Deutsche Bank Aktiengesellschaft (NYSE:DB) Shares Gap Down – Here’s Why

Deutsche Bank Aktiengesellschaft (NYSE:DB)’s stock price gapped down prior to trading on Wednesday. The stock had previously closed at $35.13, but opened at $33.25. Deutsche Bank Aktiengesellschaft shares last traded at $33.3810, with a volume of 516,147 shares traded.

Wall Street Analyst Weigh In

DB has been the subject of several research analyst reports. Weiss Ratings raised shares of Deutsche Bank Aktiengesellschaft from a “buy (b-)” rating to a “buy (b)” rating in a report on Wednesday, July 29th. Citigroup restated a “neutral” rating on shares of Deutsche Bank Aktiengesellschaft in a research report on Monday, July 20th. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of Deutsche Bank Aktiengesellschaft in a research note on Thursday, July 30th. The Goldman Sachs Group upgraded shares of Deutsche Bank Aktiengesellschaft from a “neutral” rating to a “buy” rating in a research note on Tuesday, September 1st. Finally, Keefe, Bruyette & Woods raised Deutsche Bank Aktiengesellschaft from a “moderate sell” rating to a “hold” rating in a report on Thursday, July 9th. Five equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $43.00.

Deutsche Bank Aktiengesellschaft Stock Performance

The company’s 50-day moving average price is $38.09 and its two-hundred day moving average price is $34.76. The company has a market cap of $65.29 billion, a P/E ratio of 8.97, a price-to-earnings-growth ratio of 0.47 and a beta of 1.00. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 1.35.

Deutsche Bank Aktiengesellschaft (NYSE:DB) last released its earnings results on Thursday, July 30th. The bank reported $0.66 EPS for the quarter, missing the consensus estimate of $0.91 by ($0.25). The business had revenue of $9.68 billion for the quarter, compared to analyst estimates of $9.30 billion. Deutsche Bank Aktiengesellschaft had a net margin of 11.53% and a return on equity of 8.46%. As a group, equities analysts forecast that Deutsche Bank Aktiengesellschaft will post 3.89 earnings per share for the current year.

Institutional Investors Weigh In On Deutsche Bank Aktiengesellschaft

Several large investors have recently modified their holdings of the stock. GAMMA Investing LLC increased its position in Deutsche Bank Aktiengesellschaft by 51.6% in the 2nd quarter. GAMMA Investing LLC now owns 814 shares of the bank’s stock worth $27,000 after purchasing an additional 277 shares during the last quarter. Triumph Capital Management lifted its holdings in shares of Deutsche Bank Aktiengesellschaft by 4.8% during the 2nd quarter. Triumph Capital Management now owns 8,673 shares of the bank’s stock valued at $293,000 after buying an additional 399 shares during the last quarter. Greenleaf Trust grew its stake in shares of Deutsche Bank Aktiengesellschaft by 6.2% in the 2nd quarter. Greenleaf Trust now owns 9,999 shares of the bank’s stock valued at $338,000 after buying an additional 587 shares in the last quarter. Versant Capital Management Inc increased its holdings in Deutsche Bank Aktiengesellschaft by 2.8% in the second quarter. Versant Capital Management Inc now owns 22,407 shares of the bank’s stock worth $756,000 after buying an additional 612 shares during the last quarter. Finally, Byrne Asset Management LLC bought a new position in Deutsche Bank Aktiengesellschaft during the third quarter valued at approximately $34,000. 27.90% of the stock is owned by institutional investors.

About Deutsche Bank Aktiengesellschaft

Deutsche Bank Aktiengesellschaft is a Germany-based global financial services company headquartered in Frankfurt. Founded in 1870, the bank serves corporations, institutions, governments, entrepreneurs and private clients through a broad range of banking and financial services.

Its principal business areas include Corporate Bank, Investment Bank, Private Bank and Asset Management. Services include transaction banking, lending, cash management, trade finance, investment banking, securities trading, wealth management, retail banking and asset management.