In last trading session, Deutsche Bank AG (NYSE:DB) saw 3.25 million shares changing hands with its beta currently measuring 1.31. Company’s recent per share price level of $15.30 trading at $0.08 or 0.53% at ring of the bell on the day assigns it a market valuation of $29.78B. That closing price of DB’s stock is at a premium of 0.46% from its 52-week high price of $15.23 and is indicating a premium of 42.16% from its 52-week low price of $8.85. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 4.36 million shares which gives us an average trading volume of 3.16 million if we extend that period to 3-months.
Deutsche Bank AG (NYSE:DB) trade information
Upright in the green during last session for gaining 0.53%, in the last five days DB remained trading in the green while hitting it’s week-highest on Friday, 03/22/24 when the stock touched $15.30 price level, adding 0.39% to its value on the day. Deutsche Bank AG’s shares saw a change of 12.92% in year-to-date performance and have moved 3.24% in past 5-day. Deutsche Bank AG (NYSE:DB) showed a performance of 15.73% in past 30-days. Number of shares sold short was 9.43 million shares which calculate 2.81 days to cover the short interests.
Deutsche Bank AG (DB) estimates and forecasts
Statistics highlight that Deutsche Bank AG is scoring comparatively lower than the scores of other players of the relevant industry. The company added 42.86% of value to its shares in past 6 months, showing an annual growth rate of 0.45% while that of industry is 0.90. Apart from that, the company came raising its revenue forecast for fiscal year 2024. The company is estimating its revenue growth to increase by 25.50% in the current quarter and calculating -1.70% decrease in the next quarter. This year revenue growth is estimated to rise 1.60% from the last financial year’s standing.
Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of 71.75% during past 5 years. In 2024, company’s earnings growth rate is likely to be around 6.14% while estimates for its earnings growth in next 5 years are of 1.34%.
DB Dividends
Deutsche Bank AG is more likely to be releasing its next quarterly report in April and investors are confident in the company announcing better current-quarter dividends despite the fact that it has been facing issues arising out of mounting debt.
Deutsche Bank AG (NYSE:DB)’s Major holders
Insiders are in possession of 8.04% of company’s total shares while institution are holding 41.51 percent of that, with stock having share float percentage of 45.14%. Investors also watch the number of corporate investors in a company very closely, which is 41.51% institutions for Deutsche Bank AG that are currently holding shares of the company. Vanguard Group Inc is the top institutional holder at DB for having 77.56 million shares of worth $1.19 billion. And as of Dec 30, 2023, it was holding 3.89% of the company’s outstanding shares.
The second largest institutional holder is Deutsche Bank Aktiengesellschaft, which was holding about 76.47 million shares on Dec 30, 2023. The number of shares represents firm’s hold over 3.83% of outstanding shares, having a total worth of $1.17 billion.
On the other hand, Vanguard International Stock Index-Total Intl Stock Indx and Vanguard Tax Managed Fund-Vanguard Developed Markets Index Fund are the top two Mutual Funds which own company’s shares. As of Oct 30, 2023, the former fund manager was holding 27.36 million shares of worth $418.57 million or 1.37% of the total outstanding shares. The later fund manager was in possession of 16.24 million shares on Dec 30, 2023, making its stake of worth around $248.46 million in the company or a holder of 0.81% of company’s stock.
