Teachers Retirement System of The State of Kentucky Buys Shares of 141,500 Deutsche Bank Aktiengesellschaft $DB

Teachers Retirement System of The State of Kentucky purchased a new stake in shares of Deutsche Bank Aktiengesellschaft (NYSE:DB) during the 3rd quarter, Holdings Channel.com reports. The fund purchased 141,500 shares of the bank’s stock, valued at approximately $5,011,000.

Other large investors also recently modified their holdings of the company. Root Financial Partners LLC purchased a new stake in Deutsche Bank Aktiengesellschaft during the third quarter valued at $27,000. Salomon & Ludwin LLC increased its position in shares of Deutsche Bank Aktiengesellschaft by 2,807.4% during the 3rd 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% during the 3rd quarter. Cary Street Partners Investment Advisory LLC now owns 1,081 shares of the bank’s stock valued at $38,000 after purchasing an additional 413 shares during the last quarter. Westside Investment Management Inc. lifted its stake in shares of Deutsche Bank Aktiengesellschaft by 100.0% in the 3rd quarter. Westside Investment Management Inc. now owns 1,186 shares of the bank’s stock worth $42,000 after purchasing an additional 593 shares during the period. Finally, Geneos Wealth Management Inc. boosted its holdings in shares of Deutsche Bank Aktiengesellschaft by 178.0% in the second 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. Institutional investors own 27.90% of the company’s stock.

Wall Street Analyst Weigh In

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

Deutsche Bank Aktiengesellschaft Trading Up 1.0%

DB stock opened at $33.38 on Thursday. Deutsche Bank Aktiengesellschaft has a twelve month low of $18.89 and a twelve month high of $40.43. The company has a current ratio of 0.76, a quick ratio of 0.78 and a debt-to-equity ratio of 1.43. The business’s fifty day simple moving average is $37.79 and its two-hundred day simple moving average is $36.58.

Deutsche Bank Aktiengesellschaft (NYSE:DB) last issued its earnings results on Thursday, January 29th. The bank reported $0.88 EPS 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 7.49%. The business had revenue of $8.99 billion for the quarter, compared to analyst estimates of $7.71 billion. As a group, analysts predict that Deutsche Bank Aktiengesellschaft will post 2.93 earnings per share for the current year.

Deutsche Bank Aktiengesellschaft Increases Dividend

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

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.