Deutsche Bank Aktiengesellschaft Target of Unusually High Options Trading (NYSE:DB)

Deutsche Bank Aktiengesellschaft (NYSE:DB) was the recipient of unusually large options trading activity on Thursday. Traders acquired 6,637 put options on the company. This is an increase of 216% compared to the typical daily volume of 2,101 put options.

Deutsche Bank Aktiengesellschaft Stock Down 1.6%

Shares of NYSE:DB traded down $0.48 during midday trading on Thursday, reaching $28.75. The company’s stock had a trading volume of 990,804 shares, compared to its average volume of 3,341,380. Deutsche Bank Aktiengesellschaft has a fifty-two week low of $18.89 and a fifty-two week high of $40.43. The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 1.39. The firm has a 50 day moving average price of $36.10 and a two-hundred day moving average price of $36.19.

Deutsche Bank Aktiengesellschaft (NYSE:DB) last issued its earnings results on Thursday, January 29th. The bank reported $0.88 earnings per share for the quarter, topping analysts’ consensus estimates of $0.72 by $0.16. The business had revenue of $8.99 billion during the quarter, compared to the consensus estimate of $7.71 billion. Deutsche Bank Aktiengesellschaft had a return on equity of 7.44% and a net margin of 10.02%. As a group, equities analysts forecast 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, June 2nd. Investors of record on Monday, June 1st will be paid a dividend of $1.00 per share. This is a boost from Deutsche Bank Aktiengesellschaft’s previous annual dividend of $0.51. This represents a yield of 251.0%. The ex-dividend date of this dividend is Monday, June 1st.

Analysts Set New Price Targets

Several research firms have recently issued reports on DB. Zacks Research downgraded shares of Deutsche Bank Aktiengesellschaft from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, December 30th. Citigroup reaffirmed a “sell” rating on shares of Deutsche Bank Aktiengesellschaft in a research report on Thursday, January 22nd. Wall Street Zen lowered Deutsche Bank Aktiengesellschaft from a “buy” rating to a “hold” rating in a research report on Saturday, March 14th. Morgan Stanley reaffirmed an “overweight” rating on shares of Deutsche Bank Aktiengesellschaft in a research note on Thursday, January 8th. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of Deutsche Bank Aktiengesellschaft in a research report 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 assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold”.

Hedge Funds Weigh In On Deutsche Bank Aktiengesellschaft

A number of institutional investors and hedge funds have recently made changes to their positions in DB. TD Waterhouse Canada Inc. grew its stake in Deutsche Bank Aktiengesellschaft by 43.2% in the third quarter. TD Waterhouse Canada Inc. now owns 131,626 shares of the bank’s stock valued at $4,673,000 after acquiring an additional 39,717 shares during the period. Mediolanum International Funds Ltd raised its position in shares of Deutsche Bank Aktiengesellschaft by 50.8% during the third quarter. Mediolanum International Funds Ltd now owns 273,437 shares of the bank’s stock worth $9,632,000 after purchasing an additional 92,166 shares during the period. Commerzbank Aktiengesellschaft FI lifted its holdings in shares of Deutsche Bank Aktiengesellschaft by 574.0% in the 3rd quarter. Commerzbank Aktiengesellschaft FI now owns 3,125,577 shares of the bank’s stock worth $110,677,000 after purchasing an additional 2,661,833 shares in the last quarter. Liontrust Investment Partners LLP bought a new stake in Deutsche Bank Aktiengesellschaft during the 2nd quarter valued at $147,318,000. Finally, Generali Asset Management SPA SGR raised its holdings in Deutsche Bank Aktiengesellschaft by 51.9% during the third quarter. Generali Asset Management SPA SGR now owns 408,691 shares of the bank’s stock worth $14,472,000 after buying an additional 139,630 shares during the last quarter. Institutional investors own 27.90% of the company’s stock.

Deutsche Bank Aktiengesellschaft Company 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.