Rhumbline Advisers Sells 3,060 Shares of Deutsche Bank Aktiengesellschaft (NYSE:DB)

Rhumbline Advisers decreased its stake in Deutsche Bank Aktiengesellschaft (NYSE:DB) by 10.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 26,448 shares of the bank’s stock after selling 3,060 shares during the period. Rhumbline Advisers’ holdings in Deutsche Bank Aktiengesellschaft were worth $451,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in DB. US Bancorp DE increased its stake in Deutsche Bank Aktiengesellschaft by 3.5% during the 3rd quarter. US Bancorp DE now owns 46,587 shares of the bank’s stock valued at $806,000 after purchasing an additional 1,590 shares in the last quarter. Fiera Capital Corp boosted its holdings in shares of Deutsche Bank Aktiengesellschaft by 124.3% in the third quarter. Fiera Capital Corp now owns 127,101 shares of the bank’s stock worth $2,200,000 after buying an additional 70,425 shares during the last quarter. Crossmark Global Holdings Inc. boosted its holdings in shares of Deutsche Bank Aktiengesellschaft by 29.4% in the third quarter. Crossmark Global Holdings Inc. now owns 166,809 shares of the bank’s stock worth $2,887,000 after buying an additional 37,904 shares during the last quarter. D Orazio & Associates Inc. purchased a new position in Deutsche Bank Aktiengesellschaft during the third quarter valued at approximately $225,000. Finally, Plato Investment Management Ltd purchased a new position in shares of Deutsche Bank Aktiengesellschaft in the third quarter worth $4,324,000. Institutional investors own 27.90% of the company’s stock.

Deutsche Bank Aktiengesellschaft Stock Performance

DB stock opened at $24.16 on Friday. The firm has a market cap of $48.12 billion, a price-to-earnings ratio of 17.38 and a beta of 1.23. The firm has a 50-day simple moving average of $19.61 and a two-hundred day simple moving average of $17.89. Deutsche Bank Aktiengesellschaft has a one year low of $13.70 and a one year high of $24.44. The company has a debt-to-equity ratio of 1.45, a quick ratio of 0.78 and a current ratio of 0.74.

Deutsche Bank Aktiengesellschaft (NYSE:DB) last posted its quarterly earnings data on Thursday, January 30th. The bank reported $0.16 earnings per share (EPS) 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%. On average, equities analysts forecast that Deutsche Bank Aktiengesellschaft will post 2.93 EPS for the current fiscal year.

Deutsche Bank Aktiengesellschaft Increases Dividend

The firm also recently declared an annual dividend, which will be paid on Tuesday, May 27th. Investors of record on Monday, May 26th will be issued a $0.5122 dividend. This represents a yield of 1.7%. The ex-dividend date of this dividend is Friday, May 23rd. This is an increase from Deutsche Bank Aktiengesellschaft’s previous annual dividend of $0.33. Deutsche Bank Aktiengesellschaft’s dividend payout ratio is 15.18%.

Analyst Upgrades and Downgrades

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

Deutsche Bank Aktiengesellschaft Company Profile

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.