National Bank of Canada FI Sells 187,883 Shares of Deutsche Bank Aktiengesellschaft (NYSE:DB)

National Bank of Canada FI reduced its position in Deutsche Bank Aktiengesellschaft (NYSE:DB - Free Report) by 94.1% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 11,736 shares of the bank's stock after selling 187,883 shares during the period. National Bank of Canada FI's holdings in Deutsche Bank Aktiengesellschaft were worth $160,000 at the end of the most recent reporting period.

A number of other hedge funds also recently added to or reduced their stakes in DB. Raymond James & Associates grew its position in Deutsche Bank Aktiengesellschaft by 6.6% in the 3rd quarter. Raymond James & Associates now owns 34,647 shares of the bank's stock worth $381,000 after purchasing an additional 2,156 shares during the period. Advisor Partners II LLC grew its position in Deutsche Bank Aktiengesellschaft by 17.5% in the 3rd quarter. Advisor Partners II LLC now owns 19,439 shares of the bank's stock worth $214,000 after purchasing an additional 2,897 shares during the period. Park Avenue Securities LLC bought a new stake in Deutsche Bank Aktiengesellschaft in the 3rd quarter worth approximately $138,000. Signaturefd LLC grew its position in Deutsche Bank Aktiengesellschaft by 17.7% in the 3rd quarter. Signaturefd LLC now owns 28,083 shares of the bank's stock worth $309,000 after purchasing an additional 4,231 shares during the period. Finally, Syon Capital LLC bought a new stake in Deutsche Bank Aktiengesellschaft in the 3rd quarter worth approximately $224,000. 27.90% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have commented on DB. Morgan Stanley raised shares of Deutsche Bank Aktiengesellschaft from an "equal weight" rating to an "overweight" rating in a research report on Wednesday, March 27th. Citigroup downgraded shares of Deutsche Bank Aktiengesellschaft from a "buy" rating to a "neutral" rating in a research report on Wednesday, January 31st. Erste Group Bank raised shares of Deutsche Bank Aktiengesellschaft from a "sell" rating to a "hold" rating in a research report on Wednesday, March 13th. Finally, StockNews.com raised shares of Deutsche Bank Aktiengesellschaft from a "hold" rating to a "buy" rating in a research report on Monday, March 18th. Four research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold".

Deutsche Bank Aktiengesellschaft Price Performance

Deutsche Bank Aktiengesellschaft stock traded up $0.39 during mid-day trading on Friday, hitting $17.08. The stock had a trading volume of 1,417,352 shares, compared to its average volume of 2,730,790. The firm has a market capitalization of $35.30 billion, a P/E ratio of 7.46, a P/E/G ratio of 0.97 and a beta of 1.30. The company has a current ratio of 0.80, a quick ratio of 0.80 and a debt-to-equity ratio of 1.40. The firm's 50 day moving average is $16.04 and its 200 day moving average is $13.98. Deutsche Bank Aktiengesellschaft has a one year low of $9.82 and a one year high of $17.95.

Deutsche Bank Aktiengesellschaft (NYSE:DB - Get Free Report) last issued its earnings results on Thursday, April 25th. The bank reported $0.75 earnings per share for the quarter, topping the consensus estimate of $0.66 by $0.09. The company had revenue of $8.45 billion during the quarter, compared to the consensus estimate of $8.13 billion. Deutsche Bank Aktiengesellschaft had a net margin of 6.68% and a return on equity of 5.47%. On average, sell-side analysts forecast that Deutsche Bank Aktiengesellschaft will post 2.21 earnings per share for the current fiscal year.

Deutsche Bank Aktiengesellschaft Cuts Dividend

The business also recently declared an annual dividend, which will be paid on Tuesday, May 21st. Shareholders of record on Thursday, May 16th will be paid a $0.3313 dividend. This represents a yield of 2.05%. The ex-dividend date of this dividend is Friday, May 17th.

Deutsche Bank Aktiengesellschaft Company Profile

Deutsche Bank Aktiengesellschaft, a stock corporation, provides corporate and investment banking, and asset management products and services to private individuals, corporate entities, and institutional clients in Germany, the United Kingdom, rest of Europe, the Middle East, Africa, the Americas, and the Asia-Pacific.