Triasima Portfolio Management inc. Invests $1.60 Million in Deutsche Bank Aktiengesellschaft $DB

Key Points

• Triasima Portfolio Management bought a new position of 41,515 shares of Deutsche Bank in Q4, valued at approximately $1.60 million per its latest 13F filing.
• Deutsche Bank beat quarterly estimates with $1.24 EPS (vs. $1.15 est.) and $10.02B revenue, and announced an increased annual dividend of $1.00 payable June 2 (ex-dividend May 29), with the article citing a stated yield of 251.0%.
• Analyst sentiment is mixed—four Buy and six Hold ratings for an average MarketBeat rating of "Hold"—while the stock trades near $31 with a market cap of about $60.4 billion and a P/E of 8.58.

Triasima Portfolio Management inc. bought a new position in Deutsche Bank Aktiengesellschaft (NYSE:DB - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 41,515 shares of the bank's stock, valued at approximately $1,601,000.

A number of other institutional investors have also recently modified their holdings of the stock. Legacy Capital Group California Inc. grew its stake in shares of Deutsche Bank Aktiengesellschaft by 2.2% in the third quarter. Legacy Capital Group California Inc. now owns 12,368 shares of the bank's stock worth $438,000 after acquiring an additional 264 shares during the last quarter. Evergreen Capital Management LLC grew its stake in shares of Deutsche Bank Aktiengesellschaft by 1.9% in the second quarter. Evergreen Capital Management LLC now owns 15,436 shares of the bank's stock worth $452,000 after acquiring an additional 282 shares during the last quarter. Cresset Asset Management LLC grew its stake in shares of Deutsche Bank Aktiengesellschaft by 2.4% in the third quarter. Cresset Asset Management LLC now owns 11,955 shares of the bank's stock worth $423,000 after acquiring an additional 285 shares during the last quarter. HB Wealth Management LLC grew its stake in shares of Deutsche Bank Aktiengesellschaft by 3.5% in the third quarter. HB Wealth Management LLC now owns 9,057 shares of the bank's stock worth $321,000 after acquiring an additional 304 shares during the last quarter. Finally, Wedbush Securities Inc. grew its stake in shares of Deutsche Bank Aktiengesellschaft by 4.2% in the third quarter. Wedbush Securities Inc. now owns 8,226 shares of the bank's stock worth $291,000 after acquiring an additional 331 shares during the last quarter. 27.90% of the stock is owned by hedge funds and other institutional investors.

Deutsche Bank Aktiengesellschaft Stock Up 0.1%

DB stock opened at $31.13 on Monday. Deutsche Bank Aktiengesellschaft has a fifty-two week low of $26.51 and a fifty-two week high of $40.43. The business's 50-day moving average is $31.70 and its two-hundred day moving average is $35.18. The company has a debt-to-equity ratio of 1.40, a quick ratio of 0.74 and a current ratio of 0.74. The company has a market cap of $60.39 billion, a price-to-earnings ratio of 8.58, a P/E/G ratio of 0.40 and a beta of 0.94.

Deutsche Bank Aktiengesellschaft (NYSE:DB - Get Free Report) last posted its earnings results on Wednesday, April 29th. The bank reported $1.24 earnings per share for the quarter, beating analysts' consensus estimates of $1.15 by $0.09. Deutsche Bank Aktiengesellschaft had a return on equity of 7.69% and a net margin of 10.43%.The company had revenue of $10.02 billion for the quarter, compared to the consensus estimate of $9.85 billion. As a group, analysts forecast 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. Stockholders of record on Friday, May 29th will be paid a $1.00 dividend. This represents a dividend yield of 251.0%. This is an increase from Deutsche Bank Aktiengesellschaft's previous annual dividend of $0.51. The ex-dividend date of this dividend is Friday, May 29th.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on the company. Weiss Ratings reaffirmed a "buy (b)" rating on shares of Deutsche Bank Aktiengesellschaft in a report on Monday, April 20th. Citigroup raised Deutsche Bank Aktiengesellschaft from a "sell" rating to a "hold" rating in a report on Thursday, April 9th. Barclays downgraded Deutsche Bank Aktiengesellschaft from an "overweight" rating to an "equal weight" rating in a report on Monday, April 20th. Morgan Stanley reaffirmed an "overweight" rating on shares of Deutsche Bank Aktiengesellschaft in a report on Thursday, January 8th. Finally, Wall Street Zen downgraded Deutsche Bank Aktiengesellschaft from a "buy" rating to a "hold" rating in a report on Saturday, March 14th. Four investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Hold".

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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