Deutsche Bank Aktiengesellschaft (NYSE:DB) Shares Gap Up – Here’s What Happened

Deutsche Bank Aktiengesellschaft (NYSE:DB)’s share price gapped up prior to trading on Thursday . The stock had previously closed at $33.86, but opened at $36.18. Deutsche Bank Aktiengesellschaft shares last traded at $36.2840, with a volume of 779,317 shares.

Wall Street Analysts Forecast Growth

DB has been the subject of a number of recent analyst reports. Citigroup upgraded shares of Deutsche Bank Aktiengesellschaft from a “sell” rating to a “hold” rating in a report on Thursday, April 9th. Weiss Ratings lowered shares of Deutsche Bank Aktiengesellschaft from a “buy (b)” rating to a “buy (b-)” rating in a report on Wednesday, May 6th. Barclays downgraded shares of Deutsche Bank Aktiengesellschaft from an “overweight” rating to an “equal weight” rating in a research note on Monday, April 20th. Wall Street Zen lowered shares of Deutsche Bank Aktiengesellschaft from a “buy” rating to a “hold” rating in a report on Saturday, June 6th. Finally, Oddo Bhf upgraded Deutsche Bank Aktiengesellschaft to an “outperform” rating in a report on Friday, May 8th. Four analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold”.

Deutsche Bank Aktiengesellschaft Price Performance

The company has a market cap of $70.13 billion, a PE ratio of 9.95, a price-to-earnings-growth ratio of 0.46 and a beta of 0.94. The business has a 50 day moving average of $32.64 and a 200 day moving average of $34.37. The company has a debt-to-equity ratio of 1.40, a current ratio of 0.74 and a quick ratio of 0.74.

Deutsche Bank Aktiengesellschaft (NYSE:DB) last issued its quarterly earnings data on Wednesday, April 29th. The bank reported $1.24 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.15 by $0.09. Deutsche Bank Aktiengesellschaft had a net margin of 10.43% and a return on equity of 7.69%. The business had revenue of $10.04 billion for the quarter, compared to the consensus estimate of $9.85 billion. As a group, research analysts predict that Deutsche Bank Aktiengesellschaft will post 3.95 EPS for the current year.

Hedge Funds Weigh In On Deutsche Bank Aktiengesellschaft

Institutional investors have recently bought and sold shares of the stock. Triumph Capital Management purchased a new stake in Deutsche Bank Aktiengesellschaft in the third quarter worth about $32,000. Geneos Wealth Management Inc. raised its position in shares of Deutsche Bank Aktiengesellschaft by 178.0% in the 2nd quarter. Geneos Wealth Management Inc. now owns 1,376 shares of the bank’s stock worth $40,000 after acquiring an additional 881 shares in the last quarter. Advisory Services Network LLC bought a new position in shares of Deutsche Bank Aktiengesellschaft in the 3rd quarter worth approximately $59,000. GHP Investment Advisors Inc. purchased a new position in shares of Deutsche Bank Aktiengesellschaft in the 1st quarter valued at approximately $64,000. Finally, Advocate Investing Services LLC bought a new stake in shares of Deutsche Bank Aktiengesellschaft during the fourth quarter valued at approximately $93,000. 27.90% of the stock is owned by institutional investors.

About Deutsche Bank Aktiengesellschaft

Deutsche Bank Aktiengesellschaft is a global banking and financial services company headquartered in Frankfurt, Germany. Founded in 1870 to support German foreign trade, the firm has grown into a full-service bank offering a wide range of banking, advisory and transaction services to corporate, institutional, and private clients. Over its history the bank has expanded internationally and developed capabilities across capital markets, investment banking, retail and commercial banking, and wealth management.

The bank’s core business activities include corporate and investment banking—covering financing, advisory, sales and trading, and capital markets services—along with private & commercial banking for individual and small-to-medium enterprise clients.