Magnetar Financial LLC Has $6.92 Million Holdings in Deutsche Bank Aktiengesellschaft $DB

Magnetar Financial LLC lifted its stake in shares of Deutsche Bank Aktiengesellschaft (NYSE:DB) by 501.8% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 195,501 shares of the bank’s stock after acquiring an additional 163,015 shares during the period. Magnetar Financial LLC’s holdings in Deutsche Bank Aktiengesellschaft were worth $6,923,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in DB. Root Financial Partners LLC acquired a new position in Deutsche Bank Aktiengesellschaft in the 3rd quarter worth $27,000. Salomon & Ludwin LLC raised its stake in shares of Deutsche Bank Aktiengesellschaft by 2,807.4% in the 3rd quarter. Salomon & Ludwin LLC now owns 785 shares of the bank’s stock valued at $28,000 after purchasing an additional 758 shares during the period. Cary Street Partners Investment Advisory LLC raised its stake in shares of Deutsche Bank Aktiengesellschaft by 61.8% in the 3rd quarter. Cary Street Partners Investment Advisory LLC now owns 1,081 shares of the bank’s stock valued at $38,000 after purchasing an additional 413 shares during the period. Westside Investment Management Inc. lifted its holdings in shares of Deutsche Bank Aktiengesellschaft by 100.0% in the third quarter. Westside Investment Management Inc. now owns 1,186 shares of the bank’s stock valued at $42,000 after purchasing an additional 593 shares in the last quarter. Finally, Geneos Wealth Management Inc. boosted its position in shares of Deutsche Bank Aktiengesellschaft by 178.0% during the second quarter. Geneos Wealth Management Inc. now owns 1,376 shares of the bank’s stock worth $40,000 after buying an additional 881 shares during the period. 27.90% of the stock is owned by institutional investors.

Deutsche Bank Aktiengesellschaft Trading Up 0.5%

Shares of DB opened at $31.74 on Wednesday. The firm has a 50-day moving average of $37.20 and a 200-day moving average of $36.45. Deutsche Bank Aktiengesellschaft has a one year low of $18.89 and a one 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 issued its earnings results on Thursday, January 29th. The bank reported $0.88 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.72 by $0.16. Deutsche Bank Aktiengesellschaft had a net margin of 10.02% and a return on equity of 7.49%. The business had revenue of $8.99 billion during the quarter, compared to the consensus estimate of $7.71 billion. Sell-side analysts anticipate 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 given a $1.00 dividend. The ex-dividend date of this dividend is Monday, June 1st. This is a positive change from Deutsche Bank Aktiengesellschaft’s previous annual dividend of $0.51. This represents a dividend yield of 251.0%.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the company. Weiss Ratings reissued a “buy (b)” rating on shares of Deutsche Bank Aktiengesellschaft in a research report on Wednesday, January 21st. Morgan Stanley reaffirmed an “overweight” rating on shares of Deutsche Bank Aktiengesellschaft in a research report on Thursday, January 8th. 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 report on Saturday, December 20th. Finally, Zacks Research cut shares of Deutsche Bank Aktiengesellschaft from a “strong-buy” rating to a “hold” rating in a report on Tuesday, December 30th. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, five have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold”.

Deutsche Bank Aktiengesellschaft 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.