Vanguard Group Inc. Sells 480,873 Shares of Deutsche Bank Aktiengesellschaft $DB

Vanguard Group Inc. cut its holdings in Deutsche Bank Aktiengesellschaft (NYSE:DB) by 0.6% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 79,068,734 shares of the bank’s stock after selling 480,873 shares during the period. Vanguard Group Inc.’s holdings in Deutsche Bank Aktiengesellschaft were worth $2,800,298,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in DB. Credit Industriel ET Commercial grew its position in Deutsche Bank Aktiengesellschaft by 744.4% in the third quarter. Credit Industriel ET Commercial now owns 353,240 shares of the bank’s stock worth $12,421,000 after acquiring an additional 408,057 shares in the last quarter. Todd Asset Management LLC bought a new stake in shares of Deutsche Bank Aktiengesellschaft in the 3rd quarter valued at approximately $11,785,000. PNC Financial Services Group Inc. boosted its holdings in shares of Deutsche Bank Aktiengesellschaft by 11.5% in the 3rd quarter. PNC Financial Services Group Inc. now owns 48,070 shares of the bank’s stock worth $1,702,000 after purchasing an additional 4,962 shares during the period. Metis Global Partners LLC increased its position in shares of Deutsche Bank Aktiengesellschaft by 4.4% during the 3rd quarter. Metis Global Partners LLC now owns 59,068 shares of the bank’s stock valued at $2,077,000 after purchasing an additional 2,470 shares during the last quarter. Finally, Assetmark Inc. raised its holdings in Deutsche Bank Aktiengesellschaft by 8.2% during the 3rd quarter. Assetmark Inc. now owns 295,836 shares of the bank’s stock valued at $10,476,000 after buying an additional 22,495 shares during the period. Institutional investors own 27.90% of the company’s stock.

Deutsche Bank Aktiengesellschaft Price Performance

Shares of DB stock opened at $36.29 on Thursday. The company’s 50-day simple moving average is $38.38 and its two-hundred day simple moving average is $36.61. 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 quick ratio of 0.78 and a current ratio of 0.76.

Deutsche Bank Aktiengesellschaft (NYSE:DB) last posted its quarterly earnings results on Thursday, January 29th. The bank reported $0.88 earnings per share 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 firm had revenue of $8.99 billion during the quarter, compared to the consensus estimate of $7.71 billion. On average, sell-side analysts anticipate that Deutsche Bank Aktiengesellschaft will post 2.93 EPS for the current year.

Deutsche Bank Aktiengesellschaft Increases Dividend

The company also recently declared an annual dividend, which will be paid on Tuesday, June 2nd. Stockholders of record on Monday, June 1st will be given a dividend of $1.00 per share. This represents a dividend yield of 251.0%. 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.

Analysts Set New Price Targets

Several research firms have commented on DB. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Deutsche Bank Aktiengesellschaft in a research note on Wednesday, January 21st. Morgan Stanley reaffirmed an “overweight” rating on shares of Deutsche Bank Aktiengesellschaft in a research note on Thursday, January 8th. Zacks Research downgraded shares of Deutsche Bank Aktiengesellschaft from a “strong-buy” rating to a “hold” rating in a report on Tuesday, December 30th. 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. Finally, Citigroup reaffirmed a “sell” rating on shares of Deutsche Bank Aktiengesellschaft in a research note on Thursday, January 22nd. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average 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.