Deutsche Bank AG (NYSE:DB) shares saw strong trading volume on Thursday . 12,536,200 shares traded hands during trading, an increase of 128% from the previous session’s volume of 5,492,366 shares.The stock last traded at $7.57 and had previously closed at $7.26.
Several equities research analysts have commented on the company. Zacks Investment Research lowered Deutsche Bank from a “hold” rating to a “sell” rating and set a $8.00 price target for the company. in a research note on Monday, September 9th. DZ Bank restated a “neutral” rating on shares of Deutsche Bank in a research note on Wednesday. Finally, UBS Group restated a “neutral” rating on shares of Deutsche Bank in a research note on Tuesday, October 15th. Eight analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $7.01.
The company has a quick ratio of 0.72, a current ratio of 1.14 and a debt-to-equity ratio of 2.27. The firm has a market cap of $14.90 billion, a price-to-earnings ratio of -757.00 and a beta of 1.56. The business has a 50 day moving average price of $7.45 and a 200-day moving average price of $7.45.
Deutsche Bank (NYSE:DB) last posted its earnings results on Wednesday, October 30th. The bank reported ($0.46) earnings per share (EPS) for the quarter. Deutsche Bank had a negative net margin of 11.99% and a negative return on equity of 6.33%. The company had revenue of $5.85 billion during the quarter. Research analysts anticipate that Deutsche Bank AG will post -0.21 earnings per share for the current fiscal year.
Hedge funds have recently bought and sold shares of the company. Tower Research Capital LLC TRC grew its stake in shares of Deutsche Bank by 798.4% in the third quarter. Tower Research Capital LLC TRC now owns 3,899 shares of the bank’s stock valued at $29,000 after buying an additional 3,465 shares in the last quarter. UBS Asset Management Americas Inc. boosted its holdings in Deutsche Bank by 2,423.4% in the second quarter. UBS Asset Management Americas Inc. now owns 4,845 shares of the bank’s stock valued at $37,000 after purchasing an additional 4,653 shares during the last quarter. Parallel Advisors LLC boosted its holdings in Deutsche Bank by 208.2% in the third quarter. Parallel Advisors LLC now owns 5,024 shares of the bank’s stock valued at $38,000 after purchasing an additional 3,394 shares during the last quarter. Stonebridge Capital Advisors LLC purchased a new position in Deutsche Bank in the second quarter valued at about $43,000. Finally, Lindbrook Capital LLC boosted its holdings in Deutsche Bank by 119.3% in the third quarter. Lindbrook Capital LLC now owns 6,433 shares of the bank’s stock valued at $48,000 after purchasing an additional 3,499 shares during the last quarter. Institutional investors and hedge funds own 21.75% of the company’s stock.
Deutsche Bank Company Profile (NYSE:DB)
Deutsche Bank Aktiengesellschaft provides investment, financial, and related products and services to private individuals, corporate entities, and institutional clients worldwide. It operates through three segments: Corporate & Investment Bank (CIB), Private & Commercial Bank (PCB), and Deutsche Asset Management.
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