1832 Asset Management L.P. Sells 5,869 Shares of Deutsche Bank Aktiengesellschaft (NYSE:DB)

1832 Asset Management L.P. lessened its stake in shares of Deutsche Bank Aktiengesellschaft (NYSE:DB) by 2.8% during the first quarter, according to the company in its most recent disclosure with the SEC. The fund owned 201,866 shares of the bank’s stock after selling 5,869 shares during the quarter. 1832 Asset Management L.P.’s holdings in Deutsche Bank Aktiengesellschaft were worth $3,183,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. Vanguard Group Inc. grew its stake in shares of Deutsche Bank Aktiengesellschaft by 3.1% during the first quarter. Vanguard Group Inc. now owns 79,928,261 shares of the bank’s stock worth $1,260,469,000 after buying an additional 2,369,026 shares during the last quarter. Capital International Investors grew its stake in shares of Deutsche Bank Aktiengesellschaft by 163.4% in the first quarter. Capital International Investors now owns 48,638,662 shares of the bank’s stock worth $765,173,000 after purchasing an additional 30,173,405 shares during the last quarter. Norges Bank bought a new stake in shares of Deutsche Bank Aktiengesellschaft in the fourth quarter worth $326,093,000. Acadian Asset Management LLC grew its stake in shares of Deutsche Bank Aktiengesellschaft by 81.9% in the first quarter. Acadian Asset Management LLC now owns 16,069,955 shares of the bank’s stock worth $253,048,000 after purchasing an additional 7,237,525 shares during the last quarter. Finally, DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main grew its stake in shares of Deutsche Bank Aktiengesellschaft by 30.8% in 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 purchasing an additional 3,196,091 shares during the last quarter. Institutional investors own 27.90% of the company’s stock.

Deutsche Bank Aktiengesellschaft Trading Up 0.3 %

Shares of Deutsche Bank Aktiengesellschaft stock traded up $0.05 during trading on Friday, hitting $15.67. The company’s stock had a trading volume of 1,781,104 shares, compared to its average volume of 1,516,341. The company has a debt-to-equity ratio of 1.43, a current ratio of 0.78 and a quick ratio of 0.80. The stock has a market cap of $32.39 billion, a price-to-earnings ratio of 6.84, a price-to-earnings-growth ratio of 2.45 and a beta of 1.22. The stock has a 50-day moving average price of $16.38 and a two-hundred day moving average price of $15.30. Deutsche Bank Aktiengesellschaft has a 52 week low of $10.00 and a 52 week high of $17.95.

Deutsche Bank Aktiengesellschaft (NYSE:DB) last issued its quarterly earnings results on Thursday, April 25th. The bank reported $0.75 EPS for the quarter, beating analysts’ consensus estimates of $0.66 by $0.09. The business 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 5.56% and a return on equity of 4.69%. Equities research analysts anticipate that Deutsche Bank Aktiengesellschaft will post 2.29 EPS for the current fiscal year.

Deutsche Bank Aktiengesellschaft Cuts Dividend

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

Wall Street Analysts Forecast Growth

Separately, StockNews.com cut shares of Deutsche Bank Aktiengesellschaft from a “buy” rating to a “hold” rating in a research note on Friday.

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.