DekaBank Deutsche Girozentrale Sells 2,237,121 Shares of Deutsche Bank Aktiengesellschaft $DB

DekaBank Deutsche Girozentrale lessened its holdings in shares of Deutsche Bank Aktiengesellschaft (NYSE:DB) by 11.2% in the fourth quarter, HoldingsChannel.com reports. The firm owned 17,786,599 shares of the bank’s stock after selling 2,237,121 shares during the period. Deutsche Bank Aktiengesellschaft comprises 1.1% of DekaBank Deutsche Girozentrale’s holdings, making the stock its 11th largest position. DekaBank Deutsche Girozentrale’s holdings in Deutsche Bank Aktiengesellschaft were worth $704,380,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in DB. Amundi lifted its holdings in shares of Deutsche Bank Aktiengesellschaft by 22.0% in the third quarter. Amundi now owns 49,597,003 shares of the bank’s stock valued at $1,732,919,000 after purchasing an additional 8,932,484 shares in the last quarter. Fisher Asset Management LLC raised its stake in shares of Deutsche Bank Aktiengesellschaft by 3.8% during the 3rd quarter. Fisher Asset Management LLC now owns 26,432,006 shares of the bank’s stock valued at $935,957,000 after purchasing an additional 960,605 shares during the period. Credit Agricole S A bought a new position in Deutsche Bank Aktiengesellschaft in the 3rd quarter worth about $237,336,000. Viking Global Investors LP purchased a new position in Deutsche Bank Aktiengesellschaft during the 3rd quarter valued at about $214,593,000. Finally, Capital World Investors increased its position in shares of Deutsche Bank Aktiengesellschaft by 1.2% during the third quarter. Capital World Investors now owns 4,442,141 shares of the bank’s stock valued at $156,201,000 after buying an additional 51,972 shares during the period. Institutional investors and hedge funds own 27.90% of the company’s stock.

Deutsche Bank Aktiengesellschaft Trading Down 2.2%

Deutsche Bank Aktiengesellschaft stock opened at $31.86 on Thursday. Deutsche Bank Aktiengesellschaft has a 12 month low of $24.73 and a 12 month high of $40.43. The company has a market capitalization of $61.81 billion, a price-to-earnings ratio of 9.29, a price-to-earnings-growth ratio of 0.42 and a beta of 1.03. The business’s fifty day simple moving average is $32.23 and its two-hundred day simple moving average is $35.33. The company has a current ratio of 1.10, a quick ratio of 1.10 and a debt-to-equity ratio of 1.39.

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, topping analysts’ consensus estimates of $0.72 by $0.16. The company had revenue of $8.99 billion during the quarter, compared to analyst estimates of $7.71 billion. Deutsche Bank Aktiengesellschaft had a net margin of 10.02% and a return on equity of 7.44%. As a group, equities analysts predict that Deutsche Bank Aktiengesellschaft will post 4.04 earnings per share for the current fiscal year.

Deutsche Bank Aktiengesellschaft Increases Dividend

The business also recently declared an annual dividend, which will be paid on Tuesday, June 2nd. Investors of record on Friday, May 29th will be issued a dividend of $1.00 per share. This represents a yield of 251.0%. The ex-dividend date is Friday, May 29th. This is a boost from Deutsche Bank Aktiengesellschaft’s previous annual dividend of $0.51.

Analysts Set New Price Targets

Several brokerages recently commented on DB. Morgan Stanley reaffirmed an “overweight” rating on shares of Deutsche Bank Aktiengesellschaft in a research note on Thursday, January 8th. Zacks Research cut Deutsche Bank Aktiengesellschaft from a “strong-buy” rating to a “hold” rating in a report on Tuesday, December 30th. Wall Street Zen lowered shares of Deutsche Bank Aktiengesellschaft from a “buy” rating to a “hold” rating in a report on Saturday, March 14th. Citigroup raised Deutsche Bank Aktiengesellschaft from a “sell” rating to a “hold” rating in a research note on Thursday, April 9th. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Deutsche Bank Aktiengesellschaft in a research report on Monday. Four equities research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. According to data from MarketBeat, Deutsche Bank Aktiengesellschaft presently has an average rating of “Hold”.

Key Deutsche Bank Aktiengesellschaft News

Here are the key news stories impacting Deutsche Bank Aktiengesellschaft this week:

• Positive Sentiment: Deutsche Bank research remains active and visible: the firm has been publicly reiterating constructive views on large tech advertisers (notably Meta) and maintained a Buy on ServiceNow (albeit with a lower price target), which underscores DB’s ongoing investment-banking and research franchise that can support fee income and client engagement. Deutsche Bank Maintains Buy Rating on ServiceNow (NOW)
• Neutral Sentiment: Deutsche Bank is hosting its dbVIC (ADR Virtual Investor Conference) presentations this week (participants include First Pacific, Lotus Tech, Belite Bio, WeRide). These events reinforce DB’s capital-markets and investor-relations role but are not an immediate driver of DB equity moves. First Pacific to Present at the dbVIC
• Neutral Sentiment: Deutsche Bank published thematic research on crypto adoption (U.S. adoption showing rebound, but long-term Bitcoin forecasts remain uncertain). This highlights DB’s macro/research footprint but is unlikely to move DB shares materially on its own. Deutsche Bank: US Crypto Adoption Rebounds
• Negative Sentiment: Barclays downgraded Deutsche Bank to Equal Weight / Hold this week — a direct negative catalyst. The downgrade increases near-term selling pressure as some investors and funds track broker ratings and may trim exposure. Barclays Downgrades Deutsche Bank Aktiengesellschaft (DB) to Equal Weight

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.