Deutsche Bank Aktiengesellschaft (NYSE:DB – Get Free Report) shares gapped up prior to trading on Thursday . The stock had previously closed at $15.67, but opened at $16.18. Deutsche Bank Aktiengesellschaft shares last traded at $16.18, with a volume of 199,758 shares traded.
Wall Street Analysts Forecast Growth
Separately, StockNews.com downgraded shares of Deutsche Bank Aktiengesellschaft from a “buy” rating to a “hold” rating in a research report on Friday, July 26th.
Read Our Latest Stock Report on Deutsche Bank Aktiengesellschaft
Deutsche Bank Aktiengesellschaft Stock Up 2.7 %
Deutsche Bank Aktiengesellschaft (NYSE:DB – Get Free Report) last issued its quarterly earnings results on Wednesday, July 24th. The bank reported ($0.41) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.49 by ($0.90). The business had revenue of $7.87 billion during the quarter, compared to analyst estimates of $8.18 billion. Deutsche Bank Aktiengesellschaft had a net margin of 5.58% and a return on equity of 4.63%. As a group, research analysts forecast that Deutsche Bank Aktiengesellschaft will post 2.29 EPS for the current fiscal year.
Institutional Investors Weigh In On Deutsche Bank Aktiengesellschaft
Hedge funds have recently added to or reduced their stakes in the company. Raymond James & Associates lifted its stake in shares of Deutsche Bank Aktiengesellschaft by 21.4% in the fourth quarter. Raymond James & Associates now owns 42,067 shares of the bank’s stock valued at $570,000 after buying an additional 7,420 shares in the last quarter. Cerity Partners LLC lifted its position in Deutsche Bank Aktiengesellschaft by 14.7% in the 4th quarter. Cerity Partners LLC now owns 49,059 shares of the bank’s stock valued at $665,000 after acquiring an additional 6,277 shares in the last quarter. Signaturefd LLC boosted its stake in Deutsche Bank Aktiengesellschaft by 5.9% during the 4th quarter. Signaturefd LLC now owns 29,753 shares of the bank’s stock valued at $403,000 after purchasing an additional 1,670 shares during the last quarter. Callan Capital LLC increased its holdings in Deutsche Bank Aktiengesellschaft by 58.2% during the 4th quarter. Callan Capital LLC now owns 17,023 shares of the bank’s stock worth $231,000 after purchasing an additional 6,264 shares in the last quarter. Finally, Headlands Technologies LLC purchased a new stake in shares of Deutsche Bank Aktiengesellschaft in the fourth quarter worth approximately $119,000. Institutional investors and hedge funds own 27.90% of the company’s stock.
Deutsche Bank Aktiengesellschaft Company Profile
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.
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