Charles Schwab Investment Management Inc. Has $2.78 Million Stock Position in Deutsche Bank Aktiengesellschaft (NYSE:DB)

Charles Schwab Investment Management Inc. raised its stake in Deutsche Bank Aktiengesellschaft (NYSE:DB) by 13.7% in the 4th quarter, HoldingsChannel reports. The fund owned 163,234 shares of the bank’s stock after buying an additional 19,729 shares during the quarter. Charles Schwab Investment Management Inc.’s holdings in Deutsche Bank Aktiengesellschaft were worth $2,783,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the stock. Versant Capital Management Inc acquired a new position in Deutsche Bank Aktiengesellschaft during the 4th quarter worth $26,000. Wilmington Savings Fund Society FSB bought a new stake in shares of Deutsche Bank Aktiengesellschaft during the third quarter worth $43,000. Jones Financial Companies Lllp boosted its holdings in Deutsche Bank Aktiengesellschaft by 1,270.5% in the fourth quarter. Jones Financial Companies Lllp now owns 4,043 shares of the bank’s stock valued at $69,000 after acquiring an additional 3,748 shares during the last quarter. Activest Wealth Management acquired a new stake in Deutsche Bank Aktiengesellschaft in the fourth quarter worth about $86,000. Finally, Smartleaf Asset Management LLC raised its holdings in Deutsche Bank Aktiengesellschaft by 218.4% during the 4th quarter. Smartleaf Asset Management LLC now owns 7,278 shares of the bank’s stock worth $125,000 after purchasing an additional 4,992 shares during the last quarter. 27.90% of the stock is owned by institutional investors.

Deutsche Bank Aktiengesellschaft Stock Down 0.7 %

Shares of NYSE:DB opened at $24.53 on Friday. The company has a 50 day moving average price of $21.45 and a two-hundred day moving average price of $18.65. The company has a debt-to-equity ratio of 1.45, a quick ratio of 0.78 and a current ratio of 0.74. The company has a market capitalization of $48.86 billion, a PE ratio of 17.64 and a beta of 1.23. Deutsche Bank Aktiengesellschaft has a 52 week low of $13.70 and a 52 week high of $25.33.

Deutsche Bank Aktiengesellschaft (NYSE:DB) last issued its quarterly earnings data on Thursday, January 30th. The bank reported $0.16 EPS for the quarter, missing the consensus estimate of $0.43 by ($0.27). Deutsche Bank Aktiengesellschaft had a return on equity of 3.90% and a net margin of 4.66%. Analysts forecast that Deutsche Bank Aktiengesellschaft will post 2.93 earnings per share for the current year.

Deutsche Bank Aktiengesellschaft Increases Dividend

The firm also recently disclosed an annual dividend, which will be paid on Tuesday, May 27th. Investors of record on Monday, May 26th will be given a $0.5122 dividend. The ex-dividend date of this dividend is Friday, May 23rd. This is a positive change from Deutsche Bank Aktiengesellschaft’s previous annual dividend of $0.33. This represents a dividend yield of 1.7%. Deutsche Bank Aktiengesellschaft’s payout ratio is currently 15.18%.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on DB. Citigroup reaffirmed a “neutral” rating on shares of Deutsche Bank Aktiengesellschaft in a research note on Monday, February 3rd. The Goldman Sachs Group raised shares of Deutsche Bank Aktiengesellschaft to a “strong-buy” rating in a report on Thursday, January 30th. Morgan Stanley reissued an “overweight” rating on shares of Deutsche Bank Aktiengesellschaft in a research note on Friday, March 7th. StockNews.com raised Deutsche Bank Aktiengesellschaft from a “hold” rating to a “buy” rating in a research note on Wednesday, February 5th. Finally, Barclays reissued an “overweight” rating on shares of Deutsche Bank Aktiengesellschaft in a research note on Monday, February 3rd. One research analyst has rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Buy”.

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.