Gemsstock Ltd. Makes New Investment in Deutsche Bank Aktiengesellschaft (NYSE:DB)

Gemsstock Ltd. purchased a new stake in shares of Deutsche Bank Aktiengesellschaft (NYSE:DB) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm purchased 908,973 shares of the bank’s stock, valued at approximately $15,498,000. Deutsche Bank Aktiengesellschaft comprises approximately 3.1% of Gemsstock Ltd.’s portfolio, making the stock its 7th biggest position.

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

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the company. Barclays reiterated an “overweight” rating on shares of Deutsche Bank Aktiengesellschaft in a research report 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. Citigroup reaffirmed a “neutral” rating on shares of Deutsche Bank Aktiengesellschaft in a research note on Monday, February 3rd. The Goldman Sachs Group upgraded shares of Deutsche Bank Aktiengesellschaft to a “strong-buy” rating in a research report on Thursday, January 30th. Finally, Morgan Stanley restated an “overweight” rating on shares of Deutsche Bank Aktiengesellschaft in a research report on Friday, March 7th. One investment analyst has rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Buy”.

Deutsche Bank Aktiengesellschaft Stock Performance

NYSE:DB opened at $20.44 on Friday. The company has a debt-to-equity ratio of 1.45, a quick ratio of 0.78 and a current ratio of 0.74. Deutsche Bank Aktiengesellschaft has a fifty-two week low of $13.70 and a fifty-two week high of $25.33. The business has a 50 day moving average price of $21.90 and a 200-day moving average price of $18.96. The firm has a market cap 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 earnings per share (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%. Equities research analysts predict 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. This is a positive change from Deutsche Bank Aktiengesellschaft’s previous annual dividend of $0.33. The ex-dividend date of this dividend is Friday, May 23rd. This represents a yield of 1.7%. Deutsche Bank Aktiengesellschaft’s dividend payout ratio is presently 15.18%.

Deutsche Bank Aktiengesellschaft Company 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.