Compagnie Lombard Odier SCmA Sells 42,227 Shares of Deutsche Bank Aktiengesellschaft $DB

Compagnie Lombard Odier SCmA trimmed its stake in shares of Deutsche Bank Aktiengesellschaft (NYSE:DB) by 6.9% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 569,409 shares of the bank’s stock after selling 42,227 shares during the quarter. Compagnie Lombard Odier SCmA’s holdings in Deutsche Bank Aktiengesellschaft were worth $20,037,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also added to or reduced their stakes in the stock. Commerzbank Aktiengesellschaft FI raised its holdings in Deutsche Bank Aktiengesellschaft by 574.0% during the 3rd quarter. Commerzbank Aktiengesellschaft FI now owns 3,125,577 shares of the bank’s stock worth $110,677,000 after purchasing an additional 2,661,833 shares during the last quarter. Mediolanum International Funds Ltd raised its stake in Deutsche Bank Aktiengesellschaft by 50.8% during the third quarter. Mediolanum International Funds Ltd now owns 273,437 shares of the bank’s stock worth $9,632,000 after buying an additional 92,166 shares during the last quarter. TD Waterhouse Canada Inc. raised its stake in Deutsche Bank Aktiengesellschaft by 43.2% during the third quarter. TD Waterhouse Canada Inc. now owns 131,626 shares of the bank’s stock worth $4,673,000 after buying an additional 39,717 shares during the last quarter. Liontrust Investment Partners LLP acquired a new position in Deutsche Bank Aktiengesellschaft in the second quarter valued at $147,318,000. Finally, Generali Asset Management SPA SGR boosted its position in Deutsche Bank Aktiengesellschaft by 51.9% during the third quarter. Generali Asset Management SPA SGR now owns 408,691 shares of the bank’s stock valued at $14,472,000 after acquiring an additional 139,630 shares during the last quarter. 27.90% of the stock is currently owned by institutional investors.

Deutsche Bank Aktiengesellschaft Stock Performance

Shares of DB stock opened at $37.97 on Tuesday. The company has a debt-to-equity ratio of 1.43, a quick ratio of 0.78 and a current ratio of 0.76. The firm has a fifty day simple moving average of $38.41 and a two-hundred day simple moving average of $36.47. Deutsche Bank Aktiengesellschaft has a 12 month low of $18.89 and a 12 month high of $40.43.

Deutsche Bank Aktiengesellschaft (NYSE:DB) last released its quarterly earnings data on Thursday, January 29th. The bank reported $0.88 earnings per share for the quarter, beating analysts’ consensus estimates of $0.72 by $0.16. The firm had revenue of $8.99 billion for the quarter, compared to analyst estimates of $7.71 billion. Deutsche Bank Aktiengesellschaft had a net margin of 10.02% and a return on equity of 7.49%. Analysts expect that Deutsche Bank Aktiengesellschaft will post 2.93 earnings per share for the current fiscal year.

Deutsche Bank Aktiengesellschaft Increases Dividend

The business also recently declared an annual dividend, which will be paid on Tuesday, June 2nd. Shareholders of record on Monday, June 1st will be paid a dividend of $1.00 per share. This is an increase from Deutsche Bank Aktiengesellschaft’s previous annual dividend of $0.51. The ex-dividend date is Monday, June 1st. This represents a yield of 251.0%.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on DB. Weiss Ratings reissued a “buy (b)” rating on shares of Deutsche Bank Aktiengesellschaft in a research report on Wednesday, January 21st. Morgan Stanley reiterated an “overweight” rating on shares of Deutsche Bank Aktiengesellschaft in a report on Thursday, January 8th. Jefferies Financial Group initiated coverage on Deutsche Bank Aktiengesellschaft in a research note on Monday, October 20th. They issued a “hold” rating on the stock. Zacks Research downgraded shares of Deutsche Bank Aktiengesellschaft from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, December 30th. Finally, Citigroup reiterated a “sell” rating on shares of Deutsche Bank Aktiengesellschaft in a research report on Thursday, January 22nd. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, five have issued 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 Company 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.