Stock Traders Purchase High Volume of Put Options on Deutsche Bank Aktiengesellschaft (NYSE:DB)

Deutsche Bank Aktiengesellschaft (NYSE:DB) was the recipient of some unusual options trading activity on Thursday. Stock investors purchased 6,637 put options on the company. This represents an increase of 216% compared to the average daily volume of 2,101 put options.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. grew its stake in shares of Deutsche Bank Aktiengesellschaft by 1.3% during the 4th quarter. Vanguard Group Inc. now owns 80,119,806 shares of the bank’s stock worth $3,087,737,000 after acquiring an additional 1,051,072 shares during the period. Amundi increased its stake in shares of Deutsche Bank Aktiengesellschaft by 8.7% in the fourth quarter. Amundi now owns 53,920,096 shares of the bank’s stock worth $2,079,159,000 after purchasing an additional 4,323,093 shares in the last quarter. Fisher Asset Management LLC raised its position in shares of Deutsche Bank Aktiengesellschaft by 3.7% in the fourth quarter. Fisher Asset Management LLC now owns 27,398,661 shares of the bank’s stock valued at $1,056,492,000 after purchasing an additional 966,655 shares during the period. Norges Bank purchased a new stake in shares of Deutsche Bank Aktiengesellschaft during the 2nd quarter valued at approximately $719,395,000. Finally, Legal & General Group Plc boosted its holdings in Deutsche Bank Aktiengesellschaft by 2.3% in the 4th quarter. Legal & General Group Plc now owns 14,664,607 shares of the bank’s stock worth $570,302,000 after buying an additional 332,004 shares during the period. Institutional investors own 27.90% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently weighed in on DB shares. Wall Street Zen cut shares of Deutsche Bank Aktiengesellschaft from a “buy” rating to a “hold” rating in a research report on Saturday, March 14th. Weiss Ratings restated a “buy (b)” rating on shares of Deutsche Bank Aktiengesellschaft in a report on Wednesday, January 21st. Citigroup reiterated a “sell” rating on shares of Deutsche Bank Aktiengesellschaft in a report on Thursday, January 22nd. Zacks Research downgraded shares of Deutsche Bank Aktiengesellschaft from a “strong-buy” rating to a “hold” rating in a report on Tuesday, December 30th. Finally, Morgan Stanley reiterated an “overweight” rating on shares of Deutsche Bank Aktiengesellschaft in a report on Thursday, January 8th. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, five have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, Deutsche Bank Aktiengesellschaft currently has an average rating of “Hold”.

Deutsche Bank Aktiengesellschaft Price Performance

Deutsche Bank Aktiengesellschaft stock traded down $0.48 during mid-day trading on Thursday, reaching $28.75. 990,804 shares of the company’s stock were exchanged, compared to its average volume of 3,341,380. The company has a debt-to-equity ratio of 1.39, a quick ratio of 1.10 and a current ratio of 1.10. The business’s fifty day simple moving average is $36.10 and its 200 day simple moving average is $36.19. 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 released 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 return on equity of 7.44% and a net margin of 10.02%.The company had revenue of $8.99 billion for the quarter, compared to analysts’ expectations of $7.71 billion. On average, analysts predict 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 disclosed an annual dividend, which will be paid on Tuesday, June 2nd. Shareholders of record on Monday, June 1st will be issued a dividend of $1.00 per share. This represents a yield of 251.0%. This is a positive change from Deutsche Bank Aktiengesellschaft’s previous annual dividend of $0.51. 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.