Deutsche Bank Aktiengesellschaft (NYSE:DB) Shares Gap Down – Time to Sell?

Shares of Deutsche Bank Aktiengesellschaft (NYSE:DB) gapped down before the market opened on Wednesday. The stock had previously closed at $35.13, but opened at $33.25. Deutsche Bank Aktiengesellschaft shares last traded at $33.3810, with a volume of 516,147 shares traded.

Analysts Set New Price Targets

DB has been the topic of a number of recent analyst reports. Weiss Ratings upgraded Deutsche Bank Aktiengesellschaft from a “buy (b-)” rating to a “buy (b)” rating in a research report on Wednesday, July 29th. Citigroup restated a “neutral” rating on shares of Deutsche Bank Aktiengesellschaft in a research note on Monday, July 20th. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of Deutsche Bank Aktiengesellschaft in a report on Thursday, July 30th. The Goldman Sachs Group raised shares of Deutsche Bank Aktiengesellschaft from a “neutral” rating to a “buy” rating in a research note on Tuesday, September 1st. Finally, Keefe, Bruyette & Woods upgraded shares of Deutsche Bank Aktiengesellschaft from a “moderate sell” rating to a “hold” rating in a research report on Thursday, July 9th. Five research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Deutsche Bank Aktiengesellschaft currently has a consensus rating of “Moderate Buy” and a consensus price target of $43.00.

Deutsche Bank Aktiengesellschaft Trading Down 4.7%

The company has a debt-to-equity ratio of 1.35, a quick ratio of 0.72 and a current ratio of 0.72. The firm has a market cap of $64.96 billion, a price-to-earnings ratio of 8.92, a PEG ratio of 0.48 and a beta of 1.00. The business has a fifty day simple moving average of $38.19 and a 200-day simple moving average of $34.69.

Deutsche Bank Aktiengesellschaft (NYSE:DB) last released its quarterly earnings results on Thursday, July 30th. The bank reported $0.66 earnings per share for the quarter, missing the consensus estimate of $0.91 by ($0.25). Deutsche Bank Aktiengesellschaft had a return on equity of 8.46% and a net margin of 11.53%.The firm had revenue of $9.68 billion for the quarter, compared to the consensus estimate of $9.30 billion. As a group, equities analysts forecast that Deutsche Bank Aktiengesellschaft will post 3.93 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Deutsche Bank Aktiengesellschaft

A number of institutional investors have recently added to or reduced their stakes in the business. Byrne Asset Management LLC bought a new position in shares of Deutsche Bank Aktiengesellschaft during the third quarter valued at $34,000. QRG Capital Management Inc. grew its stake in shares of Deutsche Bank Aktiengesellschaft by 13.5% in the second quarter. QRG Capital Management Inc. now owns 184,060 shares of the bank’s stock worth $6,214,000 after purchasing an additional 21,840 shares during the last quarter. Envestnet Portfolio Solutions Inc. grew its stake in shares of Deutsche Bank Aktiengesellschaft by 16.4% in the second quarter. Envestnet Portfolio Solutions Inc. now owns 10,441 shares of the bank’s stock worth $352,000 after purchasing an additional 1,471 shares during the last quarter. WINTON GROUP Ltd acquired a new stake in Deutsche Bank Aktiengesellschaft in the second quarter valued at $652,000. Finally, Integrated Wealth Concepts LLC bought a new stake in shares of Deutsche Bank Aktiengesellschaft in the 2nd quarter valued at about $164,000. 27.90% of the stock is owned by institutional investors.

Deutsche Bank Aktiengesellschaft Company Profile

Deutsche Bank Aktiengesellschaft is a Germany-based global financial services company headquartered in Frankfurt. Founded in 1870, the bank serves corporations, institutions, governments, entrepreneurs and private clients through a broad range of banking and financial services.

Its principal business areas include Corporate Bank, Investment Bank, Private Bank and Asset Management. Services include transaction banking, lending, cash management, trade finance, investment banking, securities trading, wealth management, retail banking and asset management.