Deutsche Bank Aktiengesellschaft (NYSE:DB) Shares Gap Down to $17.04

Deutsche Bank Aktiengesellschaft (NYSE:DB) gapped down before the market opened on Wednesday . The stock had previously closed at $17.04, but opened at $15.98. Deutsche Bank Aktiengesellschaft shares last traded at $15.82, with a volume of 724,862 shares traded.

Analyst Upgrades and Downgrades

Separately, Morgan Stanley upgraded Deutsche Bank Aktiengesellschaft from an “equal weight” rating to an “overweight” rating in a research note on Wednesday, March 27th.

Deutsche Bank Aktiengesellschaft Trading Down 9.4 %

The firm has a market cap of $31.89 billion, a P/E ratio of 6.82, a price-to-earnings-growth ratio of 3.26 and a beta of 1.22. The business’s 50 day moving average is $16.48 and its 200-day moving average is $15.28. The company has a quick ratio of 0.80, a current ratio of 0.80 and a debt-to-equity ratio of 1.40.

Deutsche Bank Aktiengesellschaft (NYSE:DB) last released its earnings results on Thursday, April 25th. The bank reported $0.75 earnings per share for the quarter, topping the consensus estimate of $0.66 by $0.09. The company had revenue of $8.45 billion during the quarter, compared to the consensus estimate of $8.13 billion. Deutsche Bank Aktiengesellschaft had a net margin of 6.68% and a return on equity of 5.47%. As a group, analysts forecast that Deutsche Bank Aktiengesellschaft will post 2.27 earnings per share for the current fiscal year.

Deutsche Bank Aktiengesellschaft Cuts Dividend

The company also recently declared an annual dividend, which was paid on Tuesday, May 21st. Investors of record on Thursday, May 16th were given a dividend of $0.3313 per share. This represents a dividend yield of 2.05%. The ex-dividend date was Friday, May 17th.

Institutional Trading of Deutsche Bank Aktiengesellschaft

Several institutional investors have recently added to or reduced their stakes in the business. Blue Trust Inc. boosted its holdings in shares of Deutsche Bank Aktiengesellschaft by 221.4% in the 4th quarter. Blue Trust Inc. now owns 3,882 shares of the bank’s stock valued at $53,000 after buying an additional 2,674 shares during the period. Parallel Advisors LLC raised its position in shares of Deutsche Bank Aktiengesellschaft by 26.9% during the 4th quarter. Parallel Advisors LLC now owns 5,483 shares of the bank’s stock worth $74,000 after purchasing an additional 1,163 shares during the period. EverSource Wealth Advisors LLC lifted its holdings in shares of Deutsche Bank Aktiengesellschaft by 20.5% in the 1st quarter. EverSource Wealth Advisors LLC now owns 7,368 shares of the bank’s stock worth $118,000 after purchasing an additional 1,251 shares during the last quarter. Headlands Technologies LLC acquired a new position in Deutsche Bank Aktiengesellschaft during the 4th quarter valued at approximately $119,000. Finally, Leo Wealth LLC bought a new position in Deutsche Bank Aktiengesellschaft during the 1st quarter worth $159,000. Institutional investors own 27.90% of the company’s stock.

Deutsche Bank Aktiengesellschaft Company Profile

Deutsche Bank Aktiengesellschaft, a stock corporation, provides corporate and investment banking, and asset management products and services to private individuals, corporate entities, and institutional clients in Germany, the United Kingdom, rest of Europe, the Middle East, Africa, the Americas, and the Asia-Pacific.