Deutsche Bank Aktiengesellschaft (NYSE:DB) Sees Significant Decline in Short Interest

Deutsche Bank Aktiengesellschaft (NYSE:DB) was the target of a significant decrease in short interest during the month of February. As of February 27th, there was short interest totaling 5,435,465 shares, a decrease of 15.3% from the February 12th total of 6,414,347 shares. Based on an average trading volume of 2,967,614 shares, the days-to-cover ratio is presently 1.8 days. Based on an average trading volume of 2,967,614 shares, the days-to-cover ratio is presently 1.8 days.

Deutsche Bank Aktiengesellschaft Stock Performance

Shares of Deutsche Bank Aktiengesellschaft stock traded up $1.00 on Monday, reaching $29.96. The company had a trading volume of 527,968 shares, compared to its average volume of 3,245,172. The firm’s 50 day moving average price is $36.66 and its two-hundred day moving average price is $36.31. The company has a debt-to-equity ratio of 1.39, a current ratio of 1.10 and a quick ratio of 1.10. Deutsche Bank Aktiengesellschaft has a 52-week low of $18.89 and a 52-week 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 for the quarter, topping analysts’ consensus estimates of $0.72 by $0.16. Deutsche Bank Aktiengesellschaft had a net margin of 10.02% and a return on equity of 7.44%. The firm had revenue of $8.99 billion during the quarter, compared to analysts’ expectations of $7.71 billion. As a group, sell-side analysts forecast that Deutsche Bank Aktiengesellschaft will post 2.93 earnings per share for the current fiscal year.

Deutsche Bank Aktiengesellschaft Increases Dividend

The company also recently declared an annual dividend, which will be paid on Tuesday, June 2nd. Stockholders of record on Monday, June 1st will be given a dividend of $1.00 per share. This is an increase from Deutsche Bank Aktiengesellschaft’s previous annual dividend of $0.51. This represents a dividend yield of 251.0%. The ex-dividend date is Monday, June 1st.

Institutional Investors Weigh In On Deutsche Bank Aktiengesellschaft

Institutional investors and hedge funds have recently modified their holdings of the company. Root Financial Partners LLC purchased a new position in Deutsche Bank Aktiengesellschaft during the 3rd quarter valued at about $27,000. Salomon & Ludwin LLC increased its stake in Deutsche Bank Aktiengesellschaft by 2,807.4% during the third quarter. Salomon & Ludwin LLC now owns 785 shares of the bank’s stock worth $28,000 after purchasing an additional 758 shares during the period. Triumph Capital Management acquired a new stake in shares of Deutsche Bank Aktiengesellschaft during the third quarter worth about $32,000. Cary Street Partners Investment Advisory LLC lifted its position in shares of Deutsche Bank Aktiengesellschaft by 61.8% during the third quarter. Cary Street Partners Investment Advisory LLC now owns 1,081 shares of the bank’s stock worth $38,000 after purchasing an additional 413 shares in the last quarter. Finally, Westside Investment Management Inc. boosted its stake 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 purchasing an additional 593 shares during the period. 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 analyst reports. Wall Street Zen lowered Deutsche Bank Aktiengesellschaft from a “buy” rating to a “hold” rating in a research note on Saturday. Citigroup reissued a “sell” rating on shares of Deutsche Bank Aktiengesellschaft in a research note on Thursday, January 22nd. Morgan Stanley restated an “overweight” rating on shares of Deutsche Bank Aktiengesellschaft in a report on Thursday, January 8th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Deutsche Bank Aktiengesellschaft in a report on Wednesday, January 21st. Finally, Zacks Research cut shares of Deutsche Bank Aktiengesellschaft from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, December 30th. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold”.

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.