Raymond James Financial Inc. Invests $6.46 Million in Deutsche Bank Aktiengesellschaft (NYSE:DB)

Raymond James Financial Inc. acquired a new position in shares of Deutsche Bank Aktiengesellschaft (NYSE:DB) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 379,092 shares of the bank’s stock, valued at approximately $6,464,000.

Other large investors also recently modified their holdings of the company. Versant Capital Management Inc acquired a new position in shares of Deutsche Bank Aktiengesellschaft during the 4th quarter worth about $26,000. Wilmington Savings Fund Society FSB acquired a new stake in Deutsche Bank Aktiengesellschaft in the 3rd quarter valued at about $43,000. Jones Financial Companies Lllp lifted its stake in Deutsche Bank Aktiengesellschaft by 1,270.5% in the 4th quarter. Jones Financial Companies Lllp now owns 4,043 shares of the bank’s stock valued at $69,000 after purchasing an additional 3,748 shares during the last quarter. Activest Wealth Management acquired a new stake in Deutsche Bank Aktiengesellschaft in the 4th quarter valued at about $86,000. Finally, Smartleaf Asset Management LLC lifted its stake in Deutsche Bank Aktiengesellschaft by 218.4% in the 4th quarter. Smartleaf Asset Management LLC now owns 7,278 shares of the bank’s stock valued at $125,000 after purchasing an additional 4,992 shares during the last quarter. 27.90% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on DB shares. 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 Friday, March 7th. StockNews.com upgraded shares of Deutsche Bank Aktiengesellschaft from a “hold” rating to a “buy” rating in a research note on Wednesday, February 5th. Citigroup restated a “neutral” rating on shares of Deutsche Bank Aktiengesellschaft in a research report on Monday, February 3rd. Finally, The Goldman Sachs Group upgraded shares of Deutsche Bank Aktiengesellschaft to a “strong-buy” rating in a research report on Thursday, January 30th. One investment analyst has rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Buy”.

Deutsche Bank Aktiengesellschaft Trading Up 0.4 %

Shares of DB stock opened at $24.24 on Monday. The firm has a 50 day moving average price of $20.93 and a two-hundred day moving average price of $18.44. 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 company has a market capitalization of $48.28 billion, a PE ratio of 17.44 and a beta of 1.23. Deutsche Bank Aktiengesellschaft has a 12-month low of $13.70 and a 12-month high of $25.03.

Deutsche Bank Aktiengesellschaft (NYSE:DB) last issued 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 return on equity of 3.90% and a net margin of 4.66%. As a group, analysts predict that Deutsche Bank Aktiengesellschaft will post 2.93 earnings per share for the current year.

Deutsche Bank Aktiengesellschaft Increases Dividend

The firm also recently announced an annual dividend, which will be paid on Tuesday, May 27th. Stockholders of record on Monday, May 26th will be issued a dividend of $0.5122 per share. The ex-dividend date is Friday, May 23rd. This is a boost from Deutsche Bank Aktiengesellschaft’s previous annual dividend of $0.33. This represents a dividend yield of 1.7%. Deutsche Bank Aktiengesellschaft’s dividend payout ratio (DPR) is currently 15.18%.

Deutsche Bank Aktiengesellschaft 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.