Legal & General Group Plc lowered its position in shares of Deutsche Bank Aktiengesellschaft (NYSE:DB - Free Report) by 19.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 16,086,764 shares of the bank's stock after selling 3,877,274 shares during the period. Legal & General Group Plc owned approximately 0.81% of Deutsche Bank Aktiengesellschaft worth $277,184,000 as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds and other institutional investors have also added to or reduced their stakes in DB. Versant Capital Management Inc purchased a new position in shares of Deutsche Bank Aktiengesellschaft in the fourth quarter worth $26,000. Wilmington Savings Fund Society FSB purchased a new position in Deutsche Bank Aktiengesellschaft in the 3rd quarter worth about $43,000. Jones Financial Companies Lllp lifted its stake in Deutsche Bank Aktiengesellschaft by 1,270.5% during the 4th quarter. Jones Financial Companies Lllp now owns 4,043 shares of the bank's stock valued at $69,000 after acquiring an additional 3,748 shares during the period. Activest Wealth Management purchased a new stake in shares of Deutsche Bank Aktiengesellschaft during the 4th quarter valued at about $86,000. Finally, Smartleaf Asset Management LLC raised its holdings in shares of Deutsche Bank Aktiengesellschaft by 218.4% during the fourth quarter. Smartleaf Asset Management LLC now owns 7,278 shares of the bank's stock valued at $125,000 after purchasing an additional 4,992 shares during the last quarter. 27.90% of the stock is owned by institutional investors.
Analysts Set New Price Targets
Several equities research analysts recently issued reports on DB shares. StockNews.com upgraded shares of Deutsche Bank Aktiengesellschaft from a "hold" rating to a "buy" rating in a report on Wednesday, February 5th. Royal Bank of Canada reissued an "outperform" rating on shares of Deutsche Bank Aktiengesellschaft in a report on Monday, March 24th. Citigroup reaffirmed a "neutral" rating on shares of Deutsche Bank Aktiengesellschaft in a report on Monday, February 3rd. The Goldman Sachs Group upgraded shares of Deutsche Bank Aktiengesellschaft to a "strong-buy" rating in a research report on Thursday, January 30th. Finally, Barclays reissued an "overweight" rating on shares of Deutsche Bank Aktiengesellschaft in a research note on Monday, February 3rd. One investment analyst has rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Buy".
Check Out Our Latest Report on DB
Deutsche Bank Aktiengesellschaft Trading Up 3.3 %
Shares of Deutsche Bank Aktiengesellschaft stock traded up $0.74 on Monday, reaching $23.16. The company had a trading volume of 1,291,085 shares, compared to its average volume of 2,352,085. The company has a debt-to-equity ratio of 1.45, a current ratio of 0.74 and a quick ratio of 0.78. The firm's 50-day moving average price is $22.10 and its two-hundred day moving average price is $19.16. The firm has a market cap of $46.14 billion, a price-to-earnings ratio of 16.66 and a beta of 1.03. Deutsche Bank Aktiengesellschaft has a 1 year low of $13.70 and a 1 year high of $25.33.
Deutsche Bank Aktiengesellschaft (NYSE:DB - Get Free Report) last released its quarterly earnings results on Thursday, January 30th. The bank reported $0.16 EPS for the quarter, missing analysts' consensus estimates of $0.43 by ($0.27). Deutsche Bank Aktiengesellschaft had a return on equity of 3.90% and a net margin of 4.66%. As a group, research analysts predict that Deutsche Bank Aktiengesellschaft will post 2.93 earnings per share for the current fiscal year.
Deutsche Bank Aktiengesellschaft Increases Dividend
The firm also recently declared an annual dividend, which will be paid on Tuesday, May 27th. Investors of record on Monday, May 26th will be paid a dividend of $0.5122 per share. This is a positive change from Deutsche Bank Aktiengesellschaft's previous annual dividend of $0.33. This represents a dividend yield of 1.7%. The ex-dividend date of this dividend is Friday, May 23rd. Deutsche Bank Aktiengesellschaft's dividend payout ratio (DPR) is currently 15.18%.
Deutsche Bank Aktiengesellschaft Profile
(
Free Report)
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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