Triasima Portfolio Management inc. Invests $1.60 Million in Deutsche Bank Aktiengesellschaft $DB

Triasima Portfolio Management inc. acquired a new position in Deutsche Bank Aktiengesellschaft (NYSE:DB) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 41,515 shares of the bank’s stock, valued at approximately $1,601,000.

Several other institutional investors have also recently made changes to their positions in the stock. TD Waterhouse Canada Inc. grew its position in shares of Deutsche Bank Aktiengesellschaft by 43.2% during the third quarter. TD Waterhouse Canada Inc. now owns 131,626 shares of the bank’s stock worth $4,673,000 after purchasing an additional 39,717 shares in the last quarter. Mediolanum International Funds Ltd grew its position in shares of Deutsche Bank Aktiengesellschaft by 50.8% during the third quarter. Mediolanum International Funds Ltd now owns 273,437 shares of the bank’s stock worth $9,632,000 after purchasing an additional 92,166 shares in the last quarter. Commerzbank Aktiengesellschaft FI grew its position in shares of Deutsche Bank Aktiengesellschaft by 574.0% during the third quarter. Commerzbank Aktiengesellschaft FI now owns 3,125,577 shares of the bank’s stock worth $110,677,000 after purchasing an additional 2,661,833 shares in the last quarter. ASR Vermogensbeheer N.V. grew its position in shares of Deutsche Bank Aktiengesellschaft by 25.9% during the third quarter. ASR Vermogensbeheer N.V. now owns 430,673 shares of the bank’s stock worth $15,156,000 after purchasing an additional 88,551 shares in the last quarter. Finally, Cibc World Market Inc. grew its position in shares of Deutsche Bank Aktiengesellschaft by 121.7% during the third quarter. Cibc World Market Inc. now owns 181,591 shares of the bank’s stock worth $6,381,000 after purchasing an additional 99,701 shares in the last quarter. Institutional investors own 27.90% of the company’s stock.

Analyst Ratings Changes

Several analysts recently issued reports on DB shares. Citigroup upgraded Deutsche Bank Aktiengesellschaft from a “sell” rating to a “hold” rating in a research report on Thursday, April 9th. Weiss Ratings reiterated a “buy (b)” rating on shares of Deutsche Bank Aktiengesellschaft in a research report on Monday, April 20th. Wall Street Zen cut Deutsche Bank Aktiengesellschaft from a “buy” rating to a “hold” rating in a research report on Saturday, March 14th. Barclays cut Deutsche Bank Aktiengesellschaft from an “overweight” rating to an “equal weight” rating in a research report on Monday, April 20th. Finally, Morgan Stanley restated an “overweight” rating on shares of Deutsche Bank Aktiengesellschaft in a report on Thursday, January 8th. Four equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat.com, Deutsche Bank Aktiengesellschaft presently has a consensus rating of “Hold”.

Deutsche Bank Aktiengesellschaft Stock Performance

NYSE DB opened at $31.13 on Monday. The stock has a market capitalization of $60.39 billion, a PE ratio of 8.58, a P/E/G ratio of 0.40 and a beta of 0.94. The business has a 50 day simple moving average of $31.70 and a two-hundred day simple moving average of $35.18. The company has a debt-to-equity ratio of 1.40, a current ratio of 0.74 and a quick ratio of 0.74. Deutsche Bank Aktiengesellschaft has a 1-year low of $26.51 and a 1-year high of $40.43.

Deutsche Bank Aktiengesellschaft (NYSE:DB) last released its quarterly earnings results on Wednesday, April 29th. The bank reported $1.24 earnings per share for the quarter, beating the consensus estimate of $1.15 by $0.09. The business had revenue of $10.02 billion during the quarter, compared to analysts’ expectations of $9.85 billion. Deutsche Bank Aktiengesellschaft had a return on equity of 7.69% and a net margin of 10.43%. On average, research analysts predict that Deutsche Bank Aktiengesellschaft will post 4.05 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. Stockholders of record on Friday, May 29th will be issued a $1.00 dividend. This is a positive change from Deutsche Bank Aktiengesellschaft’s previous annual dividend of $0.51. The ex-dividend date is Friday, May 29th. This represents a dividend yield of 251.0%.

About Deutsche Bank Aktiengesellschaft

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.