Deutsche Bank Aktiengesellschaft (NYSE:DB) Stock Holdings Lessened by Allianz Asset Management GmbH

Allianz Asset Management GmbH reduced its holdings in Deutsche Bank Aktiengesellschaft (NYSE:DB) by 10.6% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 1,596,448 shares of the bank’s stock after selling 188,947 shares during the period. Allianz Asset Management GmbH’s holdings in Deutsche Bank Aktiengesellschaft were worth $27,508,000 as of its most recent filing with the SEC.

Other large investors also recently modified their holdings of the company. Versant Capital Management Inc bought a new position in shares of Deutsche Bank Aktiengesellschaft in the 4th quarter worth about $26,000. Wilmington Savings Fund Society FSB bought a new position in shares of Deutsche Bank Aktiengesellschaft in the 3rd quarter worth about $43,000. Activest Wealth Management bought a new position in shares of Deutsche Bank Aktiengesellschaft in the 4th quarter worth about $86,000. Allworth Financial LP lifted its position in shares of Deutsche Bank Aktiengesellschaft by 3,738.1% in the 3rd quarter. Allworth Financial LP now owns 8,252 shares of the bank’s stock worth $143,000 after buying an additional 8,037 shares during the last quarter. Finally, Legacy Capital Group California Inc. bought a new stake in Deutsche Bank Aktiengesellschaft in the 3rd quarter valued at about $195,000. 27.90% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the stock. Barclays reiterated an “overweight” rating on shares of Deutsche Bank Aktiengesellschaft in a research report on Monday, February 3rd. Morgan Stanley reiterated an “overweight” rating on shares of Deutsche Bank Aktiengesellschaft in a research report on Monday, February 3rd. StockNews.com upgraded shares of Deutsche Bank Aktiengesellschaft from a “hold” rating to a “buy” rating in a research 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. Finally, Citigroup reiterated a “neutral” rating on shares of Deutsche Bank Aktiengesellschaft in a research report on Monday, February 3rd. Two research analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy”.

Deutsche Bank Aktiengesellschaft Stock Down 0.4 %

DB stock opened at $20.31 on Monday. The firm’s 50-day moving average is $18.64 and its two-hundred day moving average is $17.40. The company has a market capitalization of $40.45 billion, a price-to-earnings ratio of 14.61 and a beta of 1.22. 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 52 week low of $13.20 and a 52 week high of $20.96.

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%. On average, analysts forecast 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 disclosed an annual dividend, which will be paid on Tuesday, May 27th. Stockholders of record on Monday, May 26th will be paid a $0.5122 dividend. The ex-dividend date is Friday, May 23rd. This represents a dividend yield of 1.7%. This is a boost from Deutsche Bank Aktiengesellschaft’s previous annual dividend of $0.33. Deutsche Bank Aktiengesellschaft’s payout ratio is currently 51.08%.

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.