The price of German Bank (comics) the stock jumped after news that Moody’s had upgraded the company’s debt from A2 to A1. However, the stock has again racked up a year-to-date loss as the ongoing war between Russia and Ukraine has destabilized European equities.
Which are First shareholders of Deutsche Bank and why should retail investors know more? Here we examine the ownership structure of the German bank.
What is Deutsche Bank (DBK)?
Founded in 1870 by Adelbert Delbrück and Ludwig Bamberger, Deutsche Bank is one of Germany’s oldest financial institutions. The history of the bank has been shaped by events on the European continent, including the two world wars.
The bank is structured into four business units:
Business Bank: Generates money from interest payments and fees.
Investment banking: provides services to businesses seeking to raise capital through equity or debt financing.
Private bank: at the service of wealthy individuals.
Asset management: offers investment vehicles, retirement planning and other solutions to individuals and businesses.
Christian Sewing has been CEO of Deutsche Bank since 2018. The bank is headquartered in Frankfurt, Germany. Deutsche Bank stock was officially listed on the Nasdaq stock exchange in 2001 under the symbol “DB”. The share also trades on the Deutsche Börse under the symbol “DBK”. Over the past five years, DBK’s share price has been on a downward trend.
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Who are the shareholders of Deutsche Bank?
According to Deutsche Bank’s official website, there were 574 registered shareholders at the end of 2021. Deutsche Bank’s listed shareholders included brokerage firms that held DBK shares on behalf of their clients.
Who are the main shareholders of Deutsche Bank? According to data from MarketScreener, as of October 14, five institutional investors held 16.6% of the outstanding common shares. The list included two brokerage firms and three investment funds.
All DBK shares have voting rights, which means that all Deutsche Bank shareholders have a say in the affairs of the company according to the proportion of ownership they hold in the company.
Persons who purchase Deutsche Bank shares through a broker may appoint them as proxyholders, so that the broker can vote on their behalf. They can also choose to vote on key corporate decisions at Deutsche Bank’s general shareholders’ meetings.
Deutsche Bank Institutional Shareholders
Below is the list of institutions that held the most DB shares, according to MarketScreener October 14 data.
Capital Group – 5.66%
The Capital Group is among the top US asset management firms, overseeing approximately $1.7 billion in assets, according to the company’s latest update.
This company offers a wide portfolio of investment vehicles, including mutual funds and exchange-traded funds (ETFs) that invest in foreign stocks such as DBK shares. This is why Capital Group is one of Deutsche Bank’s largest shareholders.
Hudson Executive Capital LP – 3.26%
Hudson became one of Deutsche Bank’s largest shareholders on November 1, 2018 when the company disclosed a 3.1% stake in the German financial institution.
At the time, company executive Douglas Braunstein said Deutsche Bank’s share price offered a “compelling opportunity”. Additionally, the hedge fund stressed that it sees “significant long-term value in Deutsche Bank.”
Amundi Asset Management United States – 2.9%
With 100 million clients and more than $2 billion in assets under management (AUM), as of June 30, 2022, Amundi is the largest asset management company in Europe.
The company is present in more than 35 countries. Its investment vehicles provide exposure to several different markets and asset classes. The company’s portfolio of equity-focused investment funds, particularly in Europe, is why Amundi is among Deutsche Bank’s largest shareholders.
The vanguard group – 2.44%
The Vanguard Group is the second largest asset management company in the world, with assets exceeding $7.5 billion as of April 2022.
Many investment vehicles offered by Vanguard provide exposure to European equities. Deutsche Bank’s large market capitalization makes it a frequent component of various stock-oriented indexes, which is why The Vanguard Group is among Deutsche Bank’s largest shareholders.
Norges Bank Investment Management – 2.36%
Norges Bank is Norway’s sovereign wealth fund. This investment fund uses the revenues generated by the country’s oil activities to finance the country’s social initiatives.
As of June 30, 2022, the investment firm had $1.18 billion in assets under management. The funds were spread across 9,000 global companies domiciled in 70 different countries.
Major Deutsche Bank shareholders among insiders
Deutsche Bank’s 2021 annual report revealed the number of shares held by the company’s top executives and other insiders.
Most of these people will typically be shareholders of DBK, as their compensation packages typically include a number of common shares of the company. Here is a list of Deutsche Bank’s top five insider shareholders as of February 11:
Christian sewing – 693,230 shares.
James de Moltke – 564,465 shares.
Karl of Rohr – 519,839 shares.
Stuart Lewis – 483,001 shares.
Fabrice Campelli – 338,899 shares.
Christian Sewing has been CEO of Deutsche Bank since April 2018. He sits on the company’s board of directors.
His career as an executive in the financial institution officially started in 2010 when he was appointed Director of Credit. He was an apprentice at the bank in 1989.
James de Moltke
James von Moltke is Deutsche’s chief financial officer. He was appointed to this position in 2017 and is also a member of the board of directors.
Prior to joining Deutsche, von Moltke was Treasurer of Citigroup (C) and worked for JP Morgan (JPM) for around 10 years.
Karl of Rohr
Karl von Rohr was appointed chairman of Deutsche Bank in April 2018 and became a member of the institution’s board of directors in 2015.
He has been with the firm since 1997 and has held numerous senior positions. Additionally, he is also Regional CEO for Germany and EMEA.
Knowing who owns the most Deutsche Bank shares can provide insight into the company’s future. Large investors generally have a considerable influence on the potential of the company.
However, this should not be the main reason for your decision to buy a stock. Whether Deutsche Bank shares are a good investment should depend on your goals, risk tolerance and portfolio size.
It is important to do your own research before making an investment or trading decision. And never invest or trade money you can’t afford to lose.
How many Deutsche Bank shares are there?
According to Deutsche Bank’s latest report, the company had a weighted average of common shares outstanding of 2.09 billion on a fully diluted basis. Data from MarketScreeneras of October 14, showed that the number of shares outstanding was 2.03 billion.
How many shareholders does Deutsche Bank have?
According to Deutsche Bank shareholder data, at the end of 2021 there were 574 registered shareholders. Of this total, 77% were institutional investors while 23% were private shareholders. In addition, approximately 58% of these shareholders were foreign natural persons and 42% were domiciled in Germany.
Who owns Deutsche Bank?
More than 16% of Deutsche Bank’s ordinary shares were in the hands of institutional shareholders, including brokerage firms that act as custodians of shares for their clients. Meanwhile, Bank data indicated that 77% of shareholders were institutions.