Envestnet Asset Management Inc. Lowers Stock Holdings in Deutsche Bank Aktiengesellschaft $DB

Envestnet Asset Management Inc. lessened its holdings in Deutsche Bank Aktiengesellschaft (NYSE:DB) by 4.4% in the third quarter, according to its most recent filing with the SEC. The institutional investor owned 940,729 shares of the bank’s stock after selling 43,043 shares during the period. Envestnet Asset Management Inc.’s holdings in Deutsche Bank Aktiengesellschaft were worth $33,311,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in the business. Mediolanum International Funds Ltd increased its position 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 worth $9,632,000 after purchasing an additional 92,166 shares during the last quarter. Commerzbank Aktiengesellschaft FI grew its stake in shares of Deutsche Bank Aktiengesellschaft by 574.0% in the 3rd quarter. Commerzbank Aktiengesellschaft FI now owns 3,125,577 shares of the bank’s stock worth $110,677,000 after buying an additional 2,661,833 shares in the last quarter. TD Waterhouse Canada Inc. grew its stake in shares of Deutsche Bank Aktiengesellschaft by 43.2% in the 3rd quarter. TD Waterhouse Canada Inc. now owns 131,626 shares of the bank’s stock worth $4,673,000 after buying an additional 39,717 shares in the last quarter. Liontrust Investment Partners LLP purchased a new stake in shares of Deutsche Bank Aktiengesellschaft during the 2nd quarter valued at about $147,318,000. Finally, Generali Asset Management SPA SGR lifted its holdings in shares of Deutsche Bank Aktiengesellschaft by 51.9% in the 3rd quarter. Generali Asset Management SPA SGR now owns 408,691 shares of the bank’s stock valued at $14,472,000 after acquiring an additional 139,630 shares during the last quarter. 27.90% of the stock is currently owned by hedge funds and other institutional investors.

Deutsche Bank Aktiengesellschaft Price Performance

Shares of DB stock opened at $37.35 on Thursday. The company’s 50-day simple moving average is $38.47 and its two-hundred day simple moving average is $36.50. Deutsche Bank Aktiengesellschaft has a one year low of $18.89 and a one year high of $40.43. The company has a debt-to-equity ratio of 1.43, a quick ratio of 0.78 and a current ratio of 0.76.

Deutsche Bank Aktiengesellschaft (NYSE:DB) last announced its quarterly 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 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, sell-side analysts anticipate that Deutsche Bank Aktiengesellschaft will post 2.93 EPS for the current year.

Deutsche Bank Aktiengesellschaft Increases Dividend

The company 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. This is an increase from Deutsche Bank Aktiengesellschaft’s previous annual dividend of $0.51. This represents a dividend yield of 251.0%. The ex-dividend date is Monday, June 1st.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the company. Zacks Research cut Deutsche Bank Aktiengesellschaft from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, December 30th. Jefferies Financial Group began coverage on Deutsche Bank Aktiengesellschaft in a report on Monday, October 20th. They set a “hold” rating on the stock. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Deutsche Bank Aktiengesellschaft in a research note on Wednesday, January 21st. Morgan Stanley reiterated an “overweight” rating on shares of Deutsche Bank Aktiengesellschaft in a research report on Thursday, January 8th. Finally, Citigroup restated a “sell” rating on shares of Deutsche Bank Aktiengesellschaft in a report on Thursday, January 22nd. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on 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.