Commerzbank AG (OTCMKTS:CRZBY) Shares Bought by GAMMA Investing LLC

GAMMA Investing LLC raised its position in Commerzbank AG (OTCMKTS:CRZBY - Free Report) by 5,022.0% during the 1st quarter, according to its most recent filing with the SEC. The firm owned 94,757 shares of the financial services provider's stock after buying an additional 92,907 shares during the quarter. GAMMA Investing LLC's holdings in Commerzbank were worth $2,160,000 as of its most recent filing with the SEC.

Commerzbank Stock Performance

OTCMKTS CRZBY traded down $0.19 during trading hours on Friday, reaching $32.34. The company's stock had a trading volume of 12,969 shares, compared to its average volume of 37,495. The stock has a market cap of $38.31 billion, a PE ratio of 16.93 and a beta of 0.73. Commerzbank AG has a fifty-two week low of $13.28 and a fifty-two week high of $32.60. The company's 50-day moving average is $28.38 and its two-hundred day moving average is $22.69.

Commerzbank (OTCMKTS:CRZBY - Get Free Report) last released its earnings results on Friday, May 9th. The financial services provider reported $0.77 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.76 by $0.01. The company had revenue of $3.52 billion for the quarter, compared to analyst estimates of $2.96 billion. Commerzbank had a net margin of 8.55% and a return on equity of 6.33%. Equities analysts expect that Commerzbank AG will post 1.96 earnings per share for the current fiscal year.

Commerzbank Increases Dividend

The firm also recently announced a dividend, which was paid on Friday, May 30th. Investors of record on Tuesday, May 20th were given a dividend of $0.5056 per share. This represents a yield of 1.75%. The ex-dividend date of this dividend was Monday, May 19th. This is an increase from Commerzbank's previous dividend of $0.26. Commerzbank's dividend payout ratio is 21.79%.

Wall Street Analysts Forecast Growth

CRZBY has been the topic of a number of recent analyst reports. Morgan Stanley reaffirmed an "overweight" rating on shares of Commerzbank in a research note on Monday, May 19th. Citigroup reaffirmed a "neutral" rating on shares of Commerzbank in a research note on Thursday, May 22nd. Deutsche Bank Aktiengesellschaft reaffirmed a "buy" rating on shares of Commerzbank in a research note on Thursday, April 24th. Finally, Royal Bank of Canada reaffirmed a "sector perform" rating on shares of Commerzbank in a research note on Monday, May 12th.

Commerzbank Company Profile

Commerzbank AG provides banking and capital market products and services to private and small business customers, corporate, financial service providers, and institutional clients in Germany, rest of Europe, the Americas, Asia, and internationally. It operates through two segments, Private and Small-Business Customers, and Corporate Clients.