Allworth Financial LP Has $111,000 Stake in Deutsche Bank Aktiengesellschaft (NYSE:DB)

Allworth Financial LP decreased its stake in Deutsche Bank Aktiengesellschaft (NYSE:DB) by 21.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 6,517 shares of the bank’s stock after selling 1,735 shares during the quarter. Allworth Financial LP’s holdings in Deutsche Bank Aktiengesellschaft were worth $111,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in the stock. Versant Capital Management Inc acquired a new stake in shares of Deutsche Bank Aktiengesellschaft during the fourth quarter worth about $26,000. Wilmington Savings Fund Society FSB bought a new position in Deutsche Bank Aktiengesellschaft in the third quarter valued at approximately $43,000. Activest Wealth Management bought a new position in Deutsche Bank Aktiengesellschaft in the fourth quarter valued at approximately $86,000. Legacy Capital Group California Inc. bought a new position in Deutsche Bank Aktiengesellschaft in the third quarter valued at approximately $195,000. Finally, Bleakley Financial Group LLC grew its stake in Deutsche Bank Aktiengesellschaft by 9.3% in the fourth quarter. Bleakley Financial Group LLC now owns 11,607 shares of the bank’s stock valued at $198,000 after purchasing an additional 990 shares in the last quarter. Institutional investors and hedge funds own 27.90% of the company’s stock.

Deutsche Bank Aktiengesellschaft Price Performance

Shares of DB opened at $20.31 on Monday. Deutsche Bank Aktiengesellschaft has a 12-month low of $13.20 and a 12-month high of $20.96. The business has a 50-day simple moving average of $18.64 and a two-hundred day simple moving average of $17.40. The company has a quick ratio of 0.78, a current ratio of 0.74 and a debt-to-equity ratio of 1.45. The stock has a market cap of $40.45 billion, a PE ratio of 14.61 and a beta of 1.22.

Deutsche Bank Aktiengesellschaft (NYSE:DB) last issued its quarterly earnings results on Thursday, January 30th. The bank reported $0.16 earnings per share for the quarter, missing the consensus estimate of $0.43 by ($0.27). Deutsche Bank Aktiengesellschaft had a net margin of 4.66% and a return on equity of 3.90%. Analysts anticipate that Deutsche Bank Aktiengesellschaft will post 2.93 earnings per share for the current fiscal year.

Deutsche Bank Aktiengesellschaft Increases Dividend

The firm also recently announced an annual dividend, which will be paid on Tuesday, May 27th. Investors of record on Monday, May 26th will be given a dividend of $0.5122 per share. This is a positive change from Deutsche Bank Aktiengesellschaft’s previous annual dividend of $0.33. The ex-dividend date of this dividend is Friday, May 23rd. This represents a dividend yield of 1.7%. Deutsche Bank Aktiengesellschaft’s dividend payout ratio is presently 51.08%.

Analysts Set New Price Targets

A number of research analysts have weighed in on the company. StockNews.com upgraded Deutsche Bank Aktiengesellschaft from a “hold” rating to a “buy” rating in a research note on Wednesday, February 5th. The Goldman Sachs Group upgraded Deutsche Bank Aktiengesellschaft to a “strong-buy” rating in a research note on Thursday, January 30th. Barclays reiterated an “overweight” rating on shares of Deutsche Bank Aktiengesellschaft in a research note on Monday, February 3rd. Morgan Stanley reiterated an “overweight” rating on shares of Deutsche Bank Aktiengesellschaft in a research note on Monday, February 3rd. Finally, Citigroup reiterated a “neutral” rating on shares of Deutsche Bank Aktiengesellschaft in a research note on Monday, February 3rd. Two equities research analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Deutsche Bank Aktiengesellschaft presently has an average rating of “Moderate Buy”.

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.