Lansforsakringar Fondforvaltning AB publ Increases Stock Holdings in Deutsche Bank Aktiengesellschaft $DB

Lansforsakringar Fondforvaltning AB publ boosted its stake in Deutsche Bank Aktiengesellschaft (NYSE:DB) by 4.0% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 738,841 shares of the bank’s stock after purchasing an additional 28,637 shares during the period. Lansforsakringar Fondforvaltning AB publ’s holdings in Deutsche Bank Aktiengesellschaft were worth $26,001,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of DB. Norges Bank acquired a new position in shares of Deutsche Bank Aktiengesellschaft during the second quarter worth approximately $719,395,000. Fisher Asset Management LLC grew its position in Deutsche Bank Aktiengesellschaft by 35.0% during the second quarter. Fisher Asset Management LLC now owns 25,471,401 shares of the bank’s stock valued at $745,803,000 after purchasing an additional 6,605,750 shares in the last quarter. Amundi boosted its position in Deutsche Bank Aktiengesellschaft by 15.3% during the second quarter. Amundi now owns 40,664,519 shares of the bank’s stock valued at $1,182,931,000 after purchasing an additional 5,403,011 shares during the last quarter. Liontrust Investment Partners LLP acquired a new stake in shares of Deutsche Bank Aktiengesellschaft during the 2nd quarter valued at about $147,318,000. Finally, Acadian Asset Management LLC boosted its holdings in Deutsche Bank Aktiengesellschaft by 90.6% in the second quarter. Acadian Asset Management LLC now owns 9,837,047 shares of the bank’s stock worth $290,601,000 after purchasing an additional 4,674,860 shares in the last quarter. Institutional investors own 27.90% of the company’s stock.

Deutsche Bank Aktiengesellschaft Trading Up 2.5%

NYSE DB opened at $36.70 on Monday. 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 business’s 50-day moving average price is $38.32 and its two-hundred day moving average price is $36.65. 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 posted its quarterly earnings results on Thursday, January 29th. The bank reported $0.88 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.72 by $0.16. The business 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 7.49%. Sell-side analysts expect that Deutsche Bank Aktiengesellschaft will post 2.93 earnings per share 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 given 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 a boost from Deutsche Bank Aktiengesellschaft’s previous annual dividend of $0.51.

Analyst Ratings Changes

Several brokerages have recently issued reports on DB. Morgan Stanley restated an “overweight” rating on shares of Deutsche Bank Aktiengesellschaft in a research note on Thursday, January 8th. Wall Street Zen raised shares of Deutsche Bank Aktiengesellschaft from a “hold” rating to a “buy” rating in a report on Saturday, December 20th. Citigroup reaffirmed a “sell” rating on shares of Deutsche Bank Aktiengesellschaft in a research note on Thursday, January 22nd. Zacks Research downgraded shares of Deutsche Bank Aktiengesellschaft from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, December 30th. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Deutsche Bank Aktiengesellschaft in a research report on Wednesday, January 21st. 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 issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold”.

Deutsche Bank Aktiengesellschaft Company 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.