Acadian Asset Management LLC Buys 7,237,525 Shares of Deutsche Bank Aktiengesellschaft (NYSE:DB)

Acadian Asset Management LLC increased its stake in shares of Deutsche Bank Aktiengesellschaft (NYSE:DB) by 81.9% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 16,069,955 shares of the bank’s stock after acquiring an additional 7,237,525 shares during the quarter. Deutsche Bank Aktiengesellschaft makes up about 0.9% of Acadian Asset Management LLC’s portfolio, making the stock its 23rd largest position. Acadian Asset Management LLC owned approximately 0.78% of Deutsche Bank Aktiengesellschaft worth $253,048,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of DB. Norges Bank acquired a new stake in Deutsche Bank Aktiengesellschaft in the 4th quarter valued at $326,093,000. Capital International Investors acquired a new position in shares of Deutsche Bank Aktiengesellschaft during the fourth quarter valued at about $252,028,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main increased its position in shares of Deutsche Bank Aktiengesellschaft by 30.8% during the fourth quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 13,559,579 shares of the bank’s stock worth $185,233,000 after acquiring an additional 3,196,091 shares in the last quarter. Vanguard Group Inc. raised its holdings in shares of Deutsche Bank Aktiengesellschaft by 3.1% in the 1st quarter. Vanguard Group Inc. now owns 79,928,261 shares of the bank’s stock worth $1,260,469,000 after acquiring an additional 2,369,026 shares during the last quarter. Finally, Franklin Resources Inc. lifted its position in Deutsche Bank Aktiengesellschaft by 12.1% in the 4th quarter. Franklin Resources Inc. now owns 5,999,429 shares of the bank’s stock valued at $81,910,000 after acquiring an additional 648,738 shares in the last quarter. 27.90% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Separately, Morgan Stanley raised Deutsche Bank Aktiengesellschaft from an “equal weight” rating to an “overweight” rating in a report on Wednesday, March 27th.

Deutsche Bank Aktiengesellschaft Stock Down 1.3 %

Deutsche Bank Aktiengesellschaft stock traded down $0.22 during midday trading on Friday, hitting $16.30. 1,242,106 shares of the stock were exchanged, compared to its average volume of 1,209,209. The company has a quick ratio of 0.80, a current ratio of 0.80 and a debt-to-equity ratio of 1.40. The stock has a market capitalization of $33.69 billion, a price-to-earnings ratio of 7.12, a price-to-earnings-growth ratio of 3.14 and a beta of 1.22. Deutsche Bank Aktiengesellschaft has a 52-week low of $10.00 and a 52-week high of $17.95. The business’s 50-day moving average price is $16.49 and its 200-day moving average price is $15.23.

Deutsche Bank Aktiengesellschaft (NYSE:DB) last announced its quarterly earnings data on Thursday, April 25th. The bank reported $0.75 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.66 by $0.09. The firm had revenue of $8.45 billion during the quarter, compared to the consensus estimate of $8.13 billion. Deutsche Bank Aktiengesellschaft had a return on equity of 5.47% and a net margin of 6.68%. On average, research analysts expect that Deutsche Bank Aktiengesellschaft will post 2.27 EPS for the current fiscal year.

Deutsche Bank Aktiengesellschaft Cuts Dividend

The business also recently declared an annual dividend, which was paid on Tuesday, May 21st. Investors of record on Thursday, May 16th were issued a $0.3313 dividend. The ex-dividend date of this dividend was Friday, May 17th. This represents a dividend yield of 2.05%. Deutsche Bank Aktiengesellschaft’s dividend payout ratio (DPR) is presently 9.21%.

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.