Deutsche Bank Aktiengesellschaft (NYSE:DB) Sees Large Decline in Short Interest

Deutsche Bank Aktiengesellschaft (NYSE:DB) was the target of a significant decrease in short interest in the month of March. As of March 15th, there was short interest totalling 8,260,000 shares, a decrease of 18.5% from the February 28th total of 10,140,000 shares. Based on an average daily volume of 3,010,000 shares, the short-interest ratio is currently 2.7 days. Approximately 0.5% of the company’s shares are sold short.

Hedge Funds Weigh In On Deutsche Bank Aktiengesellschaft

Large investors have recently modified their holdings of the company. Versant Capital Management Inc bought a new stake in shares of Deutsche Bank Aktiengesellschaft during the fourth quarter worth about $26,000. Wilmington Savings Fund Society FSB bought a new stake in Deutsche Bank Aktiengesellschaft during the 3rd quarter worth approximately $43,000. MassMutual Private Wealth & Trust FSB raised its stake in shares of Deutsche Bank Aktiengesellschaft by 21.3% in the first quarter. MassMutual Private Wealth & Trust FSB now owns 2,412 shares of the bank’s stock worth $57,000 after purchasing an additional 424 shares during the last quarter. Jones Financial Companies Lllp lifted its holdings in shares of Deutsche Bank Aktiengesellschaft by 1,270.5% in the fourth quarter. Jones Financial Companies Lllp now owns 4,043 shares of the bank’s stock valued at $69,000 after purchasing an additional 3,748 shares in the last quarter. Finally, Activest Wealth Management bought a new stake in Deutsche Bank Aktiengesellschaft during the fourth quarter worth $86,000. 27.90% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have commented on the company. Citigroup reiterated a “neutral” rating on shares of Deutsche Bank Aktiengesellschaft in a research report on Monday, February 3rd. Morgan Stanley restated an “overweight” rating on shares of Deutsche Bank Aktiengesellschaft in a report on Friday, March 7th. Royal Bank of Canada restated an “outperform” rating on shares of Deutsche Bank Aktiengesellschaft in a research report on Monday, March 24th. StockNews.com raised shares of Deutsche Bank Aktiengesellschaft from a “hold” rating to a “buy” rating in a research note on Wednesday, February 5th. Finally, The Goldman Sachs Group upgraded shares of Deutsche Bank Aktiengesellschaft to a “strong-buy” rating in a report on Thursday, January 30th. One equities research analyst has rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy”.

Deutsche Bank Aktiengesellschaft Trading Up 1.3 %

Shares of DB stock traded up $0.32 during trading hours on Wednesday, hitting $24.34. 2,340,001 shares of the company were exchanged, compared to its average volume of 2,225,589. The company has a 50 day simple moving average of $21.83 and a two-hundred day simple moving average of $18.89. The firm has a market cap of $48.49 billion, a P/E ratio of 17.51 and a beta of 1.23. The company has a debt-to-equity ratio of 1.45, a quick ratio of 0.78 and a current ratio of 0.74. Deutsche Bank Aktiengesellschaft has a fifty-two week low of $13.70 and a fifty-two week high of $25.33.

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

Deutsche Bank Aktiengesellschaft Increases Dividend

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

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.