Deutsche Bank Aktiengesellschaft (NYSE:DB) Short Interest Down 20.7% in January

Deutsche Bank Aktiengesellschaft (NYSE:DB) was the recipient of a significant decline in short interest in the month of January. As of January 30th, there was short interest totaling 5,280,611 shares, a decline of 20.7% from the January 15th total of 6,662,962 shares. Based on an average daily volume of 3,218,645 shares, the days-to-cover ratio is presently 1.6 days. Based on an average daily volume of 3,218,645 shares, the days-to-cover ratio is presently 1.6 days.

Deutsche Bank Aktiengesellschaft Stock Performance

Shares of NYSE:DB traded down $1.40 during trading on Friday, reaching $35.27. 5,020,251 shares of the company’s stock traded hands, compared to its average volume of 3,116,623. The stock has a market capitalization of $70.26 billion, a P/E ratio of 10.28, a price-to-earnings-growth ratio of 0.32 and a beta of 0.95. Deutsche Bank Aktiengesellschaft has a 12 month low of $18.89 and a 12 month high of $40.43. The company has a 50 day moving average of $38.46 and a 200-day moving average of $36.54. The company has a debt-to-equity ratio of 1.43, a current ratio of 0.76 and a quick ratio of 0.78.

Deutsche Bank Aktiengesellschaft (NYSE:DB) last issued its earnings results on Thursday, January 29th. The bank reported $0.88 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.72 by $0.16. The firm had revenue of $8.99 billion for the quarter, compared to analysts’ expectations of $7.71 billion. Deutsche Bank Aktiengesellschaft had a net margin of 10.02% and a return on equity of 7.49%. On average, equities analysts expect that Deutsche Bank Aktiengesellschaft will post 2.93 EPS for the current year.

Deutsche Bank Aktiengesellschaft Increases Dividend

The business 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 yield of 251.0%. This is an increase from Deutsche Bank Aktiengesellschaft’s previous annual dividend of $0.51. Deutsche Bank Aktiengesellschaft’s payout ratio is presently 6.15%.

Institutional Investors Weigh In On Deutsche Bank Aktiengesellschaft

A number of hedge funds have recently added to or reduced their stakes in DB. Root Financial Partners LLC bought a new position in shares of Deutsche Bank Aktiengesellschaft during the third quarter worth about $27,000. Salomon & Ludwin LLC boosted its stake in Deutsche Bank Aktiengesellschaft by 2,807.4% during the 3rd quarter. Salomon & Ludwin LLC now owns 785 shares of the bank’s stock valued at $28,000 after purchasing an additional 758 shares during the period. Triumph Capital Management bought a new position in Deutsche Bank Aktiengesellschaft in the 3rd quarter worth about $32,000. Cary Street Partners Investment Advisory LLC increased its stake in shares of Deutsche Bank Aktiengesellschaft by 61.8% in the third quarter. Cary Street Partners Investment Advisory LLC now owns 1,081 shares of the bank’s stock valued at $38,000 after purchasing an additional 413 shares during the period. Finally, Westside Investment Management Inc. raised its holdings in shares of Deutsche Bank Aktiengesellschaft by 100.0% during the third quarter. Westside Investment Management Inc. now owns 1,186 shares of the bank’s stock valued at $42,000 after buying an additional 593 shares during the last quarter. 27.90% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research analysts recently weighed in on DB shares. Morgan Stanley reaffirmed an “overweight” rating on shares of Deutsche Bank Aktiengesellschaft in a research report on Thursday, January 8th. 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. Weiss Ratings reissued a “buy (b)” rating on shares of Deutsche Bank Aktiengesellschaft in a report on Wednesday, January 21st. Citigroup reissued a “sell” rating on shares of Deutsche Bank Aktiengesellschaft in a report on Thursday, January 22nd. Finally, Zacks Research lowered shares of Deutsche Bank Aktiengesellschaft from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, December 30th. One research 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 given a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold”.

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.