Canada Pension Plan Investment Board Sells 235,211 Shares of Deutsche Bank Aktiengesellschaft (NYSE:DB)

Canada Pension Plan Investment Board lowered its stake in shares of Deutsche Bank Aktiengesellschaft (NYSE:DB) by 10.2% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 2,078,724 shares of the bank’s stock after selling 235,211 shares during the quarter. Canada Pension Plan Investment Board’s holdings in Deutsche Bank Aktiengesellschaft were worth $35,801,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in DB. Venturi Wealth Management LLC grew its position in Deutsche Bank Aktiengesellschaft by 1.6% during the fourth quarter. Venturi Wealth Management LLC now owns 32,990 shares of the bank’s stock valued at $562,000 after buying an additional 513 shares during the period. Sequoia Financial Advisors LLC lifted its stake in Deutsche Bank Aktiengesellschaft by 3.9% in the fourth quarter. Sequoia Financial Advisors LLC now owns 14,189 shares of the bank’s stock valued at $242,000 after purchasing an additional 537 shares during the last quarter. Truist Financial Corp increased its position in Deutsche Bank Aktiengesellschaft by 4.8% in the fourth quarter. Truist Financial Corp now owns 13,801 shares of the bank’s stock worth $235,000 after buying an additional 636 shares during the last quarter. Pitcairn Co. lifted its position in shares of Deutsche Bank Aktiengesellschaft by 5.7% during the 4th quarter. Pitcairn Co. now owns 13,742 shares of the bank’s stock valued at $234,000 after buying an additional 740 shares during the last quarter. Finally, Bleakley Financial Group LLC increased its holdings in Deutsche Bank Aktiengesellschaft by 9.3% in the 4th quarter. Bleakley Financial Group LLC now owns 11,607 shares of the bank’s stock worth $198,000 after acquiring an additional 990 shares during the last quarter. 27.90% of the stock is owned by institutional investors.

Deutsche Bank Aktiengesellschaft Stock Performance

NYSE DB opened at $23.45 on Friday. The company has a market capitalization of $46.70 billion, a P/E ratio of 16.87 and a beta of 1.03. 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 52-week low of $13.70 and a 52-week high of $25.33. The company has a fifty day moving average of $22.51 and a 200-day moving average of $19.35.

Deutsche Bank Aktiengesellschaft (NYSE:DB) last released its earnings results 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%. As a group, equities research analysts predict that Deutsche Bank Aktiengesellschaft will post 2.93 EPS for the current fiscal year.

Deutsche Bank Aktiengesellschaft Increases Dividend

The business also recently announced an annual dividend, which will be paid on Tuesday, May 27th. Stockholders of record on Monday, May 26th will be given a $0.5122 dividend. 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 is Friday, May 23rd. Deutsche Bank Aktiengesellschaft’s dividend payout ratio (DPR) is currently 15.18%.

Analyst Ratings Changes

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 note on Friday, March 7th. Royal Bank of Canada reissued an “outperform” rating on shares of Deutsche Bank Aktiengesellschaft in a report on Monday, March 24th. Barclays restated an “overweight” rating on shares of Deutsche Bank Aktiengesellschaft in a research report on Monday, February 3rd. The Goldman Sachs Group raised shares of Deutsche Bank Aktiengesellschaft to a “strong-buy” rating in a report on Thursday, January 30th. Finally, Citigroup restated a “neutral” rating on shares of Deutsche Bank Aktiengesellschaft in a research report on Monday, February 3rd. One 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 company. According to MarketBeat, Deutsche Bank Aktiengesellschaft has a consensus rating of “Buy”.

About Deutsche Bank Aktiengesellschaft

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.