Magnetar Financial LLC Acquires 163,015 Shares of Deutsche Bank Aktiengesellschaft $DB

Magnetar Financial LLC raised its holdings in shares of Deutsche Bank Aktiengesellschaft (NYSE:DB) by 501.8% in the 3rd quarter, HoldingsChannel reports. The firm owned 195,501 shares of the bank’s stock after buying an additional 163,015 shares during the period. Magnetar Financial LLC’s holdings in Deutsche Bank Aktiengesellschaft were worth $6,923,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently modified their holdings of the company. Amundi raised its position in shares of Deutsche Bank Aktiengesellschaft by 15.3% in the second 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 during the period. Fisher Asset Management LLC boosted its holdings in shares of Deutsche Bank Aktiengesellschaft by 3.8% during the 3rd quarter. Fisher Asset Management LLC now owns 26,432,006 shares of the bank’s stock worth $935,957,000 after buying an additional 960,605 shares during the period. Norges Bank bought a new stake in shares of Deutsche Bank Aktiengesellschaft during the 2nd quarter worth about $719,395,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main grew its stake in Deutsche Bank Aktiengesellschaft by 6.4% in the 2nd quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 13,209,491 shares of the bank’s stock valued at $390,188,000 after buying an additional 794,674 shares during the last quarter. Finally, Liontrust Investment Partners LLP bought a new position in Deutsche Bank Aktiengesellschaft in the 2nd quarter valued at about $147,318,000. 27.90% of the stock is currently owned by institutional investors and hedge funds.

Deutsche Bank Aktiengesellschaft Stock Up 0.5%

Shares of DB opened at $31.74 on Wednesday. The company has a quick ratio of 0.78, a current ratio of 0.76 and a debt-to-equity ratio of 1.43. Deutsche Bank Aktiengesellschaft has a 12 month low of $18.89 and a 12 month high of $40.43. The firm’s 50 day moving average is $37.20 and its 200-day moving average is $36.45.

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

Deutsche Bank Aktiengesellschaft Increases Dividend

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

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on DB shares. 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 research note on Wednesday, January 21st. Citigroup reissued a “sell” rating on shares of Deutsche Bank Aktiengesellschaft in a report on Thursday, January 22nd. Wall Street Zen raised Deutsche Bank Aktiengesellschaft from a “hold” rating to a “buy” rating in a report on Saturday, December 20th. Finally, Zacks Research cut Deutsche Bank Aktiengesellschaft from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, December 30th. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company presently has an average 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.