Norges Bank Purchases New Position in Deutsche Bank Aktiengesellschaft (NYSE:DB)

Norges Bank acquired a new position in Deutsche Bank Aktiengesellschaft (NYSE:DB) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 44,884,165 shares of the bank’s stock, valued at approximately $773,016,000. Norges Bank owned about 2.25% of Deutsche Bank Aktiengesellschaft at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of DB. Versant Capital Management Inc bought a new stake in Deutsche Bank Aktiengesellschaft in the fourth quarter worth $26,000. Wilmington Savings Fund Society FSB bought a new stake in shares of Deutsche Bank Aktiengesellschaft in the 3rd quarter worth about $43,000. Jones Financial Companies Lllp raised its position in shares of Deutsche Bank Aktiengesellschaft by 1,270.5% during the 4th quarter. Jones Financial Companies Lllp now owns 4,043 shares of the bank’s stock valued at $69,000 after buying an additional 3,748 shares in the last quarter. Activest Wealth Management bought a new position in shares of Deutsche Bank Aktiengesellschaft in the 4th quarter valued at about $86,000. Finally, Smartleaf Asset Management LLC grew its position in Deutsche Bank Aktiengesellschaft by 218.4% in the fourth quarter. Smartleaf Asset Management LLC now owns 7,278 shares of the bank’s stock worth $125,000 after acquiring an additional 4,992 shares in the last quarter. 27.90% of the stock is owned by hedge funds and other institutional investors.

Deutsche Bank Aktiengesellschaft Stock Performance

DB stock opened at $24.53 on Friday. Deutsche Bank Aktiengesellschaft has a twelve month low of $13.70 and a twelve month high of $25.33. The firm has a market cap of $48.86 billion, a price-to-earnings ratio of 17.64 and a beta of 1.23. The business’s fifty day simple moving average is $21.45 and its two-hundred day simple moving average is $18.65. The company has a quick ratio of 0.78, a current ratio of 0.74 and a debt-to-equity ratio of 1.45.

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

Deutsche Bank Aktiengesellschaft Increases Dividend

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

Analysts Set New Price Targets

DB has been the topic of a number of recent research reports. Morgan Stanley restated 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 research report on Thursday, January 30th. Citigroup reissued a “neutral” rating on shares of Deutsche Bank Aktiengesellschaft in a research note on Monday, February 3rd. StockNews.com raised shares of Deutsche Bank Aktiengesellschaft from a “hold” rating to a “buy” rating in a research note on Wednesday, February 5th. Finally, Barclays reissued an “overweight” rating on shares of Deutsche Bank Aktiengesellschaft in a research report on Monday, February 3rd. One equities research analyst has rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock presently 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.