Deutsche Bank AG (NYSE:DB) shares gapped down before the market opened on Wednesday . The stock had previously closed at $9.24, but opened at $9.05. Deutsche Bank shares last traded at $8.78, with a volume of 7836339 shares trading hands.
A number of research firms have recently commented on DB. Morgan Stanley reaffirmed a “sell” rating on shares of Deutsche Bank in a research note on Tuesday, November 27th. Goldman Sachs Group reaffirmed a “hold” rating on shares of Deutsche Bank in a research note on Tuesday, November 20th. Zacks Investment Research downgraded shares of Deutsche Bank from a “hold” rating to a “sell” rating in a research note on Tuesday, November 27th. equinet reaffirmed a “hold” rating on shares of Deutsche Bank in a research note on Thursday, November 22nd. Finally, DZ Bank reaffirmed a “neutral” rating on shares of Deutsche Bank in a research note on Tuesday. Nine research analysts have rated the stock with a sell rating and ten have assigned a hold rating to the stock. Deutsche Bank currently has an average rating of “Hold” and a consensus target price of $11.00.
The stock has a market capitalization of $19.14 billion, a PE ratio of -14.63 and a beta of 1.37. The company has a debt-to-equity ratio of 2.28, a quick ratio of 0.77 and a current ratio of 0.77.
A number of institutional investors and hedge funds have recently bought and sold shares of DB. Lindbrook Capital LLC acquired a new stake in Deutsche Bank during the 4th quarter worth approximately $41,000. Performa Ltd US LLC purchased a new position in Deutsche Bank in the 4th quarter worth approximately $65,000. Cerity Partners LLC boosted its holdings in Deutsche Bank by 13.4% in the 4th quarter. Cerity Partners LLC now owns 11,513 shares of the bank’s stock worth $94,000 after acquiring an additional 1,361 shares during the period. HPM Partners LLC purchased a new position in Deutsche Bank in the 3rd quarter worth approximately $115,000. Finally, Advisor Group Inc. boosted its holdings in Deutsche Bank by 19.2% in the 4th quarter. Advisor Group Inc. now owns 14,271 shares of the bank’s stock worth $116,000 after acquiring an additional 2,294 shares during the period. 22.00% of the stock is owned by hedge funds and other institutional investors.
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About Deutsche Bank (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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