Legal & General Group Plc Reduces Stock Position in Deutsche Bank Aktiengesellschaft $DB

Legal & General Group Plc lessened its holdings in shares of Deutsche Bank Aktiengesellschaft (NYSE:DB) by 5.7% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 14,332,603 shares of the bank’s stock after selling 871,028 shares during the quarter. Legal & General Group Plc’s holdings in Deutsche Bank Aktiengesellschaft were worth $504,418,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently modified their holdings of DB. Norges Bank bought a new position in Deutsche Bank Aktiengesellschaft in the second quarter worth about $719,395,000. Fisher Asset Management LLC lifted its stake in shares of Deutsche Bank Aktiengesellschaft by 35.0% in the 2nd quarter. Fisher Asset Management LLC now owns 25,471,401 shares of the bank’s stock valued at $745,803,000 after purchasing an additional 6,605,750 shares during the period. Amundi boosted its position in shares of Deutsche Bank Aktiengesellschaft by 15.3% during the second quarter. Amundi now owns 40,664,519 shares of the bank’s stock valued at $1,182,931,000 after purchasing an additional 5,403,011 shares in the last quarter. Liontrust Investment Partners LLP purchased a new stake in Deutsche Bank Aktiengesellschaft in the second quarter worth $147,318,000. Finally, Banco Santander S.A. lifted its position in Deutsche Bank Aktiengesellschaft by 4,258.7% during the third quarter. Banco Santander S.A. now owns 3,884,422 shares of the bank’s stock valued at $137,547,000 after buying an additional 3,795,304 shares during the period. Institutional investors own 27.90% of the company’s stock.

Deutsche Bank Aktiengesellschaft Price Performance

Shares of NYSE DB opened at $31.74 on Wednesday. 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 quick ratio of 0.78 and a current ratio of 0.76. The company has a 50 day moving average of $37.20 and a 200 day moving average of $36.45.

Deutsche Bank Aktiengesellschaft (NYSE:DB) last issued its earnings results on Thursday, January 29th. The bank reported $0.88 EPS for the quarter, beating the consensus estimate of $0.72 by $0.16. The business 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%. As a group, equities research analysts predict 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. Shareholders of record on Monday, June 1st will be given a $1.00 dividend. This is a positive change from Deutsche Bank Aktiengesellschaft’s previous annual dividend of $0.51. The ex-dividend date of this dividend is Monday, June 1st. This represents a yield of 251.0%.

Analysts Set New Price Targets

A number of analysts have recently weighed in on DB shares. Citigroup reaffirmed a “sell” rating on shares of Deutsche Bank Aktiengesellschaft in a research report on Thursday, January 22nd. Wall Street Zen upgraded shares of Deutsche Bank Aktiengesellschaft from a “hold” rating to a “buy” rating in a report on Saturday, December 20th. Zacks Research cut 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 note on Wednesday, January 21st. Finally, Morgan Stanley reiterated an “overweight” rating on shares of Deutsche Bank Aktiengesellschaft in a research note on Thursday, January 8th. One 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 data from MarketBeat.com, the stock presently has an average rating of “Hold”.

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.