Norges Bank Takes $773.02 Million Position in Deutsche Bank Aktiengesellschaft (NYSE:DB)

Norges Bank acquired a new stake in shares of Deutsche Bank Aktiengesellschaft (NYSE:DB) during the fourth quarter, HoldingsChannel reports. The fund acquired 44,884,165 shares of the bank’s stock, valued at approximately $773,016,000.

Several other institutional investors also recently bought and sold shares of the business. Amundi boosted its position in Deutsche Bank Aktiengesellschaft by 23.6% during the 4th quarter. Amundi now owns 39,176,325 shares of the bank’s stock valued at $678,926,000 after acquiring an additional 7,484,594 shares in the last quarter. Wellington Management Group LLP lifted its stake in shares of Deutsche Bank Aktiengesellschaft by 332.0% during the 3rd quarter. Wellington Management Group LLP now owns 2,194,855 shares of the bank’s stock worth $37,964,000 after purchasing an additional 1,686,776 shares during the last quarter. Public Employees Retirement System of Ohio bought a new stake in Deutsche Bank Aktiengesellschaft during the third quarter valued at about $28,515,000. Korea Investment CORP raised its holdings in Deutsche Bank Aktiengesellschaft by 101.9% in the fourth quarter. Korea Investment CORP now owns 1,647,146 shares of the bank’s stock worth $28,382,000 after purchasing an additional 831,251 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of Deutsche Bank Aktiengesellschaft by 23.5% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,546,283 shares of the bank’s stock valued at $44,042,000 after buying an additional 483,788 shares during the last quarter. 27.90% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

DB has been the topic of a number of analyst reports. Citigroup reaffirmed a “neutral” rating on shares of Deutsche Bank Aktiengesellschaft in a research report on Monday, February 3rd. StockNews.com raised Deutsche Bank Aktiengesellschaft from a “hold” rating to a “buy” rating in a research report on Wednesday, February 5th. Morgan Stanley reiterated an “overweight” rating on shares of Deutsche Bank Aktiengesellschaft in a report on Friday, March 7th. The Goldman Sachs Group raised Deutsche Bank Aktiengesellschaft to a “strong-buy” rating in a research report on Thursday, January 30th. Finally, Barclays reissued an “overweight” rating on shares of Deutsche Bank Aktiengesellschaft in a report on Monday, February 3rd. One research analyst has rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Buy”.

Deutsche Bank Aktiengesellschaft Trading Down 0.7 %

NYSE DB opened at $24.53 on Friday. The stock has a market cap of $48.86 billion, a P/E ratio of 17.64 and a beta of 1.23. The company has a current ratio of 0.74, a quick ratio of 0.78 and a debt-to-equity ratio of 1.45. Deutsche Bank Aktiengesellschaft has a 12-month low of $13.70 and a 12-month high of $25.33. The company has a fifty day simple moving average of $21.45 and a two-hundred day simple moving average of $18.65.

Deutsche Bank Aktiengesellschaft (NYSE:DB) last issued its quarterly earnings results on Thursday, January 30th. The bank reported $0.16 EPS for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.27). Deutsche Bank Aktiengesellschaft had a return on equity of 3.90% and a net margin of 4.66%. On average, analysts forecast that Deutsche Bank Aktiengesellschaft will post 2.93 earnings per share for the current year.

Deutsche Bank Aktiengesellschaft Increases Dividend

The firm also recently declared an annual dividend, which will be paid on Tuesday, May 27th. Shareholders of record on Monday, May 26th will be given a dividend of $0.5122 per share. The ex-dividend date of this dividend is Friday, May 23rd. This is a positive change from Deutsche Bank Aktiengesellschaft’s previous annual dividend of $0.33. This represents a yield of 1.7%. Deutsche Bank Aktiengesellschaft’s dividend payout ratio (DPR) is currently 15.18%.

Deutsche Bank Aktiengesellschaft Profile

Deutsche Bank Aktiengesellschaft, a stock corporation, provides corporate and investment banking, and asset management products and services to private individuals, corporate entities, and institutional clients in Germany, the United Kingdom, rest of Europe, the Middle East, Africa, the Americas, and the Asia-Pacific.