Deutsche Bank Aktiengesellschaft (NYSE:DB) Shares Gap Up to $15.94

Deutsche Bank Aktiengesellschaft (NYSE:DB) gapped up before the market opened on Monday . The stock had previously closed at $15.94, but opened at $16.49. Deutsche Bank Aktiengesellschaft shares last traded at $16.52, with a volume of 343,938 shares trading hands.

Analyst Upgrades and Downgrades

DB has been the subject of a number of research reports. StockNews.com upgraded Deutsche Bank Aktiengesellschaft from a “hold” rating to a “buy” rating in a report on Monday, March 18th. Morgan Stanley upgraded shares of Deutsche Bank Aktiengesellschaft from an “equal weight” rating to an “overweight” rating in a research report on Wednesday, March 27th. Finally, Erste Group Bank upgraded shares of Deutsche Bank Aktiengesellschaft from a “sell” rating to a “hold” rating in a report on Wednesday, March 13th. Four equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold”.

Deutsche Bank Aktiengesellschaft Stock Performance

The business has a 50 day moving average price of $16.53 and a two-hundred day moving average price of $14.89. The company has a debt-to-equity ratio of 1.40, a quick ratio of 0.80 and a current ratio of 0.80. The company has a market cap of $34.06 billion, a P/E ratio of 6.96, a price-to-earnings-growth ratio of 0.88 and a beta of 1.22.

Deutsche Bank Aktiengesellschaft (NYSE:DB) last announced its quarterly earnings data on Thursday, April 25th. The bank reported $0.75 earnings per share for the quarter, beating the consensus estimate of $0.66 by $0.09. Deutsche Bank Aktiengesellschaft had a return on equity of 5.47% and a net margin of 6.68%. The firm had revenue of $8.45 billion during the quarter, compared to the consensus estimate of $8.13 billion. On average, sell-side analysts anticipate that Deutsche Bank Aktiengesellschaft will post 2.25 earnings per share for the current year.

Deutsche Bank Aktiengesellschaft Cuts Dividend

The company also recently disclosed an annual dividend, which was paid on Tuesday, May 21st. Shareholders of record on Thursday, May 16th were given a $0.3313 dividend. This represents a dividend yield of 2.05%. The ex-dividend date of this dividend was Friday, May 17th.

Institutional Trading of Deutsche Bank Aktiengesellschaft

Several large investors have recently modified their holdings of the business. Anchor Investment Management LLC purchased a new position in Deutsche Bank Aktiengesellschaft during the 4th quarter valued at $41,000. Blue Trust Inc. increased its position in shares of Deutsche Bank Aktiengesellschaft by 221.4% during the fourth quarter. Blue Trust Inc. now owns 3,882 shares of the bank’s stock valued at $53,000 after buying an additional 2,674 shares during the period. Parallel Advisors LLC raised its stake in Deutsche Bank Aktiengesellschaft by 26.9% in the fourth quarter. Parallel Advisors LLC now owns 5,483 shares of the bank’s stock worth $74,000 after buying an additional 1,163 shares in the last quarter. EverSource Wealth Advisors LLC lifted its holdings in Deutsche Bank Aktiengesellschaft by 20.5% in the first quarter. EverSource Wealth Advisors LLC now owns 7,368 shares of the bank’s stock worth $118,000 after buying an additional 1,251 shares during the period. Finally, Headlands Technologies LLC bought a new stake in Deutsche Bank Aktiengesellschaft during the 4th quarter valued at approximately $119,000. 27.90% of the stock is owned by institutional investors.

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.