Moore Capital Management LP Sells 1,086,349 Shares of Deutsche Bank Aktiengesellschaft $DB

Moore Capital Management LP lowered its holdings in shares of Deutsche Bank Aktiengesellschaft (NYSE:DB) by 63.2% during the 3rd quarter, Holdings Channel.com reports. The firm owned 632,001 shares of the bank’s stock after selling 1,086,349 shares during the quarter. Moore Capital Management LP’s holdings in Deutsche Bank Aktiengesellschaft were worth $22,224,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Lighthouse Investment Partners LLC bought a new stake in Deutsche Bank Aktiengesellschaft in the third quarter worth $2,880,000. Focus Partners Wealth grew its stake in shares of Deutsche Bank Aktiengesellschaft by 80.1% during the third quarter. Focus Partners Wealth now owns 82,895 shares of the bank’s stock valued at $2,936,000 after buying an additional 36,871 shares during the last quarter. BNP Paribas bought a new position in shares of Deutsche Bank Aktiengesellschaft during the third quarter valued at about $597,000. Alliancebernstein L.P. increased its holdings in shares of Deutsche Bank Aktiengesellschaft by 112.2% in the third quarter. Alliancebernstein L.P. now owns 763,764 shares of the bank’s stock worth $27,045,000 after buying an additional 403,793 shares during the period. Finally, Ameriprise Financial Inc. lifted its stake in shares of Deutsche Bank Aktiengesellschaft by 3.2% in the 3rd quarter. Ameriprise Financial Inc. now owns 56,668 shares of the bank’s stock valued at $2,005,000 after acquiring an additional 1,761 shares during the last quarter. Hedge funds and other institutional investors own 27.90% of the company’s stock.

Analyst Ratings Changes

DB has been the subject of several analyst reports. Weiss Ratings restated a “buy (b)” rating on shares of Deutsche Bank Aktiengesellschaft in a report on Wednesday, January 21st. Wall Street Zen downgraded Deutsche Bank Aktiengesellschaft from a “buy” rating to a “hold” rating in a research report on Saturday. Morgan Stanley reissued an “overweight” rating on shares of Deutsche Bank Aktiengesellschaft in a research note on Thursday, January 8th. Citigroup restated a “sell” rating on shares of Deutsche Bank Aktiengesellschaft in a report on Thursday, January 22nd. Finally, Zacks Research downgraded shares of Deutsche Bank Aktiengesellschaft from a “strong-buy” rating to a “hold” rating in a research note 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 given a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold”.

Deutsche Bank Aktiengesellschaft Stock Up 2.7%

NYSE DB opened at $29.76 on Tuesday. 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 1.39, a current ratio of 1.10 and a quick ratio of 1.10. The business’s 50-day moving average is $36.46 and its 200 day moving average is $36.27.

Deutsche Bank Aktiengesellschaft (NYSE:DB) last released its quarterly earnings results on Thursday, January 29th. The bank reported $0.88 EPS for the quarter, beating analysts’ consensus estimates of $0.72 by $0.16. Deutsche Bank Aktiengesellschaft had a return on equity of 7.44% and a net margin of 10.02%.The business had revenue of $8.99 billion during the quarter, compared to analyst estimates of $7.71 billion. As a group, sell-side analysts anticipate that Deutsche Bank Aktiengesellschaft will post 2.93 EPS for the current fiscal year.

Deutsche Bank Aktiengesellschaft Increases Dividend

The firm also recently announced 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. This represents a dividend yield of 251.0%. This is a boost from Deutsche Bank Aktiengesellschaft’s previous annual dividend of $0.51. The ex-dividend date of this dividend is Monday, June 1st.

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.