Prudential PLC Purchases 35,938 Shares of Deutsche Bank Aktiengesellschaft (NYSE:DB)

Prudential PLC raised its position in shares of Deutsche Bank Aktiengesellschaft (NYSE:DB) by 19.9% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 216,985 shares of the bank’s stock after acquiring an additional 35,938 shares during the quarter. Prudential PLC’s holdings in Deutsche Bank Aktiengesellschaft were worth $3,737,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of DB. Venturi Wealth Management LLC raised its holdings in shares of 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 purchasing an additional 513 shares during the period. Sequoia Financial Advisors LLC increased its holdings in shares of Deutsche Bank Aktiengesellschaft by 3.9% during the fourth 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 in the last quarter. Truist Financial Corp lifted its holdings in shares of Deutsche Bank Aktiengesellschaft by 4.8% in the 4th quarter. Truist Financial Corp now owns 13,801 shares of the bank’s stock worth $235,000 after purchasing an additional 636 shares in the last quarter. Pitcairn Co. increased its stake in Deutsche Bank Aktiengesellschaft by 5.7% during 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. Finally, Bleakley Financial Group LLC raised its holdings in Deutsche Bank Aktiengesellschaft by 9.3% during the fourth quarter. Bleakley Financial Group LLC now owns 11,607 shares of the bank’s stock worth $198,000 after buying an additional 990 shares during the last quarter. 27.90% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

DB has been the subject of several recent research reports. StockNews.com raised shares of Deutsche Bank Aktiengesellschaft from a “hold” rating to a “buy” rating in a research report on Wednesday, February 5th. Barclays reissued an “overweight” rating on shares of Deutsche Bank Aktiengesellschaft in a 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. Royal Bank of Canada reiterated an “outperform” rating on shares of Deutsche Bank Aktiengesellschaft in a report on Monday, March 24th. Finally, Citigroup reiterated a “neutral” rating on shares of Deutsche Bank Aktiengesellschaft in a research note on Monday, February 3rd. One investment analyst has rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Buy”.

Deutsche Bank Aktiengesellschaft Price Performance

Shares of NYSE DB opened at $20.44 on Friday. The company has a quick ratio of 0.78, a current ratio of 0.74 and a debt-to-equity ratio of 1.45. The company has a market capitalization of $40.71 billion, a PE ratio of 14.70 and a beta of 1.03. The stock’s 50 day moving average price is $21.90 and its 200-day moving average price is $18.96. Deutsche Bank Aktiengesellschaft has a twelve month low of $13.70 and a twelve month high of $25.33.

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

Deutsche Bank Aktiengesellschaft Increases Dividend

The business also recently disclosed an annual dividend, which will be paid on Tuesday, May 27th. Investors of record on Monday, May 26th will be issued a dividend of $0.5122 per share. This represents a yield of 1.7%. 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. Deutsche Bank Aktiengesellschaft’s dividend payout ratio (DPR) is 15.18%.

Deutsche Bank Aktiengesellschaft 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.