Munich Reinsurance Co Stock Corp in Munich Invests $58.07 Million in Deutsche Bank Aktiengesellschaft $DB

Munich Reinsurance Co Stock Corp in Munich purchased a new stake in shares of Deutsche Bank Aktiengesellschaft (NYSE:DB) during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 1,650,060 shares of the bank’s stock, valued at approximately $58,068,000. Deutsche Bank Aktiengesellschaft accounts for about 1.5% of Munich Reinsurance Co Stock Corp in Munich’s holdings, making the stock its 27th largest position.

Several other hedge funds have also recently bought and sold shares of the business. HUB Investment Partners LLC boosted its position in Deutsche Bank Aktiengesellschaft by 8.3% during the 3rd quarter. HUB Investment Partners LLC now owns 13,244 shares of the bank’s stock worth $469,000 after acquiring an additional 1,010 shares during the period. Legacy Capital Group California Inc. increased its holdings in shares of Deutsche Bank Aktiengesellschaft by 2.2% in the 3rd quarter. Legacy Capital Group California Inc. now owns 12,368 shares of the bank’s stock valued at $438,000 after purchasing an additional 264 shares during the period. Crossmark Global Holdings Inc. lifted its position in shares of Deutsche Bank Aktiengesellschaft by 3.4% in the third quarter. Crossmark Global Holdings Inc. now owns 173,450 shares of the bank’s stock worth $6,142,000 after purchasing an additional 5,724 shares in the last quarter. Orion Porfolio Solutions LLC increased its stake in Deutsche Bank Aktiengesellschaft by 22.1% in the 3rd quarter. Orion Porfolio Solutions LLC now owns 26,557 shares of the bank’s stock valued at $940,000 after buying an additional 4,804 shares during the period. Finally, Insigneo Advisory Services LLC acquired a new stake in shares of Deutsche Bank Aktiengesellschaft during the 3rd quarter valued at $320,000. 27.90% of the stock is owned by hedge funds and other institutional investors.

Deutsche Bank Aktiengesellschaft Stock Performance

DB stock opened at $31.27 on Friday. Deutsche Bank Aktiengesellschaft has a 1 year low of $18.89 and a 1 year high of $40.43. The company has a fifty day simple moving average of $37.48 and a 200 day simple moving average of $36.52. The company has a quick ratio of 0.78, a current ratio of 0.76 and a debt-to-equity ratio of 1.43.

Deutsche Bank Aktiengesellschaft (NYSE:DB) last posted its earnings results on Thursday, January 29th. The bank reported $0.88 earnings per share for the quarter, beating the consensus estimate of $0.72 by $0.16. Deutsche Bank Aktiengesellschaft had a return on equity of 7.49% and a net margin of 10.02%.The company had revenue of $8.99 billion for the quarter, compared to analyst estimates of $7.71 billion. As a group, research analysts expect that Deutsche Bank Aktiengesellschaft will post 2.93 EPS for the current fiscal year.

Deutsche Bank Aktiengesellschaft Increases Dividend

The business also recently disclosed an annual dividend, which will be paid on Tuesday, June 2nd. Investors of record on Monday, June 1st will be paid a $1.00 dividend. This represents a dividend yield of 251.0%. The ex-dividend date of this dividend is Monday, June 1st. This is a positive change from Deutsche Bank Aktiengesellschaft’s previous annual dividend of $0.51.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on DB shares. Wall Street Zen upgraded shares of Deutsche Bank Aktiengesellschaft from a “hold” rating to a “buy” rating in a report on Saturday, December 20th. Zacks Research cut Deutsche Bank Aktiengesellschaft from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, December 30th. Morgan Stanley restated an “overweight” rating on shares of Deutsche Bank Aktiengesellschaft in a research note on Thursday, January 8th. Citigroup reaffirmed a “sell” rating on shares of Deutsche Bank Aktiengesellschaft in a research report on Thursday, January 22nd. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Deutsche Bank Aktiengesellschaft in a research note on Wednesday, January 21st. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold”.

Deutsche Bank Aktiengesellschaft Company Profile

Deutsche Bank Aktiengesellschaft is a global banking and financial services company headquartered in Frankfurt, Germany. Founded in 1870 to support German foreign trade, the firm has grown into a full-service bank offering a wide range of banking, advisory and transaction services to corporate, institutional, and private clients. Over its history the bank has expanded internationally and developed capabilities across capital markets, investment banking, retail and commercial banking, and wealth management.

The bank’s core business activities include corporate and investment banking—covering financing, advisory, sales and trading, and capital markets services—along with private & commercial banking for individual and small-to-medium enterprise clients.