Shah Capital Management reduced its position in shares of Deutsche Bank AG (NYSE:DB) by 0.4% during the first quarter, Holdings Channel reports. The firm owned 566,300 shares of the bank’s stock after selling 2,200 shares during the period. Deutsche Bank AG comprises about 5.1% of Shah Capital Management’s holdings, making the stock its 6th largest position. Shah Capital Management’s holdings in Deutsche Bank AG were worth $9,717,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. Tyers Asset Management LLC bought a new position in Deutsche Bank AG during the fourth quarter worth approximately $135,000. Quadrant Capital Group LLC increased its position in Deutsche Bank AG by 478.3% in the first quarter. Quadrant Capital Group LLC now owns 9,426 shares of the bank’s stock worth $156,000 after buying an additional 7,796 shares during the period. Flinton Capital Management LLC bought a new position in Deutsche Bank AG during the fourth quarter worth approximately $171,000. Ladenburg Thalmann Financial Services Inc. increased its position in Deutsche Bank AG by 131.0% in the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 9,697 shares of the bank’s stock worth $174,000 after buying an additional 5,499 shares during the period. Finally, National Asset Management Inc. bought a new position in Deutsche Bank AG during the third quarter worth approximately $134,000. 22.92% of the stock is owned by institutional investors and hedge funds.
Shares of Deutsche Bank AG (NYSE:DB) traded up 2.92% on Thursday, reaching $16.55. The company’s stock had a trading volume of 5,605,773 shares. The firm’s 50-day moving average price is $17.70 and its 200-day moving average price is $17.33. Deutsche Bank AG has a 12 month low of $11.19 and a 12 month high of $20.94. The stock’s market cap is $22.82 billion.
The company also recently declared an annual dividend, which will be paid on Tuesday, May 23rd. Investors of record on Thursday, May 18th will be given a dividend of $0.2024 per share. The ex-dividend date is Friday, May 19th. This represents a dividend yield of 1.06%.
A number of research analysts recently commented on the company. DZ Bank AG reaffirmed a “sell” rating on shares of Deutsche Bank AG in a research note on Thursday, December 29th. Keefe, Bruyette & Woods raised Deutsche Bank AG from an “underperform” rating to an “outperform” rating in a research note on Wednesday, April 5th. Zacks Investment Research raised Deutsche Bank AG from a “hold” rating to a “strong-buy” rating and set a $22.00 price target for the company in a research note on Wednesday, January 11th. Royal Bank of Canada reaffirmed a “sector perform” rating on shares of Deutsche Bank AG in a research note on Monday, March 6th. Finally, Natixis reaffirmed a “reduce” rating on shares of Deutsche Bank AG in a research note on Monday, March 6th. Nine research analysts have rated the stock with a sell rating, six have given a hold rating, one has given a buy rating and one has given a strong buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $17.55.
About Deutsche Bank AG
Deutsche Bank AG is a global investment bank. The Bank is engaged in providing commercial and investment banking, retail banking, transaction banking and asset and wealth management products and services to corporations, governments, institutional investors, small and medium-sized businesses, and private individuals.
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