Intech Investment Management LLC Buys Shares of 1,266,965 Deutsche Bank Aktiengesellschaft $DB

Intech Investment Management LLC purchased a new stake in Deutsche Bank Aktiengesellschaft (NYSE:DB) during the third quarter, according to its most recent 13F filing with the SEC. The firm purchased 1,266,965 shares of the bank’s stock, valued at approximately $44,586,000. Intech Investment Management LLC owned approximately 0.06% of Deutsche Bank Aktiengesellschaft as of its most recent filing with the SEC.

Several other large investors have also recently modified their holdings of the company. AQR Capital Management LLC grew its holdings 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 during the last quarter. Focus Partners Wealth acquired a new stake in shares of Deutsche Bank Aktiengesellschaft in the 1st quarter worth $795,000. Sivia Capital Partners LLC purchased a new position in Deutsche Bank Aktiengesellschaft during the 2nd quarter worth $413,000. Oppenheimer Asset Management Inc. acquired a new position in Deutsche Bank Aktiengesellschaft during the 2nd quarter valued at about $1,551,000. Finally, Envestnet Asset Management Inc. raised its stake in Deutsche Bank Aktiengesellschaft by 38.7% in the second quarter. Envestnet Asset Management Inc. now owns 983,772 shares of the bank’s stock valued at $28,805,000 after buying an additional 274,561 shares during the last quarter. Institutional investors own 27.90% of the company’s stock.

Deutsche Bank Aktiengesellschaft Stock Performance

Shares of Deutsche Bank Aktiengesellschaft stock opened at $36.12 on Thursday. The firm has a fifty day moving average price of $38.23 and a 200 day moving average price of $36.65. Deutsche Bank Aktiengesellschaft has a 1 year low of $18.89 and a 1 year high of $40.43. The company has a debt-to-equity ratio of 1.43, a current ratio of 0.76 and a quick ratio of 0.78.

Deutsche Bank Aktiengesellschaft (NYSE:DB) last announced its quarterly 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. The company had revenue of $8.99 billion for the quarter, compared to the consensus estimate of $7.71 billion. Deutsche Bank Aktiengesellschaft had a return on equity of 7.49% and a net margin of 10.02%. Equities research analysts anticipate 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 declared an annual dividend, which will be paid on Tuesday, June 2nd. Shareholders of record on Monday, June 1st will be issued a $1.00 dividend. The ex-dividend date of this dividend 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%.

Analyst Ratings Changes

DB has been the topic of several recent analyst reports. Zacks Research downgraded shares of Deutsche Bank Aktiengesellschaft from a “strong-buy” rating to a “hold” rating in a report on Tuesday, December 30th. Weiss Ratings reissued a “buy (b)” rating on shares of Deutsche Bank Aktiengesellschaft in a research report on Wednesday, January 21st. Wall Street Zen raised shares of Deutsche Bank Aktiengesellschaft from a “hold” rating to a “buy” rating in a report on Saturday, December 20th. Morgan Stanley reissued an “overweight” rating on shares of Deutsche Bank Aktiengesellschaft in a report on Thursday, January 8th. Finally, Citigroup reissued a “sell” rating on shares of Deutsche Bank Aktiengesellschaft in a research report 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 given a Sell rating to the company. According to MarketBeat, the stock currently 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.