Deutsche Bank Aktiengesellschaft (NYSE:DB) Shares Gap Down - Should You Sell?

Key Points

• Deutsche Bank shares fell sharply, opening at $33.25 versus a prior close of $35.13, and last traded near $33.38.
• Analyst sentiment remains moderately positive: five analysts rate the stock Buy and five Hold, producing a consensus “Moderate Buy” rating and an average price target of $43.00.
• The bank’s latest quarterly earnings missed expectations, with EPS of $0.66 versus a $0.91 estimate, although revenue of $9.68 billion exceeded forecasts. Institutional investors owned 27.9% of the stock.

Shares of Deutsche Bank Aktiengesellschaft (NYSE:DB - Get Free Report) gapped down prior to trading on Wednesday. The stock had previously closed at $35.13, but opened at $33.25. Deutsche Bank Aktiengesellschaft shares last traded at $33.3810, with a volume of 516,147 shares changing hands.

Analyst Ratings Changes

A number of research firms have recently issued reports on DB. Morgan Stanley restated an "overweight" rating on shares of Deutsche Bank Aktiengesellschaft in a research note on Wednesday, September 2nd. Citigroup reissued a "neutral" rating on shares of Deutsche Bank Aktiengesellschaft in a report on Monday, July 20th. Royal Bank Of Canada restated an "outperform" rating on shares of Deutsche Bank Aktiengesellschaft in a research report on Thursday, July 30th. The Goldman Sachs Group upgraded Deutsche Bank Aktiengesellschaft from a "neutral" rating to a "buy" rating in a report on Tuesday, September 1st. Finally, Zacks Research upgraded Deutsche Bank Aktiengesellschaft from a "strong sell" rating to a "hold" rating in a research note on Thursday, August 27th. Five analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $43.00.

Deutsche Bank Aktiengesellschaft Price Performance

The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 1.35. The company's 50 day moving average is $38.19 and its 200 day moving average is $34.69. The firm has a market capitalization of $64.96 billion, a price-to-earnings ratio of 8.92, a P/E/G ratio of 0.48 and a beta of 1.00.

Deutsche Bank Aktiengesellschaft (NYSE:DB - Get Free Report) last issued its quarterly earnings data on Thursday, July 30th. The bank reported $0.66 earnings per share for the quarter, missing the consensus estimate of $0.91 by ($0.25). The business had revenue of $9.68 billion during the quarter, compared to analyst estimates of $9.30 billion. Deutsche Bank Aktiengesellschaft had a return on equity of 8.46% and a net margin of 11.53%. On average, equities research analysts anticipate that Deutsche Bank Aktiengesellschaft will post 3.93 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Deutsche Bank Aktiengesellschaft

Institutional investors have recently made changes to their positions in the stock. Lazard Asset Management LLC boosted its position in shares of Deutsche Bank Aktiengesellschaft by 23.6% during the 1st quarter. Lazard Asset Management LLC now owns 2,148,045 shares of the bank's stock worth $62,346,000 after acquiring an additional 410,173 shares in the last quarter. Commerzbank Aktiengesellschaft FI raised its position in Deutsche Bank Aktiengesellschaft by 43.6% during the first quarter. Commerzbank Aktiengesellschaft FI now owns 4,678,583 shares of the bank's stock valued at $139,328,000 after purchasing an additional 1,419,788 shares in the last quarter. SEB Asset Management AB acquired a new position in Deutsche Bank Aktiengesellschaft during the first quarter valued at approximately $52,931,000. Plato Investment Management Ltd bought a new stake in Deutsche Bank Aktiengesellschaft during the second quarter worth $1,244,000. Finally, Public Employees Retirement System of Ohio acquired a new stake in shares of Deutsche Bank Aktiengesellschaft in the 2nd quarter valued at $34,608,000. 27.90% of the stock is currently owned by institutional investors.

About Deutsche Bank Aktiengesellschaft

Deutsche Bank Aktiengesellschaft is a Germany-based global financial services company headquartered in Frankfurt. Founded in 1870, the bank serves corporations, institutions, governments, entrepreneurs and private clients through a broad range of banking and financial services.

Its principal business areas include Corporate Bank, Investment Bank, Private Bank and Asset Management. Services include transaction banking, lending, cash management, trade finance, investment banking, securities trading, wealth management, retail banking and asset management.

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