Deutsche Bank Aktiengesellschaft (NYSE:DB) Shares Gap Up – What’s Next?

Deutsche Bank Aktiengesellschaft (NYSE:DB) shares gapped up prior to trading on Wednesday . The stock had previously closed at $20.99, but opened at $22.91. Deutsche Bank Aktiengesellschaft shares last traded at $23.21, with a volume of 1,869,876 shares trading hands.

Analyst Ratings Changes

A number of research analysts have recently issued reports on the company. Morgan Stanley reiterated an “overweight” rating on shares of Deutsche Bank Aktiengesellschaft in a research report on Monday, February 3rd. The Goldman Sachs Group raised shares of Deutsche Bank Aktiengesellschaft to a “strong-buy” rating in a research note on Thursday, January 30th. Citigroup reiterated a “neutral” rating on shares of Deutsche Bank Aktiengesellschaft in a research note on Monday, February 3rd. StockNews.com upgraded Deutsche Bank Aktiengesellschaft from a “hold” rating to a “buy” rating in a research report on Wednesday, February 5th. Finally, Barclays reiterated an “overweight” rating on shares of Deutsche Bank Aktiengesellschaft in a research report on Monday, February 3rd. Two research analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy”.

Deutsche Bank Aktiengesellschaft Stock Performance

The company has a debt-to-equity ratio of 1.45, a quick ratio of 0.78 and a current ratio of 0.74. The firm’s 50 day moving average is $19.20 and its 200-day moving average is $17.73. The company has a market cap of $46.58 billion, a PE ratio of 16.83 and a beta of 1.22.

Deutsche Bank Aktiengesellschaft (NYSE:DB) last posted its quarterly earnings results on Thursday, January 30th. The bank reported $0.16 EPS for the quarter, missing the consensus estimate of $0.43 by ($0.27). Deutsche Bank Aktiengesellschaft had a net margin of 4.66% and a return on equity of 3.90%. On average, research analysts anticipate that Deutsche Bank Aktiengesellschaft will post 2.93 earnings per share for the current fiscal year.

Deutsche Bank Aktiengesellschaft Increases Dividend

The business also recently declared an annual dividend, which will be paid on Tuesday, May 27th. Stockholders of record on Monday, May 26th will be issued a dividend of $0.5122 per share. This represents a dividend yield of 1.7%. The ex-dividend date is Friday, May 23rd. This is a positive change from Deutsche Bank Aktiengesellschaft’s previous annual dividend of $0.33. Deutsche Bank Aktiengesellschaft’s payout ratio is currently 15.18%.

Institutional Investors Weigh In On Deutsche Bank Aktiengesellschaft

Hedge funds have recently modified their holdings of the company. Versant Capital Management Inc purchased a new stake in shares of Deutsche Bank Aktiengesellschaft during the 4th quarter valued at approximately $26,000. Wilmington Savings Fund Society FSB acquired a new stake in Deutsche Bank Aktiengesellschaft during the third quarter worth $43,000. Jones Financial Companies Lllp raised its position in Deutsche Bank Aktiengesellschaft by 1,270.5% in the fourth quarter. Jones Financial Companies Lllp now owns 4,043 shares of the bank’s stock valued at $69,000 after purchasing an additional 3,748 shares during the period. Activest Wealth Management acquired a new position in shares of Deutsche Bank Aktiengesellschaft in the 4th quarter valued at $86,000. Finally, Smartleaf Asset Management LLC grew its holdings in shares of Deutsche Bank Aktiengesellschaft by 218.4% during the 4th quarter. Smartleaf Asset Management LLC now owns 7,278 shares of the bank’s stock worth $125,000 after purchasing an additional 4,992 shares during the period. Hedge funds and other 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.