Deutsche Bank (DB) Trading Up 5.6%


Deutsche Bank AG (NYSE:DB)’s share price was up 5.6% during trading on Monday . The stock traded as high as $9.15 and last traded at $9.12. Approximately 8,796,589 shares were traded during trading, an increase of 77% from the average daily volume of 4,963,813 shares. The stock had previously closed at $8.64.


Several equities analysts have recently commented on DB shares. Barclays set a $8.00 target price on Deutsche Bank and gave the company a “sell” rating in a report on Tuesday, November 20th. Credit Suisse Group reaffirmed a “hold” rating on shares of Deutsche Bank in a report on Monday, December 17th. Zacks Investment Research reaffirmed a “hold” rating on shares of Deutsche Bank in a report on Monday, December 31st. Royal Bank of Canada reaffirmed a “sell” rating on shares of Deutsche Bank in a report on Saturday, February 2nd. Finally, DZ Bank reaffirmed a “hold” rating on shares of Deutsche Bank in a report on Friday, February 1st. Nine analysts have rated the stock with a sell rating and nine have assigned a hold rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $11.00.


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The firm has a market capitalization of $17.86 billion, a PE ratio of -15.20 and a beta of 1.35. The company has a debt-to-equity ratio of 2.28, a current ratio of 0.77 and a quick ratio of 0.77.

A number of hedge funds have recently modified their holdings of the stock. Cerity Partners LLC grew its holdings in Deutsche Bank by 13.4% in the 4th quarter. Cerity Partners LLC now owns 11,513 shares of the bank’s stock worth $94,000 after buying an additional 1,361 shares in the last quarter. Advisor Group Inc. lifted its position in Deutsche Bank by 19.2% in the fourth quarter. Advisor Group Inc. now owns 14,271 shares of the bank’s stock worth $116,000 after purchasing an additional 2,294 shares during the period. Wetherby Asset Management Inc. lifted its position in Deutsche Bank by 12.4% in the fourth quarter. Wetherby Asset Management Inc. now owns 23,021 shares of the bank’s stock worth $188,000 after purchasing an additional 2,531 shares during the period. Partnervest Advisory Services LLC lifted its position in Deutsche Bank by 16.2% in the fourth quarter. Partnervest Advisory Services LLC now owns 21,500 shares of the bank’s stock worth $175,000 after purchasing an additional 3,000 shares during the period. Finally, Flinton Capital Management LLC lifted its position in Deutsche Bank by 42.5% in the fourth quarter. Flinton Capital Management LLC now owns 15,764 shares of the bank’s stock worth $126,000 after purchasing an additional 4,704 shares during the period. 22.19% of the stock is owned by institutional investors and hedge funds.


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About Deutsche Bank (NYSE:DB)

Deutsche Bank Aktiengesellschaft provides investment, financial, and related products and services to private individuals, corporate entities, and institutional clients worldwide. It operates through three segments: Corporate & Investment Bank (CIB), Private & Commercial Bank (PCB), and Deutsche Asset Management.

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