1,266,965 Shares in Deutsche Bank Aktiengesellschaft $DB Bought by Intech Investment Management LLC

Intech Investment Management LLC acquired a new stake in Deutsche Bank Aktiengesellschaft (NYSE:DB) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 1,266,965 shares of the bank’s stock, valued at approximately $44,586,000.

Other hedge funds have also modified their holdings of the company. Amundi increased its stake in shares of Deutsche Bank Aktiengesellschaft by 15.3% in the 2nd quarter. Amundi now owns 40,664,519 shares of the bank’s stock valued at $1,182,931,000 after purchasing an additional 5,403,011 shares in the last quarter. Fisher Asset Management LLC grew its holdings in Deutsche Bank Aktiengesellschaft by 35.0% in the second quarter. Fisher Asset Management LLC now owns 25,471,401 shares of the bank’s stock valued at $745,803,000 after purchasing an additional 6,605,750 shares during the period. Norges Bank purchased a new stake in shares of Deutsche Bank Aktiengesellschaft in the second quarter valued at approximately $719,395,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main raised its stake in shares of Deutsche Bank Aktiengesellschaft by 6.4% during the 2nd quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 13,209,491 shares of the bank’s stock worth $390,188,000 after buying an additional 794,674 shares during the period. Finally, Acadian Asset Management LLC lifted its position in shares of Deutsche Bank Aktiengesellschaft by 90.6% during the 2nd quarter. Acadian Asset Management LLC now owns 9,837,047 shares of the bank’s stock valued at $290,601,000 after buying an additional 4,674,860 shares in the last quarter. 27.90% of the stock is owned by hedge funds and other institutional investors.

Deutsche Bank Aktiengesellschaft Trading Up 1.6%

DB stock opened at $36.12 on Thursday. The company has a current ratio of 0.76, a quick ratio of 0.78 and a debt-to-equity ratio of 1.43. The firm has a 50-day moving average of $38.23 and a two-hundred day moving average of $36.65. 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 quarterly earnings results 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 return on equity of 7.49% and a net margin of 10.02%.The business had revenue of $8.99 billion during the quarter, compared to analyst estimates of $7.71 billion. As a group, equities research analysts expect that Deutsche Bank Aktiengesellschaft will post 2.93 EPS for the current fiscal year.

Deutsche Bank Aktiengesellschaft Increases Dividend

The business also recently declared an annual dividend, which will be paid on Tuesday, June 2nd. Stockholders of record on Monday, June 1st will be issued 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 a boost from Deutsche Bank Aktiengesellschaft’s previous annual dividend of $0.51.

Analysts Set New Price Targets

Several equities research analysts recently commented on DB shares. Citigroup reissued 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 note on Tuesday, December 30th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Deutsche Bank Aktiengesellschaft in a research note on Wednesday, January 21st. Morgan Stanley reiterated an “overweight” rating on shares of Deutsche Bank Aktiengesellschaft in a report on Thursday, January 8th. Finally, Wall Street Zen raised Deutsche Bank Aktiengesellschaft from a “hold” rating to a “buy” rating in a report on Saturday, December 20th. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, Deutsche Bank Aktiengesellschaft has a consensus 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.