Deutsche Bank Aktiengesellschaft $DB Shares Sold by Mitsubishi UFJ Trust & Banking Corp

Key Points

• Mitsubishi UFJ Trust & Banking Corp trimmed its stake in Deutsche Bank by 29.2% in Q4, selling 47,010 shares and leaving 113,930 shares valued at about $4.39 million.
• Deutsche Bank beat quarterly estimates with $1.24 EPS (vs. $1.15 expected) on $10.02 billion in revenue, and the board raised the annual dividend to $1.00 per share (up from $0.51), payable June 2 with a record date of May 29.

Mitsubishi UFJ Trust & Banking Corp cut its stake in shares of Deutsche Bank Aktiengesellschaft (NYSE:DB - Free Report) by 29.2% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 113,930 shares of the bank's stock after selling 47,010 shares during the period. Mitsubishi UFJ Trust & Banking Corp's holdings in Deutsche Bank Aktiengesellschaft were worth $4,390,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. M&T Bank Corp lifted its position in Deutsche Bank Aktiengesellschaft by 5.1% during the 4th quarter. M&T Bank Corp now owns 21,047 shares of the bank's stock worth $811,000 after acquiring an additional 1,015 shares in the last quarter. Anchyra Partners LLC purchased a new stake in Deutsche Bank Aktiengesellschaft during the 4th quarter worth approximately $229,000. Pictet Asset Management Holding SA increased its holdings in Deutsche Bank Aktiengesellschaft by 14.9% during the 4th quarter. Pictet Asset Management Holding SA now owns 1,578,952 shares of the bank's stock worth $61,393,000 after purchasing an additional 204,671 shares during the last quarter. Vanguard Group Inc. increased its holdings in Deutsche Bank Aktiengesellschaft by 1.3% during the 4th quarter. Vanguard Group Inc. now owns 80,119,806 shares of the bank's stock worth $3,087,737,000 after purchasing an additional 1,051,072 shares during the last quarter. Finally, Concurrent Investment Advisors LLC increased its holdings in Deutsche Bank Aktiengesellschaft by 80.1% during the 4th quarter. Concurrent Investment Advisors LLC now owns 12,754 shares of the bank's stock worth $492,000 after purchasing an additional 5,674 shares during the last quarter. 27.90% of the stock is owned by institutional investors and hedge funds.

Deutsche Bank Aktiengesellschaft Price Performance

Shares of NYSE DB opened at $31.13 on Monday. The company has a market capitalization of $60.39 billion, a price-to-earnings ratio of 8.58, a price-to-earnings-growth ratio of 0.40 and a beta of 0.94. The business has a 50 day simple moving average of $31.70 and a 200-day simple moving average of $35.18. The company has a current ratio of 0.74, a quick ratio of 0.74 and a debt-to-equity ratio of 1.40. Deutsche Bank Aktiengesellschaft has a twelve month low of $26.51 and a twelve month high of $40.43.

Deutsche Bank Aktiengesellschaft (NYSE:DB - Get Free Report) last issued its quarterly earnings data on Wednesday, April 29th. The bank reported $1.24 EPS for the quarter, topping analysts' consensus estimates of $1.15 by $0.09. The firm had revenue of $10.02 billion during the quarter, compared to the consensus estimate of $9.85 billion. Deutsche Bank Aktiengesellschaft had a return on equity of 7.69% and a net margin of 10.43%. As a group, equities research analysts expect that Deutsche Bank Aktiengesellschaft will post 4.05 earnings per share for the current 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 Friday, May 29th will be paid a dividend of $1.00 per share. This represents a yield of 251.0%. The ex-dividend date is Friday, May 29th. This is an increase from Deutsche Bank Aktiengesellschaft's previous annual dividend of $0.51.

Analyst Ratings Changes

Several equities research analysts have issued reports on the company. Wall Street Zen downgraded Deutsche Bank Aktiengesellschaft from a "buy" rating to a "hold" rating in a report on Saturday, March 14th. Weiss Ratings restated a "buy (b)" rating on shares of Deutsche Bank Aktiengesellschaft in a report on Monday, April 20th. Barclays downgraded Deutsche Bank Aktiengesellschaft from an "overweight" rating to an "equal weight" rating in a report on Monday, April 20th. Morgan Stanley restated an "overweight" rating on shares of Deutsche Bank Aktiengesellschaft in a report on Thursday, January 8th. Finally, Citigroup upgraded Deutsche Bank Aktiengesellschaft from a "sell" rating to a "hold" rating in a report on Thursday, April 9th. Four equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat.com, the company presently 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.

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