QRG Capital Management Inc. Decreases Stock Holdings in Deutsche Bank Aktiengesellschaft (NYSE:DB)

QRG Capital Management Inc. reduced its position in shares of Deutsche Bank Aktiengesellschaft (NYSE:DB) by 5.0% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 348,566 shares of the bank’s stock after selling 18,189 shares during the quarter. QRG Capital Management Inc.’s holdings in Deutsche Bank Aktiengesellschaft were worth $5,943,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Bank of New York Mellon Corp increased its stake in Deutsche Bank Aktiengesellschaft by 2.9% during 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 acquiring an additional 88,606 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of Deutsche Bank Aktiengesellschaft by 23.5% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,546,283 shares of the bank’s stock valued at $44,042,000 after purchasing an additional 483,788 shares during the last quarter. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH raised its holdings in Deutsche Bank Aktiengesellschaft by 2.1% during the 4th quarter. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH now owns 2,286,316 shares of the bank’s stock valued at $39,492,000 after buying an additional 46,192 shares during the period. Wellington Management Group LLP lifted its position in Deutsche Bank Aktiengesellschaft by 332.0% in the third 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 last quarter. Finally, Public Employees Retirement System of Ohio purchased a new position in Deutsche Bank Aktiengesellschaft during the third quarter worth $28,515,000. 27.90% of the stock is owned by hedge funds and other institutional investors.

Deutsche Bank Aktiengesellschaft Price Performance

Deutsche Bank Aktiengesellschaft stock opened at $21.49 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 stock has a market cap of $42.81 billion, a price-to-earnings ratio of 15.46 and a beta of 1.22. The firm has a 50-day moving average of $19.03 and a two-hundred day moving average of $17.60. Deutsche Bank Aktiengesellschaft has a 1 year low of $13.31 and a 1 year high of $21.96.

Deutsche Bank Aktiengesellschaft (NYSE:DB) last announced its quarterly earnings results on Thursday, January 30th. The bank reported $0.16 earnings per share (EPS) 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, research analysts forecast 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 given a dividend of $0.5122 per share. 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 is presently 15.18%.

Wall Street Analyst Weigh In

DB has been the subject of several analyst reports. Citigroup restated a “neutral” rating on shares of Deutsche Bank Aktiengesellschaft in a report on Monday, February 3rd. The Goldman Sachs Group raised shares of Deutsche Bank Aktiengesellschaft to a “strong-buy” rating in a research note on Thursday, January 30th. Morgan Stanley reaffirmed an “overweight” rating on shares of Deutsche Bank Aktiengesellschaft in a research note on Monday, February 3rd. Barclays reissued an “overweight” rating on shares of Deutsche Bank Aktiengesellschaft in a research note on Monday, February 3rd. Finally, StockNews.com raised Deutsche Bank Aktiengesellschaft from a “hold” rating to a “buy” rating in a research 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 issued a strong buy rating to the stock. According to MarketBeat, Deutsche Bank Aktiengesellschaft currently has a consensus 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.