Shares of Deutsche Bank AG (NYSE:DB) were down 1.9% during trading on Friday . The stock traded as low as $6.74 and last traded at $6.74. Approximately 77,490 shares changed hands during trading, a decline of 98% from the average daily volume of 4,919,397 shares. The stock had previously closed at $6.87.
Several analysts have recently commented on DB shares. DZ Bank reaffirmed a “neutral” rating on shares of Deutsche Bank in a research report on Wednesday, March 13th. HSBC reaffirmed a “hold” rating on shares of Deutsche Bank in a research report on Tuesday, March 19th. Royal Bank of Canada reaffirmed a “sell” rating on shares of Deutsche Bank in a research report on Friday, March 22nd. Barclays reaffirmed a “sell” rating on shares of Deutsche Bank in a research report on Monday, March 25th. Finally, UBS Group reaffirmed a “hold” rating on shares of Deutsche Bank in a research report on Thursday, April 4th. Nine investment analysts have rated the stock with a sell rating and ten have given a hold rating to the stock. Deutsche Bank has an average rating of “Hold” and a consensus price target of $7.55.
The company has a current ratio of 0.80, a quick ratio of 0.80 and a debt-to-equity ratio of 2.27. The stock has a market cap of $14.20 billion, a PE ratio of -679.00 and a beta of 1.43.
Hedge funds and other institutional investors have recently bought and sold shares of the stock. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp purchased a new position in Deutsche Bank during the 4th quarter worth $2,133,000. Janus Henderson Group PLC boosted its holdings in Deutsche Bank by 0.9% during the 1st quarter. Janus Henderson Group PLC now owns 668,300 shares of the bank’s stock worth $5,433,000 after acquiring an additional 5,881 shares during the last quarter. Banque Pictet & Cie SA boosted its holdings in Deutsche Bank by 54.6% during the 1st quarter. Banque Pictet & Cie SA now owns 845,600 shares of the bank’s stock worth $6,893,000 after acquiring an additional 298,700 shares during the last quarter. Toronto Dominion Bank boosted its holdings in Deutsche Bank by 58.3% during the 4th quarter. Toronto Dominion Bank now owns 234,197 shares of the bank’s stock worth $1,868,000 after acquiring an additional 86,285 shares during the last quarter. Finally, Two Sigma Advisers LP purchased a new position in Deutsche Bank during the 4th quarter worth $1,116,000. 19.34% of the stock is owned by institutional investors and hedge funds.
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About Deutsche Bank (NYSE:DB)
Deutsche Bank Aktiengesellschaft provides investment, financial, and related products and services to private individuals, corporate entities, and institutional clients worldwide. It operates through three segments: Corporate & Investment Bank (CIB), Private & Commercial Bank (PCB), and Deutsche Asset Management.
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