Janney Montgomery Scott LLC Sells 865 Shares of Deutsche Bank Aktiengesellschaft (NYSE:DB)

Janney Montgomery Scott LLC reduced its position in shares of Deutsche Bank Aktiengesellschaft (NYSE:DBFree Report) by 1.6% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 54,540 shares of the bank’s stock after selling 865 shares during the quarter. Janney Montgomery Scott LLC’s holdings in Deutsche Bank Aktiengesellschaft were worth $739,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Deutsche Bank AG raised its stake in shares of Deutsche Bank Aktiengesellschaft by 64.0% during the third quarter. Deutsche Bank AG now owns 53,995,538 shares of the bank’s stock valued at $593,411,000 after acquiring an additional 21,080,301 shares during the last quarter. Vanguard Group Inc. raised its position in Deutsche Bank Aktiengesellschaft by 1.4% during the 3rd quarter. Vanguard Group Inc. now owns 77,480,209 shares of the bank’s stock valued at $851,507,000 after purchasing an additional 1,073,195 shares during the last quarter. Toronto Dominion Bank purchased a new stake in Deutsche Bank Aktiengesellschaft in the 3rd quarter worth approximately $10,511,000. Canada Pension Plan Investment Board grew its position in shares of Deutsche Bank Aktiengesellschaft by 23.0% in the 3rd quarter. Canada Pension Plan Investment Board now owns 3,530,094 shares of the bank’s stock worth $39,057,000 after buying an additional 661,034 shares during the last quarter. Finally, Sumitomo Mitsui Trust Holdings Inc. increased its stake in shares of Deutsche Bank Aktiengesellschaft by 8.0% during the fourth quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 4,747,137 shares of the bank’s stock valued at $64,939,000 after buying an additional 353,600 shares during the period. 27.90% of the stock is currently owned by institutional investors.

Deutsche Bank Aktiengesellschaft Stock Down 0.4 %

Shares of Deutsche Bank Aktiengesellschaft stock opened at $16.68 on Friday. Deutsche Bank Aktiengesellschaft has a 1 year low of $9.82 and a 1 year high of $17.95. The company has a debt-to-equity ratio of 1.40, a current ratio of 0.80 and a quick ratio of 0.80. The company has a 50-day moving average of $16.43 and a 200 day moving average of $14.36. The firm has a market cap of $34.47 billion, a price-to-earnings ratio of 7.28, a PEG ratio of 0.93 and a beta of 1.30.

Deutsche Bank Aktiengesellschaft (NYSE:DBGet Free Report) last announced its earnings results on Thursday, April 25th. The bank reported $0.75 earnings per share for the quarter, beating analysts’ consensus estimates of $0.66 by $0.09. Deutsche Bank Aktiengesellschaft had a net margin of 6.68% and a return on equity of 5.47%. The business had revenue of $8.45 billion during the quarter, compared to the consensus estimate of $8.13 billion. As a group, sell-side analysts anticipate that Deutsche Bank Aktiengesellschaft will post 2.26 earnings per share for the current fiscal year.

Deutsche Bank Aktiengesellschaft Cuts Dividend

The business also recently announced an annual dividend, which was paid on Tuesday, May 21st. Shareholders of record on Thursday, May 16th were issued a $0.3313 dividend. This represents a yield of 2.05%. The ex-dividend date was Friday, May 17th.

Analyst Ratings Changes

A number of analysts recently commented on DB shares. StockNews.com raised Deutsche Bank Aktiengesellschaft from a “hold” rating to a “buy” rating in a research note on Monday, March 18th. Morgan Stanley raised shares of Deutsche Bank Aktiengesellschaft from an “equal weight” rating to an “overweight” rating in a research note on Wednesday, March 27th. Finally, Erste Group Bank raised Deutsche Bank Aktiengesellschaft from a “sell” rating to a “hold” rating in a research report on Wednesday, March 13th. Four equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold”.

Get Our Latest Stock Report on DB

About Deutsche Bank Aktiengesellschaft

(Free Report)

Deutsche Bank Aktiengesellschaft, a stock corporation, provides corporate and investment banking, and asset management products and services to private individuals, corporate entities, and institutional clients in Germany, the United Kingdom, rest of Europe, the Middle East, Africa, the Americas, and the Asia-Pacific.

See Also

Institutional Ownership by Quarter for Deutsche Bank Aktiengesellschaft (NYSE:DB)

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