Deutsche Bank Aktiengesellschaft (NYSE:DB) Share Price Breaks Above 200 Day Moving Average – Here’s What Happened

Deutsche Bank Aktiengesellschaft (NYSE:DB)’s stock price crossed above its 200-day moving average during trading on Tuesday. The stock has a 200-day moving average of $34.69 and traded as high as $35.45. Deutsche Bank Aktiengesellschaft shares last traded at $35.1460, with a volume of 1,519,601 shares changing hands.

Analyst Ratings Changes

DB has been the topic of several recent analyst reports. Morgan Stanley reaffirmed an “overweight” rating on shares of Deutsche Bank Aktiengesellschaft in a research report on Wednesday, September 2nd. Bank of America set a $43.00 price objective on shares of Deutsche Bank Aktiengesellschaft in a research note on Tuesday, July 7th. Citigroup reaffirmed a “neutral” rating on shares of Deutsche Bank Aktiengesellschaft in a research report on Monday, July 20th. Keefe, Bruyette & Woods upgraded shares of Deutsche Bank Aktiengesellschaft from a “moderate sell” rating to a “hold” rating in a research note on Thursday, July 9th. Finally, Zacks Research upgraded shares of Deutsche Bank Aktiengesellschaft from a “strong sell” rating to a “hold” rating in a research report on Thursday, August 27th. Five analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat.com, Deutsche Bank Aktiengesellschaft has an average rating of “Moderate Buy” and a consensus target price of $43.00.

Deutsche Bank Aktiengesellschaft Stock Up 0.3%

The firm has a market capitalization of $65.29 billion, a price-to-earnings ratio of 8.97, a price-to-earnings-growth ratio of 0.48 and a beta of 1.00. The business has a 50 day moving average of $38.16 and a 200 day moving average of $34.72. The company has a debt-to-equity ratio of 1.35, a current ratio of 0.72 and a quick ratio of 0.72.

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

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Amundi grew its stake in shares of Deutsche Bank Aktiengesellschaft by 11.4% in the 1st quarter. Amundi now owns 60,059,707 shares of the bank’s stock valued at $1,788,578,000 after purchasing an additional 6,139,611 shares during the period. Bank of America Corp DE lifted its position in shares of Deutsche Bank Aktiengesellschaft by 83.1% during the 1st quarter. Bank of America Corp DE now owns 21,420,171 shares of the bank’s stock worth $637,893,000 after buying an additional 9,719,181 shares during the period. DekaBank Deutsche Girozentrale boosted its stake in Deutsche Bank Aktiengesellschaft by 5.4% in the 1st quarter. DekaBank Deutsche Girozentrale now owns 18,743,906 shares of the bank’s stock valued at $600,821,000 after buying an additional 957,307 shares in the last quarter. Artemis Investment Management LLP grew its position in Deutsche Bank Aktiengesellschaft by 242.2% in the third quarter. Artemis Investment Management LLP now owns 4,997,095 shares of the bank’s stock valued at $180,435,000 after acquiring an additional 3,536,604 shares during the period. Finally, Commerzbank Aktiengesellschaft FI raised its stake in Deutsche Bank Aktiengesellschaft by 43.6% during the first quarter. Commerzbank Aktiengesellschaft FI now owns 4,678,583 shares of the bank’s stock worth $139,328,000 after acquiring an additional 1,419,788 shares in the last quarter. Institutional investors and hedge funds own 27.90% of the company’s stock.

About Deutsche Bank Aktiengesellschaft

Deutsche Bank Aktiengesellschaft is a Germany-based global financial services company headquartered in Frankfurt. Founded in 1870, the bank serves corporations, institutions, governments, entrepreneurs and private clients through a broad range of banking and financial services.

Its principal business areas include Corporate Bank, Investment Bank, Private Bank and Asset Management. Services include transaction banking, lending, cash management, trade finance, investment banking, securities trading, wealth management, retail banking and asset management.