Franklin Resources Inc. Grows Stock Position in Deutsche Bank Aktiengesellschaft (NYSE:DB)

Franklin Resources Inc. lifted its stake in Deutsche Bank Aktiengesellschaft (NYSE:DB) by 12.1% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 5,999,429 shares of the bank’s stock after buying an additional 648,738 shares during the quarter. Franklin Resources Inc. owned approximately 0.29% of Deutsche Bank Aktiengesellschaft worth $81,910,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of DB. Raymond James & Associates boosted its position in Deutsche Bank Aktiengesellschaft by 6.6% in the 3rd quarter. Raymond James & Associates now owns 34,647 shares of the bank’s stock worth $381,000 after purchasing an additional 2,156 shares in the last quarter. Signaturefd LLC grew its position in Deutsche Bank Aktiengesellschaft by 17.7% during the third quarter. Signaturefd LLC now owns 28,083 shares of the bank’s stock valued at $309,000 after buying an additional 4,231 shares during the period. Syon Capital LLC purchased a new position in Deutsche Bank Aktiengesellschaft in the third quarter valued at $224,000. Assenagon Asset Management S.A. raised its position in shares of Deutsche Bank Aktiengesellschaft by 1.0% in the third quarter. Assenagon Asset Management S.A. now owns 108,153 shares of the bank’s stock worth $1,197,000 after acquiring an additional 1,100 shares during the period. Finally, Callan Capital LLC purchased a new stake in shares of Deutsche Bank Aktiengesellschaft during the 3rd quarter worth about $118,000. 27.90% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the company. Morgan Stanley raised Deutsche Bank Aktiengesellschaft from an “equal weight” rating to an “overweight” rating in a report on Wednesday, March 27th. Erste Group Bank raised shares of Deutsche Bank Aktiengesellschaft from a “sell” rating to a “hold” rating in a research note on Wednesday, March 13th. StockNews.com raised shares of Deutsche Bank Aktiengesellschaft from a “hold” rating to a “buy” rating in a report on Monday, March 18th. Finally, Citigroup lowered shares of Deutsche Bank Aktiengesellschaft from a “buy” rating to a “neutral” rating in a research report on Wednesday, January 31st. Four equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat.com, Deutsche Bank Aktiengesellschaft has an average rating of “Hold”.

Deutsche Bank Aktiengesellschaft Stock Performance

Shares of NYSE:DB opened at $16.70 on Friday. The company has a debt-to-equity ratio of 1.40, a current ratio of 0.80 and a quick ratio of 0.80. Deutsche Bank Aktiengesellschaft has a 1 year low of $9.82 and a 1 year high of $17.95. The firm has a market capitalization of $34.52 billion, a PE ratio of 7.29, a P/E/G ratio of 0.95 and a beta of 1.30. The business’s 50 day moving average price is $16.21 and its 200-day moving average price is $14.11.

Deutsche Bank Aktiengesellschaft (NYSE:DB) last announced its earnings results on Thursday, April 25th. The bank reported $0.75 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.66 by $0.09. The company had revenue of $8.45 billion for the quarter, compared to analysts’ expectations of $8.13 billion. Deutsche Bank Aktiengesellschaft had a net margin of 6.68% and a return on equity of 5.47%. As a group, equities research analysts expect that Deutsche Bank Aktiengesellschaft will post 2.21 earnings per share for the current fiscal year.

Deutsche Bank Aktiengesellschaft Cuts Dividend

The firm also recently disclosed an annual dividend, which was paid on Tuesday, May 21st. Shareholders of record on Thursday, May 16th were issued a $0.3313 dividend. The ex-dividend date was Friday, May 17th. This represents a yield of 2.05%.

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.