Deutsche Bank Aktiengesellschaft (NYSE:DB) Sees Significant Decline in Short Interest

Deutsche Bank Aktiengesellschaft (NYSE:DB) was the recipient of a large drop in short interest in March. As of March 15th, there was short interest totalling 8,260,000 shares, a drop of 18.5% from the February 28th total of 10,140,000 shares. Currently, 0.5% of the shares of the stock are sold short. Based on an average daily volume of 3,010,000 shares, the days-to-cover ratio is presently 2.7 days.

Deutsche Bank Aktiengesellschaft Stock Performance

Shares of DB stock opened at $23.86 on Tuesday. 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 capitalization of $47.53 billion, a price-to-earnings ratio of 17.16 and a beta of 1.23. Deutsche Bank Aktiengesellschaft has a one year low of $13.70 and a one year high of $25.33. The company has a 50 day moving average price of $21.64 and a 200 day moving average price of $18.80.

Deutsche Bank Aktiengesellschaft (NYSE:DB) last released its quarterly earnings data on Thursday, January 30th. The bank reported $0.16 EPS for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.27). Deutsche Bank Aktiengesellschaft had a return on equity of 3.90% and a net margin of 4.66%. Sell-side analysts anticipate that Deutsche Bank Aktiengesellschaft will post 2.93 EPS for the current year.

Deutsche Bank Aktiengesellschaft Increases Dividend

The company also recently disclosed 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 is Friday, May 23rd. Deutsche Bank Aktiengesellschaft’s dividend payout ratio (DPR) is 15.18%.

Analysts Set New Price Targets

A number of research analysts have issued reports on the stock. Royal Bank of Canada restated an “outperform” rating on shares of Deutsche Bank Aktiengesellschaft in a report on Monday, March 24th. Citigroup restated a “neutral” rating on shares of Deutsche Bank Aktiengesellschaft in a research report on Monday, February 3rd. The Goldman Sachs Group upgraded Deutsche Bank Aktiengesellschaft to a “strong-buy” rating in a report on Thursday, January 30th. Morgan Stanley restated an “overweight” rating on shares of Deutsche Bank Aktiengesellschaft in a report on Friday, March 7th. Finally, StockNews.com upgraded Deutsche Bank Aktiengesellschaft from a “hold” rating to a “buy” rating in a research report on Wednesday, February 5th. One equities research analyst has rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Buy”.

Institutional Trading of Deutsche Bank Aktiengesellschaft

A number of institutional investors have recently modified their holdings of the company. Venturi Wealth Management LLC lifted its position in Deutsche Bank Aktiengesellschaft by 1.6% during the fourth quarter. Venturi Wealth Management LLC now owns 32,990 shares of the bank’s stock valued at $562,000 after buying an additional 513 shares in the last quarter. Sequoia Financial Advisors LLC raised its stake in shares of Deutsche Bank Aktiengesellschaft by 3.9% in the 4th quarter. Sequoia Financial Advisors LLC now owns 14,189 shares of the bank’s stock valued at $242,000 after acquiring an additional 537 shares during the period. Truist Financial Corp lifted its holdings in shares of 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 in the last quarter. Cetera Investment Advisers boosted its position in Deutsche Bank Aktiengesellschaft by 3.9% during the 4th quarter. Cetera Investment Advisers now owns 19,438 shares of the bank’s stock worth $331,000 after purchasing an additional 738 shares during the period. Finally, Pitcairn Co. increased its holdings in Deutsche Bank Aktiengesellschaft by 5.7% in the 4th quarter. Pitcairn Co. now owns 13,742 shares of the bank’s stock valued at $234,000 after purchasing an additional 740 shares in the last quarter. Hedge funds and other institutional investors own 27.90% of the company’s stock.

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.