Short Interest in Deutsche Bank Aktiengesellschaft (NYSE:DB) Rises By 21.5%
by Renee Jackson · The Cerbat GemDeutsche Bank Aktiengesellschaft (NYSE:DB – Get Free Report) saw a large growth in short interest during the month of February. As of February 13th, there was short interest totaling 6,414,347 shares, a growth of 21.5% from the January 29th total of 5,280,611 shares. Approximately 0.3% of the company’s stock are short sold. Based on an average daily volume of 3,516,640 shares, the short-interest ratio is currently 1.8 days. Based on an average daily volume of 3,516,640 shares, the short-interest ratio is currently 1.8 days. Approximately 0.3% of the company’s stock are short sold.
Wall Street Analyst Weigh In
A number of research firms have recently issued reports on DB. Zacks Research downgraded shares of Deutsche Bank Aktiengesellschaft from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, December 30th. Weiss Ratings reiterated a “buy (b)” rating on shares of Deutsche Bank Aktiengesellschaft in a research note on Wednesday, January 21st. Citigroup reissued a “sell” rating on shares of Deutsche Bank Aktiengesellschaft in a report on Thursday, January 22nd. Wall Street Zen upgraded Deutsche Bank Aktiengesellschaft from a “hold” rating to a “buy” rating in a research note on Saturday, December 20th. Finally, Morgan Stanley reiterated an “overweight” rating on shares of Deutsche Bank Aktiengesellschaft in a research report on Thursday, January 8th. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold”.
Check Out Our Latest Stock Analysis on DB
Institutional Investors Weigh In On Deutsche Bank Aktiengesellschaft
Several hedge funds have recently made changes to their positions in DB. AQR Capital Management LLC grew its position in Deutsche Bank Aktiengesellschaft by 15.9% during the 1st quarter. AQR Capital Management LLC now owns 126,101 shares of the bank’s stock worth $3,005,000 after purchasing an additional 17,262 shares in the last quarter. Focus Partners Wealth acquired a new stake in shares of Deutsche Bank Aktiengesellschaft in the first quarter worth $795,000. Sivia Capital Partners LLC purchased a new position in shares of Deutsche Bank Aktiengesellschaft during the second quarter valued at $413,000. Simon Quick Advisors LLC acquired a new position in Deutsche Bank Aktiengesellschaft during the second quarter valued at $290,000. Finally, Bank of Montreal Can lifted its stake in Deutsche Bank Aktiengesellschaft by 7.4% in the 2nd quarter. Bank of Montreal Can now owns 1,005,745 shares of the bank’s stock worth $29,824,000 after acquiring an additional 69,305 shares in the last quarter. Hedge funds and other institutional investors own 27.90% of the company’s stock.
Deutsche Bank Aktiengesellschaft Stock Up 1.0%
Shares of DB stock opened at $33.38 on Thursday. Deutsche Bank Aktiengesellschaft has a 1 year low of $18.89 and a 1 year high of $40.43. The company has a current ratio of 0.76, a quick ratio of 0.78 and a debt-to-equity ratio of 1.43. The business’s fifty day moving average is $37.79 and its 200-day moving average is $36.58.
Deutsche Bank Aktiengesellschaft (NYSE:DB – Get Free Report) last posted its quarterly earnings data on Thursday, January 29th. The bank reported $0.88 earnings per share for the quarter, beating the consensus estimate of $0.72 by $0.16. Deutsche Bank Aktiengesellschaft had a net margin of 10.02% and a return on equity of 7.49%. The company had revenue of $8.99 billion during the quarter, compared to analyst estimates of $7.71 billion. Analysts forecast 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, June 2nd. Shareholders of record on Monday, June 1st will be issued a $1.00 dividend. The ex-dividend date is Monday, June 1st. This is a positive change from Deutsche Bank Aktiengesellschaft’s previous annual dividend of $0.51. This represents a dividend yield of 251.0%.
Deutsche Bank Aktiengesellschaft Company Profile
Deutsche Bank Aktiengesellschaft is a global banking and financial services company headquartered in Frankfurt, Germany. Founded in 1870 to support German foreign trade, the firm has grown into a full-service bank offering a wide range of banking, advisory and transaction services to corporate, institutional, and private clients. Over its history the bank has expanded internationally and developed capabilities across capital markets, investment banking, retail and commercial banking, and wealth management.
The bank’s core business activities include corporate and investment banking—covering financing, advisory, sales and trading, and capital markets services—along with private & commercial banking for individual and small-to-medium enterprise clients.