Shares of Deutsche Bank AG (NYSE:DB) dropped 1.9% on Friday . The stock traded as low as $6.74 and last traded at $6.74. Approximately 77,490 shares traded hands during trading, a decline of 98% from the average daily volume of 4,919,397 shares. The stock had previously closed at $6.87.
Several analysts recently weighed in on the company. DZ Bank restated a “neutral” rating on shares of Deutsche Bank in a report on Wednesday, March 13th. HSBC restated a “hold” rating on shares of Deutsche Bank in a research note on Tuesday, March 19th. Royal Bank of Canada restated a “sell” rating on shares of Deutsche Bank in a research note on Friday, March 22nd. Barclays reaffirmed a “sell” rating on shares of Deutsche Bank in a report on Monday, March 25th. Finally, UBS Group reaffirmed a “hold” rating on shares of Deutsche Bank in a report on Thursday, April 4th. Nine investment analysts have rated the stock with a sell rating and ten have issued a hold rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $7.55.
The company has a market cap of $13.94 billion, a price-to-earnings ratio of -678.00 and a beta of 1.43. The company has a debt-to-equity ratio of 2.27, a current ratio of 0.80 and a quick ratio of 0.80.
Deutsche Bank (NYSE:DB) last issued its quarterly earnings data on Friday, April 26th. The bank reported $0.09 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.07 by $0.02. The firm had revenue of $7.21 billion during the quarter. Deutsche Bank had a return on equity of 0.49% and a net margin of 0.92%. On average, analysts expect that Deutsche Bank AG will post 0.59 EPS for the current year.
Large investors have recently made changes to their positions in the company. Cerity Partners LLC lifted its stake in shares of Deutsche Bank by 13.4% in the fourth quarter. Cerity Partners LLC now owns 11,513 shares of the bank’s stock worth $94,000 after acquiring an additional 1,361 shares in the last quarter. Creative Planning grew its holdings in Deutsche Bank by 8.7% in the 1st quarter. Creative Planning now owns 17,964 shares of the bank’s stock worth $146,000 after buying an additional 1,437 shares in the last quarter. Advisor Group Inc. grew 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 buying an additional 2,294 shares in the last quarter. Rockefeller Capital Management L.P. acquired a new stake in Deutsche Bank in the first quarter worth approximately $32,000. Finally, Flinton Capital Management LLC lifted its position in Deutsche Bank by 42.5% in the fourth quarter. Flinton Capital Management LLC now owns 15,764 shares of the bank’s stock worth $126,000 after purchasing an additional 4,704 shares during the period. 19.34% of the stock is owned by institutional investors and hedge funds.
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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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