Grantham Mayo Van Otterloo & Co. LLC Sells 729,103 Shares of Deutsche Bank Aktiengesellschaft $DB

Grantham Mayo Van Otterloo & Co. LLC reduced its stake in Deutsche Bank Aktiengesellschaft (NYSE:DB) by 14.7% during the third quarter, HoldingsChannel reports. The firm owned 4,216,162 shares of the bank’s stock after selling 729,103 shares during the quarter. Grantham Mayo Van Otterloo & Co. LLC’s holdings in Deutsche Bank Aktiengesellschaft were worth $148,372,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in DB. AQR Capital Management LLC lifted its stake 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 purchasing 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 worth $795,000. Sivia Capital Partners LLC acquired a new position in shares of Deutsche Bank Aktiengesellschaft during the second quarter worth $413,000. Bank of New York Mellon Corp lifted its stake in shares of Deutsche Bank Aktiengesellschaft by 3.7% in the 2nd quarter. Bank of New York Mellon Corp now owns 3,212,480 shares of the bank’s stock valued at $94,061,000 after acquiring an additional 113,218 shares during the last quarter. Finally, Savant Capital LLC boosted its holdings in shares of Deutsche Bank Aktiengesellschaft by 33.0% during the 2nd quarter. Savant Capital LLC now owns 11,529 shares of the bank’s stock valued at $338,000 after acquiring an additional 2,863 shares in the last quarter. 27.90% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

Deutsche Bank Aktiengesellschaft Trading Down 3.7%

Shares of DB opened at $31.27 on Friday. The company has a quick ratio of 0.78, a current ratio of 0.76 and a debt-to-equity ratio of 1.43. The firm’s fifty day simple moving average is $37.48 and its two-hundred day simple moving average is $36.52. Deutsche Bank Aktiengesellschaft has a 12 month low of $18.89 and a 12 month high of $40.43.

Deutsche Bank Aktiengesellschaft (NYSE:DB) last posted its quarterly earnings data 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 firm had revenue of $8.99 billion during the quarter, compared to analyst estimates of $7.71 billion. Deutsche Bank Aktiengesellschaft had a return on equity of 7.49% and a net margin of 10.02%. 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 announced 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 is Monday, June 1st. This is an increase 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.