Deutsche Bank AG (DB) Shares Gap Up to $15.66
Deutsche Bank AG (NYSE:DB) shares gapped up before the market opened on Wednesday . The stock had previously closed at $15.32, but opened at $15.66. Deutsche Bank AG shares last traded at $15.99, with a volume of 4,161,170 shares traded.
DB has been the topic of several recent research reports. ValuEngine raised Deutsche Bank AG from a “hold” rating to a “buy” rating in a report on Tuesday, June 13th. BidaskClub raised Deutsche Bank AG from a “hold” rating to a “buy” rating in a report on Tuesday, July 11th. DZ Bank AG reissued a “buy” rating on shares of Deutsche Bank AG in a research report on Friday, May 19th. Finally, Zacks Investment Research raised Deutsche Bank AG from a “hold” rating to a “buy” rating and set a $18.00 price objective for the company in a research report on Tuesday, August 22nd. Seven analysts have rated the stock with a sell rating, seven have given a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $17.21.
The stock’s market capitalization is $33.03 billion. The company’s 50 day moving average price is $17.33 and its 200 day moving average price is $17.88.
A number of institutional investors and hedge funds have recently modified their holdings of DB. Capital World Investors lifted its holdings in Deutsche Bank AG by 82.3% in the second quarter. Capital World Investors now owns 23,884,260 shares of the bank’s stock worth $423,513,000 after buying an additional 10,784,260 shares during the period. DekaBank Deutsche Girozentrale lifted its holdings in Deutsche Bank AG by 33.9% in the second quarter. DekaBank Deutsche Girozentrale now owns 27,368,588 shares of the bank’s stock worth $491,602,000 after buying an additional 6,923,038 shares during the period. Renaissance Technologies LLC lifted its holdings in Deutsche Bank AG by 211.7% in the first quarter. Renaissance Technologies LLC now owns 3,971,796 shares of the bank’s stock worth $68,385,000 after buying an additional 2,697,658 shares during the period. The Manufacturers Life Insurance Company purchased a new stake in Deutsche Bank AG in the second quarter worth about $27,950,000. Finally, Thornburg Investment Management Inc. purchased a new stake in Deutsche Bank AG in the first quarter worth about $24,647,000. Institutional investors and hedge funds own 22.52% of the company’s stock.
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Deutsche Bank AG Company Profile
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