TEGNA Inc. $TGNA Shares Purchased by Deutsche Bank AG

Key Points

• Deutsche Bank AG significantly increased its stake in TEGNA Inc. by 383.6% during the first quarter, owning a total of 756,941 shares valued at approximately $13.79 million.
• TEGNA recently reported **$0.44 earnings per share** for the quarter, surpassing analyst expectations, despite a **5% year-over-year revenue decline**.
• The company's quarterly dividend of **$0.125 per share** reflects a **2.4% yield**, with a payout ratio currently at **17.99%**.

Deutsche Bank AG raised its position in TEGNA Inc. (NYSE:TGNA - Free Report) by 383.6% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 756,941 shares of the company's stock after acquiring an additional 600,407 shares during the period. Deutsche Bank AG owned approximately 0.47% of TEGNA worth $13,791,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently made changes to their positions in TGNA. Neo Ivy Capital Management acquired a new stake in shares of TEGNA in the fourth quarter valued at about $28,000. Tower Research Capital LLC TRC lifted its stake in shares of TEGNA by 80.2% in the fourth quarter. Tower Research Capital LLC TRC now owns 1,683 shares of the company's stock valued at $31,000 after purchasing an additional 749 shares during the period. GAMMA Investing LLC lifted its stake in shares of TEGNA by 53.3% in the first quarter. GAMMA Investing LLC now owns 3,128 shares of the company's stock valued at $57,000 after purchasing an additional 1,088 shares during the period. Blue Trust Inc. lifted its stake in shares of TEGNA by 26.0% in the first quarter. Blue Trust Inc. now owns 4,227 shares of the company's stock valued at $77,000 after purchasing an additional 873 shares during the period. Finally, PNC Financial Services Group Inc. lifted its stake in shares of TEGNA by 15.9% in the first quarter. PNC Financial Services Group Inc. now owns 5,058 shares of the company's stock valued at $92,000 after purchasing an additional 694 shares during the period. Institutional investors and hedge funds own 92.19% of the company's stock.

TEGNA Trading Up 4.3%

Shares of NYSE:TGNA traded up $0.8750 during trading on Tuesday, reaching $21.0550. The stock had a trading volume of 15,162,384 shares, compared to its average volume of 1,769,644. The business has a fifty day moving average price of $17.19 and a 200-day moving average price of $17.21. The company has a quick ratio of 1.47, a current ratio of 1.47 and a debt-to-equity ratio of 0.82. The stock has a market cap of $3.39 billion, a P/E ratio of 7.57 and a beta of 0.28. TEGNA Inc. has a fifty-two week low of $13.44 and a fifty-two week high of $21.15.

TEGNA (NYSE:TGNA - Get Free Report) last posted its quarterly earnings data on Thursday, August 7th. The company reported $0.44 earnings per share for the quarter, beating analysts' consensus estimates of $0.38 by $0.06. The business had revenue of $675.05 million during the quarter, compared to analyst estimates of $673.92 million. TEGNA had a net margin of 14.99% and a return on equity of 16.20%. The company's revenue was down 5.0% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.50 earnings per share. TEGNA has set its Q3 2025 guidance at EPS. As a group, analysts anticipate that TEGNA Inc. will post 3.02 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several brokerages recently commented on TGNA. JPMorgan Chase & Co. reduced their price objective on shares of TEGNA from $19.00 to $18.00 and set a "neutral" rating for the company in a research note on Wednesday, May 21st. Guggenheim dropped their target price on shares of TEGNA from $22.00 to $21.00 and set a "buy" rating for the company in a report on Wednesday, July 2nd. Wells Fargo & Company restated an "overweight" rating and set a $22.00 target price (up from $21.00) on shares of TEGNA in a report on Sunday, August 10th. Finally, Benchmark dropped their target price on shares of TEGNA from $21.00 to $20.00 and set a "buy" rating for the company in a report on Tuesday, May 6th. Three analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $20.25.

About TEGNA

TEGNA Inc, a media company, provides broadcast advertising and marketing products and services for businesses. The company operates 47 television stations in 39 markets of the United States that produce local programming, such as news, sports, and entertainment. It offers local and national non-political advertising; political advertising; production of programming from third parties; production of advertising materials; and digital marketing services, as well as advertising services on the stations' Websites, tablets, and mobile products.