Park Avenue Securities LLC Grows Holdings in Deutsche Bank Aktiengesellschaft (NYSE:DB)

Park Avenue Securities LLC lifted its stake in shares of Deutsche Bank Aktiengesellschaft (NYSE:DB) by 37.2% in the first quarter, according to its most recent filing with the SEC. The fund owned 19,591 shares of the bank’s stock after acquiring an additional 5,317 shares during the period. Park Avenue Securities LLC’s holdings in Deutsche Bank Aktiengesellschaft were worth $309,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Banque Cantonale Vaudoise raised its stake in shares of Deutsche Bank Aktiengesellschaft by 4.0% during the first quarter. Banque Cantonale Vaudoise now owns 41,920 shares of the bank’s stock worth $661,000 after acquiring an additional 1,600 shares in the last quarter. Wellington Management Group LLP boosted its position in Deutsche Bank Aktiengesellschaft by 31.6% during the fourth quarter. Wellington Management Group LLP now owns 563,387 shares of the bank’s stock valued at $7,695,000 after buying an additional 135,371 shares during the period. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main grew its holdings in Deutsche Bank Aktiengesellschaft by 30.8% in the 4th quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 13,559,579 shares of the bank’s stock worth $185,233,000 after acquiring an additional 3,196,091 shares during the last quarter. Strategic Global Advisors LLC increased its position in shares of Deutsche Bank Aktiengesellschaft by 51.2% in the fourth quarter. Strategic Global Advisors LLC now owns 26,306 shares of the bank’s stock valued at $356,000 after acquiring an additional 8,904 shares during the period. Finally, Seven Eight Capital LP bought a new position in shares of Deutsche Bank Aktiengesellschaft during the fourth quarter valued at about $816,000. 27.90% of the stock is currently owned by hedge funds and other institutional investors.

Deutsche Bank Aktiengesellschaft Stock Performance

Deutsche Bank Aktiengesellschaft stock opened at $15.94 on Monday. Deutsche Bank Aktiengesellschaft has a fifty-two week low of $9.82 and a fifty-two week high of $17.95. The stock’s 50 day simple moving average is $16.53 and its two-hundred day simple moving average is $14.89. The company has a debt-to-equity ratio of 1.40, a quick ratio of 0.80 and a current ratio of 0.80. The stock has a market cap of $32.94 billion, a price-to-earnings ratio of 6.96, a PEG ratio of 0.88 and a beta of 1.25.

Deutsche Bank Aktiengesellschaft (NYSE:DB) last released its quarterly earnings results on Thursday, April 25th. The bank reported $0.75 earnings per share for the quarter, beating the consensus estimate of $0.66 by $0.09. The company had revenue of $8.45 billion for the quarter, compared to analyst estimates of $8.13 billion. Deutsche Bank Aktiengesellschaft had a return on equity of 5.47% and a net margin of 6.68%. As a group, analysts expect that Deutsche Bank Aktiengesellschaft will post 2.25 earnings per share for the current fiscal year.

Deutsche Bank Aktiengesellschaft Cuts Dividend

The firm also recently declared an annual dividend, which was paid on Tuesday, May 21st. Investors of record on Thursday, May 16th were paid a $0.3313 dividend. The ex-dividend date was Friday, May 17th. This represents a dividend yield of 2.05%.

Analyst Ratings Changes

A number of research analysts recently issued reports on the company. Morgan Stanley upgraded Deutsche Bank Aktiengesellschaft from an “equal weight” rating to an “overweight” rating in a report on Wednesday, March 27th. Erste Group Bank raised Deutsche Bank Aktiengesellschaft from a “sell” rating to a “hold” rating in a research note on Wednesday, March 13th. Finally, StockNews.com upgraded shares of Deutsche Bank Aktiengesellschaft from a “hold” rating to a “buy” rating in a report on Monday, March 18th. Four research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold”.

About Deutsche Bank Aktiengesellschaft

Deutsche Bank Aktiengesellschaft, a stock corporation, provides corporate and investment banking, and asset management products and services to private individuals, corporate entities, and institutional clients in Germany, the United Kingdom, rest of Europe, the Middle East, Africa, the Americas, and the Asia-Pacific.