Deutsche Bank Aktiengesellschaft $DB Shares Acquired by Cibc World Market Inc.

Cibc World Market Inc. increased its holdings in Deutsche Bank Aktiengesellschaft (NYSE:DB) by 121.7% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 181,591 shares of the bank’s stock after purchasing an additional 99,701 shares during the quarter. Cibc World Market Inc.’s holdings in Deutsche Bank Aktiengesellschaft were worth $6,381,000 at the end of the most recent reporting period.

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

Deutsche Bank Aktiengesellschaft Price Performance

DB stock opened at $35.27 on Friday. The company has a current ratio of 0.76, a quick ratio of 0.78 and a debt-to-equity ratio of 1.43. The firm has a 50 day moving average of $38.46 and a 200-day moving average of $36.54. Deutsche Bank Aktiengesellschaft has a 12-month low of $18.89 and a 12-month high of $40.43.

Deutsche Bank Aktiengesellschaft (NYSE:DB) last announced 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 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%. As a group, research analysts expect that Deutsche Bank Aktiengesellschaft will post 2.93 EPS for the current year.

Deutsche Bank Aktiengesellschaft Increases Dividend

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

Analysts Set New Price Targets

Several analysts have recently weighed in on the stock. Citigroup reissued a “sell” rating on shares of Deutsche Bank Aktiengesellschaft in a research note on Thursday, January 22nd. Jefferies Financial Group initiated coverage on Deutsche Bank Aktiengesellschaft in a research report on Monday, October 20th. They issued a “hold” rating on the stock. Zacks Research cut Deutsche Bank Aktiengesellschaft from a “strong-buy” rating to a “hold” rating in a report on Tuesday, December 30th. Weiss Ratings restated a “buy (b)” rating on shares of Deutsche Bank Aktiengesellschaft in a report on Wednesday, January 21st. Finally, Wall Street Zen raised shares of Deutsche Bank Aktiengesellschaft from a “hold” rating to a “buy” rating in a research report on Saturday, December 20th. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, Deutsche Bank Aktiengesellschaft presently has a consensus rating of “Hold”.

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.