Allspring Global Investments Holdings LLC Purchases 30,946 Shares of Deutsche Bank Aktiengesellschaft (NYSE:DB)

Allspring Global Investments Holdings LLC boosted its holdings in shares of Deutsche Bank Aktiengesellschaft (NYSE:DB) by 4.4% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 730,543 shares of the bank’s stock after purchasing an additional 30,946 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in Deutsche Bank Aktiengesellschaft were worth $12,582,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently made changes to their positions in the company. Bleakley Financial Group LLC grew its holdings in shares of Deutsche Bank Aktiengesellschaft by 9.3% in the fourth quarter. Bleakley Financial Group LLC now owns 11,607 shares of the bank’s stock valued at $198,000 after purchasing an additional 990 shares during the period. Park Avenue Securities LLC boosted its stake in Deutsche Bank Aktiengesellschaft by 5.1% during the fourth quarter. Park Avenue Securities LLC now owns 23,083 shares of the bank’s stock worth $394,000 after buying an additional 1,113 shares during the period. Versant Capital Management Inc purchased a new position in Deutsche Bank Aktiengesellschaft during the fourth quarter worth about $26,000. US Bancorp DE boosted its stake in Deutsche Bank Aktiengesellschaft by 3.5% during the third quarter. US Bancorp DE now owns 46,587 shares of the bank’s stock worth $806,000 after buying an additional 1,590 shares during the period. Finally, Atomi Financial Group Inc. boosted its stake in Deutsche Bank Aktiengesellschaft by 9.7% during the fourth quarter. Atomi Financial Group Inc. now owns 19,810 shares of the bank’s stock worth $338,000 after buying an additional 1,749 shares during the period. 27.90% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

DB has been the subject of several research analyst reports. StockNews.com raised shares of Deutsche Bank Aktiengesellschaft from a “hold” rating to a “buy” rating in a research note on Wednesday, February 5th. The Goldman Sachs Group raised shares of Deutsche Bank Aktiengesellschaft to a “strong-buy” rating in a research note on Thursday, January 30th. One equities research analyst has rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Deutsche Bank Aktiengesellschaft has a consensus rating of “Buy”.

Deutsche Bank Aktiengesellschaft Stock Up 1.3 %

Shares of DB opened at $20.21 on Tuesday. The stock has a market capitalization of $40.25 billion, a PE ratio of 14.54 and a beta of 1.22. Deutsche Bank Aktiengesellschaft has a 1 year low of $12.75 and a 1 year high of $20.45. 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 company’s 50-day simple moving average is $18.43 and its 200-day simple moving average is $17.23.

Deutsche Bank Aktiengesellschaft (NYSE:DB) last issued its earnings results 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 3.01 earnings per share for the current fiscal year.

Deutsche Bank Aktiengesellschaft Increases Dividend

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

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.