LGT Group Foundation Trims Holdings in Deutsche Bank Aktiengesellschaft (NYSE:DB)

LGT Group Foundation cut its holdings in Deutsche Bank Aktiengesellschaft (NYSE:DB) by 48.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 134,437 shares of the bank’s stock after selling 127,934 shares during the quarter. LGT Group Foundation’s holdings in Deutsche Bank Aktiengesellschaft were worth $2,315,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the company. Venturi Wealth Management LLC grew its position in Deutsche Bank Aktiengesellschaft by 1.6% during the 4th quarter. Venturi Wealth Management LLC now owns 32,990 shares of the bank’s stock valued at $562,000 after purchasing an additional 513 shares during the last quarter. Truist Financial Corp lifted its stake in Deutsche Bank Aktiengesellschaft by 4.8% during the 4th quarter. Truist Financial Corp now owns 13,801 shares of the bank’s stock valued at $235,000 after acquiring an additional 636 shares during the period. Bleakley Financial Group LLC lifted its stake in Deutsche Bank Aktiengesellschaft by 9.3% during the 4th quarter. Bleakley Financial Group LLC now owns 11,607 shares of the bank’s stock valued at $198,000 after acquiring an additional 990 shares during the period. Park Avenue Securities LLC lifted its stake in Deutsche Bank Aktiengesellschaft by 5.1% during the 4th quarter. Park Avenue Securities LLC now owns 23,083 shares of the bank’s stock valued at $394,000 after acquiring an additional 1,113 shares during the period. Finally, Versant Capital Management Inc bought a new position in shares of Deutsche Bank Aktiengesellschaft in the 4th quarter worth approximately $26,000. 27.90% of the stock is owned by hedge funds and other institutional investors.

Deutsche Bank Aktiengesellschaft Trading Up 0.4 %

DB stock opened at $21.58 on Tuesday. The firm has a fifty day moving average price of $19.13 and a 200 day moving average price of $17.69. Deutsche Bank Aktiengesellschaft has a fifty-two week low of $13.57 and a fifty-two week high of $22.14. The company has a debt-to-equity ratio of 1.45, a quick ratio of 0.78 and a current ratio of 0.74. The firm has a market cap of $42.99 billion, a PE ratio of 15.53 and a beta of 1.22.

Deutsche Bank Aktiengesellschaft (NYSE:DB) last posted its 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%. Sell-side analysts anticipate that Deutsche Bank Aktiengesellschaft will post 2.93 earnings per share for the current fiscal year.

Deutsche Bank Aktiengesellschaft Increases Dividend

The firm also recently announced 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 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 dividend payout ratio (DPR) is 15.18%.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the stock. Citigroup reiterated a “neutral” rating on shares of Deutsche Bank Aktiengesellschaft in a research note on Monday, February 3rd. The Goldman Sachs Group raised shares of Deutsche Bank Aktiengesellschaft to a “strong-buy” rating in a report on Thursday, January 30th. Morgan Stanley reaffirmed an “overweight” rating on shares of Deutsche Bank Aktiengesellschaft in a report on Monday, February 3rd. Barclays reaffirmed an “overweight” rating on shares of Deutsche Bank Aktiengesellschaft in a report on Monday, February 3rd. Finally, StockNews.com raised shares of Deutsche Bank Aktiengesellschaft from a “hold” rating to a “buy” rating in a report on Wednesday, February 5th. Two research analysts have rated the stock with a hold rating, three have given a buy rating and one has given 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 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.