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

Deutsche Bank Aktiengesellschaft (NYSE:DB)’s stock price 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 trading hands.

Analyst Ratings Changes

DB has been the subject of several analyst reports. The Goldman Sachs Group upgraded shares of Deutsche Bank Aktiengesellschaft to a “strong-buy” rating in a research note on Thursday, January 30th. Morgan Stanley reiterated an “overweight” rating on shares of Deutsche Bank Aktiengesellschaft in a research note on Monday, February 3rd. StockNews.com upgraded shares of Deutsche Bank Aktiengesellschaft from a “hold” rating to a “buy” rating in a research note on Wednesday, February 5th. Barclays restated an “overweight” rating on shares of Deutsche Bank Aktiengesellschaft in a research note on Monday, February 3rd. Finally, Citigroup restated a “neutral” rating on shares of Deutsche Bank Aktiengesellschaft in a research note on Monday, February 3rd. Two research analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Deutsche Bank Aktiengesellschaft has a consensus rating of “Moderate Buy”.

Deutsche Bank Aktiengesellschaft Stock Performance

The company’s fifty day moving average is $18.64 and its 200 day moving average is $17.40. The company has a current ratio of 0.74, a quick ratio of 0.78 and a debt-to-equity ratio of 1.45. The company has a market capitalization of $41.27 billion, a P/E ratio of 14.90 and a beta of 1.22.

Deutsche Bank Aktiengesellschaft (NYSE:DB) last announced its quarterly earnings results on Thursday, January 30th. The bank reported $0.16 EPS for the quarter, missing the consensus estimate of $0.43 by ($0.27). Deutsche Bank Aktiengesellschaft had a net margin of 4.66% and a return on equity of 3.90%. As a group, equities analysts anticipate that Deutsche Bank Aktiengesellschaft will post 2.93 earnings per share for the current year.

Deutsche Bank Aktiengesellschaft Increases Dividend

The business also recently disclosed an annual dividend, which will be paid on Tuesday, May 27th. Stockholders of record on Monday, May 26th will be given a dividend of $0.5122 per share. The ex-dividend date of this dividend is Friday, May 23rd. This represents a dividend yield of 1.7%. This is a boost from Deutsche Bank Aktiengesellschaft’s previous annual dividend of $0.33. Deutsche Bank Aktiengesellschaft’s dividend payout ratio (DPR) is 51.08%.

Hedge Funds Weigh In On Deutsche Bank Aktiengesellschaft

Large investors have recently added to or reduced their stakes in the business. Versant Capital Management Inc purchased a new position in Deutsche Bank Aktiengesellschaft in the 4th quarter worth $26,000. Wilmington Savings Fund Society FSB purchased a new position in Deutsche Bank Aktiengesellschaft in the 3rd quarter worth $43,000. Jones Financial Companies Lllp raised its position in Deutsche Bank Aktiengesellschaft by 1,270.5% in the 4th quarter. Jones Financial Companies Lllp now owns 4,043 shares of the bank’s stock worth $69,000 after purchasing an additional 3,748 shares during the period. Activest Wealth Management purchased a new position in Deutsche Bank Aktiengesellschaft in the 4th quarter worth $86,000. Finally, Smartleaf Asset Management LLC raised its position in Deutsche Bank Aktiengesellschaft by 218.4% in the 4th quarter. Smartleaf Asset Management LLC now owns 7,278 shares of the bank’s stock worth $125,000 after purchasing an additional 4,992 shares during the period. Hedge funds and other institutional investors own 27.90% of the company’s stock.

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.