Munich Reinsurance Co Stock Corp in Munich Invests $58.07 Million in Deutsche Bank Aktiengesellschaft $DB

Munich Reinsurance Co Stock Corp in Munich purchased a new stake in shares of Deutsche Bank Aktiengesellschaft (NYSE:DB) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 1,650,060 shares of the bank’s stock, valued at approximately $58,068,000. Deutsche Bank Aktiengesellschaft accounts for approximately 1.5% of Munich Reinsurance Co Stock Corp in Munich’s investment portfolio, making the stock its 27th largest holding. Munich Reinsurance Co Stock Corp in Munich owned approximately 0.08% of Deutsche Bank Aktiengesellschaft at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of DB. HUB Investment Partners LLC increased its stake in Deutsche Bank Aktiengesellschaft by 8.3% during the 3rd quarter. HUB Investment Partners LLC now owns 13,244 shares of the bank’s stock valued at $469,000 after buying an additional 1,010 shares during the period. Legacy Capital Group California Inc. lifted its stake in shares of Deutsche Bank Aktiengesellschaft by 2.2% in the 3rd quarter. Legacy Capital Group California Inc. now owns 12,368 shares of the bank’s stock worth $438,000 after acquiring an additional 264 shares during the period. Crossmark Global Holdings Inc. increased its stake in shares of Deutsche Bank Aktiengesellschaft by 3.4% during the third quarter. Crossmark Global Holdings Inc. now owns 173,450 shares of the bank’s stock valued at $6,142,000 after acquiring an additional 5,724 shares during the period. Orion Porfolio Solutions LLC raised its holdings in Deutsche Bank Aktiengesellschaft by 22.1% during the third quarter. Orion Porfolio Solutions LLC now owns 26,557 shares of the bank’s stock worth $940,000 after purchasing an additional 4,804 shares in the last quarter. Finally, Insigneo Advisory Services LLC acquired a new stake in Deutsche Bank Aktiengesellschaft in the third quarter worth approximately $320,000. Institutional investors and hedge funds own 27.90% of the company’s stock.

Deutsche Bank Aktiengesellschaft Trading Down 3.7%

NYSE:DB opened at $31.27 on Friday. The stock has a fifty day simple moving average of $37.48 and a 200 day simple moving average of $36.52. Deutsche Bank Aktiengesellschaft has a 1-year low of $18.89 and a 1-year 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.

Deutsche Bank Aktiengesellschaft (NYSE:DB) last posted its quarterly earnings data on Thursday, January 29th. The bank reported $0.88 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 company had revenue of $8.99 billion during the quarter, compared to analyst estimates of $7.71 billion. Equities 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 declared an annual dividend, which will be paid on Tuesday, June 2nd. Investors of record on Monday, June 1st will be given a $1.00 dividend. This is a boost from Deutsche Bank Aktiengesellschaft’s previous annual dividend of $0.51. The ex-dividend date is Monday, June 1st. This represents a dividend yield of 251.0%.

Wall Street Analyst Weigh In

DB has been the topic of a number of research analyst reports. Citigroup reaffirmed a “sell” rating on shares of Deutsche Bank Aktiengesellschaft in a report on Thursday, January 22nd. Morgan Stanley restated an “overweight” rating on shares of Deutsche Bank Aktiengesellschaft in a research report on Thursday, January 8th. Weiss Ratings reiterated a “buy (b)” rating on shares of Deutsche Bank Aktiengesellschaft in a report on Wednesday, January 21st. Wall Street Zen raised shares of Deutsche Bank Aktiengesellschaft from a “hold” rating to a “buy” rating in a research note on Saturday, December 20th. Finally, Zacks Research cut shares of Deutsche Bank Aktiengesellschaft from a “strong-buy” rating to a “hold” rating in a report on Tuesday, December 30th. One investment 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 given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Deutsche Bank Aktiengesellschaft currently has a consensus 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.