Gemsstock Ltd. Takes Position in Deutsche Bank Aktiengesellschaft (NYSE:DB)

Gemsstock Ltd. purchased a new position in Deutsche Bank Aktiengesellschaft (NYSE:DB) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 908,973 shares of the bank’s stock, valued at approximately $15,498,000. Deutsche Bank Aktiengesellschaft makes up about 3.1% of Gemsstock Ltd.’s holdings, making the stock its 7th largest position.

Other institutional investors and hedge funds have also bought and sold shares of the company. Charles Schwab Investment Management Inc. boosted its holdings in shares of Deutsche Bank Aktiengesellschaft by 16.6% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 143,505 shares of the bank’s stock valued at $2,484,000 after buying an additional 20,478 shares in the last quarter. FMR LLC boosted its stake in Deutsche Bank Aktiengesellschaft by 13.7% during the third quarter. FMR LLC now owns 1,647,327 shares of the bank’s stock worth $28,419,000 after acquiring an additional 198,404 shares in the last quarter. Townsquare Capital LLC purchased a new stake in Deutsche Bank Aktiengesellschaft in the third quarter worth about $273,000. Verition Fund Management LLC bought a new position in shares of Deutsche Bank Aktiengesellschaft during the third quarter valued at approximately $735,000. Finally, Royal London Asset Management Ltd. boosted its position in shares of Deutsche Bank Aktiengesellschaft by 6.0% in the 3rd quarter. Royal London Asset Management Ltd. now owns 332,959 shares of the bank’s stock worth $5,764,000 after purchasing an additional 18,793 shares in the last quarter. 27.90% of the stock is currently owned by hedge funds and other institutional investors.

Deutsche Bank Aktiengesellschaft Trading Down 10.7 %

Deutsche Bank Aktiengesellschaft stock opened at $20.44 on Friday. Deutsche Bank Aktiengesellschaft has a one year low of $13.70 and a one year high of $25.33. The business’s fifty day moving average is $21.90 and its 200 day moving average is $18.96. The company has a debt-to-equity ratio of 1.45, a current ratio of 0.74 and a quick ratio of 0.78. The stock has a market capitalization of $40.71 billion, a PE ratio of 14.70 and a beta of 1.03.

Deutsche Bank Aktiengesellschaft (NYSE:DB) last announced 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, sell-side analysts predict that Deutsche Bank Aktiengesellschaft will post 2.93 EPS for the current year.

Deutsche Bank Aktiengesellschaft Increases Dividend

The company also recently declared an annual dividend, which will be paid on Tuesday, May 27th. Stockholders of record on Monday, May 26th will be issued a dividend of $0.5122 per share. This represents a dividend yield of 1.7%. This is a boost from Deutsche Bank Aktiengesellschaft’s previous annual dividend of $0.33. The ex-dividend date of this dividend is Friday, May 23rd. Deutsche Bank Aktiengesellschaft’s dividend payout ratio is presently 15.18%.

Analyst Ratings Changes

A number of research firms recently weighed in on DB. Morgan Stanley reaffirmed an “overweight” rating on shares of Deutsche Bank Aktiengesellschaft in a research report on Friday, March 7th. The Goldman Sachs Group upgraded Deutsche Bank Aktiengesellschaft to a “strong-buy” rating in a report on Thursday, January 30th. Citigroup reissued a “neutral” rating on shares of Deutsche Bank Aktiengesellschaft in a research report on Monday, February 3rd. Royal Bank of Canada reiterated an “outperform” rating on shares of Deutsche Bank Aktiengesellschaft in a research note on Monday, March 24th. Finally, Barclays reissued an “overweight” rating on shares of Deutsche Bank Aktiengesellschaft in a research report on Monday, February 3rd. One research analyst has rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Buy”.

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.