Deutsche Bank Aktiengesellschaft (NYSE:DB) Shares Gap Up - What's Next?

Deutsche Bank Aktiengesellschaft (NYSE:DB - Get Free Report)'s share price gapped up prior to trading on Thursday . The stock had previously closed at $31.28, but opened at $33.76. Deutsche Bank Aktiengesellschaft shares last traded at $33.86, with a volume of 3,019,477 shares.

Analyst Upgrades and Downgrades

Several analysts recently commented on DB shares. Cfra Research raised Deutsche Bank Aktiengesellschaft from a "moderate sell" rating to a "hold" rating in a report on Wednesday, April 30th. Bank of America assumed coverage on Deutsche Bank Aktiengesellschaft in a report on Tuesday, June 10th. They set a "buy" rating for the company. Two 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. According to MarketBeat, Deutsche Bank Aktiengesellschaft has a consensus rating of "Moderate Buy".

Deutsche Bank Aktiengesellschaft Stock Up 7.9%

The company has a 50-day moving average price of $28.64 and a 200 day moving average price of $24.40. The firm has a market capitalization of $67.21 billion, a PE ratio of 20.08, a P/E/G ratio of 0.39 and a beta of 0.97. 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 posted its earnings results on Thursday, July 24th. The bank reported $0.54 EPS for the quarter, missing analysts' consensus estimates of $0.83 by ($0.29). Deutsche Bank Aktiengesellschaft had a return on equity of 4.61% and a net margin of 5.76%. Analysts forecast 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 hedge funds and other institutional investors have recently added to or reduced their stakes in DB. Contravisory Investment Management Inc. raised its position in Deutsche Bank Aktiengesellschaft by 2.9% during the second quarter. Contravisory Investment Management Inc. now owns 12,223 shares of the bank's stock valued at $358,000 after purchasing an additional 346 shares during the period. MassMutual Private Wealth & Trust FSB lifted its stake in shares of Deutsche Bank Aktiengesellschaft by 21.3% in the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 2,412 shares of the bank's stock valued at $57,000 after purchasing an additional 424 shares during the last quarter. Dorsey & Whitney Trust CO LLC lifted its stake in shares of Deutsche Bank Aktiengesellschaft by 2.2% in the 1st quarter. Dorsey & Whitney Trust CO LLC now owns 21,914 shares of the bank's stock valued at $522,000 after purchasing an additional 477 shares during the last quarter. Venturi Wealth Management LLC lifted its stake in shares of Deutsche Bank Aktiengesellschaft by 1.2% in the 2nd quarter. Venturi Wealth Management LLC now owns 42,469 shares of the bank's stock valued at $1,244,000 after purchasing an additional 509 shares during the last quarter. Finally, Ballentine Partners LLC lifted its stake in shares of Deutsche Bank Aktiengesellschaft by 4.1% in the 1st quarter. Ballentine Partners LLC now owns 17,356 shares of the bank's stock valued at $414,000 after purchasing an additional 680 shares during the last quarter. 27.90% of the stock is owned by institutional investors.

About Deutsche Bank Aktiengesellschaft

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.

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