Allianz Asset Management GmbH Cuts Stock Holdings in Deutsche Bank Aktiengesellschaft (NYSE:DB)

Allianz Asset Management GmbH lowered its stake in shares of Deutsche Bank Aktiengesellschaft (NYSE:DB) by 10.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,596,448 shares of the bank’s stock after selling 188,947 shares during the period. Allianz Asset Management GmbH owned approximately 0.08% of Deutsche Bank Aktiengesellschaft worth $27,508,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Creative Planning increased its position in shares of Deutsche Bank Aktiengesellschaft by 26.1% in the third quarter. Creative Planning now owns 143,117 shares of the bank’s stock worth $2,477,000 after acquiring an additional 29,622 shares in the last quarter. Raymond James & Associates increased its position in shares of Deutsche Bank Aktiengesellschaft by 30.4% in the third quarter. Raymond James & Associates now owns 336,986 shares of the bank’s stock worth $5,833,000 after acquiring an additional 78,517 shares in the last quarter. Legacy Capital Group California Inc. acquired a new stake in shares of Deutsche Bank Aktiengesellschaft in the third quarter worth $195,000. Allworth Financial LP increased 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 worth $143,000 after acquiring an additional 8,037 shares in the last quarter. Finally, Vanderbilt University acquired a new stake in shares of Deutsche Bank Aktiengesellschaft in the third quarter worth $525,000. Hedge funds and other institutional investors own 27.90% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the stock. Citigroup reissued a “neutral” rating on shares of Deutsche Bank Aktiengesellschaft in a research report on Monday, February 3rd. Barclays reissued an “overweight” rating on shares of Deutsche Bank Aktiengesellschaft in a research report on Monday, February 3rd. 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 shares of Deutsche Bank Aktiengesellschaft to a “strong-buy” rating in a report on Thursday, January 30th. Finally, Morgan Stanley reaffirmed an “overweight” 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 assigned a strong buy rating to the stock. According to MarketBeat.com, Deutsche Bank Aktiengesellschaft has an average rating of “Moderate Buy”.

Deutsche Bank Aktiengesellschaft Price Performance

DB opened at $20.31 on Monday. The company has a fifty day simple moving average of $18.64 and a 200 day simple moving average of $17.40. The firm has a market cap of $40.45 billion, a price-to-earnings ratio of 14.61 and a beta of 1.22. Deutsche Bank Aktiengesellschaft has a twelve month low of $13.20 and a twelve month high of $20.96. 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 (NYSE:DB) last announced its quarterly earnings data 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 return on equity of 3.90% and a net margin of 4.66%. Equities research analysts expect that Deutsche Bank Aktiengesellschaft will post 2.93 EPS for the current fiscal year.

Deutsche Bank Aktiengesellschaft Increases Dividend

The business also recently disclosed an annual dividend, which will be paid on Tuesday, May 27th. Shareholders of record on Monday, May 26th will be issued a dividend of $0.5122 per share. 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’s dividend payout ratio (DPR) is currently 51.08%.

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.