (CB&S), Private & Business Clients (PBC), Global Transaction Banking (GTB), Deutsche Asset & Wealth Management (Deutsche AWM) and Non-Core Operations Unit (NCOU).

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