Deutsche Bank Aktiengesellschaft (NYSE:DB) Stock Breaks Below 50 Day Moving Average – Here’s Why

Deutsche Bank Aktiengesellschaft (NYSE:DB)’s stock price passed below its fifty day moving average during trading on Friday. The stock has a fifty day moving average of $35.96 and traded as low as $34.83. Deutsche Bank Aktiengesellschaft shares last traded at $34.8880, with a volume of 3,874,453 shares changing hands.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the company. Weiss Ratings restated a “buy (b)” rating on shares of Deutsche Bank Aktiengesellschaft in a research report on Tuesday, October 27th. UBS Group reiterated a “buy” rating on shares of Deutsche Bank Aktiengesellschaft in a research report on Thursday, July 30th. Warburg Research reissued a “buy” rating on shares of Deutsche Bank Aktiengesellschaft in a research note on Wednesday, October 7th. Citigroup restated a “neutral” rating on shares of Deutsche Bank Aktiengesellschaft in a report on Monday, July 20th. Finally, The Goldman Sachs Group raised shares of Deutsche Bank Aktiengesellschaft from a “neutral” rating to a “buy” rating in a research note on Tuesday, September 1st. One analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, Deutsche Bank Aktiengesellschaft currently has an average rating of “Moderate Buy” and a consensus target price of $43.00.

Deutsche Bank Aktiengesellschaft Price Performance

The stock’s 50 day simple moving average is $35.96 and its 200 day simple moving average is $34.69. The company has a debt-to-equity ratio of 1.35, a quick ratio of 0.72 and a current ratio of 0.72. The firm has a market capitalization of $67.68 billion, a P/E ratio of 9.04, a P/E/G ratio of 0.53 and a beta of 1.05.

Deutsche Bank Aktiengesellschaft (NYSE:DB) last announced its quarterly earnings data on Wednesday, October 28th. The bank reported $1.06 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.91 by $0.15. The company had revenue of $9.44 billion for the quarter, compared to analysts’ expectations of $9.32 billion. Deutsche Bank Aktiengesellschaft had a return on equity of 8.63% and a net margin of 11.59%. As a group, analysts expect that Deutsche Bank Aktiengesellschaft will post 3.80 earnings per share for the current fiscal year.

Institutional Trading of Deutsche Bank Aktiengesellschaft

Several institutional investors and hedge funds have recently made changes to their positions in the company. Bank of America Corp DE increased its position in 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 valued at $637,893,000 after buying an additional 9,719,181 shares in the last quarter. Ninety One UK Ltd purchased a new stake in Deutsche Bank Aktiengesellschaft in the third quarter valued at about $222,362,000. Amundi boosted its holdings in Deutsche Bank Aktiengesellschaft by 11.4% in the first quarter. Amundi now owns 60,059,707 shares of the bank’s stock worth $1,788,578,000 after acquiring an additional 6,139,611 shares in the last quarter. Artemis Investment Management LLP boosted its holdings 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 worth $180,435,000 after acquiring an additional 3,536,604 shares in the last quarter. Finally, SEB Asset Management AB purchased a new stake in shares of Deutsche Bank Aktiengesellschaft during the first quarter worth about $52,931,000. 27.90% of the stock is currently owned by institutional investors.

About Deutsche Bank Aktiengesellschaft

Deutsche Bank Aktiengesellschaft is a global financial services company headquartered in Frankfurt, Germany. Founded in Berlin in 1870 to support German and international trade, it has grown into one of Germany’s largest banking groups.

The bank serves businesses, governments, institutional investors and individuals in Germany and other markets around the world. Its Corporate Bank provides services such as cash management, payments, trade finance and lending, while its Investment Bank offers capital-markets, advisory, financing and trading services.

Deutsche Bank also provides private banking and wealth management services to individuals and entrepreneurs, as well as asset management through its majority-owned subsidiary DWS Group.