Vanguard Group Inc. Cuts Holdings in Deutsche Bank Aktiengesellschaft (NYSE:DB)

Vanguard Group Inc. decreased its position in Deutsche Bank Aktiengesellschaft (NYSE:DB) by 0.3% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 79,034,502 shares of the bank’s stock after selling 209,986 shares during the period. Vanguard Group Inc.’s holdings in Deutsche Bank Aktiengesellschaft were worth $1,363,898,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of DB. Callan Family Office LLC purchased a new stake in shares of Deutsche Bank Aktiengesellschaft during the fourth quarter valued at approximately $1,320,000. Wellington Management Group LLP grew its stake in Deutsche Bank Aktiengesellschaft by 332.0% in the 3rd quarter. Wellington Management Group LLP now owns 2,194,855 shares of the bank’s stock valued at $37,964,000 after purchasing an additional 1,686,776 shares during the period. Cerity Partners LLC increased its position in shares of Deutsche Bank Aktiengesellschaft by 77.2% during the 3rd quarter. Cerity Partners LLC now owns 98,381 shares of the bank’s stock valued at $1,703,000 after purchasing an additional 42,860 shares during the last quarter. Plato Investment Management Ltd raised its stake in shares of Deutsche Bank Aktiengesellschaft by 53.7% during the 4th quarter. Plato Investment Management Ltd now owns 383,517 shares of the bank’s stock worth $6,632,000 after purchasing an additional 133,960 shares during the period. Finally, Bank of New York Mellon Corp boosted its holdings in shares of Deutsche Bank Aktiengesellschaft by 2.9% in the 4th quarter. Bank of New York Mellon Corp now owns 3,132,515 shares of the bank’s stock worth $53,409,000 after buying an additional 88,606 shares during the last quarter. Institutional investors own 27.90% of the company’s stock.

Deutsche Bank Aktiengesellschaft Stock Down 0.7 %

Deutsche Bank Aktiengesellschaft stock opened at $24.53 on Friday. The firm has a 50 day simple moving average of $21.45 and a 200 day simple moving average of $18.65. 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 1-year low of $13.70 and a 1-year high of $25.33. The firm has a market capitalization of $48.86 billion, a price-to-earnings ratio of 17.64 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 net margin of 4.66% and a return on equity of 3.90%. On average, analysts predict that Deutsche Bank Aktiengesellschaft will post 2.93 earnings per share for the current year.

Deutsche Bank Aktiengesellschaft Increases Dividend

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

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the stock. The Goldman Sachs Group upgraded shares of Deutsche Bank Aktiengesellschaft to a “strong-buy” rating in a report on Thursday, January 30th. Barclays reaffirmed an “overweight” rating on shares of Deutsche Bank Aktiengesellschaft in a report on Monday, February 3rd. Morgan Stanley reissued an “overweight” rating on shares of Deutsche Bank Aktiengesellschaft in a report on Friday, March 7th. StockNews.com raised Deutsche Bank Aktiengesellschaft from a “hold” rating to a “buy” rating in a research report on Wednesday, February 5th. Finally, Citigroup reissued a “neutral” rating on shares of Deutsche Bank Aktiengesellschaft in a report on Monday, February 3rd. One investment analyst has rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “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.