Korea Investment CORP Cuts Stake in Deutsche Bank Aktiengesellschaft $DB

Korea Investment CORP cut its holdings in shares of Deutsche Bank Aktiengesellschaft (NYSE:DB) by 15.7% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,514,910 shares of the bank’s stock after selling 469,543 shares during the quarter. Korea Investment CORP’s holdings in Deutsche Bank Aktiengesellschaft were worth $88,503,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Legacy Capital Group California Inc. increased its stake in Deutsche Bank Aktiengesellschaft by 2.2% in the third quarter. Legacy Capital Group California Inc. now owns 12,368 shares of the bank’s stock valued at $438,000 after purchasing an additional 264 shares during the last quarter. Evergreen Capital Management LLC lifted its position in shares of Deutsche Bank Aktiengesellschaft by 1.9% during the 2nd quarter. Evergreen Capital Management LLC now owns 15,436 shares of the bank’s stock worth $452,000 after buying an additional 282 shares during the last quarter. Cresset Asset Management LLC boosted its holdings in shares of Deutsche Bank Aktiengesellschaft by 2.4% in the 3rd quarter. Cresset Asset Management LLC now owns 11,955 shares of the bank’s stock valued at $423,000 after buying an additional 285 shares in the last quarter. Baron Wealth Management LLC grew its position in shares of Deutsche Bank Aktiengesellschaft by 1.1% in the 3rd quarter. Baron Wealth Management LLC now owns 27,401 shares of the bank’s stock valued at $970,000 after buying an additional 302 shares during the last quarter. Finally, HB Wealth Management LLC grew its position in shares of Deutsche Bank Aktiengesellschaft by 3.5% in the 3rd quarter. HB Wealth Management LLC now owns 9,057 shares of the bank’s stock valued at $321,000 after buying an additional 304 shares during the last quarter. Institutional investors and hedge funds own 27.90% of the company’s stock.

Analysts Set New Price Targets

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

Deutsche Bank Aktiengesellschaft Price Performance

NYSE DB opened at $31.27 on Friday. The firm’s fifty day moving average is $37.48 and its two-hundred day moving average is $36.52. Deutsche Bank Aktiengesellschaft has a one year low of $18.89 and a one year high of $40.43. 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 (NYSE:DB) last announced 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. 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 during the quarter, compared to the consensus estimate of $7.71 billion. On average, analysts forecast that Deutsche Bank Aktiengesellschaft will post 2.93 earnings per share for the current fiscal year.

Deutsche Bank Aktiengesellschaft Increases Dividend

The business also recently disclosed 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 of this dividend is Monday, June 1st. This is a positive change from Deutsche Bank Aktiengesellschaft’s previous annual dividend of $0.51.

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.