Toronto Dominion Bank Decreases Stake in Deutsche Bank Aktiengesellschaft (NYSE:DB)

Toronto Dominion Bank lowered its holdings in Deutsche Bank Aktiengesellschaft (NYSE:DB) by 19.1% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,003,252 shares of the bank’s stock after selling 236,267 shares during the quarter. Toronto Dominion Bank’s holdings in Deutsche Bank Aktiengesellschaft were worth $15,821,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently modified their holdings of DB. Capital International Investors raised its stake in shares of Deutsche Bank Aktiengesellschaft by 163.4% in the first quarter. Capital International Investors now owns 48,638,662 shares of the bank’s stock worth $765,173,000 after purchasing an additional 30,173,405 shares during the last quarter. Norges Bank purchased a new stake in Deutsche Bank Aktiengesellschaft during the fourth quarter valued at $326,093,000. Acadian Asset Management LLC increased its position in Deutsche Bank Aktiengesellschaft by 81.9% during the first quarter. Acadian Asset Management LLC now owns 16,069,955 shares of the bank’s stock valued at $253,048,000 after acquiring an additional 7,237,525 shares during the last quarter. Capital International Inc. CA increased its position in Deutsche Bank Aktiengesellschaft by 414.1% during the first quarter. Capital International Inc. CA now owns 7,371,601 shares of the bank’s stock valued at $115,971,000 after acquiring an additional 5,937,749 shares during the last quarter. Finally, DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main increased its position in Deutsche Bank Aktiengesellschaft by 30.8% during 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 acquiring an additional 3,196,091 shares during the last quarter. Hedge funds and other institutional investors own 27.90% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com cut Deutsche Bank Aktiengesellschaft from a “buy” rating to a “hold” rating in a research report on Friday.

Deutsche Bank Aktiengesellschaft Stock Performance

DB traded up $0.06 during midday trading on Friday, reaching $15.68. The company had a trading volume of 1,781,067 shares, compared to its average volume of 2,667,960. 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 business has a 50-day moving average of $16.38 and a two-hundred day moving average of $15.29. The company has a market cap of $32.40 billion, a P/E ratio of 6.84, a P/E/G ratio of 2.94 and a beta of 1.22. Deutsche Bank Aktiengesellschaft has a 1 year low of $10.00 and a 1 year high of $17.95.

Deutsche Bank Aktiengesellschaft (NYSE:DB) last issued its quarterly earnings results on Thursday, April 25th. The bank reported $0.75 EPS for the quarter, topping analysts’ consensus estimates of $0.66 by $0.09. The business had revenue of $8.45 billion during the quarter, compared to analysts’ expectations 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, equities research analysts predict that Deutsche Bank Aktiengesellschaft will post 2.29 earnings per share for the current fiscal year.

Deutsche Bank Aktiengesellschaft Cuts Dividend

The business also recently declared an annual dividend, which was paid on Tuesday, May 21st. Shareholders of record on Thursday, May 16th were given a $0.3313 dividend. This represents a yield of 2.05%. The ex-dividend date of this dividend was Friday, May 17th. Deutsche Bank Aktiengesellschaft’s payout ratio is 9.21%.

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.