Pictet Asset Management Holding SA Purchases 343,902 Shares of Deutsche Bank Aktiengesellschaft (NYSE:DB)

Pictet Asset Management Holding SA grew its position in shares of Deutsche Bank Aktiengesellschaft (NYSE:DB - Free Report) by 28.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,539,864 shares of the bank's stock after buying an additional 343,902 shares during the period. Pictet Asset Management Holding SA owned 0.08% of Deutsche Bank Aktiengesellschaft worth $26,533,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Versant Capital Management Inc bought a new stake in Deutsche Bank Aktiengesellschaft in the 4th quarter valued at about $26,000. Wilmington Savings Fund Society FSB purchased a new stake in shares of Deutsche Bank Aktiengesellschaft during the 3rd quarter valued at approximately $43,000. Jones Financial Companies Lllp boosted its holdings in Deutsche Bank Aktiengesellschaft by 1,270.5% in the 4th quarter. Jones Financial Companies Lllp now owns 4,043 shares of the bank's stock worth $69,000 after buying an additional 3,748 shares during the period. Activest Wealth Management purchased a new position in Deutsche Bank Aktiengesellschaft in the 4th quarter valued at approximately $86,000. Finally, Smartleaf Asset Management LLC raised its holdings in Deutsche Bank Aktiengesellschaft by 218.4% during the 4th quarter. Smartleaf Asset Management LLC now owns 7,278 shares of the bank's stock valued at $125,000 after acquiring an additional 4,992 shares during the period. Hedge funds and other institutional investors own 27.90% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on DB. Citigroup reaffirmed a "neutral" rating on shares of Deutsche Bank Aktiengesellschaft in a report on Monday, February 3rd. Barclays restated an "overweight" rating on shares of Deutsche Bank Aktiengesellschaft in a research note on Monday, February 3rd. Morgan Stanley reaffirmed an "overweight" rating on shares of Deutsche Bank Aktiengesellschaft in a report on Friday, March 7th. The Goldman Sachs Group raised shares of Deutsche Bank Aktiengesellschaft to a "strong-buy" rating in a report on Thursday, January 30th. Finally, Royal Bank of Canada reaffirmed an "outperform" rating on shares of Deutsche Bank Aktiengesellschaft in a research note on Monday, March 24th. One research analyst has rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Buy".

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Deutsche Bank Aktiengesellschaft Price Performance

NYSE DB traded down $2.45 during trading on Friday, reaching $20.44. The company's stock had a trading volume of 7,213,160 shares, compared to its average volume of 2,243,701. The stock has a market capitalization of $40.71 billion, a PE ratio of 14.70 and a beta of 1.03. 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 has a fifty day moving average of $21.90 and a 200 day moving average of $18.96. Deutsche Bank Aktiengesellschaft has a one year low of $13.70 and a one year high of $25.33.

Deutsche Bank Aktiengesellschaft (NYSE:DB - Get Free Report) last announced its earnings results on Thursday, January 30th. The bank reported $0.16 earnings per share for the quarter, missing analysts' consensus estimates of $0.43 by ($0.27). Deutsche Bank Aktiengesellschaft had a net margin of 4.66% and a return on equity of 3.90%. Analysts expect that Deutsche Bank Aktiengesellschaft will post 2.93 EPS for the current fiscal year.

Deutsche Bank Aktiengesellschaft Increases Dividend

The business also recently disclosed an annual dividend, which will be paid on Tuesday, May 27th. Stockholders of record on Monday, May 26th will be issued a dividend of $0.5122 per share. This is an increase from Deutsche Bank Aktiengesellschaft's previous annual dividend of $0.33. This represents a dividend yield of 1.7%. The ex-dividend date is Friday, May 23rd. Deutsche Bank Aktiengesellschaft's payout ratio is currently 15.18%.

About Deutsche Bank Aktiengesellschaft

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.