Deutsche Bank Aktiengesellschaft (NYSE:DB) Shares Gap Up – Should You Buy?

Deutsche Bank Aktiengesellschaft (NYSE:DB) gapped up prior to trading on Thursday . The stock had previously closed at $33.86, but opened at $36.18. Deutsche Bank Aktiengesellschaft shares last traded at $36.2840, with a volume of 779,317 shares.

Analysts Set New Price Targets

A number of research analysts recently commented on DB shares. Weiss Ratings downgraded Deutsche Bank Aktiengesellschaft from a “buy (b)” rating to a “buy (b-)” rating in a research note on Wednesday, May 6th. Oddo Bhf upgraded shares of Deutsche Bank Aktiengesellschaft to an “outperform” rating in a research report on Friday, May 8th. Morgan Stanley reaffirmed an “overweight” rating on shares of Deutsche Bank Aktiengesellschaft in a report on Thursday. Barclays lowered shares of Deutsche Bank Aktiengesellschaft from an “overweight” rating to an “equal weight” rating in a research note on Monday, April 20th. Finally, Citigroup upgraded shares of Deutsche Bank Aktiengesellschaft from a “sell” rating to a “hold” rating in a research report on Thursday, April 9th. Four equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold”.

Deutsche Bank Aktiengesellschaft Price Performance

The stock has a market capitalization of $69.53 billion, a price-to-earnings ratio of 9.87, a P/E/G ratio of 0.49 and a beta of 0.94. The company has a quick ratio of 0.74, a current ratio of 0.74 and a debt-to-equity ratio of 1.40. The business has a 50-day simple moving average of $32.77 and a two-hundred day simple moving average of $34.37.

Deutsche Bank Aktiengesellschaft (NYSE:DB) last issued its quarterly earnings results on Wednesday, April 29th. The bank reported $1.24 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.15 by $0.09. Deutsche Bank Aktiengesellschaft had a return on equity of 7.69% and a net margin of 10.43%.The company had revenue of $10.04 billion for the quarter, compared to analysts’ expectations of $9.85 billion. As a group, research analysts predict that Deutsche Bank Aktiengesellschaft will post 3.95 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Deutsche Bank Aktiengesellschaft

Several hedge funds and other institutional investors have recently bought and sold shares of DB. AQR Capital Management LLC grew its stake in shares of Deutsche Bank Aktiengesellschaft by 15.9% in the 1st quarter. AQR Capital Management LLC now owns 126,101 shares of the bank’s stock worth $3,005,000 after purchasing an additional 17,262 shares during the last quarter. Focus Partners Wealth bought a new stake in shares of Deutsche Bank Aktiengesellschaft in the 1st quarter worth approximately $795,000. Sivia Capital Partners LLC acquired a new stake in Deutsche Bank Aktiengesellschaft during the second quarter valued at approximately $413,000. Rhumbline Advisers boosted its holdings in Deutsche Bank Aktiengesellschaft by 4.5% during the second quarter. Rhumbline Advisers now owns 27,750 shares of the bank’s stock worth $813,000 after buying an additional 1,187 shares in the last quarter. Finally, First Trust Advisors LP boosted its holdings in Deutsche Bank Aktiengesellschaft by 24.1% during the second quarter. First Trust Advisors LP now owns 528,327 shares of the bank’s stock worth $15,620,000 after buying an additional 102,754 shares in the last quarter. 27.90% of the stock is currently owned by institutional investors.

Deutsche Bank Aktiengesellschaft Company Profile

Deutsche Bank Aktiengesellschaft is a global banking and financial services company headquartered in Frankfurt, Germany. Founded in 1870 to support German foreign trade, the firm has grown into a full-service bank offering a wide range of banking, advisory and transaction services to corporate, institutional, and private clients. Over its history the bank has expanded internationally and developed capabilities across capital markets, investment banking, retail and commercial banking, and wealth management.

The bank’s core business activities include corporate and investment banking—covering financing, advisory, sales and trading, and capital markets services—along with private & commercial banking for individual and small-to-medium enterprise clients.