Venturi Wealth Management LLC Boosts Stake in Deutsche Bank Aktiengesellschaft (NYSE:DB)

Venturi Wealth Management LLC raised its position in Deutsche Bank Aktiengesellschaft (NYSE:DB) by 1.6% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 32,990 shares of the bank’s stock after buying an additional 513 shares during the period. Venturi Wealth Management LLC’s holdings in Deutsche Bank Aktiengesellschaft were worth $562,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Versant Capital Management Inc purchased a new stake in Deutsche Bank Aktiengesellschaft in the 4th quarter valued at about $26,000. Wilmington Savings Fund Society FSB bought a new position in shares of Deutsche Bank Aktiengesellschaft during the 3rd quarter valued at approximately $43,000. Activest Wealth Management bought a new position in shares of Deutsche Bank Aktiengesellschaft during the 4th quarter valued at approximately $86,000. Allworth Financial LP grew its position in shares of Deutsche Bank Aktiengesellschaft by 3,738.1% during the 3rd quarter. Allworth Financial LP now owns 8,252 shares of the bank’s stock valued at $143,000 after acquiring an additional 8,037 shares during the period. Finally, Legacy Capital Group California Inc. bought a new position in shares of Deutsche Bank Aktiengesellschaft during the 3rd quarter valued at approximately $195,000. Hedge funds and other institutional investors own 27.90% of the company’s stock.

Deutsche Bank Aktiengesellschaft Stock Down 3.2 %

Shares of NYSE:DB opened at $20.27 on Thursday. The firm has a fifty day moving average price of $18.54 and a two-hundred day moving average price of $17.29. The company has a debt-to-equity ratio of 1.45, a current ratio of 0.74 and a quick ratio of 0.78. Deutsche Bank Aktiengesellschaft has a one year low of $12.79 and a one year high of $20.96. The company has a market cap of $40.37 billion, a price-to-earnings ratio of 14.58 and a beta of 1.22.

Deutsche Bank Aktiengesellschaft (NYSE:DB) last announced its quarterly 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%. Analysts anticipate that Deutsche Bank Aktiengesellschaft will post 2.93 EPS for the current fiscal year.

Deutsche Bank Aktiengesellschaft Increases Dividend

The business also recently disclosed an annual dividend, which will be paid on Tuesday, May 27th. Stockholders of record on Monday, May 26th will be given a dividend of $0.5122 per share. The ex-dividend date is Friday, May 23rd. This represents a dividend yield of 1.7%. This is a boost from Deutsche Bank Aktiengesellschaft’s previous annual dividend of $0.33.

Wall Street Analysts Forecast Growth

DB has been the subject of a number of research reports. StockNews.com raised shares of Deutsche Bank Aktiengesellschaft from a “hold” rating to a “buy” rating in a research report on Wednesday, February 5th. The Goldman Sachs Group raised shares of Deutsche Bank Aktiengesellschaft to a “strong-buy” rating in a research report on Thursday, January 30th. One research analyst has rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Buy”.

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.