Causeway Capital Management LLC Reduces Stock Holdings in Deutsche Bank Aktiengesellschaft $DB

Causeway Capital Management LLC cut its position in Deutsche Bank Aktiengesellschaft (NYSE:DB) by 8.8% in the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 17,618,765 shares of the bank’s stock after selling 1,696,378 shares during the period. Deutsche Bank Aktiengesellschaft makes up about 8.2% of Causeway Capital Management LLC’s investment portfolio, making the stock its 3rd largest position. Causeway Capital Management LLC’s holdings in Deutsche Bank Aktiengesellschaft were worth $620,201,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. AQR Capital Management LLC grew its position in shares of Deutsche Bank Aktiengesellschaft by 15.9% in the 1st quarter. AQR Capital Management LLC now owns 126,101 shares of the bank’s stock valued at $3,005,000 after acquiring an additional 17,262 shares during the period. Focus Partners Wealth acquired a new stake in Deutsche Bank Aktiengesellschaft in the 1st quarter valued at about $795,000. Sivia Capital Partners LLC bought a new position in Deutsche Bank Aktiengesellschaft during the second quarter worth about $413,000. Savant Capital LLC boosted its stake in shares of Deutsche Bank Aktiengesellschaft by 33.0% during the 2nd quarter. Savant Capital LLC now owns 11,529 shares of the bank’s stock worth $338,000 after acquiring an additional 2,863 shares during the period. Finally, Wedbush Securities Inc. bought a new position in Deutsche Bank Aktiengesellschaft during the second quarter worth $231,000. 27.90% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities analysts have recently weighed in on DB shares. Wall Street Zen raised shares of Deutsche Bank Aktiengesellschaft from a “hold” rating to a “buy” rating in a research report on Saturday, December 20th. Citigroup reissued a “sell” rating on shares of Deutsche Bank Aktiengesellschaft in a report on Thursday, January 22nd. Weiss Ratings restated a “buy (b)” rating on shares of Deutsche Bank Aktiengesellschaft in a research report on Wednesday, January 21st. Zacks Research cut Deutsche Bank Aktiengesellschaft from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, December 30th. Finally, Morgan Stanley reissued an “overweight” rating on shares of Deutsche Bank Aktiengesellschaft in a research report on Thursday, January 8th. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, Deutsche Bank Aktiengesellschaft currently has an average rating of “Hold”.

Deutsche Bank Aktiengesellschaft Stock Up 1.1%

Shares of Deutsche Bank Aktiengesellschaft stock opened at $31.59 on Tuesday. The firm’s 50-day moving average price is $37.34 and its two-hundred day moving average price is $36.48. The company has a current ratio of 0.76, a quick ratio of 0.78 and a debt-to-equity ratio of 1.43. Deutsche Bank Aktiengesellschaft has a 12-month low of $18.89 and a 12-month high of $40.43.

Deutsche Bank Aktiengesellschaft (NYSE:DB) last posted its quarterly earnings results on Thursday, January 29th. The bank reported $0.88 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.72 by $0.16. Deutsche Bank Aktiengesellschaft had a net margin of 10.02% and a return on equity of 7.49%. The business had revenue of $8.99 billion for the quarter, compared to analyst estimates of $7.71 billion. As a group, sell-side 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 disclosed an annual dividend, which will be paid on Tuesday, June 2nd. Investors of record on Monday, June 1st will be given a dividend of $1.00 per share. The ex-dividend date is Monday, June 1st. This represents a dividend yield of 251.0%. This is an increase from Deutsche Bank Aktiengesellschaft’s previous annual dividend of $0.51.

About Deutsche Bank Aktiengesellschaft

Deutsche Bank Aktiengesellschaft is a global banking and financial services company headquartered in Frankfurt, Germany. Founded in 1870 to support German foreign trade, the firm has grown into a full-service bank offering a wide range of banking, advisory and transaction services to corporate, institutional, and private clients. Over its history the bank has expanded internationally and developed capabilities across capital markets, investment banking, retail and commercial banking, and wealth management.

The bank’s core business activities include corporate and investment banking—covering financing, advisory, sales and trading, and capital markets services—along with private & commercial banking for individual and small-to-medium enterprise clients.