Plato Investment Management Ltd Boosts Stake in Deutsche Bank Aktiengesellschaft $DB

Plato Investment Management Ltd lifted its holdings in shares of Deutsche Bank Aktiengesellschaft (NYSE:DB) by 41.1% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 56,448 shares of the bank’s stock after acquiring an additional 16,448 shares during the quarter. Plato Investment Management Ltd’s holdings in Deutsche Bank Aktiengesellschaft were worth $1,999,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. Root Financial Partners LLC acquired a new position in shares of Deutsche Bank Aktiengesellschaft in the 3rd quarter valued at approximately $27,000. Salomon & Ludwin LLC raised its holdings in Deutsche Bank Aktiengesellschaft by 2,807.4% in the third quarter. Salomon & Ludwin LLC now owns 785 shares of the bank’s stock valued at $28,000 after acquiring an additional 758 shares in the last quarter. Geneos Wealth Management Inc. boosted its stake in Deutsche Bank Aktiengesellschaft by 178.0% during the 2nd quarter. Geneos Wealth Management Inc. now owns 1,376 shares of the bank’s stock valued at $40,000 after acquiring an additional 881 shares during the last quarter. Westside Investment Management Inc. grew its holdings in Deutsche Bank Aktiengesellschaft by 100.0% during the 3rd quarter. Westside Investment Management Inc. now owns 1,186 shares of the bank’s stock worth $42,000 after acquiring an additional 593 shares in the last quarter. Finally, MAI Capital Management increased its position in shares of Deutsche Bank Aktiengesellschaft by 385.1% in the 2nd quarter. MAI Capital Management now owns 1,824 shares of the bank’s stock worth $53,000 after purchasing an additional 1,448 shares during the last quarter. Institutional investors and hedge funds own 27.90% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently commented on DB shares. Citigroup reiterated a “sell” rating on shares of Deutsche Bank Aktiengesellschaft in a research report on Thursday, January 22nd. Morgan Stanley reaffirmed an “overweight” rating on shares of Deutsche Bank Aktiengesellschaft in a report on Thursday, January 8th. Wall Street Zen raised shares of Deutsche Bank Aktiengesellschaft from a “hold” rating to a “buy” rating in a report on Saturday, December 20th. Jefferies Financial Group assumed coverage on shares of Deutsche Bank Aktiengesellschaft in a report on Monday, October 20th. They issued a “hold” rating for the company. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Deutsche Bank Aktiengesellschaft in a report on Wednesday, January 21st. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, five have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, Deutsche Bank Aktiengesellschaft currently has a consensus rating of “Hold”.

Deutsche Bank Aktiengesellschaft Price Performance

Shares of NYSE DB opened at $37.24 on Friday. Deutsche Bank Aktiengesellschaft has a 12-month low of $18.89 and a 12-month high of $40.43. The stock has a 50 day simple moving average of $38.36 and a 200-day simple moving average of $36.40. 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 posted its quarterly earnings data 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 net margin of 10.02% and a return on equity of 7.49%. On average, equities analysts expect that Deutsche Bank Aktiengesellschaft will post 2.93 earnings per share for the current year.

Deutsche Bank Aktiengesellschaft Increases Dividend

The firm 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 $1.00 dividend. The ex-dividend date of this dividend is Monday, June 1st. This represents a dividend yield of 251.0%. This is an increase 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.