US Bancorp DE Purchases 2,051 Shares of Deutsche Bank Aktiengesellschaft (NYSE:DB)

US Bancorp DE increased its position in shares of Deutsche Bank Aktiengesellschaft (NYSE:DB) by 4.4% during the fourth quarter, HoldingsChannel reports. The fund owned 48,638 shares of the bank’s stock after buying an additional 2,051 shares during the quarter. US Bancorp DE’s holdings in Deutsche Bank Aktiengesellschaft were worth $829,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Wellington Management Group LLP raised its stake 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 worth $37,964,000 after buying an additional 1,686,776 shares during the period. 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 raised its stake in shares of 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. Bank of New York Mellon Corp raised its stake in shares of Deutsche Bank Aktiengesellschaft by 2.9% in the fourth quarter. Bank of New York Mellon Corp now owns 3,132,515 shares of the bank’s stock worth $53,409,000 after purchasing an additional 88,606 shares during the last quarter. Finally, Assenagon Asset Management S.A. raised its stake in shares of Deutsche Bank Aktiengesellschaft by 31.7% in the fourth quarter. Assenagon Asset Management S.A. now owns 120,572 shares of the bank’s stock worth $2,078,000 after purchasing an additional 29,042 shares during the last quarter. Institutional investors own 27.90% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the company. StockNews.com raised Deutsche Bank Aktiengesellschaft from a “hold” rating to a “buy” rating in a research note on Wednesday, February 5th. Barclays reissued 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. Citigroup reaffirmed a “neutral” rating on shares of Deutsche Bank Aktiengesellschaft in a report on Monday, February 3rd. Finally, The Goldman Sachs Group raised Deutsche Bank Aktiengesellschaft to a “strong-buy” rating in a report on Thursday, January 30th. Two investment analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy”.

Deutsche Bank Aktiengesellschaft Trading Down 3.8 %

Shares of DB stock opened at $23.24 on Tuesday. 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 has a 52-week low of $13.70 and a 52-week high of $24.44. The company has a market capitalization of $46.29 billion, a PE ratio of 16.72 and a beta of 1.23. The business’s fifty day moving average is $19.73 and its 200 day moving average is $17.95.

Deutsche Bank Aktiengesellschaft (NYSE:DB) last released its quarterly 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%. On average, equities research analysts anticipate 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 paid a dividend of $0.5122 per share. This is a boost from Deutsche Bank Aktiengesellschaft’s previous annual dividend of $0.33. This represents a dividend yield of 1.7%. The ex-dividend date of this dividend is Friday, May 23rd. Deutsche Bank Aktiengesellschaft’s dividend payout ratio (DPR) is 15.18%.

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.