Thrivent Financial for Lutherans Sells 320,765 Shares of Deutsche Bank Aktiengesellschaft $DB

Thrivent Financial for Lutherans trimmed its holdings in shares of Deutsche Bank Aktiengesellschaft (NYSE:DB) by 81.8% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 71,453 shares of the bank’s stock after selling 320,765 shares during the period. Thrivent Financial for Lutherans’ holdings in Deutsche Bank Aktiengesellschaft were worth $2,515,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of DB. Norges Bank bought a new stake in Deutsche Bank Aktiengesellschaft during the second quarter valued at approximately $719,395,000. Fisher Asset Management LLC grew its holdings in Deutsche Bank Aktiengesellschaft by 35.0% during the 2nd quarter. Fisher Asset Management LLC now owns 25,471,401 shares of the bank’s stock valued at $745,803,000 after buying an additional 6,605,750 shares in the last quarter. Amundi grew its stake in Deutsche Bank Aktiengesellschaft by 15.3% during the second quarter. Amundi now owns 40,664,519 shares of the bank’s stock valued at $1,182,931,000 after acquiring an additional 5,403,011 shares in the last quarter. Liontrust Investment Partners LLP bought a new stake in shares of Deutsche Bank Aktiengesellschaft in the second quarter worth about $147,318,000. Finally, Acadian Asset Management LLC raised its holdings in shares of Deutsche Bank Aktiengesellschaft by 90.6% during the 2nd quarter. Acadian Asset Management LLC now owns 9,837,047 shares of the bank’s stock worth $290,601,000 after acquiring an additional 4,674,860 shares in the last quarter. 27.90% of the stock is owned by institutional investors.

Deutsche Bank Aktiengesellschaft Trading Up 2.0%

NYSE:DB 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 stock’s fifty day moving average is $38.41 and its two-hundred day moving average is $36.47. Deutsche Bank Aktiengesellschaft has a 52 week low of $18.89 and a 52 week high of $40.43.

Deutsche Bank Aktiengesellschaft (NYSE:DB) last released its quarterly earnings results on Thursday, January 29th. The bank reported $0.88 EPS for the quarter, topping the consensus estimate of $0.72 by $0.16. The business had revenue of $8.99 billion during the quarter, compared to analyst estimates of $7.71 billion. Deutsche Bank Aktiengesellschaft had a return on equity of 7.49% and a net margin of 10.02%. On average, equities research analysts predict that Deutsche Bank Aktiengesellschaft will post 2.93 EPS for the current year.

Deutsche Bank Aktiengesellschaft Increases Dividend

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

Wall Street Analyst Weigh In

DB has been the topic of a number of recent research reports. Morgan Stanley restated an “overweight” rating on shares of Deutsche Bank Aktiengesellschaft in a research report on Thursday, January 8th. Wall Street Zen upgraded Deutsche Bank Aktiengesellschaft from a “hold” rating to a “buy” rating in a report on Saturday, December 20th. Zacks Research downgraded shares of Deutsche Bank Aktiengesellschaft from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, December 30th. Jefferies Financial Group assumed coverage on Deutsche Bank Aktiengesellschaft in a report on Monday, October 20th. They set a “hold” rating on the stock. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of Deutsche Bank Aktiengesellschaft in a research note on Wednesday, January 21st. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, Deutsche Bank Aktiengesellschaft 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.