Assetmark Inc. Has $10.48 Million Stock Holdings in Deutsche Bank Aktiengesellschaft $DB

Assetmark Inc. grew its stake in Deutsche Bank Aktiengesellschaft (NYSE:DB) by 8.2% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 295,836 shares of the bank’s stock after purchasing an additional 22,495 shares during the quarter. Assetmark Inc.’s holdings in Deutsche Bank Aktiengesellschaft were worth $10,476,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in DB. AQR Capital Management LLC lifted its stake in Deutsche Bank Aktiengesellschaft by 15.9% in the first quarter. AQR Capital Management LLC now owns 126,101 shares of the bank’s stock valued at $3,005,000 after buying an additional 17,262 shares during the period. Focus Partners Wealth bought a new stake in shares of Deutsche Bank Aktiengesellschaft in the 1st quarter valued at about $795,000. Sivia Capital Partners LLC acquired a new stake in shares of Deutsche Bank Aktiengesellschaft in the 2nd quarter valued at approximately $413,000. IFP Advisors Inc grew its holdings in Deutsche Bank Aktiengesellschaft by 345.6% during the second quarter. IFP Advisors Inc now owns 3,440 shares of the bank’s stock valued at $101,000 after purchasing an additional 2,668 shares during the period. Finally, Yousif Capital Management LLC grew its holdings in Deutsche Bank Aktiengesellschaft by 7.4% during the second quarter. Yousif Capital Management LLC now owns 33,251 shares of the bank’s stock valued at $974,000 after purchasing an additional 2,300 shares during the period. 27.90% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on DB shares. 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. Zacks Research downgraded Deutsche Bank Aktiengesellschaft from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, December 30th. Weiss Ratings reissued a “buy (b)” rating on shares of Deutsche Bank Aktiengesellschaft in a research note on Wednesday, January 21st. Jefferies Financial Group started coverage on Deutsche Bank Aktiengesellschaft in a research report on Monday, October 20th. They set a “hold” rating on the stock. Finally, Morgan Stanley reiterated an “overweight” rating on shares of Deutsche Bank Aktiengesellschaft in a research report on Thursday, January 8th. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold”.

Deutsche Bank Aktiengesellschaft Price Performance

Shares of DB stock opened at $35.27 on Monday. The firm’s fifty day moving average price is $38.46 and its two-hundred day moving average price is $36.57. The company has a current ratio of 0.76, a quick ratio of 0.78 and a debt-to-equity ratio of 1.43. Deutsche Bank Aktiengesellschaft has a 1 year low of $18.89 and a 1 year high of $40.43.

Deutsche Bank Aktiengesellschaft (NYSE:DB) last announced its quarterly earnings data on Thursday, January 29th. The bank reported $0.88 earnings per share for the quarter, beating the consensus estimate of $0.72 by $0.16. Deutsche Bank Aktiengesellschaft had a return on equity of 7.49% and a net margin of 10.02%.The company had revenue of $8.99 billion during the quarter, compared to analysts’ expectations of $7.71 billion. As a group, analysts expect that Deutsche Bank Aktiengesellschaft will post 2.93 EPS for the current year.

Deutsche Bank Aktiengesellschaft Increases Dividend

The business also recently disclosed 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 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.