Bleakley Financial Group LLC Acquires 990 Shares of Deutsche Bank Aktiengesellschaft (NYSE:DB)

Bleakley Financial Group LLC lifted its holdings in shares of Deutsche Bank Aktiengesellschaft (NYSE:DB) by 9.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 11,607 shares of the bank’s stock after buying an additional 990 shares during the quarter. Bleakley Financial Group LLC’s holdings in Deutsche Bank Aktiengesellschaft were worth $198,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. Versant Capital Management Inc bought a new position in Deutsche Bank Aktiengesellschaft in the 4th quarter worth about $26,000. Wilmington Savings Fund Society FSB purchased a new stake in shares of Deutsche Bank Aktiengesellschaft in the third quarter worth about $43,000. Allworth Financial LP boosted its position in shares of Deutsche Bank Aktiengesellschaft by 3,738.1% in the third quarter. Allworth Financial LP now owns 8,252 shares of the bank’s stock valued at $143,000 after acquiring an additional 8,037 shares during the period. Legacy Capital Group California Inc. purchased a new position in Deutsche Bank Aktiengesellschaft during the third quarter valued at approximately $195,000. Finally, Truist Financial Corp increased its holdings in Deutsche Bank Aktiengesellschaft by 20.1% during the 2nd quarter. Truist Financial Corp now owns 12,449 shares of the bank’s stock worth $198,000 after acquiring an additional 2,087 shares during the period. 27.90% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research analysts have commented on the stock. StockNews.com raised shares of Deutsche Bank Aktiengesellschaft from a “hold” rating to a “buy” rating in a report on Wednesday, February 5th. The Goldman Sachs Group raised Deutsche Bank Aktiengesellschaft to a “strong-buy” rating in a research note on Thursday, January 30th. One analyst has rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Deutsche Bank Aktiengesellschaft has an average rating of “Buy”.

Deutsche Bank Aktiengesellschaft Stock Up 2.4 %

DB stock opened at $20.12 on Thursday. The company’s 50 day moving average is $18.29 and its 200 day moving average is $17.12. The stock has a market cap of $40.08 billion, a price-to-earnings ratio of 14.47 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 1-year low of $12.58 and a 1-year high of $20.45.

Deutsche Bank Aktiengesellschaft (NYSE:DB) last issued its quarterly earnings results 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 predict that Deutsche Bank Aktiengesellschaft will post 3.01 EPS for the current fiscal year.

Deutsche Bank Aktiengesellschaft Increases Dividend

The company also recently declared an annual dividend, which will be paid on Tuesday, May 27th. Shareholders 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 yield of 1.7%. Deutsche Bank Aktiengesellschaft’s dividend payout ratio (DPR) is presently 15.18%.

About Deutsche Bank Aktiengesellschaft

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.