Achmea Investment Management B.V. Buys Shares of 127,530 Deutsche Bank Aktiengesellschaft $DB

Achmea Investment Management B.V. bought a new stake in shares of Deutsche Bank Aktiengesellschaft (NYSE:DBFree Report) in the 3rd quarter, according to its most recent filing with the SEC. The institutional investor bought 127,530 shares of the bank’s stock, valued at approximately $4,489,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Advisory Services Network LLC acquired a new stake in shares of Deutsche Bank Aktiengesellschaft in the 3rd quarter valued at about $59,000. NewEdge Advisors LLC increased its holdings in Deutsche Bank Aktiengesellschaft by 3,421.1% in the third quarter. NewEdge Advisors LLC now owns 7,852 shares of the bank’s stock valued at $278,000 after buying an additional 7,629 shares during the last quarter. Armistice Capital LLC acquired a new stake in Deutsche Bank Aktiengesellschaft during the third quarter valued at approximately $343,000. Triumph Capital Management bought a new position in Deutsche Bank Aktiengesellschaft during the 3rd quarter worth approximately $32,000. Finally, Zurich Insurance Group Ltd FI lifted its holdings in Deutsche Bank Aktiengesellschaft by 496.8% during the 3rd quarter. Zurich Insurance Group Ltd FI now owns 491,178 shares of the bank’s stock worth $17,252,000 after buying an additional 408,871 shares during the last quarter. 27.90% of the stock is owned by institutional investors and hedge funds.

Deutsche Bank Aktiengesellschaft Stock Performance

Shares of DB opened at $29.25 on Thursday. The firm has a 50-day moving average price of $36.10 and a 200 day moving average price of $36.19. The company has a current ratio of 1.10, a quick ratio of 1.10 and a debt-to-equity ratio of 1.39. Deutsche Bank Aktiengesellschaft has a 52-week low of $18.89 and a 52-week high of $40.43.

Deutsche Bank Aktiengesellschaft (NYSE:DBGet Free Report) last released its quarterly earnings results on Thursday, January 29th. The bank reported $0.88 EPS for the quarter, topping analysts’ consensus estimates of $0.72 by $0.16. The company had revenue of $8.99 billion for the quarter, compared to the consensus estimate of $7.71 billion. Deutsche Bank Aktiengesellschaft had a net margin of 10.02% and a return on equity of 7.44%. On average, sell-side analysts predict that Deutsche Bank Aktiengesellschaft will post 2.93 earnings per share for the current fiscal year.

Deutsche Bank Aktiengesellschaft Increases Dividend

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

Deutsche Bank Aktiengesellschaft News Roundup

Here are the key news stories impacting Deutsche Bank Aktiengesellschaft this week:

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the company. Wall Street Zen downgraded Deutsche Bank Aktiengesellschaft from a “buy” rating to a “hold” rating in a report on Saturday, March 14th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Deutsche Bank Aktiengesellschaft in a report on Wednesday, January 21st. 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. Citigroup restated a “sell” rating on shares of Deutsche Bank Aktiengesellschaft in a research report on Thursday, January 22nd. Finally, Morgan Stanley reaffirmed an “overweight” rating on shares of Deutsche Bank Aktiengesellschaft in a research report on Thursday, January 8th. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, five have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, Deutsche Bank Aktiengesellschaft presently has a consensus rating of “Hold”.

Check Out Our Latest Report on Deutsche Bank Aktiengesellschaft

About Deutsche Bank Aktiengesellschaft

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Deutsche Bank Aktiengesellschaft (NYSE:DB)

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