Russell Investments Group Ltd. Raises Position in Deutsche Bank Aktiengesellschaft (NYSE:DB)

Russell Investments Group Ltd. grew its stake in Deutsche Bank Aktiengesellschaft (NYSE:DB) by 19.8% in the 4th quarter, Holdings Channel.com reports. The firm owned 4,339,113 shares of the bank’s stock after purchasing an additional 715,798 shares during the period. Russell Investments Group Ltd.’s holdings in Deutsche Bank Aktiengesellschaft were worth $74,729,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of DB. Norges Bank purchased a new stake in Deutsche Bank Aktiengesellschaft during the 4th quarter valued at $773,016,000. Franklin Resources Inc. raised its stake in shares of Deutsche Bank Aktiengesellschaft by 199.8% in the fourth quarter. Franklin Resources Inc. now owns 12,931,689 shares of the bank’s stock valued at $222,715,000 after acquiring an additional 8,617,662 shares during the period. Amundi lifted its holdings in shares of Deutsche Bank Aktiengesellschaft by 23.6% in the 4th quarter. Amundi now owns 39,176,325 shares of the bank’s stock worth $678,926,000 after acquiring an additional 7,484,594 shares during the last quarter. Grantham Mayo Van Otterloo & Co. LLC boosted its stake in shares of Deutsche Bank Aktiengesellschaft by 72.3% during the 4th quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 5,400,467 shares of the bank’s stock worth $93,054,000 after purchasing an additional 2,266,996 shares during the period. Finally, Wellington Management Group LLP grew its holdings in Deutsche Bank Aktiengesellschaft by 332.0% during 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 last quarter. Hedge funds and other institutional investors own 27.90% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have issued reports on DB shares. StockNews.com upgraded Deutsche Bank Aktiengesellschaft from a “hold” rating to a “buy” rating in a research report on Wednesday, February 5th. Citigroup reaffirmed 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 research report on Thursday, January 30th. Royal Bank of Canada restated an “outperform” rating on shares of Deutsche Bank Aktiengesellschaft in a report on Monday, March 24th. Finally, Morgan Stanley reiterated an “overweight” rating on shares of Deutsche Bank Aktiengesellschaft in a report on Friday, March 7th. One investment analyst has rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Buy”.

Deutsche Bank Aktiengesellschaft Trading Down 10.7 %

DB opened at $20.44 on Friday. Deutsche Bank Aktiengesellschaft has a 52 week low of $13.70 and a 52 week high of $25.33. The company has a market capitalization of $40.71 billion, a P/E ratio of 14.70 and a beta of 1.03. The stock’s fifty day moving average is $21.90 and its two-hundred day moving average is $18.96. The company has a quick ratio of 0.78, a current ratio of 0.74 and a debt-to-equity ratio of 1.45.

Deutsche Bank Aktiengesellschaft (NYSE:DB) last released its quarterly earnings data 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%. Analysts forecast that Deutsche Bank Aktiengesellschaft will post 2.93 earnings per share for the current 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 dividend of $0.5122 per share. The ex-dividend date of this dividend is Friday, May 23rd. This is an increase from Deutsche Bank Aktiengesellschaft’s previous annual dividend of $0.33. This represents a dividend yield of 1.7%. Deutsche Bank Aktiengesellschaft’s dividend payout ratio (DPR) is currently 15.18%.

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.