Deutsche Bank Aktiengesellschaft (NYSE:DB) Shares Gap Up – Here’s What Happened

Deutsche Bank Aktiengesellschaft (NYSE:DB) gapped up prior to trading on Monday . The stock had previously closed at $20.30, but opened at $20.92. Deutsche Bank Aktiengesellschaft shares last traded at $20.53, with a volume of 522,659 shares changing hands.

Analyst Ratings Changes

Several equities research analysts have weighed in on the company. Citigroup reaffirmed a “neutral” rating on shares of Deutsche Bank Aktiengesellschaft in a research report on Monday, February 3rd. Barclays reaffirmed an “overweight” rating on shares of Deutsche Bank Aktiengesellschaft in a report on Monday, February 3rd. Morgan Stanley restated an “overweight” rating on shares of Deutsche Bank Aktiengesellschaft in a research report on Monday, February 3rd. StockNews.com raised Deutsche Bank Aktiengesellschaft from a “hold” rating to a “buy” rating in a report on Wednesday, February 5th. Finally, The Goldman Sachs Group raised shares of Deutsche Bank Aktiengesellschaft to a “strong-buy” rating in a research note on Thursday, January 30th. Two investment analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy”.

Deutsche Bank Aktiengesellschaft Price Performance

The firm has a market capitalization of $43.07 billion, a price-to-earnings ratio of 15.56 and a beta of 1.22. The stock’s 50-day moving average price is $18.77 and its 200 day moving average price is $17.50. The company has a quick ratio of 0.78, a current ratio of 0.74 and a debt-to-equity ratio of 1.45.

Deutsche Bank Aktiengesellschaft (NYSE:DB) last released its earnings results on Thursday, January 30th. The bank reported $0.16 earnings per share for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.27). Deutsche Bank Aktiengesellschaft had a return on equity of 3.90% and a net margin of 4.66%. Equities research analysts expect that Deutsche Bank Aktiengesellschaft will post 2.93 earnings per share for the current fiscal year.

Deutsche Bank Aktiengesellschaft Increases Dividend

The company also recently disclosed an annual dividend, which will be paid on Tuesday, May 27th. Investors of record on Monday, May 26th will be given a dividend of $0.5122 per share. This is a boost from Deutsche Bank Aktiengesellschaft’s previous annual dividend of $0.33. This represents a yield of 1.7%. The ex-dividend date is Friday, May 23rd. Deutsche Bank Aktiengesellschaft’s dividend payout ratio (DPR) is presently 15.18%.

Hedge Funds Weigh In On Deutsche Bank Aktiengesellschaft

Several institutional investors and hedge funds have recently bought and sold shares of DB. Raymond James & Associates grew its position in Deutsche Bank Aktiengesellschaft by 30.4% in the third quarter. Raymond James & Associates now owns 336,986 shares of the bank’s stock worth $5,833,000 after acquiring an additional 78,517 shares during the period. Allworth Financial LP increased its position in shares of Deutsche Bank Aktiengesellschaft by 3,738.1% during the 3rd quarter. Allworth Financial LP now owns 8,252 shares of the bank’s stock worth $143,000 after purchasing an additional 8,037 shares during the last quarter. US Bancorp DE raised its holdings in Deutsche Bank Aktiengesellschaft by 3.5% in the 3rd quarter. US Bancorp DE now owns 46,587 shares of the bank’s stock valued at $806,000 after buying an additional 1,590 shares during the period. QRG Capital Management Inc. lifted its position in Deutsche Bank Aktiengesellschaft by 8.0% in the third quarter. QRG Capital Management Inc. now owns 366,755 shares of the bank’s stock valued at $6,349,000 after buying an additional 27,144 shares during the last quarter. Finally, M&G PLC acquired a new stake in shares of Deutsche Bank Aktiengesellschaft during the third quarter valued at about $10,354,000. 27.90% of the stock is currently owned by institutional investors and hedge funds.

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.