M&G PLC Takes Position in Deutsche Bank Aktiengesellschaft $DB

M&G PLC bought a new position in shares of Deutsche Bank Aktiengesellschaft (NYSE:DB) during the third quarter, Holdings Channel.com reports. The fund bought 38,339 shares of the bank’s stock, valued at approximately $1,350,000.

Several other hedge funds have also added to or reduced their stakes in DB. Root Financial Partners LLC acquired a new position in shares of Deutsche Bank Aktiengesellschaft in the third quarter valued at $27,000. Salomon & Ludwin LLC grew its stake in Deutsche Bank Aktiengesellschaft by 2,807.4% in the 3rd quarter. Salomon & Ludwin LLC now owns 785 shares of the bank’s stock valued at $28,000 after buying an additional 758 shares during the last quarter. Westside Investment Management Inc. raised its holdings in Deutsche Bank Aktiengesellschaft by 100.0% in the 3rd quarter. Westside Investment Management Inc. now owns 1,186 shares of the bank’s stock valued at $42,000 after acquiring an additional 593 shares during the period. Geneos Wealth Management Inc. lifted its position in Deutsche Bank Aktiengesellschaft by 178.0% during the second quarter. Geneos Wealth Management Inc. now owns 1,376 shares of the bank’s stock worth $40,000 after acquiring an additional 881 shares during the last quarter. Finally, MAI Capital Management boosted its holdings in shares of Deutsche Bank Aktiengesellschaft by 385.1% during the second quarter. MAI Capital Management now owns 1,824 shares of the bank’s stock worth $53,000 after acquiring an additional 1,448 shares during the period. Institutional investors and hedge funds own 27.90% of the company’s stock.

Deutsche Bank Aktiengesellschaft Stock Up 1.8%

Shares of NYSE:DB opened at $35.93 on Wednesday. The company has a debt-to-equity ratio of 1.43, a quick ratio of 0.78 and a current ratio of 0.76. The firm has a 50 day moving average of $38.41 and a 200-day moving average of $36.61. Deutsche Bank Aktiengesellschaft has a 12 month low of $18.89 and a 12 month high of $40.43.

Deutsche Bank Aktiengesellschaft (NYSE:DB) last announced its quarterly earnings data on Thursday, January 29th. The bank reported $0.88 earnings per share (EPS) for the quarter, beating 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 analysts’ expectations of $7.71 billion. As a group, equities research analysts expect that Deutsche Bank Aktiengesellschaft will post 2.93 EPS for the current year.

Deutsche Bank Aktiengesellschaft Increases Dividend

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

Wall Street Analyst Weigh In

Several analysts recently weighed in on the company. Morgan Stanley reissued an “overweight” rating on shares of Deutsche Bank Aktiengesellschaft in a report on Thursday, January 8th. Citigroup reiterated a “sell” rating on shares of Deutsche Bank Aktiengesellschaft in a research report on Thursday, January 22nd. Weiss Ratings reissued a “buy (b)” rating on shares of Deutsche Bank Aktiengesellschaft in a research report on Wednesday, January 21st. Zacks Research lowered shares of Deutsche Bank Aktiengesellschaft from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, December 30th. Finally, Wall Street Zen raised shares of Deutsche Bank Aktiengesellschaft from a “hold” rating to a “buy” rating in a report on Saturday, December 20th. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold”.

Deutsche Bank Aktiengesellschaft 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.