Banco Santander S.A. Raises Stock Holdings in Deutsche Bank Aktiengesellschaft $DB

Banco Santander S.A. boosted its position in Deutsche Bank Aktiengesellschaft (NYSE:DB) by 4,258.7% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 3,884,422 shares of the bank’s stock after purchasing an additional 3,795,304 shares during the quarter. Deutsche Bank Aktiengesellschaft makes up 1.2% of Banco Santander S.A.’s portfolio, making the stock its 14th biggest position. Banco Santander S.A. owned approximately 0.19% of Deutsche Bank Aktiengesellschaft worth $137,547,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of DB. AQR Capital Management LLC increased its stake in shares of Deutsche Bank Aktiengesellschaft by 15.9% in the 1st quarter. AQR Capital Management LLC now owns 126,101 shares of the bank’s stock worth $3,005,000 after acquiring an additional 17,262 shares in the last quarter. Focus Partners Wealth bought a new stake in Deutsche Bank Aktiengesellschaft during the first quarter worth about $795,000. Sivia Capital Partners LLC purchased a new stake in Deutsche Bank Aktiengesellschaft in the second quarter worth about $413,000. Oppenheimer Asset Management Inc. bought a new position in shares of Deutsche Bank Aktiengesellschaft during the second quarter valued at approximately $1,551,000. Finally, Envestnet Asset Management Inc. lifted its holdings in shares of Deutsche Bank Aktiengesellschaft by 38.7% during the second quarter. Envestnet Asset Management Inc. now owns 983,772 shares of the bank’s stock valued at $28,805,000 after purchasing an additional 274,561 shares during the last quarter. Institutional investors own 27.90% of the company’s stock.

Deutsche Bank Aktiengesellschaft Price Performance

DB opened at $36.72 on Friday. The firm has a 50 day moving average price of $38.20 and a 200-day moving average price of $36.65. Deutsche Bank Aktiengesellschaft has a twelve month low of $18.89 and a twelve month high of $40.43. The company has a debt-to-equity ratio of 1.43, a current ratio of 0.76 and a quick ratio of 0.78.

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

Deutsche Bank Aktiengesellschaft Increases Dividend

The company also recently disclosed an annual dividend, which will be paid on Tuesday, June 2nd. Investors of record on Monday, June 1st will be issued a $1.00 dividend. 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. This represents a dividend yield of 251.0%.

Wall Street Analyst Weigh In

DB has been the subject of a number of analyst reports. Morgan Stanley reaffirmed an “overweight” rating on shares of Deutsche Bank Aktiengesellschaft in a research report on Thursday, January 8th. Zacks Research downgraded Deutsche Bank Aktiengesellschaft from a “strong-buy” rating to a “hold” rating in a report on Tuesday, December 30th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Deutsche Bank Aktiengesellschaft in a research report on Wednesday, January 21st. Citigroup reissued a “sell” rating on shares of Deutsche Bank Aktiengesellschaft in a research report on Thursday, January 22nd. Finally, Wall Street Zen raised shares of Deutsche Bank Aktiengesellschaft from a “hold” rating to a “buy” rating in a report on Saturday, December 20th. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, five have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock has an average 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.