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.

Several research analysts recently weighed in on the stock. Zacks Investment Research cut shares of Deutsche Bank AG from a “buy” rating to a “strong sell” rating in a report on Thursday. ValuEngine upgraded shares of Deutsche Bank AG from a “hold” rating to a “buy” rating in a report on Tuesday, June 13th. Macquarie cut shares of Deutsche Bank AG from a “neutral” rating to an “underperform” rating in a report on Tuesday, August 15th. J P Morgan Chase & Co restated a “neutral” rating on shares of Deutsche Bank AG in a report on Tuesday, May 23rd. Finally, BidaskClub upgraded shares of Deutsche Bank AG from a “sell” rating to a “hold” rating in a report on Thursday, June 29th. Seven investment analysts have rated the stock with a sell rating, seven have given a hold rating, one has given a buy rating and one has assigned a strong buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $17.21.

The company has a 50 day moving average of $17.19 and a 200 day moving average of $17.86. The company’s market cap is $32.88 billion.

Hedge funds and other institutional investors have recently made changes to their positions in the company. Capstone Asset Management Co. boosted its holdings in shares of Deutsche Bank AG by 37.4% during the 2nd quarter. Capstone Asset Management Co. now owns 175,955 shares of the bank’s stock valued at $3,130,000 after acquiring an additional 47,870 shares during the last quarter. Lipe & Dalton purchased a new stake in shares of Deutsche Bank AG during the 2nd quarter valued at about $2,372,000. Renaissance Technologies LLC boosted its holdings in shares of Deutsche Bank AG by 211.7% during the 1st quarter. Renaissance Technologies LLC now owns 3,971,796 shares of the bank’s stock valued at $68,385,000 after acquiring an additional 2,697,658 shares during the last quarter. Russell Investments Group Ltd. boosted its holdings in shares of Deutsche Bank AG by 4.4% during the 2nd quarter. Russell Investments Group Ltd. now owns 2,909,133 shares of the bank’s stock valued at $51,669,000 after acquiring an additional 123,207 shares during the last quarter. Finally, Brave Asset Management Inc. purchased a new stake in shares of Deutsche Bank AG during the 2nd quarter valued at about $414,000. 22.52% of the stock is currently owned by hedge funds and other institutional investors.

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About Deutsche Bank AG

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