Parallel Advisors LLC Purchases 1,163 Shares of Deutsche Bank Aktiengesellschaft (NYSE:DB)

Parallel Advisors LLC boosted its holdings in shares of Deutsche Bank Aktiengesellschaft (NYSE:DBFree Report) by 26.9% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 5,483 shares of the bank’s stock after buying an additional 1,163 shares during the period. Parallel Advisors LLC’s holdings in Deutsche Bank Aktiengesellschaft were worth $74,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Franklin Resources Inc. lifted its position in Deutsche Bank Aktiengesellschaft by 12.1% during the fourth quarter. Franklin Resources Inc. now owns 5,999,429 shares of the bank’s stock valued at $81,910,000 after purchasing an additional 648,738 shares during the last quarter. Trexquant Investment LP bought a new stake in shares of Deutsche Bank Aktiengesellschaft during the 4th quarter worth $1,652,000. Norges Bank purchased a new position in Deutsche Bank Aktiengesellschaft in the fourth quarter worth $326,093,000. Quadrant Capital Group LLC increased its stake in Deutsche Bank Aktiengesellschaft by 13.7% in the fourth quarter. Quadrant Capital Group LLC now owns 23,287 shares of the bank’s stock valued at $316,000 after acquiring an additional 2,806 shares during the last quarter. Finally, Vanguard Personalized Indexing Management LLC increased its stake in Deutsche Bank Aktiengesellschaft by 15.6% in the fourth quarter. Vanguard Personalized Indexing Management LLC now owns 87,491 shares of the bank’s stock valued at $1,186,000 after acquiring an additional 11,777 shares during the last quarter. 27.90% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

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

Get Our Latest Report on DB

Deutsche Bank Aktiengesellschaft Stock Up 1.2 %

Shares of NYSE:DB opened at $16.58 on Friday. The stock has a market capitalization of $34.27 billion, a P/E ratio of 7.24, a price-to-earnings-growth ratio of 0.91 and a beta of 1.25. The stock’s 50-day moving average price is $16.51 and its 200-day moving average price is $14.48. The company has a current ratio of 0.80, a quick ratio of 0.80 and a debt-to-equity ratio of 1.40. Deutsche Bank Aktiengesellschaft has a 12-month low of $9.82 and a 12-month high of $17.95.

Deutsche Bank Aktiengesellschaft (NYSE:DBGet Free Report) last posted its quarterly earnings results on Thursday, April 25th. The bank reported $0.75 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.66 by $0.09. Deutsche Bank Aktiengesellschaft had a return on equity of 5.47% and a net margin of 6.68%. The business had revenue of $8.45 billion for the quarter, compared to analyst estimates of $8.13 billion. On average, equities analysts anticipate that Deutsche Bank Aktiengesellschaft will post 2.26 earnings per share for the current year.

Deutsche Bank Aktiengesellschaft Cuts Dividend

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

Deutsche Bank Aktiengesellschaft Profile

(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.

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

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