Seven Eight Capital LP Buys 77,491 Shares of Deutsche Bank Aktiengesellschaft (NYSE:DB)

Seven Eight Capital LP increased its stake in shares of Deutsche Bank Aktiengesellschaft (NYSE:DB) by 128.7% during the 1st quarter, HoldingsChannel.com reports. The fund owned 137,724 shares of the bank’s stock after acquiring an additional 77,491 shares during the period. Seven Eight Capital LP’s holdings in Deutsche Bank Aktiengesellschaft were worth $2,172,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Norges Bank bought a new stake in Deutsche Bank Aktiengesellschaft in the fourth quarter valued at approximately $326,093,000. Capital International Investors bought a new stake in Deutsche Bank Aktiengesellschaft in the fourth quarter valued at approximately $252,028,000. Acadian Asset Management LLC raised its stake in Deutsche Bank Aktiengesellschaft by 81.9% in the first quarter. Acadian Asset Management LLC now owns 16,069,955 shares of the bank’s stock valued at $253,048,000 after buying an additional 7,237,525 shares during the period. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main grew its position in shares of Deutsche Bank Aktiengesellschaft by 30.8% in the fourth quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 13,559,579 shares of the bank’s stock valued at $185,233,000 after purchasing an additional 3,196,091 shares during the last quarter. Finally, Vanguard Group Inc. grew its position in shares of Deutsche Bank Aktiengesellschaft by 3.1% in the first quarter. Vanguard Group Inc. now owns 79,928,261 shares of the bank’s stock valued at $1,260,469,000 after purchasing an additional 2,369,026 shares during the last quarter. Institutional investors own 27.90% of the company’s stock.

Analysts Set New Price Targets

Separately, Morgan Stanley raised Deutsche Bank Aktiengesellschaft from an “equal weight” rating to an “overweight” rating in a research report on Wednesday, March 27th.

Deutsche Bank Aktiengesellschaft Stock Performance

Shares of Deutsche Bank Aktiengesellschaft stock traded up $0.10 on Tuesday, hitting $17.03. The stock had a trading volume of 1,769,879 shares, compared to its average volume of 2,664,591. Deutsche Bank Aktiengesellschaft has a twelve month low of $10.00 and a twelve month high of $17.95. The business’s 50 day moving average is $16.48 and its two-hundred day moving average is $15.28. The company has a quick ratio of 0.80, a current ratio of 0.80 and a debt-to-equity ratio of 1.40. The stock has a market cap of $35.20 billion, a price-to-earnings ratio of 7.44, a price-to-earnings-growth ratio of 3.14 and a beta of 1.22.

Deutsche Bank Aktiengesellschaft (NYSE:DB) last posted its earnings results on Thursday, April 25th. The bank reported $0.75 EPS 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 the consensus estimate of $8.13 billion. Deutsche Bank Aktiengesellschaft had a return on equity of 5.47% and a net margin of 6.68%. Analysts forecast that Deutsche Bank Aktiengesellschaft will post 2.27 EPS for the current year.

Deutsche Bank Aktiengesellschaft Cuts Dividend

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

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.