Allianz SE Purchases Shares of 35,000 Deutsche Bank Aktiengesellschaft (NYSE:DB)

Allianz SE purchased a new position in shares of Deutsche Bank Aktiengesellschaft (NYSE:DB) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 35,000 shares of the bank’s stock, valued at approximately $605,000.

Several other hedge funds also recently modified their holdings of the stock. Versant Capital Management Inc acquired a new position in shares of Deutsche Bank Aktiengesellschaft during the fourth quarter valued at about $26,000. Wilmington Savings Fund Society FSB acquired a new position in Deutsche Bank Aktiengesellschaft during the 3rd quarter worth approximately $43,000. Jones Financial Companies Lllp boosted its holdings in Deutsche Bank Aktiengesellschaft by 1,270.5% in the fourth quarter. Jones Financial Companies Lllp now owns 4,043 shares of the bank’s stock worth $69,000 after acquiring an additional 3,748 shares in the last quarter. Activest Wealth Management acquired a new stake in Deutsche Bank Aktiengesellschaft in the fourth quarter valued at approximately $86,000. Finally, Smartleaf Asset Management LLC raised its position 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 worth $125,000 after purchasing an additional 4,992 shares during the period. Institutional investors own 27.90% of the company’s stock.

Deutsche Bank Aktiengesellschaft Stock Down 2.1 %

Shares of NYSE:DB opened at $23.97 on Monday. The stock’s 50-day moving average is $21.55 and its 200 day moving average is $18.74. Deutsche Bank Aktiengesellschaft has a 1 year low of $13.70 and a 1 year high of $25.33. The company has a market cap of $47.76 billion, a PE ratio of 17.25 and a beta of 1.23. The company has a debt-to-equity ratio of 1.45, a current ratio of 0.74 and a quick ratio of 0.78.

Deutsche Bank Aktiengesellschaft (NYSE:DB) last released its 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%. Sell-side analysts anticipate that Deutsche Bank Aktiengesellschaft will post 2.93 EPS for the current year.

Deutsche Bank Aktiengesellschaft Increases Dividend

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

Analyst Ratings Changes

Several research analysts recently weighed in on DB shares. Barclays restated an “overweight” rating on shares of Deutsche Bank Aktiengesellschaft in a report on Monday, February 3rd. Citigroup restated a “neutral” rating on shares of Deutsche Bank Aktiengesellschaft in a research note on Monday, February 3rd. The Goldman Sachs Group raised Deutsche Bank Aktiengesellschaft to a “strong-buy” rating in a report on Thursday, January 30th. Royal Bank of Canada reaffirmed an “outperform” rating on shares of Deutsche Bank Aktiengesellschaft in a report on Monday, March 24th. Finally, Morgan Stanley reaffirmed an “overweight” rating on shares of Deutsche Bank Aktiengesellschaft in a report on Friday, March 7th. One equities research analyst has rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company 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.