Franklin Resources Inc. Buys 8,617,662 Shares of Deutsche Bank Aktiengesellschaft (NYSE:DB)

Franklin Resources Inc. raised its stake in shares of Deutsche Bank Aktiengesellschaft (NYSE:DB) by 199.8% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 12,931,689 shares of the bank’s stock after purchasing an additional 8,617,662 shares during the quarter. Franklin Resources Inc. owned 0.65% of Deutsche Bank Aktiengesellschaft worth $222,715,000 as of its most recent filing with the SEC.

A number of other large investors have also made changes to their positions in the stock. Charles Schwab Investment Management Inc. increased its position in shares of Deutsche Bank Aktiengesellschaft by 16.6% during the third quarter. Charles Schwab Investment Management Inc. now owns 143,505 shares of the bank’s stock valued at $2,484,000 after purchasing an additional 20,478 shares during the period. Cerity Partners LLC lifted its holdings in shares of Deutsche Bank Aktiengesellschaft by 77.2% during the 3rd quarter. Cerity Partners LLC now owns 98,381 shares of the bank’s stock worth $1,703,000 after acquiring an additional 42,860 shares during the period. FMR LLC boosted its position in shares of Deutsche Bank Aktiengesellschaft by 13.7% during the 3rd quarter. FMR LLC now owns 1,647,327 shares of the bank’s stock valued at $28,419,000 after acquiring an additional 198,404 shares in the last quarter. Townsquare Capital LLC bought a new position in Deutsche Bank Aktiengesellschaft during the third quarter worth about $273,000. Finally, Verition Fund Management LLC bought a new stake in shares of Deutsche Bank Aktiengesellschaft in the 3rd quarter valued at approximately $735,000. Institutional investors and hedge funds own 27.90% of the company’s stock.

Deutsche Bank Aktiengesellschaft Trading Up 0.7 %

NYSE:DB opened at $24.01 on Wednesday. The business’s 50-day simple moving average is $21.73 and its 200-day simple moving average is $18.85. Deutsche Bank Aktiengesellschaft has a fifty-two week low of $13.70 and a fifty-two week high of $25.33. The stock has a market capitalization of $47.82 billion, a PE ratio of 17.27 and a beta of 1.23. The company has a debt-to-equity ratio of 1.45, a current ratio of 0.74 and a quick ratio of 0.78.

Deutsche Bank Aktiengesellschaft (NYSE:DB) last announced its earnings results 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%. Sell-side 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 announced 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 is a boost from Deutsche Bank Aktiengesellschaft’s previous annual dividend of $0.33. The ex-dividend date of this dividend is Friday, May 23rd. This represents a yield of 1.7%. Deutsche Bank Aktiengesellschaft’s dividend payout ratio is presently 15.18%.

Wall Street Analyst Weigh In

DB has been the topic of several recent analyst reports. Royal Bank of Canada reaffirmed an “outperform” rating on shares of Deutsche Bank Aktiengesellschaft in a research note on Monday, March 24th. The Goldman Sachs Group raised shares of Deutsche Bank Aktiengesellschaft to a “strong-buy” rating in a research note on Thursday, January 30th. Citigroup reiterated a “neutral” rating on shares of Deutsche Bank Aktiengesellschaft in a research report on Monday, February 3rd. Barclays restated an “overweight” rating on shares of Deutsche Bank Aktiengesellschaft in a research report on Monday, February 3rd. Finally, StockNews.com upgraded shares of Deutsche Bank Aktiengesellschaft from a “hold” rating to a “buy” rating in a research report on Wednesday, February 5th. One investment analyst has rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock presently 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.