Achmea Investment Management B.V. Invests $4.49 Million in Deutsche Bank Aktiengesellschaft $DB

Achmea Investment Management B.V. bought a new stake in Deutsche Bank Aktiengesellschaft (NYSE:DBFree Report) in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 127,530 shares of the bank’s stock, valued at approximately $4,489,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Legacy Capital Group California Inc. grew its stake in shares of Deutsche Bank Aktiengesellschaft by 2.2% during the 3rd quarter. Legacy Capital Group California Inc. now owns 12,368 shares of the bank’s stock valued at $438,000 after buying an additional 264 shares during the period. Evergreen Capital Management LLC raised its position in shares of Deutsche Bank Aktiengesellschaft by 1.9% in the 2nd quarter. Evergreen Capital Management LLC now owns 15,436 shares of the bank’s stock worth $452,000 after buying an additional 282 shares during the period. Cresset Asset Management LLC raised its position in shares of Deutsche Bank Aktiengesellschaft by 2.4% in the 3rd quarter. Cresset Asset Management LLC now owns 11,955 shares of the bank’s stock worth $423,000 after buying an additional 285 shares during the period. Baron Wealth Management LLC boosted its holdings in Deutsche Bank Aktiengesellschaft by 1.1% in the third quarter. Baron Wealth Management LLC now owns 27,401 shares of the bank’s stock valued at $970,000 after acquiring an additional 302 shares during the last quarter. Finally, HB Wealth Management LLC grew its position in Deutsche Bank Aktiengesellschaft by 3.5% during the third quarter. HB Wealth Management LLC now owns 9,057 shares of the bank’s stock valued at $321,000 after acquiring an additional 304 shares during the period. Institutional investors and hedge funds own 27.90% of the company’s stock.

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Deutsche Bank Aktiengesellschaft Stock Performance

NYSE DB opened at $29.25 on Thursday. The company has a debt-to-equity ratio of 1.39, a quick ratio of 1.10 and a current ratio of 1.10. Deutsche Bank Aktiengesellschaft has a fifty-two week low of $18.89 and a fifty-two week high of $40.43. The business has a 50 day moving average price of $36.10 and a two-hundred day moving average price of $36.19.

Deutsche Bank Aktiengesellschaft (NYSE:DBGet Free Report) last posted its quarterly earnings data on Thursday, January 29th. The bank reported $0.88 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.72 by $0.16. The company 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 7.44%. On average, equities 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 declared an annual dividend, which will be paid on Tuesday, June 2nd. Investors of record on Monday, June 1st will be paid a dividend of $1.00 per share. This is a positive change from Deutsche Bank Aktiengesellschaft’s previous annual dividend of $0.51. The ex-dividend date of this dividend is Monday, June 1st. This represents a yield of 251.0%.

Analyst Ratings Changes

Several equities research analysts have commented on the company. Morgan Stanley restated an “overweight” rating on shares of Deutsche Bank Aktiengesellschaft in a research note on Thursday, January 8th. Weiss Ratings reiterated a “buy (b)” rating on shares of Deutsche Bank Aktiengesellschaft in a report on Wednesday, January 21st. 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. Citigroup restated a “sell” rating on shares of Deutsche Bank Aktiengesellschaft in a report on Thursday, January 22nd. Finally, Wall Street Zen cut shares of Deutsche Bank Aktiengesellschaft from a “buy” rating to a “hold” rating in a research report on Saturday, March 14th. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold”.

Check Out Our Latest Report on Deutsche Bank Aktiengesellschaft

Deutsche Bank Aktiengesellschaft Company Profile

(Free Report)

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.

Further Reading

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

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