Deutsche Bank (NYSE:DB) Shares Gap Up to $7.12

Deutsche Bank AG (NYSE:DB) shares gapped up before the market opened on Wednesday . The stock had previously closed at $6.91, but opened at $7.12. Deutsche Bank shares last traded at $7.37, with a volume of 4,736,119 shares trading hands.

Several equities analysts have recently issued reports on DB shares. Barclays reissued a “sell” rating on shares of Deutsche Bank in a research note on Monday, March 25th. Credit Suisse Group restated a “sell” rating and set a $6.50 price target on shares of Deutsche Bank in a research report on Monday, April 29th. UBS Group lowered Deutsche Bank from a “neutral” rating to a “sell” rating and set a $7.42 price target on the stock. in a research report on Monday, May 20th. HSBC restated a “hold” rating on shares of Deutsche Bank in a research report on Tuesday, March 19th. Finally, Royal Bank of Canada restated a “sell” rating and set a $7.50 price target on shares of Deutsche Bank in a research report on Thursday, April 25th. Nine analysts have rated the stock with a sell rating and ten have assigned a hold rating to the company. The stock has an average rating of “Hold” and an average target price of $7.34.

The company has a quick ratio of 0.80, a current ratio of 0.80 and a debt-to-equity ratio of 2.27. The stock has a market cap of $14.72 billion, a P/E ratio of -737.00 and a beta of 1.43. The company’s 50-day moving average is $7.19.

Deutsche Bank (NYSE:DB) last released its quarterly earnings results on Friday, April 26th. The bank reported $0.09 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.07 by $0.02. Deutsche Bank had a return on equity of 0.49% and a net margin of 0.92%. The company had revenue of $7.21 billion for the quarter. On average, equities analysts predict that Deutsche Bank AG will post 0.59 earnings per share for the current fiscal year.

A number of institutional investors have recently added to or reduced their stakes in the business. Hudson Executive Capital LP boosted its holdings in Deutsche Bank by 8.8% in the fourth quarter. Hudson Executive Capital LP now owns 64,861,476 shares of the bank’s stock worth $528,624,000 after acquiring an additional 5,270,000 shares in the last quarter. Vanguard Group Inc boosted its holdings in Deutsche Bank by 2.1% in the third quarter. Vanguard Group Inc now owns 54,018,722 shares of the bank’s stock worth $613,653,000 after acquiring an additional 1,094,899 shares in the last quarter. Norges Bank bought a new stake in Deutsche Bank in the fourth quarter worth $161,774,000. DekaBank Deutsche Girozentrale boosted its holdings in Deutsche Bank by 12.0% in the first quarter. DekaBank Deutsche Girozentrale now owns 17,752,113 shares of the bank’s stock worth $200,006,000 after acquiring an additional 1,904,859 shares in the last quarter. Finally, Amundi Pioneer Asset Management Inc. boosted its holdings in Deutsche Bank by 14.6% in the fourth quarter. Amundi Pioneer Asset Management Inc. now owns 16,219,213 shares of the bank’s stock worth $132,185,000 after acquiring an additional 2,065,264 shares in the last quarter. 19.34% of the stock is currently owned by institutional investors and hedge funds.

Deutsche Bank Company Profile (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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