Leuthold Group LLC boosted its stake in Deutsche Bank Aktiengesellschaft (NYSE:DB – Free Report) by 1,116.3% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 269,880 shares of the bank’s stock after acquiring an additional 247,692 shares during the quarter. Leuthold Group LLC’s holdings in Deutsche Bank Aktiengesellschaft were worth $4,601,000 at the end of the most recent reporting period.
Several other large investors have also recently bought and sold shares of DB. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of Deutsche Bank Aktiengesellschaft by 23.5% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,546,283 shares of the bank’s stock valued at $44,042,000 after acquiring an additional 483,788 shares in the last quarter. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH lifted its position in Deutsche Bank Aktiengesellschaft by 2.1% in the fourth quarter. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH now owns 2,286,316 shares of the bank’s stock worth $39,492,000 after purchasing an additional 46,192 shares during the period. Wellington Management Group LLP boosted its stake in Deutsche Bank Aktiengesellschaft by 332.0% during the 3rd quarter. Wellington Management Group LLP now owns 2,194,855 shares of the bank’s stock valued at $37,964,000 after purchasing an additional 1,686,776 shares in the last quarter. Public Employees Retirement System of Ohio acquired a new position in shares of Deutsche Bank Aktiengesellschaft during the 3rd quarter valued at $28,515,000. Finally, FMR LLC raised its stake in shares of Deutsche Bank Aktiengesellschaft by 13.7% in the 3rd quarter. FMR LLC now owns 1,647,327 shares of the bank’s stock worth $28,419,000 after buying an additional 198,404 shares in the last quarter. Institutional investors and hedge funds own 27.90% of the company’s stock.
Deutsche Bank Aktiengesellschaft Stock Down 0.4 %
Shares of Deutsche Bank Aktiengesellschaft stock opened at $20.31 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. Deutsche Bank Aktiengesellschaft has a 12-month low of $13.20 and a 12-month high of $20.96. The firm has a market capitalization of $40.45 billion, a PE ratio of 14.61 and a beta of 1.22. The stock’s fifty day moving average is $18.64 and its 200-day moving average is $17.36.
Deutsche Bank Aktiengesellschaft Increases Dividend
The company also recently disclosed an annual dividend, which will be paid on Tuesday, May 27th. Investors 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. The ex-dividend date is Friday, May 23rd. This represents a yield of 1.7%. Deutsche Bank Aktiengesellschaft’s dividend payout ratio (DPR) is currently 15.18%.
Analysts Set New Price Targets
Several brokerages recently weighed in on DB. StockNews.com raised Deutsche Bank Aktiengesellschaft from a “hold” rating to a “buy” rating in a research note on Wednesday, February 5th. The Goldman Sachs Group upgraded shares of Deutsche Bank Aktiengesellschaft to a “strong-buy” rating in a report on Thursday, January 30th. One research analyst has rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Buy”.
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.
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