Deutsche Bank Aktiengesellschaft $DB Shares Bought by Fisher Asset Management LLC

Fisher Asset Management LLC raised its stake in Deutsche Bank Aktiengesellschaft (NYSE:DB) by 3.8% in the third quarter, HoldingsChannel reports. The institutional investor owned 26,432,006 shares of the bank’s stock after buying an additional 960,605 shares during the quarter. Fisher Asset Management LLC’s holdings in Deutsche Bank Aktiengesellschaft were worth $935,957,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of DB. Root Financial Partners LLC purchased a new position in Deutsche Bank Aktiengesellschaft in the 3rd quarter valued at approximately $27,000. Salomon & Ludwin LLC grew its holdings in Deutsche Bank Aktiengesellschaft by 2,807.4% in the third quarter. Salomon & Ludwin LLC now owns 785 shares of the bank’s stock valued at $28,000 after purchasing an additional 758 shares during the last quarter. Cary Street Partners Investment Advisory LLC increased its position in shares of Deutsche Bank Aktiengesellschaft by 61.8% in the third quarter. Cary Street Partners Investment Advisory LLC now owns 1,081 shares of the bank’s stock valued at $38,000 after buying an additional 413 shares in the last quarter. Westside Investment Management Inc. increased its position in shares of Deutsche Bank Aktiengesellschaft by 100.0% in the third quarter. Westside Investment Management Inc. now owns 1,186 shares of the bank’s stock valued at $42,000 after buying an additional 593 shares in the last quarter. Finally, Geneos Wealth Management Inc. raised its stake in shares of Deutsche Bank Aktiengesellschaft by 178.0% during the 2nd quarter. Geneos Wealth Management Inc. now owns 1,376 shares of the bank’s stock worth $40,000 after buying an additional 881 shares during the last quarter. Hedge funds and other institutional investors own 27.90% of the company’s stock.

Wall Street Analyst Weigh In

DB has been the topic of a number of research reports. Morgan Stanley reissued an “overweight” rating on shares of Deutsche Bank Aktiengesellschaft in a research note on Thursday, January 8th. Weiss Ratings reiterated a “buy (b)” rating on shares of Deutsche Bank Aktiengesellschaft in a research report on Wednesday, January 21st. Zacks Research downgraded Deutsche Bank Aktiengesellschaft from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, December 30th. Citigroup reaffirmed a “sell” rating on shares of Deutsche Bank Aktiengesellschaft in a research note on Thursday, January 22nd. Finally, Wall Street Zen raised Deutsche Bank Aktiengesellschaft from a “hold” rating to a “buy” rating in a research report on Saturday, December 20th. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold”.

Deutsche Bank Aktiengesellschaft Price Performance

DB stock opened at $35.38 on Monday. The company has a 50 day moving average price of $38.13 and a two-hundred day moving average price of $36.65. The company has a quick ratio of 0.78, a current ratio of 0.76 and a debt-to-equity ratio of 1.43. Deutsche Bank Aktiengesellschaft has a one year low of $18.89 and a one year high of $40.43.

Deutsche Bank Aktiengesellschaft (NYSE:DB) last posted its quarterly earnings data on Thursday, January 29th. The bank reported $0.88 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.72 by $0.16. The business had revenue of $8.99 billion for the quarter, compared to analysts’ expectations of $7.71 billion. Deutsche Bank Aktiengesellschaft had a return on equity of 7.49% and a net margin of 10.02%. As a group, sell-side analysts forecast that Deutsche Bank Aktiengesellschaft will post 2.93 EPS for the current fiscal year.

Deutsche Bank Aktiengesellschaft Increases Dividend

The business also recently announced an annual dividend, which will be paid on Tuesday, June 2nd. Investors of record on Monday, June 1st will be given a $1.00 dividend. This is a boost from Deutsche Bank Aktiengesellschaft’s previous annual dividend of $0.51. This represents a dividend yield of 251.0%. The ex-dividend date of this dividend is Monday, June 1st.

Deutsche Bank Aktiengesellschaft Company Profile

Deutsche Bank Aktiengesellschaft is a global banking and financial services company headquartered in Frankfurt, Germany. Founded in 1870 to support German foreign trade, the firm has grown into a full-service bank offering a wide range of banking, advisory and transaction services to corporate, institutional, and private clients. Over its history the bank has expanded internationally and developed capabilities across capital markets, investment banking, retail and commercial banking, and wealth management.

The bank’s core business activities include corporate and investment banking—covering financing, advisory, sales and trading, and capital markets services—along with private & commercial banking for individual and small-to-medium enterprise clients.