Deutsche Bank Aktiengesellschaft $DB Shares Acquired by Zurcher Kantonalbank Zurich Cantonalbank

Zurcher Kantonalbank Zurich Cantonalbank grew its stake in Deutsche Bank Aktiengesellschaft (NYSE:DB) by 1.0% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,632,150 shares of the bank’s stock after purchasing an additional 16,593 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Deutsche Bank Aktiengesellschaft were worth $63,468,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently added to or reduced their stakes in DB. Root Financial Partners LLC acquired a new position in Deutsche Bank Aktiengesellschaft during the third quarter worth $27,000. Salomon & Ludwin LLC raised its holdings in shares of Deutsche Bank Aktiengesellschaft by 2,807.4% during the 3rd quarter. Salomon & Ludwin LLC now owns 785 shares of the bank’s stock worth $28,000 after acquiring an additional 758 shares during the period. Triumph Capital Management purchased a new position in shares of Deutsche Bank Aktiengesellschaft during the 3rd quarter worth $32,000. Cary Street Partners Investment Advisory LLC boosted its position in shares of Deutsche Bank Aktiengesellschaft by 61.8% during the 3rd quarter. Cary Street Partners Investment Advisory LLC now owns 1,081 shares of the bank’s stock valued at $38,000 after acquiring an additional 413 shares during the last quarter. Finally, Westside Investment Management Inc. grew its holdings 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 during the period. Hedge funds and other institutional investors own 27.90% of the company’s stock.

Deutsche Bank Aktiengesellschaft Stock Down 0.9%

Shares of DB opened at $33.38 on Tuesday. The company’s 50-day moving average price is $32.43 and its 200 day moving average price is $35.37. Deutsche Bank Aktiengesellschaft has a 12-month low of $22.99 and a 12-month high of $40.43. The company has a current ratio of 1.10, a quick ratio of 1.10 and a debt-to-equity ratio of 1.39. The firm has a market cap of $64.75 billion, a P/E ratio of 9.73, a price-to-earnings-growth ratio of 0.43 and a beta of 1.03.

Deutsche Bank Aktiengesellschaft (NYSE:DB) last announced its earnings results on Thursday, January 29th. The bank reported $0.88 earnings per share for the quarter, topping the consensus estimate of $0.72 by $0.16. Deutsche Bank Aktiengesellschaft had a net margin of 10.02% and a return on equity of 7.44%. The company had revenue of $8.99 billion during the quarter, compared to analyst estimates of $7.71 billion. On average, sell-side analysts forecast that Deutsche Bank Aktiengesellschaft will post 4.04 earnings per share 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. Investors of record on Friday, May 29th will be given a dividend of $1.00 per share. This represents a dividend yield of 251.0%. The ex-dividend date of this dividend is Friday, May 29th. This is an increase from Deutsche Bank Aktiengesellschaft’s previous annual dividend of $0.51.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on DB shares. Wall Street Zen cut shares of Deutsche Bank Aktiengesellschaft from a “buy” rating to a “hold” rating in a research report on Saturday, March 14th. Zacks Research cut shares of Deutsche Bank Aktiengesellschaft from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, December 30th. Citigroup upgraded shares of Deutsche Bank Aktiengesellschaft from a “sell” rating to a “hold” rating in a report on Thursday, April 9th. Barclays cut Deutsche Bank Aktiengesellschaft from an “overweight” rating to an “equal weight” rating in a report on Monday. Finally, Morgan Stanley reiterated an “overweight” rating on shares of Deutsche Bank Aktiengesellschaft in a research report on Thursday, January 8th. Four investment analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus 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.