Seven Eight Capital LP Makes New Investment in Deutsche Bank Aktiengesellschaft (NYSE:DB)

Seven Eight Capital LP bought a new position in Deutsche Bank Aktiengesellschaft (NYSE:DBFree Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 60,233 shares of the bank’s stock, valued at approximately $816,000.

A number of other large investors have also added to or reduced their stakes in DB. Prudential PLC increased its holdings in shares of Deutsche Bank Aktiengesellschaft by 2.3% during the fourth quarter. Prudential PLC now owns 205,546 shares of the bank’s stock valued at $2,806,000 after acquiring an additional 4,548 shares in the last quarter. Crossmark Global Holdings Inc. increased its holdings in shares of Deutsche Bank Aktiengesellschaft by 8.1% during the fourth quarter. Crossmark Global Holdings Inc. now owns 128,224 shares of the bank’s stock valued at $1,738,000 after acquiring an additional 9,574 shares in the last quarter. Capital International Sarl acquired a new position in shares of Deutsche Bank Aktiengesellschaft during the fourth quarter valued at about $3,458,000. Capital International Ltd. CA acquired a new position in shares of Deutsche Bank Aktiengesellschaft during the fourth quarter valued at about $2,991,000. Finally, Capital International Investors acquired a new position in shares of Deutsche Bank Aktiengesellschaft during the fourth quarter valued at about $252,028,000. 27.90% of the stock is currently owned by institutional investors.

Deutsche Bank Aktiengesellschaft Price Performance

Shares of NYSE DB opened at $16.43 on Tuesday. The business’s 50 day moving average price is $16.54 and its 200 day moving average price is $14.57. The firm has a market cap of $33.96 billion, a P/E ratio of 7.17, a P/E/G ratio of 0.92 and a beta of 1.25. Deutsche Bank Aktiengesellschaft has a 52 week low of $9.82 and a 52 week high of $17.95. The company has a quick ratio of 0.80, a current ratio of 0.80 and a debt-to-equity ratio of 1.40.

Deutsche Bank Aktiengesellschaft (NYSE:DBGet Free Report) last issued its earnings results on Thursday, April 25th. The bank reported $0.75 EPS for the quarter, beating analysts’ consensus estimates 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 firm had revenue of $8.45 billion for the quarter, compared to analyst estimates of $8.13 billion. On average, sell-side analysts expect that Deutsche Bank Aktiengesellschaft will post 2.26 earnings per share for the current year.

Deutsche Bank Aktiengesellschaft Cuts Dividend

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

Analysts Set New Price Targets

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

View Our Latest Analysis on Deutsche Bank Aktiengesellschaft

Deutsche Bank Aktiengesellschaft Company 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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