Causeway Capital Management LLC Trims Holdings in Deutsche Bank Aktiengesellschaft $DB

Causeway Capital Management LLC cut its position in Deutsche Bank Aktiengesellschaft (NYSE:DB) by 8.8% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 17,618,765 shares of the bank’s stock after selling 1,696,378 shares during the period. Deutsche Bank Aktiengesellschaft comprises about 8.2% of Causeway Capital Management LLC’s portfolio, making the stock its 3rd largest position. Causeway Capital Management LLC owned approximately 0.88% of Deutsche Bank Aktiengesellschaft worth $620,201,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Root Financial Partners LLC acquired a new stake in Deutsche Bank Aktiengesellschaft during the 3rd quarter worth $27,000. Salomon & Ludwin LLC increased 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 worth $28,000 after acquiring an additional 758 shares in the last quarter. Cary Street Partners Investment Advisory LLC raised its position in shares of Deutsche Bank Aktiengesellschaft by 61.8% during the third quarter. Cary Street Partners Investment Advisory LLC now owns 1,081 shares of the bank’s stock worth $38,000 after purchasing an additional 413 shares during the period. Geneos Wealth Management Inc. raised its position in shares of Deutsche Bank Aktiengesellschaft by 178.0% during the second quarter. Geneos Wealth Management Inc. now owns 1,376 shares of the bank’s stock worth $40,000 after purchasing an additional 881 shares during the period. Finally, Westside Investment Management Inc. lifted its holdings in shares of Deutsche Bank Aktiengesellschaft by 100.0% during the 3rd quarter. Westside Investment Management Inc. now owns 1,186 shares of the bank’s stock valued at $42,000 after purchasing an additional 593 shares in the last quarter. Institutional investors and hedge funds own 27.90% of the company’s stock.

Analyst Ratings Changes

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

Deutsche Bank Aktiengesellschaft Stock Up 1.1%

NYSE DB opened at $31.59 on Tuesday. 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 $37.34 and its 200-day moving average is $36.48. The company has a current ratio of 0.76, a quick ratio of 0.78 and a debt-to-equity ratio of 1.43.

Deutsche Bank Aktiengesellschaft (NYSE:DB) last released its earnings results on Thursday, January 29th. The bank reported $0.88 earnings per share for the quarter, beating analysts’ consensus estimates 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. Equities research analysts predict that Deutsche Bank Aktiengesellschaft will post 2.93 EPS for the current fiscal year.

Deutsche Bank Aktiengesellschaft Increases Dividend

The business also recently announced an annual dividend, which will be paid on Tuesday, June 2nd. Investors 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 is a boost from Deutsche Bank Aktiengesellschaft’s previous annual dividend of $0.51. This represents a yield of 251.0%.

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.