Deutsche Bank AG (NYSE:DB) fell 8.4% during mid-day trading on Friday . The stock traded as low as $17.03 and last traded at $17.09. 15,240,758 shares changed hands during trading, an increase of 219% from the average session volume of 4,778,237 shares. The stock had previously closed at $18.65.

Several research firms recently issued reports on DB. DZ Bank reissued a “buy” rating on shares of Deutsche Bank in a research note on Thursday, October 26th. HSBC raised Deutsche Bank from a “hold” rating to a “buy” rating in a research note on Tuesday, November 14th. Goldman Sachs Group reissued a “neutral” rating on shares of Deutsche Bank in a research note on Tuesday, December 5th. Keefe, Bruyette & Woods lowered Deutsche Bank from a “market perform” rating to an “underperform” rating in a research note on Monday, November 20th. Finally, Citigroup reissued a “sell” rating on shares of Deutsche Bank in a research note on Tuesday, November 21st. Five research analysts have rated the stock with a sell rating, eight have issued a hold rating and three have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $18.08.

The company has a debt-to-equity ratio of 2.35, a current ratio of 0.84 and a quick ratio of 0.84. The stock has a market cap of $34,830.00, a P/E ratio of -27.56, a PEG ratio of 3.09 and a beta of 1.23.

Hedge funds have recently modified their holdings of the business. The Manufacturers Life Insurance Company bought a new stake in Deutsche Bank during the second quarter worth about $27,950,000. Sciencast Management LP lifted its stake in Deutsche Bank by 31.2% during the second quarter. Sciencast Management LP now owns 59,596 shares of the bank’s stock worth $1,060,000 after purchasing an additional 14,179 shares during the last quarter. LMR Partners LLP lifted its stake in Deutsche Bank by 1,028.6% during the third quarter. LMR Partners LLP now owns 1,071,839 shares of the bank’s stock worth $18,526,000 after purchasing an additional 976,869 shares during the last quarter. Bank of Montreal Can lifted its stake in Deutsche Bank by 318.5% during the fourth quarter. Bank of Montreal Can now owns 2,035,105 shares of the bank’s stock worth $38,727,000 after purchasing an additional 1,548,873 shares during the last quarter. Finally, Caisse DE Depot ET Placement DU Quebec bought a new stake in shares of Deutsche Bank in the 3rd quarter valued at about $1,538,000. 20.94% of the stock is owned by hedge funds and other institutional investors.

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About Deutsche Bank

Deutsche Bank AG is a bank and holding company for its subsidiaries. The Company offers a range of investment, financial and related products and services to private individuals, corporate entities and institutional clients. It operates through six divisions: Global Markets, which offers financial products, including trading and hedging services to institutions and corporate clients; Corporate & Investment Banking, which brings together its commercial banking, corporate finance and transaction banking capability; Private, Wealth and Commercial Clients, which combines its capability in private and commercial banking, as well as in wealth management solutions; Deutsche Asset Management, whose investment capabilities span both active and passive strategies and an array of asset classes, including equities, fixed income, real estate and sustainable investments; Postbank, which is a German financial service provider for retail, business and corporate clients, and Non-Core Operations Unit.

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