Deutsche Bank AG (DB) Shares Down 3.7%
Deutsche Bank AG (NYSE:DB) shares traded down 3.7% during trading on Tuesday . The company traded as low as $13.95 and last traded at $14.00, with a volume of 3,244,978 shares trading hands. The stock had previously closed at $14.54.
A number of research analysts have recently commented on the stock. Vetr downgraded shares of Deutsche Bank AG from a “buy” rating to a “hold” rating and set a $20.15 price objective for the company. in a research note on Friday, April 29th. Berenberg Bank cut Deutsche Bank AG from a “hold” rating to a “sell” rating and decreased their target price for the stock from $16.48 to $16.39 in a report on Monday, May 16th. JPMorgan Chase & Co. reiterated a “buy” rating on shares of Deutsche Bank AG in a report on Monday, April 11th. Finally, Keefe, Bruyette & Woods reiterated a “hold” rating on shares of Deutsche Bank AG in a report on Tuesday, June 28th. Five investment 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. The stock presently has a consensus rating of “Hold” and a consensus target price of $21.00.
The stock’s 50 day moving average is $15.24 and its 200-day moving average is $17.43. The stock’s market cap is $19.15 billion.
Other large investors have recently bought and sold shares of the company. Mandatum Life Insurance Co Ltd purchased a new stake in Deutsche Bank AG during the fourth quarter worth $1,455,000. BNP Paribas Arbitrage SA increased its stake 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 during the period. Bank of Montreal Can increased its stake 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 during the period. Schroder Investment Management Group increased its stake 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 during the period. Finally, Vanguard Group Inc. increased its stake 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 during the period.
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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