Franklin Resources Inc. Lowers Stock Holdings in Deutsche Bank Aktiengesellschaft $DB

Franklin Resources Inc. cut its stake in shares of Deutsche Bank Aktiengesellschaft (NYSE:DB) by 16.6% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 9,949,759 shares of the bank’s stock after selling 1,987,074 shares during the quarter. Franklin Resources Inc.’s holdings in Deutsche Bank Aktiengesellschaft were worth $349,758,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. AQR Capital Management LLC grew its stake in Deutsche Bank Aktiengesellschaft by 15.9% in the first quarter. AQR Capital Management LLC now owns 126,101 shares of the bank’s stock worth $3,005,000 after purchasing an additional 17,262 shares in the last quarter. Focus Partners Wealth bought a new stake in Deutsche Bank Aktiengesellschaft during the 1st quarter valued at $795,000. Sivia Capital Partners LLC purchased a new stake in shares of Deutsche Bank Aktiengesellschaft in the 2nd quarter worth $413,000. Savant Capital LLC lifted its holdings in shares of Deutsche Bank Aktiengesellschaft by 33.0% in the 2nd quarter. Savant Capital LLC now owns 11,529 shares of the bank’s stock worth $338,000 after buying an additional 2,863 shares during the period. Finally, Wedbush Securities Inc. bought a new position in shares of Deutsche Bank Aktiengesellschaft during the 2nd quarter worth $231,000. Institutional investors own 27.90% of the company’s stock.

Analysts Set New Price Targets

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

Deutsche Bank Aktiengesellschaft Price Performance

Shares of DB stock opened at $31.50 on Thursday. Deutsche Bank Aktiengesellschaft has a fifty-two week low of $18.89 and a fifty-two week 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. The firm has a market capitalization of $62.76 billion, a price-to-earnings ratio of 9.18, a PEG ratio of 0.42 and a beta of 0.94. The stock’s 50-day simple moving average is $37.06 and its 200-day simple moving average is $36.41.

Deutsche Bank Aktiengesellschaft (NYSE:DB) last announced its quarterly earnings data on Thursday, January 29th. The bank reported $0.88 EPS for the quarter, beating the consensus estimate of $0.72 by $0.16. The firm had revenue of $8.99 billion during 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%. As a group, equities 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. Stockholders of record on Monday, June 1st will be paid a dividend of $1.00 per share. The ex-dividend date is Monday, June 1st. This is an increase from Deutsche Bank Aktiengesellschaft’s previous annual dividend of $0.51. This represents a dividend yield of 251.0%. Deutsche Bank Aktiengesellschaft’s payout ratio is presently 6.15%.

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.