Deutsche Bank Aktiengesellschaft (NYSE:DB – Get Free Report) was the target of a large decrease in short interest in July. As of July 15th, there was short interest totalling 13,290,000 shares, a decrease of 6.5% from the June 30th total of 14,220,000 shares. Approximately 0.7% of the shares of the stock are sold short. Based on an average daily trading volume, of 2,710,000 shares, the short-interest ratio is presently 4.9 days.
Deutsche Bank Aktiengesellschaft Stock Down 1.2 %
DB stock opened at $11.00 on Wednesday. The stock has a market capitalization of $22.73 billion, a P/E ratio of 4.64, a P/E/G ratio of 0.65 and a beta of 1.33. The firm has a 50-day simple moving average of $10.62 and a 200-day simple moving average of $11.12. The company has a quick ratio of 0.79, a current ratio of 0.79 and a debt-to-equity ratio of 1.69. Deutsche Bank Aktiengesellschaft has a 52 week low of $7.24 and a 52 week high of $13.57.
Institutional Trading of Deutsche Bank Aktiengesellschaft
Large investors have recently bought and sold shares of the business. Signaturefd LLC boosted its holdings in Deutsche Bank Aktiengesellschaft by 19.0% in the 2nd quarter. Signaturefd LLC now owns 23,852 shares of the bank’s stock valued at $251,000 after purchasing an additional 3,802 shares during the last quarter. M&G Investment Management Ltd. boosted its holdings in Deutsche Bank Aktiengesellschaft by 988.1% in the 2nd quarter. M&G Investment Management Ltd. now owns 572,285 shares of the bank’s stock valued at $6,246,000 after purchasing an additional 519,689 shares during the last quarter. LPL Financial LLC acquired a new position in Deutsche Bank Aktiengesellschaft in the 2nd quarter valued at about $147,000. Vanguard Personalized Indexing Management LLC boosted its holdings in Deutsche Bank Aktiengesellschaft by 15.0% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 69,040 shares of the bank’s stock valued at $727,000 after purchasing an additional 8,981 shares during the last quarter. Finally, Waterfront Wealth Inc. boosted its holdings in Deutsche Bank Aktiengesellschaft by 3.9% in the 2nd quarter. Waterfront Wealth Inc. now owns 48,555 shares of the bank’s stock valued at $559,000 after purchasing an additional 1,842 shares during the last quarter. Hedge funds and other institutional investors own 23.92% of the company’s stock.
Analyst Ratings Changes
A number of brokerages recently commented on DB. Citigroup raised shares of Deutsche Bank Aktiengesellschaft from a “neutral” rating to a “buy” rating in a report on Thursday, May 4th. StockNews.com began coverage on shares of Deutsche Bank Aktiengesellschaft in a report on Thursday, May 18th. They issued a “buy” rating for the company. Keefe, Bruyette & Woods downgraded shares of Deutsche Bank Aktiengesellschaft from an “outperform” rating to a “market perform” rating in a report on Wednesday, July 12th. Finally, Societe Generale downgraded shares of Deutsche Bank Aktiengesellschaft from a “buy” rating to a “hold” rating in a report on Monday, July 10th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $13.00.
About Deutsche Bank Aktiengesellschaft
Deutsche Bank Aktiengesellschaft, operates as a stock corporation, engages in the provision of corporate and investment banking, and asset management products and services to private clients, corporate entities, and institutional clients worldwide. Its Corporate Bank segment provides cash management, trade finance and lending, trust and agency, foreign exchange, and securities services, as well as risk management solutions.