Lake Street Advisors Group LLC Takes $172,000 Position in Deutsche Bank Aktiengesellschaft (NYSE:DB)

Lake Street Advisors Group LLC acquired a new stake in Deutsche Bank Aktiengesellschaft (NYSE:DB) during the fourth quarter, HoldingsChannel.com reports. The fund acquired 10,101 shares of the bank’s stock, valued at approximately $172,000.

A number of other institutional investors also recently modified their holdings of the company. Bank of New York Mellon Corp boosted its stake in shares of Deutsche Bank Aktiengesellschaft by 2.9% in the 4th quarter. Bank of New York Mellon Corp now owns 3,132,515 shares of the bank’s stock valued at $53,409,000 after purchasing an additional 88,606 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in Deutsche Bank Aktiengesellschaft by 23.5% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,546,283 shares of the bank’s stock worth $44,042,000 after acquiring an additional 483,788 shares in the last quarter. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH boosted its stake in Deutsche Bank Aktiengesellschaft by 2.1% during the fourth quarter. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH now owns 2,286,316 shares of the bank’s stock worth $39,492,000 after acquiring an additional 46,192 shares in the last quarter. Wellington Management Group LLP boosted its stake in Deutsche Bank Aktiengesellschaft by 332.0% during the third quarter. Wellington Management Group LLP now owns 2,194,855 shares of the bank’s stock worth $37,964,000 after acquiring an additional 1,686,776 shares in the last quarter. Finally, Public Employees Retirement System of Ohio bought a new position in Deutsche Bank Aktiengesellschaft during the third quarter worth $28,515,000. 27.90% of the stock is owned by institutional investors.

Deutsche Bank Aktiengesellschaft Stock Performance

DB opened at $21.49 on Friday. The company has a current ratio of 0.74, a quick ratio of 0.78 and a debt-to-equity ratio of 1.45. The company’s fifty day moving average price is $19.03 and its two-hundred day moving average price is $17.60. Deutsche Bank Aktiengesellschaft has a 1-year low of $13.31 and a 1-year high of $21.96. The company has a market cap of $42.81 billion, a price-to-earnings ratio of 15.46 and a beta of 1.22.

Deutsche Bank Aktiengesellschaft (NYSE:DB) last announced its earnings results on Thursday, January 30th. The bank reported $0.16 EPS for the quarter, missing the consensus estimate of $0.43 by ($0.27). Deutsche Bank Aktiengesellschaft had a net margin of 4.66% and a return on equity of 3.90%. On average, analysts expect that Deutsche Bank Aktiengesellschaft will post 2.93 EPS for the current fiscal year.

Deutsche Bank Aktiengesellschaft Increases Dividend

The company also recently announced an annual dividend, which will be paid on Tuesday, May 27th. Stockholders of record on Monday, May 26th will be issued a $0.5122 dividend. The ex-dividend date of this dividend is Friday, May 23rd. This represents a dividend yield of 1.7%. This is an increase from Deutsche Bank Aktiengesellschaft’s previous annual dividend of $0.33. Deutsche Bank Aktiengesellschaft’s dividend payout ratio is currently 15.18%.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the stock. Morgan Stanley reissued an “overweight” rating on shares of Deutsche Bank Aktiengesellschaft in a research note on Monday, February 3rd. Barclays reissued an “overweight” rating on shares of Deutsche Bank Aktiengesellschaft in a research note on Monday, February 3rd. Citigroup reissued a “neutral” rating on shares of Deutsche Bank Aktiengesellschaft in a research note on Monday, February 3rd. The Goldman Sachs Group raised shares of Deutsche Bank Aktiengesellschaft to a “strong-buy” rating in a research note on Thursday, January 30th. Finally, StockNews.com upgraded shares of Deutsche Bank Aktiengesellschaft from a “hold” rating to a “buy” rating in a report on Wednesday, February 5th. Two analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy”.

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.