Franklin Resources Inc. Sells 1,987,074 Shares of Deutsche Bank Aktiengesellschaft $DB

Key Points

• Franklin Resources sold 1,987,074 shares of Deutsche Bank, trimming its stake by 16.6% to 9,949,759 shares worth about $349.8 million (≈0.50% ownership) in the third quarter.
• Deutsche Bank beat quarterly estimates (EPS $0.88 vs. $0.72; revenue $8.99B vs. $7.71B) and announced a sharply increased annual dividend of $1.00 (up from $0.51), payable June 2 with an ex-dividend date of June 1.
• Other institutional activity included a large buy by Commerzbank (a 574% increase, adding 2,661,833 shares to hold 3,125,577 shares worth $110.7M), and institutional investors now own 27.9% of the stock.

Franklin Resources Inc. trimmed its stake in shares of Deutsche Bank Aktiengesellschaft (NYSE:DB - Free Report) by 16.6% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 9,949,759 shares of the bank's stock after selling 1,987,074 shares during the period. Franklin Resources Inc. owned 0.50% of Deutsche Bank Aktiengesellschaft worth $349,758,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. TD Waterhouse Canada Inc. grew its holdings in Deutsche Bank Aktiengesellschaft by 43.2% during the 3rd quarter. TD Waterhouse Canada Inc. now owns 131,626 shares of the bank's stock valued at $4,673,000 after buying an additional 39,717 shares in the last quarter. Mediolanum International Funds Ltd raised its holdings in shares of Deutsche Bank Aktiengesellschaft by 50.8% during the 3rd quarter. Mediolanum International Funds Ltd now owns 273,437 shares of the bank's stock worth $9,632,000 after acquiring an additional 92,166 shares in the last quarter. Commerzbank Aktiengesellschaft FI boosted its position in shares of Deutsche Bank Aktiengesellschaft by 574.0% during the 3rd quarter. Commerzbank Aktiengesellschaft FI now owns 3,125,577 shares of the bank's stock valued at $110,677,000 after acquiring an additional 2,661,833 shares during the last quarter. Liontrust Investment Partners LLP purchased a new position in shares of Deutsche Bank Aktiengesellschaft in the second quarter valued at $147,318,000. Finally, Generali Asset Management SPA SGR increased its position in Deutsche Bank Aktiengesellschaft by 51.9% in the third quarter. Generali Asset Management SPA SGR now owns 408,691 shares of the bank's stock worth $14,472,000 after purchasing an additional 139,630 shares during the last quarter. Hedge funds and other institutional investors own 27.90% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on DB shares. Citigroup reaffirmed a "sell" rating on shares of Deutsche Bank Aktiengesellschaft in a research note on Thursday, January 22nd. Wall Street Zen raised shares of Deutsche Bank Aktiengesellschaft from a "hold" rating to a "buy" rating in a research note on Saturday, December 20th. Weiss Ratings restated a "buy (b)" rating on shares of Deutsche Bank Aktiengesellschaft in a research report on Wednesday, January 21st. Morgan Stanley reaffirmed an "overweight" rating on shares of Deutsche Bank Aktiengesellschaft in a report on Thursday, January 8th. Finally, Zacks Research lowered Deutsche Bank Aktiengesellschaft from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, December 30th. One 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. Based on data from MarketBeat, Deutsche Bank Aktiengesellschaft currently has a consensus rating of "Hold".

Deutsche Bank Aktiengesellschaft Trading Down 0.9%

DB opened at $31.50 on Thursday. The company has a debt-to-equity ratio of 1.43, a quick ratio of 0.78 and a current ratio of 0.76. The stock's 50 day moving average price is $37.06 and its 200-day moving average price is $36.41. Deutsche Bank Aktiengesellschaft has a one year low of $18.89 and a one year high of $40.43. The stock has a market cap of $62.76 billion, a price-to-earnings ratio of 9.18, a P/E/G ratio of 0.42 and a beta of 0.94.

Deutsche Bank Aktiengesellschaft (NYSE:DB - Get Free Report) last posted its quarterly earnings data on Thursday, January 29th. The bank reported $0.88 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.72 by $0.16. The company had revenue of $8.99 billion during the quarter, compared to analysts' expectations of $7.71 billion. Deutsche Bank Aktiengesellschaft had a return on equity of 7.49% and a net margin of 10.02%. On average, equities analysts forecast that Deutsche Bank Aktiengesellschaft will post 2.93 EPS for the current year.

Deutsche Bank Aktiengesellschaft Increases Dividend

The business also recently announced an annual dividend, which will be paid on Tuesday, June 2nd. Stockholders of record on Monday, June 1st will be paid a dividend of $1.00 per share. This is an increase from Deutsche Bank Aktiengesellschaft's previous annual dividend of $0.51. This represents a dividend yield of 251.0%. The ex-dividend date of this dividend is Monday, June 1st. Deutsche Bank Aktiengesellschaft's payout ratio is presently 6.15%.

Deutsche Bank Aktiengesellschaft 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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