Acadian Asset Management LLC Purchases 7,237,525 Shares of Deutsche Bank Aktiengesellschaft (NYSE:DB)

Acadian Asset Management LLC raised its position in Deutsche Bank Aktiengesellschaft (NYSE:DB) by 81.9% during the first quarter, HoldingsChannel.com reports. The firm owned 16,069,955 shares of the bank’s stock after purchasing an additional 7,237,525 shares during the period. Deutsche Bank Aktiengesellschaft makes up 0.9% of Acadian Asset Management LLC’s portfolio, making the stock its 23rd biggest position. Acadian Asset Management LLC’s holdings in Deutsche Bank Aktiengesellschaft were worth $253,048,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Blue Trust Inc. raised its stake in shares of Deutsche Bank Aktiengesellschaft by 221.4% during the fourth quarter. Blue Trust Inc. now owns 3,882 shares of the bank’s stock valued at $53,000 after acquiring an additional 2,674 shares in the last quarter. Parallel Advisors LLC grew its position in shares of Deutsche Bank Aktiengesellschaft by 26.9% during the 4th quarter. Parallel Advisors LLC now owns 5,483 shares of the bank’s stock worth $74,000 after buying an additional 1,163 shares in the last quarter. Headlands Technologies LLC purchased a new position in shares of Deutsche Bank Aktiengesellschaft during the fourth quarter valued at $119,000. M&T Bank Corp bought a new stake in shares of Deutsche Bank Aktiengesellschaft in the fourth quarter valued at about $148,000. Finally, Ballentine Partners LLC lifted its stake in Deutsche Bank Aktiengesellschaft by 8.7% in the fourth quarter. Ballentine Partners LLC now owns 11,193 shares of the bank’s stock worth $152,000 after acquiring an additional 899 shares during the period. Hedge funds and other institutional investors own 27.90% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, 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.

Deutsche Bank Aktiengesellschaft Stock Down 1.3 %

Shares of NYSE DB traded down $0.22 during mid-day trading on Friday, reaching $16.30. 1,242,106 shares of the company were exchanged, compared to its average volume of 1,209,209. The firm has a 50-day moving average of $16.49 and a 200 day moving average of $15.23. Deutsche Bank Aktiengesellschaft has a 1 year low of $10.00 and a 1 year high of $17.95. The company has a quick ratio of 0.80, a current ratio of 0.80 and a debt-to-equity ratio of 1.40. The stock has a market cap of $33.69 billion, a price-to-earnings ratio of 7.12, a P/E/G ratio of 3.14 and a beta of 1.22.

Deutsche Bank Aktiengesellschaft (NYSE:DB) last posted its quarterly earnings data on Thursday, April 25th. The bank reported $0.75 EPS for the quarter, topping the consensus estimate of $0.66 by $0.09. The firm had revenue of $8.45 billion during the quarter, compared to analyst estimates of $8.13 billion. Deutsche Bank Aktiengesellschaft had a net margin of 6.68% and a return on equity of 5.47%. On average, research analysts expect that Deutsche Bank Aktiengesellschaft will post 2.27 earnings per share for the current year.

Deutsche Bank Aktiengesellschaft Cuts Dividend

The business also recently announced an annual dividend, which was paid on Tuesday, May 21st. Shareholders of record on Thursday, May 16th were given a dividend of $0.3313 per share. This represents a yield of 2.05%. The ex-dividend date was Friday, May 17th. Deutsche Bank Aktiengesellschaft’s dividend payout ratio is presently 9.21%.

About Deutsche Bank Aktiengesellschaft

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.