Capital International Ltd. CA Increases Holdings in Deutsche Bank Aktiengesellschaft $DB

Capital International Ltd. CA increased its stake in shares of Deutsche Bank Aktiengesellschaft (NYSE:DB) by 2.9% in the third quarter, HoldingsChannel.com reports. The firm owned 844,157 shares of the bank’s stock after buying an additional 23,864 shares during the period. Deutsche Bank Aktiengesellschaft accounts for approximately 1.1% of Capital International Ltd. CA’s portfolio, making the stock its 23rd largest holding. Capital International Ltd. CA’s holdings in Deutsche Bank Aktiengesellschaft were worth $29,687,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also made changes to their positions in DB. Capital Group Investment Management PTE. LTD. lifted its stake in Deutsche Bank Aktiengesellschaft by 2.1% in the third quarter. Capital Group Investment Management PTE. LTD. now owns 176,146 shares of the bank’s stock valued at $6,199,000 after buying an additional 3,542 shares during the last quarter. Bank of Montreal Can grew its stake in Deutsche Bank Aktiengesellschaft by 1.4% during the third quarter. Bank of Montreal Can now owns 1,020,111 shares of the bank’s stock worth $36,949,000 after buying an additional 14,366 shares during the period. LGT Group Foundation boosted its position in Deutsche Bank Aktiengesellschaft by 6.6% in the 3rd quarter. LGT Group Foundation now owns 138,548 shares of the bank’s stock valued at $4,918,000 after buying an additional 8,540 shares during the last quarter. Russell Investments Group Ltd. boosted its stake in Deutsche Bank Aktiengesellschaft by 9.9% during the 3rd quarter. Russell Investments Group Ltd. now owns 3,287,750 shares of the bank’s stock valued at $115,759,000 after acquiring an additional 295,952 shares during the last quarter. Finally, Private Advisor Group LLC acquired a new position in Deutsche Bank Aktiengesellschaft in the third quarter worth $337,000. Hedge funds and other institutional investors own 27.90% of the company’s stock.

Deutsche Bank Aktiengesellschaft Trading Up 1.1%

Deutsche Bank Aktiengesellschaft stock opened at $31.59 on Tuesday. The company has a quick ratio of 0.78, a current ratio of 0.76 and a debt-to-equity ratio of 1.43. The business has a 50 day moving average price of $37.34 and a two-hundred day moving average price of $36.48. 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 posted its earnings results on Thursday, January 29th. The bank reported $0.88 earnings per share for the quarter, topping the consensus estimate of $0.72 by $0.16. The business had revenue of $8.99 billion for the quarter, compared to analyst estimates of $7.71 billion. Deutsche Bank Aktiengesellschaft had a net margin of 10.02% and a return on equity of 7.49%. Equities research analysts predict that Deutsche Bank Aktiengesellschaft will post 2.93 earnings per share for the current year.

Deutsche Bank Aktiengesellschaft Increases Dividend

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

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on DB. Citigroup reaffirmed a “sell” rating on shares of Deutsche Bank Aktiengesellschaft in a report on Thursday, January 22nd. Zacks Research cut shares of Deutsche Bank Aktiengesellschaft from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, December 30th. Wall Street Zen upgraded Deutsche Bank Aktiengesellschaft from a “hold” rating to a “buy” rating in a report on Saturday, December 20th. Weiss Ratings reiterated a “buy (b)” rating on shares of Deutsche Bank Aktiengesellschaft in a report on Wednesday, January 21st. Finally, Morgan Stanley reaffirmed an “overweight” rating on shares of Deutsche Bank Aktiengesellschaft in a research note on Thursday, January 8th. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, Deutsche Bank Aktiengesellschaft 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.