379,092 Shares in Deutsche Bank Aktiengesellschaft (NYSE:DB) Purchased by Raymond James Financial Inc.

Raymond James Financial Inc. purchased a new position in shares of Deutsche Bank Aktiengesellschaft (NYSE:DB - Free Report) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 379,092 shares of the bank's stock, valued at approximately $6,464,000.

Several other hedge funds have also modified their holdings of the business. Versant Capital Management Inc acquired a new position in shares of Deutsche Bank Aktiengesellschaft during the 4th quarter worth $26,000. Wilmington Savings Fund Society FSB purchased a new position in Deutsche Bank Aktiengesellschaft in the 3rd quarter valued at about $43,000. Jones Financial Companies Lllp boosted its stake in shares of 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 worth $69,000 after purchasing an additional 3,748 shares during the last quarter. Activest Wealth Management purchased a new stake in shares of Deutsche Bank Aktiengesellschaft during the fourth quarter worth about $86,000. Finally, Smartleaf Asset Management LLC lifted its stake 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 buying an additional 4,992 shares during the period. 27.90% of the stock is owned by institutional investors and hedge funds.

Deutsche Bank Aktiengesellschaft Stock Performance

Shares of NYSE DB traded up $0.49 during midday trading on Friday, hitting $25.69. The company's stock had a trading volume of 2,554,340 shares, compared to its average volume of 2,282,058. The firm has a market cap of $51.17 billion, a P/E ratio of 18.48 and a beta of 1.03. Deutsche Bank Aktiengesellschaft has a 1-year low of $13.70 and a 1-year high of $25.71. The firm's fifty day moving average price is $22.95 and its 200-day moving average price is $19.62. The company has a debt-to-equity ratio of 1.45, a quick ratio of 0.78 and a current ratio of 0.74.

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

Deutsche Bank Aktiengesellschaft Increases Dividend

The business also recently announced an annual dividend, which will be paid on Tuesday, May 27th. Shareholders of record on Monday, May 26th will be paid a dividend of $0.5122 per share. This is a boost from Deutsche Bank Aktiengesellschaft's previous annual dividend of $0.33. The ex-dividend date of this dividend is Friday, May 23rd. This represents a yield of 1.7%. Deutsche Bank Aktiengesellschaft's dividend payout ratio (DPR) is presently 15.18%.

Wall Street Analysts Forecast Growth

DB has been the subject of several recent analyst reports. Barclays restated an "overweight" rating on shares of Deutsche Bank Aktiengesellschaft in a research note on Monday, February 3rd. StockNews.com upgraded shares of Deutsche Bank Aktiengesellschaft from a "hold" rating to a "buy" rating in a research note on Wednesday, February 5th. Royal Bank of Canada reiterated an "outperform" rating on shares of Deutsche Bank Aktiengesellschaft in a research note on Monday, March 24th. Morgan Stanley reissued an "overweight" rating on shares of Deutsche Bank Aktiengesellschaft in a research report on Friday, March 7th. Finally, The Goldman Sachs Group upgraded Deutsche Bank Aktiengesellschaft to a "strong-buy" rating in a research note on Thursday, January 30th. One investment analyst has rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Deutsche Bank Aktiengesellschaft has an average rating of "Buy".

Deutsche Bank Aktiengesellschaft Company Profile

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.