Stock Traders Buy High Volume of Put Options on Deutsche Bank Aktiengesellschaft (NYSE:DB)

Deutsche Bank Aktiengesellschaft (NYSE:DB) was the target of some unusual options trading activity on Thursday. Stock investors purchased 5,160 put options on the stock. This represents an increase of approximately 130% compared to the average daily volume of 2,239 put options.

Analysts Set New Price Targets

DB has been the topic of several research reports. The Goldman Sachs Group lowered Deutsche Bank Aktiengesellschaft from a “buy” rating to a “neutral” rating in a report on Tuesday, August 26th. Zacks Research lowered Deutsche Bank Aktiengesellschaft from a “strong-buy” rating to a “hold” rating in a research note on Friday, August 22nd. Royal Bank Of Canada restated an “outperform” rating on shares of Deutsche Bank Aktiengesellschaft in a research note on Monday, July 28th. Barclays upgraded Deutsche Bank Aktiengesellschaft to a “strong-buy” rating in a research report on Friday, October 10th. Finally, Jefferies Financial Group initiated coverage on Deutsche Bank Aktiengesellschaft in a report on Monday, October 20th. They issued a “hold” rating for the company. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, five have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold”.

Hedge Funds Weigh In On Deutsche Bank Aktiengesellschaft

Several large investors have recently bought and sold shares of the company. Plato Investment Management Ltd raised its position in Deutsche Bank Aktiengesellschaft by 41.1% in the third quarter. Plato Investment Management Ltd now owns 56,448 shares of the bank’s stock valued at $1,999,000 after purchasing an additional 16,448 shares during the last quarter. Smartleaf Asset Management LLC raised its position in shares of Deutsche Bank Aktiengesellschaft by 91.7% during the third quarter. Smartleaf Asset Management LLC now owns 14,313 shares of the bank’s stock worth $505,000 after acquiring an additional 6,846 shares during the last quarter. ABN AMRO Bank N.V. grew its stake in Deutsche Bank Aktiengesellschaft by 629.4% during the third quarter. ABN AMRO Bank N.V. now owns 121,824 shares of the bank’s stock worth $4,269,000 after purchasing an additional 105,122 shares during the period. Bessemer Group Inc. grew its stake in Deutsche Bank Aktiengesellschaft by 157.9% during the third quarter. Bessemer Group Inc. now owns 1,986 shares of the bank’s stock worth $70,000 after purchasing an additional 1,216 shares during the period. Finally, Savant Capital LLC grew its stake in Deutsche Bank Aktiengesellschaft by 45.8% during the third quarter. Savant Capital LLC now owns 16,806 shares of the bank’s stock worth $595,000 after purchasing an additional 5,277 shares during the period. 27.90% of the stock is currently owned by institutional investors.

Deutsche Bank Aktiengesellschaft Price Performance

Shares of DB traded up $0.10 during trading hours on Thursday, hitting $36.52. 288,634 shares of the company were exchanged, compared to its average volume of 3,002,336. The firm’s fifty day moving average is $35.35 and its 200 day moving average is $31.86. The company has a market cap of $72.76 billion, a price-to-earnings ratio of 13.43, a P/E/G ratio of 1.12 and a beta of 0.98. The company has a quick ratio of 0.79, a current ratio of 0.79 and a debt-to-equity ratio of 1.39. Deutsche Bank Aktiengesellschaft has a fifty-two week low of $16.02 and a fifty-two week high of $37.86.

Deutsche Bank Aktiengesellschaft (NYSE:DB) last released its quarterly earnings data on Wednesday, October 29th. The bank reported $0.97 earnings per share for the quarter, beating the consensus estimate of $0.81 by $0.16. The business had revenue of $9.44 billion for the quarter, compared to analyst estimates of $7.75 billion. Deutsche Bank Aktiengesellschaft had a return on equity of 6.13% and a net margin of 7.99%. On average, equities analysts anticipate that Deutsche Bank Aktiengesellschaft will post 2.93 earnings per share for the current fiscal year.

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.