Waterfront Wealth Inc. Has $750,000 Stock Position in Deutsche Bank Aktiengesellschaft $DB

Waterfront Wealth Inc. reduced its position in shares of Deutsche Bank Aktiengesellschaft (NYSE:DB) by 56.7% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 22,626 shares of the bank’s stock after selling 29,661 shares during the quarter. Waterfront Wealth Inc.’s holdings in Deutsche Bank Aktiengesellschaft were worth $750,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of DB. Root Financial Partners LLC acquired a new stake in shares of Deutsche Bank Aktiengesellschaft during the 3rd quarter worth approximately $27,000. Salomon & Ludwin LLC boosted its stake in Deutsche Bank Aktiengesellschaft by 2,807.4% in the third quarter. Salomon & Ludwin LLC now owns 785 shares of the bank’s stock valued at $28,000 after acquiring an additional 758 shares during the last quarter. Geneos Wealth Management Inc. grew its holdings in Deutsche Bank Aktiengesellschaft by 178.0% during the 2nd quarter. Geneos Wealth Management Inc. now owns 1,376 shares of the bank’s stock worth $40,000 after acquiring an additional 881 shares during the period. Westside Investment Management Inc. raised its position in shares of Deutsche Bank Aktiengesellschaft by 100.0% during the 3rd quarter. Westside Investment Management Inc. now owns 1,186 shares of the bank’s stock valued at $42,000 after acquiring an additional 593 shares during the last quarter. Finally, MAI Capital Management lifted its stake in shares of Deutsche Bank Aktiengesellschaft by 385.1% in the 2nd quarter. MAI Capital Management now owns 1,824 shares of the bank’s stock valued at $53,000 after purchasing an additional 1,448 shares during the period. Institutional investors own 27.90% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on DB shares. Jefferies Financial Group initiated coverage on Deutsche Bank Aktiengesellschaft in a research note on Monday, October 20th. They set a “hold” rating for the company. Wall Street Zen upgraded Deutsche Bank Aktiengesellschaft from a “hold” rating to a “buy” rating in a report on Saturday, December 20th. Zacks Research lowered Deutsche Bank Aktiengesellschaft from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, December 30th. Weiss Ratings reiterated a “buy (b)” rating on shares of Deutsche Bank Aktiengesellschaft in a research report on Wednesday, January 21st. Finally, Citigroup reissued a “sell” rating on shares of Deutsche Bank Aktiengesellschaft in a research note on Thursday, January 22nd. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold”.

Deutsche Bank Aktiengesellschaft Stock Up 2.0%

DB opened at $37.97 on Tuesday. The company has a quick ratio of 0.78, a current ratio of 0.76 and a debt-to-equity ratio of 1.43. Deutsche Bank Aktiengesellschaft has a 12 month low of $18.89 and a 12 month high of $40.43. The firm’s fifty day simple moving average is $38.41 and its 200 day simple moving average is $36.47.

Deutsche Bank Aktiengesellschaft (NYSE:DB) last issued its quarterly earnings results on Thursday, January 29th. The bank reported $0.88 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 return on equity of 7.49% and a net margin of 10.02%. On average, research analysts expect that Deutsche Bank Aktiengesellschaft will post 2.93 earnings per share for the current fiscal year.

Deutsche Bank Aktiengesellschaft Increases Dividend

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

About Deutsche Bank Aktiengesellschaft

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.