141,500 Shares in Deutsche Bank Aktiengesellschaft $DB Bought by Teachers Retirement System of The State of Kentucky

Teachers Retirement System of The State of Kentucky acquired a new position in Deutsche Bank Aktiengesellschaft (NYSE:DB) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 141,500 shares of the bank’s stock, valued at approximately $5,011,000.

Other large investors have also recently modified their holdings of the company. Evergreen Capital Management LLC boosted its position in Deutsche Bank Aktiengesellschaft by 1.9% during the 2nd quarter. Evergreen Capital Management LLC now owns 15,436 shares of the bank’s stock valued at $452,000 after acquiring an additional 282 shares in the last quarter. Baron Wealth Management LLC lifted its stake in shares of Deutsche Bank Aktiengesellschaft by 1.1% in the 3rd quarter. Baron Wealth Management LLC now owns 27,401 shares of the bank’s stock valued at $970,000 after purchasing an additional 302 shares during the period. HB Wealth Management LLC grew its stake in Deutsche Bank Aktiengesellschaft by 3.5% in the third quarter. HB Wealth Management LLC now owns 9,057 shares of the bank’s stock worth $321,000 after purchasing an additional 304 shares during the period. Wedbush Securities Inc. raised its holdings in Deutsche Bank Aktiengesellschaft by 4.2% in the third quarter. Wedbush Securities Inc. now owns 8,226 shares of the bank’s stock worth $291,000 after purchasing an additional 331 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC lifted its position in Deutsche Bank Aktiengesellschaft by 0.8% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 41,905 shares of the bank’s stock valued at $1,457,000 after buying an additional 346 shares during the period. Institutional investors own 27.90% of the company’s stock.

Analyst Upgrades and Downgrades

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

Deutsche Bank Aktiengesellschaft Price Performance

Shares of DB opened at $33.38 on Thursday. The business’s fifty day simple moving average is $37.79 and its two-hundred day simple moving average is $36.58. Deutsche Bank Aktiengesellschaft has a 12 month low of $18.89 and a 12 month high of $40.43. 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 (NYSE:DB) last posted its quarterly earnings results on Thursday, January 29th. The bank reported $0.88 earnings per share for the quarter, topping the consensus estimate of $0.72 by $0.16. Deutsche Bank Aktiengesellschaft had a return on equity of 7.49% and a net margin of 10.02%.The firm had revenue of $8.99 billion during the quarter, compared to analysts’ expectations of $7.71 billion. On average, equities analysts expect that Deutsche Bank Aktiengesellschaft will post 2.93 earnings per share for the current year.

Deutsche Bank Aktiengesellschaft Increases Dividend

The business also recently declared an annual dividend, which will be paid on Tuesday, June 2nd. Stockholders of record on Monday, June 1st will be issued a dividend of $1.00 per share. This represents a dividend yield of 251.0%. The ex-dividend date of this dividend is Monday, June 1st. This is a boost from Deutsche Bank Aktiengesellschaft’s previous annual dividend of $0.51.

Deutsche Bank Aktiengesellschaft Profile

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.