Deutsche Bank Aktiengesellschaft (NYSE:DB) Shares Gap Up to $16.48

Shares of Deutsche Bank Aktiengesellschaft (NYSE:DB) gapped up before the market opened on Thursday . The stock had previously closed at $16.48, but opened at $17.52. Deutsche Bank Aktiengesellschaft shares last traded at $17.81, with a volume of 2,802,358 shares changing hands.

Analyst Ratings Changes

Several analysts have commented on DB shares. StockNews.com raised shares of Deutsche Bank Aktiengesellschaft from a “hold” rating to a “buy” rating in a research report on Monday, March 18th. Erste Group Bank raised shares of Deutsche Bank Aktiengesellschaft from a “sell” rating to a “hold” rating in a research report on Wednesday, March 13th. Citigroup lowered shares of Deutsche Bank Aktiengesellschaft from a “buy” rating to a “neutral” rating in a research report on Wednesday, January 31st. Finally, Morgan Stanley raised shares of Deutsche Bank Aktiengesellschaft from an “equal weight” rating to an “overweight” rating in a research report on Wednesday, March 27th. Four analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold”.

Deutsche Bank Aktiengesellschaft Stock Down 0.9 %

The stock has a market capitalization of $36.72 billion, a PE ratio of 8.11, a price-to-earnings-growth ratio of 0.93 and a beta of 1.32. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 1.56. The company’s 50-day moving average is $15.00 and its 200 day moving average is $13.30.

Deutsche Bank Aktiengesellschaft (NYSE:DB) last announced its quarterly earnings data on Friday, February 2nd. The bank reported $0.72 EPS for the quarter, beating the consensus estimate of $0.37 by $0.35. The firm had revenue of $5.81 billion during the quarter, compared to analyst estimates of $7.46 billion. Deutsche Bank Aktiengesellschaft had a net margin of 6.86% and a return on equity of 5.37%. As a group, analysts anticipate that Deutsche Bank Aktiengesellschaft will post 2.22 EPS for the current year.

Institutional Investors Weigh In On Deutsche Bank Aktiengesellschaft

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of Deutsche Bank Aktiengesellschaft by 11.8% during the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,835,599 shares of the bank’s stock worth $28,908,000 after purchasing an additional 193,840 shares during the period. Assenagon Asset Management S.A. grew its stake in shares of Deutsche Bank Aktiengesellschaft by 2.8% during the 1st quarter. Assenagon Asset Management S.A. now owns 100,434 shares of the bank’s stock worth $1,582,000 after purchasing an additional 2,735 shares during the period. Drive Wealth Management LLC lifted its position in shares of Deutsche Bank Aktiengesellschaft by 8.4% during the 1st quarter. Drive Wealth Management LLC now owns 12,024 shares of the bank’s stock valued at $190,000 after buying an additional 934 shares in the last quarter. First Trust Direct Indexing L.P. lifted its position in shares of Deutsche Bank Aktiengesellschaft by 1.3% during the 1st quarter. First Trust Direct Indexing L.P. now owns 47,872 shares of the bank’s stock valued at $755,000 after buying an additional 630 shares in the last quarter. Finally, MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH lifted its position in shares of Deutsche Bank Aktiengesellschaft by 10.4% during the 1st quarter. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH now owns 1,620,402 shares of the bank’s stock valued at $25,519,000 after buying an additional 152,498 shares in the last quarter. Institutional investors and hedge funds own 27.90% of the company’s stock.

About Deutsche Bank Aktiengesellschaft

Deutsche Bank Aktiengesellschaft, a stock corporation, provides corporate and investment banking, and asset management products and services to private individuals, corporate entities, and institutional clients in Germany, the United Kingdom, rest of Europe, the Middle East, Africa, the Americas, and the Asia-Pacific.