Capital Group Private Client Services Inc. grew its stake in Deutsche Bank Aktiengesellschaft (NYSE:DB – Free Report) by 2.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,412,150 shares of the bank’s stock after acquiring an additional 32,144 shares during the period. Capital Group Private Client Services Inc.’s holdings in Deutsche Bank Aktiengesellschaft were worth $24,340,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other large investors also recently modified their holdings of the stock. Venturi Wealth Management LLC raised its holdings 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 worth $562,000 after purchasing an additional 513 shares during the last quarter. Sequoia Financial Advisors LLC lifted its holdings in Deutsche Bank Aktiengesellschaft by 3.9% in the fourth quarter. Sequoia Financial Advisors LLC now owns 14,189 shares of the bank’s stock valued at $242,000 after buying an additional 537 shares during the period. Truist Financial Corp boosted its stake in Deutsche Bank Aktiengesellschaft by 4.8% in the fourth 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 last quarter. Pitcairn Co. grew its holdings in Deutsche Bank Aktiengesellschaft by 5.7% during the 4th quarter. Pitcairn Co. now owns 13,742 shares of the bank’s stock worth $234,000 after acquiring an additional 740 shares during the period. Finally, Bleakley Financial Group LLC raised its position in shares of 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 last quarter. 27.90% of the stock is currently owned by institutional investors and hedge funds.
Deutsche Bank Aktiengesellschaft Trading Up 0.4 %
NYSE:DB opened at $23.45 on Friday. The company has a debt-to-equity ratio of 1.45, a current ratio of 0.74 and a quick ratio of 0.78. The business’s 50-day simple moving average is $22.43 and its 200-day simple moving average is $19.30. Deutsche Bank Aktiengesellschaft has a fifty-two week low of $13.70 and a fifty-two week high of $25.33. The stock has a market capitalization of $46.70 billion, a PE ratio of 16.87 and a beta of 1.03.
Deutsche Bank Aktiengesellschaft Increases Dividend
The company also recently declared an annual dividend, which will be paid on Tuesday, May 27th. Shareholders of record on Monday, May 26th will be paid a $0.5122 dividend. 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. This represents a dividend yield of 1.7%. Deutsche Bank Aktiengesellschaft’s dividend payout ratio (DPR) is currently 15.18%.
Analyst Upgrades and Downgrades
A number of equities research analysts recently commented on the company. Citigroup reaffirmed a “neutral” rating on shares of Deutsche Bank Aktiengesellschaft in a research note on Monday, February 3rd. Morgan Stanley restated an “overweight” rating on shares of Deutsche Bank Aktiengesellschaft in a research report on Friday, March 7th. Barclays reiterated an “overweight” rating on shares of Deutsche Bank Aktiengesellschaft in a research report on Monday, February 3rd. StockNews.com raised shares of Deutsche Bank Aktiengesellschaft from a “hold” rating to a “buy” rating in a research note on Wednesday, February 5th. Finally, The Goldman Sachs Group raised shares of Deutsche Bank Aktiengesellschaft to a “strong-buy” rating in a research report on Thursday, January 30th. One analyst has rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Buy”.
Check Out Our Latest Stock Report on DB
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.
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