Andra AP fonden Sells 39,981 Shares of Deutsche Bank Aktiengesellschaft (NYSE:DB)

Andra AP fonden reduced its stake in Deutsche Bank Aktiengesellschaft (NYSE:DB) by 13.5% during the fourth quarter, Holdings Channel.com reports. The firm owned 255,523 shares of the bank’s stock after selling 39,981 shares during the period. Andra AP fonden’s holdings in Deutsche Bank Aktiengesellschaft were worth $4,252,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Wellington Management Group LLP boosted its position in Deutsche Bank Aktiengesellschaft by 332.0% during the 3rd quarter. Wellington Management Group LLP now owns 2,194,855 shares of the bank’s stock valued at $37,964,000 after acquiring an additional 1,686,776 shares in the last quarter. Callan Family Office LLC purchased a new stake in shares of Deutsche Bank Aktiengesellschaft during the fourth quarter valued at approximately $1,320,000. Cerity Partners LLC raised its stake in shares of Deutsche Bank Aktiengesellschaft by 77.2% in the third quarter. Cerity Partners LLC now owns 98,381 shares of the bank’s stock worth $1,703,000 after purchasing an additional 42,860 shares during the last quarter. Ritholtz Wealth Management boosted its holdings in Deutsche Bank Aktiengesellschaft by 10.9% in the fourth quarter. Ritholtz Wealth Management now owns 162,545 shares of the bank’s stock worth $2,771,000 after purchasing an additional 15,917 shares during the last quarter. Finally, Plato Investment Management Ltd lifted its holdings in Deutsche Bank Aktiengesellschaft by 53.7% in the fourth quarter. Plato Investment Management Ltd now owns 383,517 shares of the bank’s stock valued at $6,632,000 after acquiring an additional 133,960 shares during the period. 27.90% of the stock is currently owned by hedge funds and other institutional investors.

Deutsche Bank Aktiengesellschaft Stock Up 0.6 %

DB stock opened at $24.16 on Friday. 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 fifty day simple moving average is $19.61 and its 200-day simple moving average is $17.89. Deutsche Bank Aktiengesellschaft has a 12 month low of $13.70 and a 12 month high of $24.44. The company has a market capitalization of $48.12 billion, a P/E ratio of 17.38 and a beta of 1.23.

Deutsche Bank Aktiengesellschaft (NYSE:DB) last announced 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%. As a group, equities research analysts forecast that Deutsche Bank Aktiengesellschaft will post 2.93 earnings per share for the current year.

Deutsche Bank Aktiengesellschaft Increases Dividend

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

Analysts Set New Price Targets

DB has been the topic of several analyst reports. The Goldman Sachs Group upgraded Deutsche Bank Aktiengesellschaft to a “strong-buy” rating in a research report on Thursday, January 30th. StockNews.com upgraded shares of Deutsche Bank Aktiengesellschaft from a “hold” rating to a “buy” rating in a report on Wednesday, February 5th. Citigroup reissued 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. Finally, Morgan Stanley reissued an “overweight” rating on shares of Deutsche Bank Aktiengesellschaft in a report on Monday, February 3rd. Two analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, 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.