Deutsche Bank (NYSE:DB) Stock Price Down 1.9%

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.

Deutsche Bank (NYSE:DB) last posted its quarterly earnings results on Friday, April 26th. The bank reported $0.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.07 by $0.02. Deutsche Bank had a net margin of 0.92% and a return on equity of 0.49%. The business had revenue of $7.21 billion during the quarter. Equities research analysts anticipate that Deutsche Bank AG will post 0.59 earnings per share for the current year.

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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