Deutsche Bank Aktiengesellschaft (NYSE:DB) Sees Strong Trading Volume

Deutsche Bank Aktiengesellschaft (NYSE:DB) shares saw strong trading volume on Friday . 2,239,912 shares were traded during trading, a decline of 34% from the previous session’s volume of 3,400,049 shares.The stock last traded at $15.95 and had previously closed at $15.80.

Analyst Ratings Changes

A number of research firms recently commented on DB. Citigroup lowered shares of Deutsche Bank Aktiengesellschaft from a “buy” rating to a “neutral” rating in a research note on Wednesday, January 31st. Erste Group Bank raised Deutsche Bank Aktiengesellschaft from a “sell” rating to a “hold” rating in a research report on Wednesday, March 13th. Morgan Stanley raised Deutsche Bank Aktiengesellschaft from an “equal weight” rating to an “overweight” rating in a research report on Wednesday, March 27th. Finally, StockNews.com upgraded Deutsche Bank Aktiengesellschaft from a “hold” rating to a “buy” rating in a research report on Monday, March 18th. Four research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Deutsche Bank Aktiengesellschaft presently has an average rating of “Hold”.

Deutsche Bank Aktiengesellschaft Trading Up 0.7 %

The business’s 50-day simple moving average is $14.59 and its 200-day simple moving average is $13.10. The company has a market cap of $32.88 billion, a PE ratio of 7.26, a P/E/G ratio of 0.89 and a beta of 1.32. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 1.56.

Deutsche Bank Aktiengesellschaft (NYSE:DB) last announced its quarterly earnings data on Friday, February 2nd. The bank reported $0.72 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.37 by $0.35. The business had revenue of $5.81 billion during the quarter, compared to analyst estimates of $7.46 billion. Deutsche Bank Aktiengesellschaft had a return on equity of 5.37% and a net margin of 6.86%. As a group, analysts expect that Deutsche Bank Aktiengesellschaft will post 2.22 EPS for the current fiscal year.

Institutional Investors Weigh In On Deutsche Bank Aktiengesellschaft

A number of large investors have recently bought and sold shares of the business. Deutsche Bank AG boosted its position in Deutsche Bank Aktiengesellschaft by 64.0% during the third quarter. Deutsche Bank AG now owns 53,995,538 shares of the bank’s stock worth $593,411,000 after purchasing an additional 21,080,301 shares during the period. American Century Companies Inc. boosted its holdings in shares of Deutsche Bank Aktiengesellschaft by 5.6% during the 3rd quarter. American Century Companies Inc. now owns 676,884 shares of the bank’s stock worth $7,439,000 after buying an additional 36,012 shares during the period. Canada Pension Plan Investment Board grew its stake in Deutsche Bank Aktiengesellschaft by 23.0% in the 3rd quarter. Canada Pension Plan Investment Board now owns 3,530,094 shares of the bank’s stock valued at $39,057,000 after buying an additional 661,034 shares during the last quarter. Toronto Dominion Bank bought a new position in Deutsche Bank Aktiengesellschaft in the 3rd quarter worth $10,511,000. Finally, Wellington Management Group LLP lifted its position in Deutsche Bank Aktiengesellschaft by 55.3% during the 3rd quarter. Wellington Management Group LLP now owns 428,016 shares of the bank’s stock worth $4,736,000 after acquiring an additional 152,446 shares during the last quarter. 27.90% of the stock is currently 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.