LGT Group Foundation Reduces Holdings in Deutsche Bank Aktiengesellschaft (NYSE:DB)

LGT Group Foundation trimmed its position in shares of Deutsche Bank Aktiengesellschaft (NYSE:DB) by 48.8% in the 4th quarter, Holdings Channel reports. The institutional investor owned 134,437 shares of the bank’s stock after selling 127,934 shares during the quarter. LGT Group Foundation’s holdings in Deutsche Bank Aktiengesellschaft were worth $2,315,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. DJE Kapital AG bought a new stake in shares of Deutsche Bank Aktiengesellschaft during the fourth quarter worth $198,000. Plato Investment Management Ltd lifted its position in shares of Deutsche Bank Aktiengesellschaft by 53.7% during the fourth quarter. Plato Investment Management Ltd now owns 383,517 shares of the bank’s stock worth $6,632,000 after purchasing an additional 133,960 shares during the last quarter. Jones Financial Companies Lllp lifted its position in shares of Deutsche Bank Aktiengesellschaft by 1,270.5% during the fourth quarter. Jones Financial Companies Lllp now owns 4,043 shares of the bank’s stock worth $69,000 after purchasing an additional 3,748 shares during the last quarter. Smartleaf Asset Management LLC lifted its position in shares of Deutsche Bank Aktiengesellschaft by 218.4% during the fourth quarter. Smartleaf Asset Management LLC now owns 7,278 shares of the bank’s stock worth $125,000 after purchasing an additional 4,992 shares during the last quarter. Finally, Metis Global Partners LLC lifted its position in shares of Deutsche Bank Aktiengesellschaft by 21.5% during the fourth quarter. Metis Global Partners LLC now owns 55,874 shares of the bank’s stock worth $963,000 after purchasing an additional 9,871 shares during the last quarter. 27.90% of the stock is owned by hedge funds and other institutional investors.

Deutsche Bank Aktiengesellschaft Stock Performance

DB stock opened at $21.58 on Tuesday. The business has a 50-day moving average price of $19.13 and a 200 day moving average price of $17.69. Deutsche Bank Aktiengesellschaft has a 1-year low of $13.57 and a 1-year high of $22.14. 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 company has a market capitalization of $42.99 billion, a P/E ratio of 15.53 and a beta of 1.22.

Deutsche Bank Aktiengesellschaft (NYSE:DB) last posted its earnings results 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 net margin of 4.66% and a return on equity of 3.90%. As a group, equities research analysts forecast that Deutsche Bank Aktiengesellschaft will post 2.93 EPS for the current fiscal year.

Deutsche Bank Aktiengesellschaft Increases Dividend

The business also recently announced 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 represents a yield of 1.7%. The ex-dividend date of this dividend is Friday, May 23rd. This is a positive change from Deutsche Bank Aktiengesellschaft’s previous annual dividend of $0.33. Deutsche Bank Aktiengesellschaft’s payout ratio is 15.18%.

Analysts Set New Price Targets

Several analysts have recently weighed in on the company. Morgan Stanley reiterated an “overweight” rating on shares of Deutsche Bank Aktiengesellschaft in a research report on Monday, February 3rd. StockNews.com upgraded Deutsche Bank Aktiengesellschaft from a “hold” rating to a “buy” rating in a report on Wednesday, February 5th. The Goldman Sachs Group upgraded Deutsche Bank Aktiengesellschaft to a “strong-buy” rating in a report on Thursday, January 30th. Barclays restated an “overweight” rating on shares of Deutsche Bank Aktiengesellschaft in a report on Monday, February 3rd. Finally, Citigroup restated a “neutral” rating on shares of Deutsche Bank Aktiengesellschaft in a report on Monday, February 3rd. Two analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company presently has an average 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.