Deutsche Bank Aktiengesellschaft (NYSE:DB) Sees Significant Decrease in Short Interest

Deutsche Bank Aktiengesellschaft (NYSE:DB) was the recipient of a significant decline in short interest in December. As of December 31st, there was short interest totaling 5,295,664 shares, a decline of 42.8% from the December 15th total of 9,263,893 shares. Based on an average trading volume of 1,846,268 shares, the days-to-cover ratio is presently 2.9 days. Approximately 0.3% of the shares of the stock are short sold. Approximately 0.3% of the shares of the stock are short sold. Based on an average trading volume of 1,846,268 shares, the days-to-cover ratio is presently 2.9 days.

Analysts Set New Price Targets

A number of analysts recently commented on the stock. Weiss Ratings reiterated a “buy (b)” rating on shares of Deutsche Bank Aktiengesellschaft in a report on Wednesday, October 8th. Zacks Research cut Deutsche Bank Aktiengesellschaft from a “strong-buy” rating to a “hold” rating in a report on Tuesday, December 30th. Jefferies Financial Group initiated coverage on Deutsche Bank Aktiengesellschaft in a research note on Monday, October 20th. They set a “hold” rating for the company. Wall Street Zen upgraded Deutsche Bank Aktiengesellschaft from a “hold” rating to a “buy” rating in a report on Saturday, December 20th. Finally, Morgan Stanley reaffirmed an “overweight” rating on shares of Deutsche Bank Aktiengesellschaft in a report on Thursday, January 8th. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, Deutsche Bank Aktiengesellschaft has a consensus rating of “Hold”.

Deutsche Bank Aktiengesellschaft Stock Down 0.7%

NYSE:DB traded down $0.29 during trading hours on Thursday, hitting $38.90. 3,466,574 shares of the stock traded hands, compared to its average volume of 1,843,394. The firm has a 50 day moving average price of $37.41 and a 200 day moving average price of $35.34. The firm has a market cap of $78.07 billion, a price-to-earnings ratio of 14.35, a PEG ratio of 0.36 and a beta of 0.96. Deutsche Bank Aktiengesellschaft has a fifty-two week low of $18.56 and a fifty-two week high of $39.82. The company has a current ratio of 0.78, a quick ratio of 0.78 and a debt-to-equity ratio of 1.40.

Deutsche Bank Aktiengesellschaft (NYSE:DB) last issued its earnings results on Wednesday, October 29th. The bank reported $0.97 EPS for the quarter, topping the consensus estimate of $0.81 by $0.16. The business had revenue of $9.44 billion during the quarter, compared to analysts’ expectations of $7.75 billion. Deutsche Bank Aktiengesellschaft had a return on equity of 5.97% and a net margin of 7.99%. Equities research analysts anticipate that Deutsche Bank Aktiengesellschaft will post 2.93 earnings per share for the current year.

Hedge Funds Weigh In On Deutsche Bank Aktiengesellschaft

A number of large investors have recently made changes to their positions in DB. Amundi boosted its holdings in shares of Deutsche Bank Aktiengesellschaft by 22.0% during the third quarter. Amundi now owns 49,597,003 shares of the bank’s stock worth $1,732,919,000 after purchasing an additional 8,932,484 shares during the period. Fisher Asset Management LLC lifted its position in Deutsche Bank Aktiengesellschaft by 3.8% in the 3rd quarter. Fisher Asset Management LLC now owns 26,432,006 shares of the bank’s stock worth $935,957,000 after buying an additional 960,605 shares in the last quarter. Norges Bank acquired a new stake in shares of Deutsche Bank Aktiengesellschaft during the 2nd quarter valued at $719,395,000. DekaBank Deutsche Girozentrale boosted its stake in shares of Deutsche Bank Aktiengesellschaft by 14.0% during the 2nd quarter. DekaBank Deutsche Girozentrale now owns 18,047,605 shares of the bank’s stock valued at $530,500,000 after buying an additional 2,219,444 shares during the period. Finally, DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main grew its holdings in shares of Deutsche Bank Aktiengesellschaft by 6.4% during the 2nd quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 13,209,491 shares of the bank’s stock valued at $390,188,000 after acquiring an additional 794,674 shares in the last quarter. Institutional investors and hedge funds own 27.90% of the company’s stock.

About Deutsche Bank Aktiengesellschaft

Deutsche Bank Aktiengesellschaft is a global banking and financial services company headquartered in Frankfurt, Germany. Founded in 1870 to support German foreign trade, the firm has grown into a full-service bank offering a wide range of banking, advisory and transaction services to corporate, institutional, and private clients. Over its history the bank has expanded internationally and developed capabilities across capital markets, investment banking, retail and commercial banking, and wealth management.

The bank’s core business activities include corporate and investment banking—covering financing, advisory, sales and trading, and capital markets services—along with private & commercial banking for individual and small-to-medium enterprise clients.