Zurcher Kantonalbank Zurich Cantonalbank Sells 15,524 Shares of Deutsche Bank Aktiengesellschaft (NYSE:DB)

Zurcher Kantonalbank Zurich Cantonalbank decreased its holdings in shares of Deutsche Bank Aktiengesellschaft (NYSE:DB) by 0.6% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,530,759 shares of the bank’s stock after selling 15,524 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Deutsche Bank Aktiengesellschaft were worth $43,607,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of DB. Crossmark Global Holdings Inc. raised its position in Deutsche Bank Aktiengesellschaft by 29.4% during the 3rd quarter. Crossmark Global Holdings Inc. now owns 166,809 shares of the bank’s stock valued at $2,887,000 after purchasing an additional 37,904 shares during the last quarter. D Orazio & Associates Inc. bought a new position in Deutsche Bank Aktiengesellschaft during the 3rd quarter valued at approximately $225,000. Plato Investment Management Ltd bought a new position in Deutsche Bank Aktiengesellschaft during the 3rd quarter valued at approximately $4,324,000. Natixis Advisors LLC raised its position in shares of Deutsche Bank Aktiengesellschaft by 2.0% in the 3rd quarter. Natixis Advisors LLC now owns 354,479 shares of the bank’s stock worth $6,136,000 after acquiring an additional 7,062 shares in the last quarter. Finally, Baron Wealth Management LLC bought a new position in shares of Deutsche Bank Aktiengesellschaft in the 3rd quarter worth approximately $221,000. Institutional investors own 27.90% of the company’s stock.

Deutsche Bank Aktiengesellschaft Stock Down 3.8 %

DB stock opened at $23.24 on Tuesday. Deutsche Bank Aktiengesellschaft has a twelve month low of $13.70 and a twelve month high of $24.44. The business has a 50 day moving average of $19.73 and a 200 day moving average of $17.95. The company has a quick ratio of 0.78, a current ratio of 0.74 and a debt-to-equity ratio of 1.45. The firm has a market cap of $46.29 billion, a PE ratio of 16.72 and a beta of 1.23.

Deutsche Bank Aktiengesellschaft (NYSE:DB) last posted its quarterly earnings results on Thursday, January 30th. The bank reported $0.16 earnings per share 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, research analysts forecast that Deutsche Bank Aktiengesellschaft will post 2.93 EPS for the current fiscal year.

Deutsche Bank Aktiengesellschaft Increases Dividend

The company also recently disclosed an annual dividend, which will be paid on Tuesday, May 27th. Investors of record on Monday, May 26th will be issued a $0.5122 dividend. The ex-dividend date of this dividend is Friday, May 23rd. This represents a dividend yield of 1.7%. This is a positive change from Deutsche Bank Aktiengesellschaft’s previous annual dividend of $0.33. Deutsche Bank Aktiengesellschaft’s payout ratio is presently 15.18%.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on DB. Morgan Stanley reissued an “overweight” rating on shares of Deutsche Bank Aktiengesellschaft in a research report on Friday. StockNews.com raised Deutsche Bank Aktiengesellschaft from a “hold” rating to a “buy” rating in a research report on Wednesday, February 5th. Citigroup reissued a “neutral” rating on shares of Deutsche Bank Aktiengesellschaft in a research report on Monday, February 3rd. Barclays reissued an “overweight” rating on shares of Deutsche Bank Aktiengesellschaft in a research report on Monday, February 3rd. Finally, The Goldman Sachs Group raised Deutsche Bank Aktiengesellschaft to a “strong-buy” rating in a research report on Thursday, January 30th. Two research analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy”.

Deutsche Bank Aktiengesellschaft 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.