Truist Financial Corp Sells 39,404 Shares of Deutsche Bank Aktiengesellschaft $DB

Truist Financial Corp cut its stake in Deutsche Bank Aktiengesellschaft (NYSE:DB) by 69.4% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 17,412 shares of the bank’s stock after selling 39,404 shares during the period. Truist Financial Corp’s holdings in Deutsche Bank Aktiengesellschaft were worth $617,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Root Financial Partners LLC bought a new position in Deutsche Bank Aktiengesellschaft in the 3rd quarter worth about $27,000. Salomon & Ludwin LLC boosted its holdings in shares of Deutsche Bank Aktiengesellschaft by 2,807.4% in the third quarter. Salomon & Ludwin LLC now owns 785 shares of the bank’s stock valued at $28,000 after purchasing an additional 758 shares during the period. Geneos Wealth Management Inc. boosted its holdings in shares of Deutsche Bank Aktiengesellschaft by 178.0% in the second quarter. Geneos Wealth Management Inc. now owns 1,376 shares of the bank’s stock valued at $40,000 after purchasing an additional 881 shares during the period. MAI Capital Management grew its stake in Deutsche Bank Aktiengesellschaft by 385.1% in the second quarter. MAI Capital Management now owns 1,824 shares of the bank’s stock worth $53,000 after purchasing an additional 1,448 shares in the last quarter. Finally, Allworth Financial LP increased its holdings in Deutsche Bank Aktiengesellschaft by 54.0% during the 2nd quarter. Allworth Financial LP now owns 2,143 shares of the bank’s stock worth $63,000 after purchasing an additional 751 shares during the period. Institutional investors own 27.90% of the company’s stock.

Deutsche Bank Aktiengesellschaft Stock Down 0.7%

NYSE:DB opened at $37.35 on Thursday. The company’s 50-day simple moving average is $38.47 and its 200-day simple moving average is $36.50. The company has a debt-to-equity ratio of 1.43, a quick ratio of 0.78 and a current ratio of 0.76. Deutsche Bank Aktiengesellschaft has a fifty-two week low of $18.89 and a fifty-two week high of $40.43. The stock has a market capitalization of $74.39 billion, a P/E ratio of 10.89, a P/E/G ratio of 0.34 and a beta of 0.95.

Deutsche Bank Aktiengesellschaft (NYSE:DB) last posted its earnings results on Thursday, January 29th. The bank reported $0.88 EPS for the quarter, beating analysts’ consensus estimates of $0.72 by $0.16. The company had revenue of $8.99 billion during the quarter, compared to analysts’ expectations of $7.71 billion. Deutsche Bank Aktiengesellschaft had a net margin of 10.02% and a return on equity of 7.49%. On average, equities analysts anticipate that Deutsche Bank Aktiengesellschaft will post 2.93 earnings per share for the current fiscal year.

Deutsche Bank Aktiengesellschaft Increases Dividend

The firm also recently disclosed an annual dividend, which will be paid on Tuesday, June 2nd. Stockholders of record on Monday, June 1st will be given a $1.00 dividend. This represents a dividend yield of 251.0%. The ex-dividend date of this dividend is Monday, June 1st. This is a positive change from Deutsche Bank Aktiengesellschaft’s previous annual dividend of $0.51. Deutsche Bank Aktiengesellschaft’s payout ratio is 6.15%.

Analyst Ratings Changes

DB has been the subject of several research reports. Zacks Research cut Deutsche Bank Aktiengesellschaft from a “strong-buy” rating to a “hold” rating in a report on Tuesday, December 30th. Wall Street Zen upgraded shares of Deutsche Bank Aktiengesellschaft from a “hold” rating to a “buy” rating in a report on Saturday, December 20th. Morgan Stanley reissued an “overweight” rating on shares of Deutsche Bank Aktiengesellschaft in a research report on Thursday, January 8th. Jefferies Financial Group began coverage on shares of Deutsche Bank Aktiengesellschaft in a research report on Monday, October 20th. They issued a “hold” rating for the company. Finally, Citigroup reissued a “sell” rating on shares of Deutsche Bank Aktiengesellschaft in a report on Thursday, January 22nd. 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 issued a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold”.

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.