Gemsstock Ltd. Sells 536,587 Shares of Deutsche Bank Aktiengesellschaft $DB

Gemsstock Ltd. reduced its stake in shares of Deutsche Bank Aktiengesellschaft (NYSE:DB) by 52.3% during the 3rd quarter, Holdings Channel.com reports. The firm owned 490,166 shares of the bank’s stock after selling 536,587 shares during the quarter. Deutsche Bank Aktiengesellschaft comprises about 4.5% of Gemsstock Ltd.’s holdings, making the stock its 10th largest position. Gemsstock Ltd.’s holdings in Deutsche Bank Aktiengesellschaft were worth $17,236,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. AQR Capital Management LLC boosted its position in Deutsche Bank Aktiengesellschaft by 15.9% in the 1st quarter. AQR Capital Management LLC now owns 126,101 shares of the bank’s stock valued at $3,005,000 after buying an additional 17,262 shares during the last quarter. Focus Partners Wealth acquired a new position in shares of Deutsche Bank Aktiengesellschaft during the first quarter valued at $795,000. Sivia Capital Partners LLC bought a new position in Deutsche Bank Aktiengesellschaft in the second quarter valued at about $413,000. Oppenheimer Asset Management Inc. acquired a new stake in Deutsche Bank Aktiengesellschaft in the second quarter worth about $1,551,000. Finally, Envestnet Asset Management Inc. raised its holdings in Deutsche Bank Aktiengesellschaft by 38.7% during the 2nd quarter. Envestnet Asset Management Inc. now owns 983,772 shares of the bank’s stock worth $28,805,000 after purchasing an additional 274,561 shares during the last quarter. Institutional investors own 27.90% of the company’s stock.

Deutsche Bank Aktiengesellschaft Price Performance

Shares of NYSE DB opened at $36.72 on Friday. The company’s fifty day moving average is $38.20 and its 200-day moving average is $36.65. Deutsche Bank Aktiengesellschaft has a twelve month low of $18.89 and a twelve month 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 released its quarterly earnings data on Thursday, January 29th. The bank reported $0.88 EPS for the quarter, beating analysts’ consensus estimates 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 predict 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 issued a dividend of $1.00 per share. This is a boost from Deutsche Bank Aktiengesellschaft’s previous annual dividend of $0.51. The ex-dividend date is Monday, June 1st. This represents a dividend yield of 251.0%.

Analyst Ratings Changes

Several brokerages have recently issued reports on DB. Citigroup reaffirmed a “sell” rating on shares of Deutsche Bank Aktiengesellschaft in a research note on Thursday, January 22nd. Wall Street Zen raised shares of Deutsche Bank Aktiengesellschaft from a “hold” rating to a “buy” rating in a research note on Saturday, December 20th. Zacks Research cut shares of Deutsche Bank Aktiengesellschaft from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, December 30th. Weiss Ratings restated a “buy (b)” rating on shares of Deutsche Bank Aktiengesellschaft in a research report on Wednesday, January 21st. Finally, Morgan Stanley reaffirmed an “overweight” rating on shares of Deutsche Bank Aktiengesellschaft in a research note on Thursday, January 8th. One research 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’s stock. Based on data from MarketBeat.com, the company 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.