Deutsche Bank Aktiengesellschaft (NYSE:DB) Shares Gap Down - Here's What Happened

Shares of Deutsche Bank Aktiengesellschaft (NYSE:DB - Get Free Report) gapped down prior to trading on Monday . The stock had previously closed at $30.40, but opened at $29.21. Deutsche Bank Aktiengesellschaft shares last traded at $29.27, with a volume of 595,911 shares traded.

Analysts Set New Price Targets

Several equities analysts recently weighed in on DB shares. Cfra Research raised shares of Deutsche Bank Aktiengesellschaft from a "moderate sell" rating to a "hold" rating in a research note on Wednesday, April 30th. Morgan Stanley reissued an "overweight" rating on shares of Deutsche Bank Aktiengesellschaft in a report on Friday, March 7th. Royal Bank Of Canada reaffirmed an "outperform" rating on shares of Deutsche Bank Aktiengesellschaft in a report on Monday, March 24th. Finally, Bank of America started coverage on Deutsche Bank Aktiengesellschaft in a research note on Tuesday, June 10th. They set a "buy" rating for the company. Two research analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy".

Deutsche Bank Aktiengesellschaft Stock Down 2.0%

The firm has a market cap of $57.17 billion, a P/E ratio of 17.08, a price-to-earnings-growth ratio of 0.37 and a beta of 0.97. The company's 50-day simple moving average is $27.66 and its 200 day simple moving average is $23.09. The company has a debt-to-equity ratio of 1.39, a current ratio of 0.79 and a quick ratio of 0.79.

Deutsche Bank Aktiengesellschaft (NYSE:DB - Get Free Report) last announced its earnings results on Tuesday, April 29th. The bank reported $1.04 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.85 by $0.19. The firm had revenue of $8.97 billion for the quarter, compared to analysts' expectations of $7.95 billion. Deutsche Bank Aktiengesellschaft had a net margin of 5.76% and a return on equity of 4.61%. Research analysts anticipate that Deutsche Bank Aktiengesellschaft will post 2.93 EPS for the current fiscal year.

Institutional Investors Weigh In On Deutsche Bank Aktiengesellschaft

Institutional investors have recently modified their holdings of the stock. Zions Bancorporation National Association UT purchased a new position in shares of Deutsche Bank Aktiengesellschaft during the 1st quarter worth about $39,000. Farther Finance Advisors LLC lifted its stake in Deutsche Bank Aktiengesellschaft by 96.5% in the first quarter. Farther Finance Advisors LLC now owns 1,629 shares of the bank's stock worth $39,000 after purchasing an additional 800 shares during the last quarter. MassMutual Private Wealth & Trust FSB boosted its position in shares of Deutsche Bank Aktiengesellschaft by 21.3% during the first quarter. MassMutual Private Wealth & Trust FSB now owns 2,412 shares of the bank's stock valued at $57,000 after buying an additional 424 shares during the period. Jones Financial Companies Lllp grew its stake in shares of Deutsche Bank Aktiengesellschaft by 1,270.5% during the fourth quarter. Jones Financial Companies Lllp now owns 4,043 shares of the bank's stock valued at $69,000 after buying an additional 3,748 shares during the last quarter. Finally, Kayne Anderson Rudnick Investment Management LLC lifted its stake in shares of Deutsche Bank Aktiengesellschaft by 28,293.3% during the 1st quarter. Kayne Anderson Rudnick Investment Management LLC now owns 4,259 shares of the bank's stock worth $101,000 after acquiring an additional 4,244 shares during the last quarter. 27.90% of the stock is owned by institutional investors.

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.