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

Deutsche Bank Aktiengesellschaft (NYSE:DB)’s share price gapped up prior to trading on Wednesday . The stock had previously closed at $20.99, but opened at $22.91. Deutsche Bank Aktiengesellschaft shares last traded at $23.21, with a volume of 1,869,876 shares trading hands.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the stock. Barclays reaffirmed an “overweight” rating on shares of Deutsche Bank Aktiengesellschaft in a research report on Monday, February 3rd. Citigroup restated a “neutral” rating on shares of Deutsche Bank Aktiengesellschaft in a research report on Monday, February 3rd. Morgan Stanley reiterated an “overweight” rating on shares of Deutsche Bank Aktiengesellschaft in a report on Monday, February 3rd. The Goldman Sachs Group upgraded Deutsche Bank Aktiengesellschaft to a “strong-buy” rating in a report on Thursday, January 30th. Finally, StockNews.com upgraded shares of Deutsche Bank Aktiengesellschaft from a “hold” rating to a “buy” rating in a research note on Wednesday, February 5th. Two analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy”.

Deutsche Bank Aktiengesellschaft Stock Up 11.4 %

The firm has a market cap of $46.58 billion, a PE ratio of 16.83 and a beta of 1.22. The company has a quick ratio of 0.78, a current ratio of 0.74 and a debt-to-equity ratio of 1.45. The business has a 50-day moving average price of $19.20 and a two-hundred day moving average price of $17.73.

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

Deutsche Bank Aktiengesellschaft Increases Dividend

The company also recently declared an annual dividend, which will be paid on Tuesday, May 27th. Investors of record on Monday, May 26th will be paid a $0.5122 dividend. The ex-dividend date is Friday, May 23rd. This represents a yield of 1.7%. This is an increase from Deutsche Bank Aktiengesellschaft’s previous annual dividend of $0.33. Deutsche Bank Aktiengesellschaft’s payout ratio is currently 15.18%.

Institutional Investors Weigh In On Deutsche Bank Aktiengesellschaft

A number of large investors have recently modified their holdings of DB. Norges Bank acquired a new position in shares of Deutsche Bank Aktiengesellschaft during the fourth quarter worth $773,016,000. Franklin Resources Inc. lifted its holdings in Deutsche Bank Aktiengesellschaft by 199.8% during the 4th quarter. Franklin Resources Inc. now owns 12,931,689 shares of the bank’s stock worth $222,715,000 after buying an additional 8,617,662 shares during the last quarter. Capital International Investors boosted its position in shares of Deutsche Bank Aktiengesellschaft by 9.4% during the 4th quarter. Capital International Investors now owns 87,660,818 shares of the bank’s stock worth $1,510,097,000 after acquiring an additional 7,558,488 shares in the last quarter. Amundi increased its holdings in shares of Deutsche Bank Aktiengesellschaft by 23.6% in the 4th quarter. Amundi now owns 39,176,325 shares of the bank’s stock valued at $678,926,000 after acquiring an additional 7,484,594 shares during the last quarter. Finally, Marshall Wace LLP lifted its stake in Deutsche Bank Aktiengesellschaft by 18.7% during the fourth quarter. Marshall Wace LLP now owns 15,034,039 shares of the bank’s stock worth $258,903,000 after purchasing an additional 2,369,480 shares during the last quarter. 27.90% of the stock is owned by hedge funds and other institutional investors.

About Deutsche Bank Aktiengesellschaft

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.