Assetmark Inc. Grows Stock Position in Deutsche Bank Aktiengesellschaft $DB

Assetmark Inc. lifted its stake in shares of Deutsche Bank Aktiengesellschaft (NYSE:DB) by 9.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 323,424 shares of the bank’s stock after purchasing an additional 27,588 shares during the quarter. Assetmark Inc.’s holdings in Deutsche Bank Aktiengesellschaft were worth $12,471,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of DB. TD Waterhouse Canada Inc. grew its holdings in Deutsche Bank Aktiengesellschaft by 43.2% in the third quarter. TD Waterhouse Canada Inc. now owns 131,626 shares of the bank’s stock valued at $4,673,000 after purchasing an additional 39,717 shares during the last quarter. Mediolanum International Funds Ltd grew its holdings in Deutsche Bank Aktiengesellschaft by 50.8% in the third quarter. Mediolanum International Funds Ltd now owns 273,437 shares of the bank’s stock valued at $9,632,000 after purchasing an additional 92,166 shares during the last quarter. Commerzbank Aktiengesellschaft FI grew its holdings in Deutsche Bank Aktiengesellschaft by 574.0% in the third quarter. Commerzbank Aktiengesellschaft FI now owns 3,125,577 shares of the bank’s stock valued at $110,677,000 after purchasing an additional 2,661,833 shares during the last quarter. Generali Asset Management SPA SGR grew its holdings in Deutsche Bank Aktiengesellschaft by 51.9% in the third quarter. Generali Asset Management SPA SGR now owns 408,691 shares of the bank’s stock valued at $14,472,000 after purchasing an additional 139,630 shares during the last quarter. Finally, ASR Vermogensbeheer N.V. grew its holdings in Deutsche Bank Aktiengesellschaft by 25.9% in the third quarter. ASR Vermogensbeheer N.V. now owns 430,673 shares of the bank’s stock valued at $15,156,000 after purchasing an additional 88,551 shares during the last quarter. Hedge funds and other institutional investors own 27.90% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on DB. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Deutsche Bank Aktiengesellschaft in a research note on Wednesday, January 21st. Wall Street Zen lowered shares of Deutsche Bank Aktiengesellschaft from a “buy” rating to a “hold” rating in a report on Saturday, March 14th. Morgan Stanley reaffirmed an “overweight” rating on shares of Deutsche Bank Aktiengesellschaft in a research note on Thursday, January 8th. Citigroup upgraded shares of Deutsche Bank Aktiengesellschaft from a “sell” rating to a “hold” rating in a report on Thursday, April 9th. Finally, 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. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and six have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy”.

Deutsche Bank Aktiengesellschaft Trading Down 2.0%

NYSE DB opened at $32.83 on Friday. The company has a market cap of $63.70 billion, a P/E ratio of 9.57, a P/E/G ratio of 0.43 and a beta of 1.03. Deutsche Bank Aktiengesellschaft has a 12 month low of $22.99 and a 12 month high of $40.43. The company has a debt-to-equity ratio of 1.39, a current ratio of 1.10 and a quick ratio of 1.10. The company has a 50-day moving average of $32.60 and a 200-day moving average of $35.40.

Deutsche Bank Aktiengesellschaft (NYSE:DB) last released its earnings results 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 firm 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 7.44%. As a group, equities analysts predict that Deutsche Bank Aktiengesellschaft will post 2.93 earnings per share for the current year.

Deutsche Bank Aktiengesellschaft Increases Dividend

The company also recently disclosed an annual dividend, which will be paid on Tuesday, June 2nd. Stockholders of record on Friday, May 29th will be issued a dividend of $1.00 per share. This represents a dividend yield of 251.0%. The ex-dividend date is Friday, May 29th. This is a positive change from Deutsche Bank Aktiengesellschaft’s previous annual dividend of $0.51.

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.