Pitcairn Co. Raises Stake in Deutsche Bank Aktiengesellschaft (NYSE:DB)

Pitcairn Co. increased its stake in Deutsche Bank Aktiengesellschaft (NYSE:DB) by 5.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 13,742 shares of the bank’s stock after buying an additional 740 shares during the period. Pitcairn Co.’s holdings in Deutsche Bank Aktiengesellschaft were worth $234,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in DB. Callan Family Office LLC purchased a new position in shares of Deutsche Bank Aktiengesellschaft during the fourth quarter worth approximately $1,320,000. Wellington Management Group LLP increased its holdings in Deutsche Bank Aktiengesellschaft by 332.0% during the 3rd quarter. Wellington Management Group LLP now owns 2,194,855 shares of the bank’s stock worth $37,964,000 after purchasing an additional 1,686,776 shares during the period. Plato Investment Management Ltd raised its position in Deutsche Bank Aktiengesellschaft by 53.7% during the 4th quarter. Plato Investment Management Ltd now owns 383,517 shares of the bank’s stock valued at $6,632,000 after purchasing an additional 133,960 shares in the last quarter. Bank of New York Mellon Corp grew its position in shares of Deutsche Bank Aktiengesellschaft by 2.9% during the 4th quarter. Bank of New York Mellon Corp now owns 3,132,515 shares of the bank’s stock worth $53,409,000 after buying an additional 88,606 shares in the last quarter. Finally, Ritholtz Wealth Management grew its position in shares of Deutsche Bank Aktiengesellschaft by 10.9% during the 4th quarter. Ritholtz Wealth Management now owns 162,545 shares of the bank’s stock worth $2,771,000 after buying an additional 15,917 shares in the last quarter. Institutional investors own 27.90% of the company’s stock.

Deutsche Bank Aktiengesellschaft Stock Performance

Shares of DB stock opened at $20.44 on Monday. The business’s fifty day simple moving average is $21.90 and its 200-day simple moving average is $18.98. The company has a market cap of $40.71 billion, a PE ratio of 14.70 and a beta of 1.03. The company has a current ratio of 0.74, a quick ratio of 0.78 and a debt-to-equity ratio of 1.45. Deutsche Bank Aktiengesellschaft has a 12-month low of $13.70 and a 12-month high of $25.33.

Deutsche Bank Aktiengesellschaft (NYSE:DB) last announced its earnings results 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%. Analysts expect that Deutsche Bank Aktiengesellschaft will post 2.93 earnings per share for the current fiscal year.

Deutsche Bank Aktiengesellschaft Increases Dividend

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

Analyst Upgrades and Downgrades

A number of research firms have commented on DB. Barclays reissued an “overweight” rating on shares of Deutsche Bank Aktiengesellschaft in a research report on Monday, February 3rd. Royal Bank of Canada reissued an “outperform” rating on shares of Deutsche Bank Aktiengesellschaft in a report on Monday, March 24th. Morgan Stanley restated an “overweight” rating on shares of Deutsche Bank Aktiengesellschaft in a report on Friday, March 7th. Citigroup reiterated a “neutral” rating on shares of Deutsche Bank Aktiengesellschaft in a report on Monday, February 3rd. Finally, StockNews.com upgraded Deutsche Bank Aktiengesellschaft from a “hold” rating to a “buy” rating in a research note on Wednesday, February 5th. One analyst has rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Buy”.

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.