Congress Wealth Management LLC DE Grows Position in Deutsche Bank Aktiengesellschaft (NYSE:DB)

Congress Wealth Management LLC DE lifted its stake in Deutsche Bank Aktiengesellschaft (NYSE:DB) by 9.0% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 12,844 shares of the bank’s stock after buying an additional 1,065 shares during the quarter. Congress Wealth Management LLC DE’s holdings in Deutsche Bank Aktiengesellschaft were worth $219,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in DB. Versant Capital Management Inc purchased a new position in shares of Deutsche Bank Aktiengesellschaft in the fourth quarter worth $26,000. Wilmington Savings Fund Society FSB purchased a new stake in Deutsche Bank Aktiengesellschaft in the 3rd quarter worth $43,000. Jones Financial Companies Lllp boosted its holdings 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 valued at $69,000 after purchasing an additional 3,748 shares during the last quarter. Activest Wealth Management purchased a new position in shares of Deutsche Bank Aktiengesellschaft during the fourth quarter valued at about $86,000. Finally, Smartleaf Asset Management LLC increased its holdings in shares of Deutsche Bank Aktiengesellschaft by 218.4% in 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 last quarter. 27.90% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

DB has been the subject of several research analyst reports. StockNews.com upgraded Deutsche Bank Aktiengesellschaft from a “hold” rating to a “buy” rating in a report on Wednesday, February 5th. The Goldman Sachs Group upgraded shares of Deutsche Bank Aktiengesellschaft to a “strong-buy” rating in a research report on Thursday, January 30th. Royal Bank of Canada reissued an “outperform” rating on shares of Deutsche Bank Aktiengesellschaft in a research note on Monday, March 24th. Barclays restated an “overweight” rating on shares of Deutsche Bank Aktiengesellschaft in a research report on Monday, February 3rd. Finally, Citigroup reiterated a “neutral” rating on shares of Deutsche Bank Aktiengesellschaft in a research report on Monday, February 3rd. One investment 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’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Buy”.

Deutsche Bank Aktiengesellschaft Trading Down 2.1 %

Shares of DB opened at $23.97 on Monday. The company’s fifty day simple moving average is $21.55 and its 200-day simple moving average is $18.74. The company has a market cap of $47.76 billion, a P/E ratio of 17.25 and a beta of 1.23. The company has a current ratio of 0.74, a quick ratio of 0.78 and a debt-to-equity ratio of 1.45. Deutsche Bank Aktiengesellschaft has a twelve month low of $13.70 and a twelve month high of $25.33.

Deutsche Bank Aktiengesellschaft (NYSE:DB) last announced its quarterly earnings data on Thursday, January 30th. The bank reported $0.16 earnings per share (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%. As a group, analysts expect that Deutsche Bank Aktiengesellschaft will post 2.93 EPS for the current year.

Deutsche Bank Aktiengesellschaft Increases Dividend

The firm 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 of this dividend is Friday, May 23rd. This is an increase from Deutsche Bank Aktiengesellschaft’s previous annual dividend of $0.33. Deutsche Bank Aktiengesellschaft’s dividend payout ratio is 15.18%.

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.