Arrowstreet Capital Limited Partnership Sells 2,939,434 Shares of Deutsche Bank Aktiengesellschaft (NYSE:DB)

Arrowstreet Capital Limited Partnership lowered its position in shares of Deutsche Bank Aktiengesellschaft (NYSE:DB) by 7.2% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 37,834,547 shares of the bank’s stock after selling 2,939,434 shares during the period. Arrowstreet Capital Limited Partnership owned about 1.90% of Deutsche Bank Aktiengesellschaft worth $650,126,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Callan Family Office LLC bought a new stake in shares of Deutsche Bank Aktiengesellschaft during the fourth quarter worth about $1,320,000. Wellington Management Group LLP grew its holdings in 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 acquiring an additional 1,686,776 shares during the last quarter. Cerity Partners LLC increased its position in Deutsche Bank Aktiengesellschaft by 77.2% in the 3rd quarter. Cerity Partners LLC now owns 98,381 shares of the bank’s stock valued at $1,703,000 after acquiring an additional 42,860 shares during the period. Plato Investment Management Ltd raised its stake in shares of Deutsche Bank Aktiengesellschaft by 53.7% during the fourth quarter. Plato Investment Management Ltd now owns 383,517 shares of the bank’s stock valued at $6,632,000 after acquiring an additional 133,960 shares during the last quarter. Finally, Bank of New York Mellon Corp lifted its holdings in shares of Deutsche Bank Aktiengesellschaft by 2.9% during the fourth quarter. Bank of New York Mellon Corp now owns 3,132,515 shares of the bank’s stock worth $53,409,000 after purchasing an additional 88,606 shares during the period. Institutional investors and hedge funds own 27.90% of the company’s stock.

Deutsche Bank Aktiengesellschaft Stock Down 2.1 %

Shares of NYSE DB opened at $23.97 on Friday. The company has a quick ratio of 0.78, a current ratio of 0.74 and a debt-to-equity ratio of 1.45. The firm has a market cap of $47.76 billion, a PE ratio of 17.25 and a beta of 1.23. The company’s fifty day simple moving average is $21.55 and its 200 day simple moving average is $18.72. Deutsche Bank Aktiengesellschaft has a 12-month low of $13.70 and a 12-month high of $25.33.

Deutsche Bank Aktiengesellschaft (NYSE:DB) last issued its earnings results on Thursday, January 30th. The bank reported $0.16 EPS for the quarter, missing the consensus estimate of $0.43 by ($0.27). Deutsche Bank Aktiengesellschaft had a net margin of 4.66% and a return on equity of 3.90%. As a group, sell-side analysts forecast 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 disclosed 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 is an increase from Deutsche Bank Aktiengesellschaft’s previous annual dividend of $0.33. The ex-dividend date is Friday, May 23rd. This represents a dividend yield of 1.7%. Deutsche Bank Aktiengesellschaft’s payout ratio is currently 15.18%.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on DB. The Goldman Sachs Group raised Deutsche Bank Aktiengesellschaft to a “strong-buy” rating in a research report on Thursday, January 30th. Barclays restated an “overweight” rating on shares of Deutsche Bank Aktiengesellschaft in a research report on Monday, February 3rd. Royal Bank of Canada restated an “outperform” rating on shares of Deutsche Bank Aktiengesellschaft in a report on Monday, March 24th. Morgan Stanley reissued an “overweight” rating on shares of Deutsche Bank Aktiengesellschaft in a research report on Friday, March 7th. Finally, Citigroup reaffirmed a “neutral” rating on shares of Deutsche Bank Aktiengesellschaft in a research note on Monday, February 3rd. One equities research analyst has rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Deutsche Bank Aktiengesellschaft 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.