Russell Investments Group Ltd. Acquires 715,798 Shares of Deutsche Bank Aktiengesellschaft (NYSE:DB)

Russell Investments Group Ltd. boosted its holdings in Deutsche Bank Aktiengesellschaft (NYSE:DB) by 19.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 4,339,113 shares of the bank’s stock after purchasing an additional 715,798 shares during the period. Russell Investments Group Ltd. owned approximately 0.22% of Deutsche Bank Aktiengesellschaft worth $74,729,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the business. Venturi Wealth Management LLC boosted 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 worth $562,000 after purchasing an additional 513 shares during the period. Sequoia Financial Advisors LLC raised its position in shares of Deutsche Bank Aktiengesellschaft by 3.9% in the 4th quarter. Sequoia Financial Advisors LLC now owns 14,189 shares of the bank’s stock worth $242,000 after purchasing an additional 537 shares during the last quarter. Truist Financial Corp grew its holdings in shares of Deutsche Bank Aktiengesellschaft by 4.8% during the fourth quarter. Truist Financial Corp now owns 13,801 shares of the bank’s stock valued at $235,000 after buying an additional 636 shares during the last quarter. Pitcairn Co. increased its holdings in Deutsche Bank Aktiengesellschaft by 5.7% in the 4th quarter. Pitcairn Co. now owns 13,742 shares of the bank’s stock worth $234,000 after buying an additional 740 shares in the last quarter. Finally, Bleakley Financial Group LLC boosted its holdings in shares of Deutsche Bank Aktiengesellschaft by 9.3% during the 4th quarter. Bleakley Financial Group LLC now owns 11,607 shares of the bank’s stock valued at $198,000 after acquiring an additional 990 shares during the last quarter. 27.90% of the stock is currently owned by hedge funds and other institutional investors.

Deutsche Bank Aktiengesellschaft Trading Down 10.7 %

Shares of DB opened at $20.44 on Friday. Deutsche Bank Aktiengesellschaft has a 1 year low of $13.70 and a 1 year high of $25.33. The company has a 50 day simple moving average of $21.90 and a two-hundred day simple moving average of $18.96. 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 firm has a market cap of $40.71 billion, a P/E ratio of 14.70 and a beta of 1.03.

Deutsche Bank Aktiengesellschaft (NYSE:DB) last posted its 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%. On average, equities analysts expect that Deutsche Bank Aktiengesellschaft will post 2.93 earnings per share for the current fiscal year.

Deutsche Bank Aktiengesellschaft Increases Dividend

The firm also recently declared an annual dividend, which will be paid on Tuesday, May 27th. Investors of record on Monday, May 26th will be given a $0.5122 dividend. This represents a yield of 1.7%. The ex-dividend date is Friday, May 23rd. This is a boost from Deutsche Bank Aktiengesellschaft’s previous annual dividend of $0.33. Deutsche Bank Aktiengesellschaft’s payout ratio is currently 15.18%.

Analyst Upgrades and Downgrades

DB has been the topic of several research reports. StockNews.com raised Deutsche Bank Aktiengesellschaft from a “hold” rating to a “buy” rating in a research report on Wednesday, February 5th. The Goldman Sachs Group upgraded shares of Deutsche Bank Aktiengesellschaft to a “strong-buy” rating in a research note on Thursday, January 30th. Barclays reaffirmed an “overweight” rating on shares of Deutsche Bank Aktiengesellschaft in a report on Monday, February 3rd. Morgan Stanley reiterated an “overweight” rating on shares of Deutsche Bank Aktiengesellschaft in a research note on Friday, March 7th. Finally, Citigroup reiterated a “neutral” rating on shares of Deutsche Bank Aktiengesellschaft in a research report on Monday, February 3rd. One equities research analyst has rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy”.

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.