Deutsche Bank Aktiengesellschaft (NYSE:DB) Shares Break Below 50 Day Moving Average – Time to Sell?

Deutsche Bank Aktiengesellschaft (NYSE:DB)’s share price passed below its 50 day moving average during trading on Friday. The stock has a 50 day moving average of $35.96 and traded as low as $34.83. Deutsche Bank Aktiengesellschaft shares last traded at $34.8880, with a volume of 3,874,453 shares.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on DB. Warburg Research reiterated a “buy” rating on shares of Deutsche Bank Aktiengesellschaft in a research report on Wednesday, October 7th. Citigroup reissued a “neutral” rating on shares of Deutsche Bank Aktiengesellschaft in a research note on Monday, July 20th. DZ Bank reiterated a “buy” rating on shares of Deutsche Bank Aktiengesellschaft in a report on Wednesday, July 29th. Jefferies Financial Group upgraded shares of Deutsche Bank Aktiengesellschaft from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, October 27th. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Deutsche Bank Aktiengesellschaft in a research report on Tuesday, October 27th. One equities research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, four have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, Deutsche Bank Aktiengesellschaft has a consensus rating of “Moderate Buy” and an average price target of $43.00.

Deutsche Bank Aktiengesellschaft Trading Down 4.2%

The firm has a market capitalization of $67.68 billion, a PE ratio of 9.04, a P/E/G ratio of 0.52 and a beta of 1.05. The firm has a fifty day moving average of $35.96 and a 200 day moving average of $34.69. The company has a debt-to-equity ratio of 1.35, a quick ratio of 0.72 and a current ratio of 0.72.

Deutsche Bank Aktiengesellschaft (NYSE:DB) last announced its earnings results on Wednesday, October 28th. The bank reported $1.06 EPS for the quarter, topping the consensus estimate of $0.91 by $0.15. The firm had revenue of $9.44 billion for the quarter, compared to the consensus estimate of $9.32 billion. Deutsche Bank Aktiengesellschaft had a net margin of 11.59% and a return on equity of 8.63%. Equities research analysts expect that Deutsche Bank Aktiengesellschaft will post 3.80 EPS for the current year.

Hedge Funds Weigh In On Deutsche Bank Aktiengesellschaft

Institutional investors have recently bought and sold shares of the company. GAMMA Investing LLC raised its holdings in shares of Deutsche Bank Aktiengesellschaft by 51.6% during the second quarter. GAMMA Investing LLC now owns 814 shares of the bank’s stock valued at $27,000 after acquiring an additional 277 shares in the last quarter. D Orazio & Associates Inc. grew its stake in Deutsche Bank Aktiengesellschaft by 1.9% during the 3rd quarter. D Orazio & Associates Inc. now owns 15,001 shares of the bank’s stock valued at $538,000 after purchasing an additional 285 shares during the last quarter. Fifth Third Bancorp boosted its position in Deutsche Bank Aktiengesellschaft by 39.1% during the third quarter. Fifth Third Bancorp now owns 1,402 shares of the bank’s stock worth $50,000 after purchasing an additional 394 shares in the last quarter. Triumph Capital Management increased its stake in shares of Deutsche Bank Aktiengesellschaft by 4.8% in the 2nd quarter. Triumph Capital Management now owns 8,673 shares of the bank’s stock worth $293,000 after acquiring an additional 399 shares during the last quarter. Finally, Aprio Wealth Management LLC raised its stake in shares of Deutsche Bank Aktiengesellschaft by 2.3% in the third quarter. Aprio Wealth Management LLC now owns 23,373 shares of the bank’s stock valued at $839,000 after acquiring an additional 535 shares in the last quarter. Hedge funds and other institutional investors own 27.90% of the company’s stock.

About Deutsche Bank Aktiengesellschaft

Deutsche Bank Aktiengesellschaft is a global financial services company headquartered in Frankfurt, Germany. Founded in Berlin in 1870 to support German and international trade, it has grown into one of Germany’s largest banking groups.

The bank serves businesses, governments, institutional investors and individuals in Germany and other markets around the world. Its Corporate Bank provides services such as cash management, payments, trade finance and lending, while its Investment Bank offers capital-markets, advisory, financing and trading services.

Deutsche Bank also provides private banking and wealth management services to individuals and entrepreneurs, as well as asset management through its majority-owned subsidiary DWS Group.