Deutsche Bank Aktiengesellschaft (NYSE:DB) Stock Breaks Above 200-Day Moving Average – Here’s Why

Shares of Deutsche Bank Aktiengesellschaft (NYSE:DB) crossed above its 200-day moving average during trading on Tuesday. The stock has a 200-day moving average of $34.34 and traded as high as $38.31. Deutsche Bank Aktiengesellschaft shares last traded at $37.57, with a volume of 1,908,775 shares.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on DB. Royal Bank Of Canada restated an “outperform” rating on shares of Deutsche Bank Aktiengesellschaft in a research report on Thursday, July 30th. Weiss Ratings upgraded shares of Deutsche Bank Aktiengesellschaft from a “buy (b-)” rating to a “buy (b)” rating in a report on Wednesday, July 29th. Citigroup restated a “neutral” rating on shares of Deutsche Bank Aktiengesellschaft in a research report on Monday, July 20th. The Goldman Sachs Group upgraded shares of Deutsche Bank Aktiengesellschaft from a “neutral” rating to a “buy” rating in a research report on Tuesday, September 1st. Finally, Morgan Stanley restated an “overweight” rating on shares of Deutsche Bank Aktiengesellschaft in a research report on Wednesday, September 2nd. Five analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $43.00.

Deutsche Bank Aktiengesellschaft Stock Down 0.7%

The firm’s 50 day moving average is $38.12 and its 200-day moving average is $34.36. The firm has a market cap of $69.07 billion, a PE ratio of 9.49, a P/E/G ratio of 0.52 and a beta of 0.96. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 1.35.

Deutsche Bank Aktiengesellschaft (NYSE:DB) last issued its quarterly earnings results on Thursday, July 30th. The bank reported $0.66 earnings per share for the quarter, missing the consensus estimate of $0.91 by ($0.25). Deutsche Bank Aktiengesellschaft had a net margin of 11.53% and a return on equity of 8.46%. The business had revenue of $9.68 billion during the quarter, compared to analyst estimates of $9.30 billion. As a group, equities research analysts expect that Deutsche Bank Aktiengesellschaft will post 3.93 earnings per share for the current fiscal year.

Institutional Trading of Deutsche Bank Aktiengesellschaft

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. GAMMA Investing LLC boosted its position in shares of Deutsche Bank Aktiengesellschaft by 51.6% in the second quarter. GAMMA Investing LLC now owns 814 shares of the bank’s stock worth $27,000 after acquiring an additional 277 shares during the last quarter. GHP Investment Advisors Inc. acquired a new position in shares of Deutsche Bank Aktiengesellschaft in the 1st quarter valued at $64,000. Caitong International Asset Management Co. Ltd grew its stake in shares of Deutsche Bank Aktiengesellschaft by 22,576.9% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 2,948 shares of the bank’s stock valued at $114,000 after buying an additional 2,935 shares during the period. Integrated Wealth Concepts LLC acquired a new stake in shares of Deutsche Bank Aktiengesellschaft during the 2nd quarter worth $164,000. Finally, Verus Capital Partners LLC purchased a new position in shares of Deutsche Bank Aktiengesellschaft in the 4th quarter worth $214,000. Hedge funds and other institutional investors own 27.90% of the company’s stock.

Deutsche Bank Aktiengesellschaft Company Profile

Deutsche Bank Aktiengesellschaft is a Germany-based global financial services company headquartered in Frankfurt. Founded in 1870 in Berlin, the bank provides banking and investment services to corporations, institutions, governments, small and medium-sized businesses, and private clients across Europe and other international markets.

The company’s principal businesses include Corporate Bank, Investment Bank, Private Bank and Asset Management. Its services include transaction banking, cash management, trade finance, lending, investment banking, securities sales and trading, foreign exchange, research, wealth management, retail banking and private banking.