Massachusetts Wealth Management Sells 3,000 Shares of Deutsche Bank Aktiengesellschaft (NYSE:DB)

Massachusetts Wealth Management trimmed its position in shares of Deutsche Bank Aktiengesellschaft (NYSE:DB) by 15.2% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 16,800 shares of the bank’s stock after selling 3,000 shares during the period. Massachusetts Wealth Management’s holdings in Deutsche Bank Aktiengesellschaft were worth $265,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in DB. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH grew its stake in shares of Deutsche Bank Aktiengesellschaft by 10.4% in the 1st quarter. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH now owns 1,620,402 shares of the bank’s stock valued at $25,519,000 after purchasing an additional 152,498 shares during the period. Radnor Capital Management LLC grew its stake in shares of Deutsche Bank Aktiengesellschaft by 7.6% in the 1st quarter. Radnor Capital Management LLC now owns 48,200 shares of the bank’s stock valued at $760,000 after purchasing an additional 3,400 shares during the period. Aprio Wealth Management LLC grew its stake in shares of Deutsche Bank Aktiengesellschaft by 8.1% in the 1st quarter. Aprio Wealth Management LLC now owns 14,082 shares of the bank’s stock valued at $222,000 after purchasing an additional 1,050 shares during the period. Park Avenue Securities LLC grew its stake in shares of Deutsche Bank Aktiengesellschaft by 37.2% in the 1st quarter. Park Avenue Securities LLC now owns 19,591 shares of the bank’s stock valued at $309,000 after purchasing an additional 5,317 shares during the period. Finally, Banque Cantonale Vaudoise grew its stake in shares of Deutsche Bank Aktiengesellschaft by 4.0% in the 1st quarter. Banque Cantonale Vaudoise now owns 41,920 shares of the bank’s stock valued at $661,000 after purchasing an additional 1,600 shares during the period. 27.90% of the stock is currently owned by institutional investors.

Deutsche Bank Aktiengesellschaft Trading Up 3.8 %

NYSE:DB traded up $0.62 during trading hours on Thursday, hitting $17.03. 1,313,924 shares of the stock were exchanged, compared to its average volume of 1,248,184. The company’s 50 day moving average is $16.55 and its two-hundred day moving average is $14.95. Deutsche Bank Aktiengesellschaft has a twelve month low of $9.82 and a twelve month high of $17.95. 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 company has a market capitalization of $35.20 billion, a P/E ratio of 7.44, a price-to-earnings-growth ratio of 0.91 and a beta of 1.22.

Deutsche Bank Aktiengesellschaft (NYSE:DB) last posted its quarterly earnings data 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. Deutsche Bank Aktiengesellschaft had a return on equity of 5.47% and a net margin of 6.68%. The firm had revenue of $8.45 billion for the quarter, compared to the consensus estimate of $8.13 billion. On average, sell-side analysts anticipate that Deutsche Bank Aktiengesellschaft will post 2.25 earnings per share for the current fiscal year.

Deutsche Bank Aktiengesellschaft Cuts Dividend

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

Analyst Ratings Changes

A number of research firms recently commented on DB. Erste Group Bank upgraded Deutsche Bank Aktiengesellschaft from a “sell” rating to a “hold” rating in a research report on Wednesday, March 13th. Morgan Stanley upgraded Deutsche Bank Aktiengesellschaft from an “equal weight” rating to an “overweight” rating in a research report on Wednesday, March 27th. Finally, StockNews.com upgraded Deutsche Bank Aktiengesellschaft from a “hold” rating to a “buy” rating in a research report on Monday, March 18th. Four analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat, Deutsche Bank Aktiengesellschaft presently has an average rating of “Hold”.

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.