Deutsche Bank shareholders: Who owns the most DB stock?
The price of Deutsche Bank (DB) stock surged following news that Moody’s upgraded the firm’s debt from A2 to A1. However, the stock still accumulated a loss since the year started as the ongoing war between Russia and Ukraine has destabilized European equities.
Who are Deutsche Bank biggest shareholders and why should retail investors learn about them? Here we take a look at 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 bank’s history has been shaped by events on the European continent, including the two world wars.
The bank is structured in four business units:
Corporate banking: generates money from interest payments and fees.
Investment banking: provides services to corporations looking to raise capital via equity or debt financing.
Private banking: served high net-worth individuals.
Asset management: offers investment vehicles, retirement planning and other solutions to individuals and corporations.
Christian Sewing has been Deutsche Bank’s CEO since 2018. The bank is headquartered in Frankfurt, Germany. Deutsche Bank stock was officially listed on the Nasdaq Exchange in 2001 under the ticker symbol ‘DB’. The stock also trades on the Deutsche Börse under the ticker symbol ‘DBK’. In the past five years, the DBK stock price has suffered a downtrend.
What is your sentiment on DB?
Who are the shareholders of Deutsche Bank?
According to Deutsche Bank’s official website, there were 574 registered stockholders at the end of 2021. Listed Deutsche Bank shareholders included brokerage firms that owned DBK stock on behalf of their clients.
Who are Deutsche Bank biggest shareholders? According to data from MarketScreener, as of 14 October, five institutional investors owned 16.6% of the common shares in circulation. The list included two brokerage firms and three investment funds.
All DBK shares have voting rights, meaning that all Deutsche Bank shareholders have a say in the company’s affairs in line with the proportion of ownership they hold in the firm.
Individuals who buy Deutsche Bank stock through a broker can appoint them as a proxy, so that the broker can vote on their behalf. They can also opt to cast a vote on the company’s key decisions at Deutsche Bank shareholders’ meetings.
Institutional Deutsche Bank shareholders
Below is the list of institutions that held the most DB stock, as per MarketScreener data of 14 October.
Capital Group – 5.66%
The Capital Group is among America’s top asset management firms, overseeing approximately $1.7trn in assets, according to the company’s latest update.
This company offers an ample portfolio of investment vehicles, including mutual funds and exchange-traded funds (ETF) that invest in foreign equities such as DBK stock. This is the reason why Capital Group is among the top shareholders of Deutsche Bank.
Hudson Executive Capital LP – 3.26%
Hudson became one of the most prominent Deutsche Bank shareholders on 1 November 2018 when the firm disclosed a 3.1% stake in the German financial institution.
Back then, the firm’s leader, Douglas Braunstein, stated that Deutsche Bank’s stock price offered a “compelling opportunity”. In addition, the hedge fund emphasized that it saw “significant long-term value in Deutsche Bank”.
Amundi Asset Management US – 2.9%
With 100 million clients and over $2trn in assets under management (AUM), as of 30 June 2022, Amundi is Europe’s largest asset management firm.
The company has a presence in more than 35 countries, Its investment vehicles provide exposure to several different markets and asset classes. The firm’s portfolio of equity-focused investment funds, especially in Europe, is the reason why Amundi is listed as one of the top Deutsche Bank shareholders.
The Vanguard Group – 2.44%
The Vanguard Group is the world’s second-largest asset management firm, with assets exceeding $7.5tn as of April 2022.
Many of the investment vehicles offered by Vanguard offer exposure to European equities. Deutsche Bank’s large market capitalisation makes it a frequent constituent of different equity-focused indices, explaining why The Vanguard Group is listed among the top shareholders of Deutsche Bank.
Norges Bank Investment Management – 2.36%
The Norges Bank is Norway’s sovereign wealth management fund. This investment fund uses earnings produced by the country’s oil business to provide funding for the country’s welfare initiatives.
As of 30 June 2022, the investment company had $1.18bn in AUM. The funds were spread across 9,000 global companies domiciled in 70 different countries.
Deutsche Bank major shareholders among insiders
Deutsche Bank’s 2021 annual report disclosed the number of shares owned by the company’s top officers and other insiders.
Most of these individuals will usually be DBK shareholders as their compensation packages typically include a certain amount of common shares of the company. This is a list of the five Deutsche Bank major shareholders among insiders as of 11 February is:
Christian Sewing – 693,230 shares.
James von Moltke – 564,465 shares.
Karl von Rohr – 519,839 shares.
Stuart Lewis – 483,001 shares.
Fabrizio Campelli – 338,899 shares.
Christian Sewing
Christian Sewing has been Deutsche Bank’s CEO since April 2018. He sits on the firm’s Management Board.
His career as an executive in the financial institution officially started in 2010 when he was appointed Chief Credit Officer. He was an apprentice at the bank back in 1989.
James von Moltke
James von Moltke is Deutsche’s CFO. He was appointed to this position in 2017 and is also a member of the management board.
Prior to joining Deutsche, von Moltke served as Treasurer of Citigroup (C) and worked for JP Morgan (JPM) for roughly 10 years.
Karl von Rohr
Karl von Rohr was appointed President of Deutsche Bank in April 2018 and became a member of the institution’s management board back in 2015.
He has been with the firm since 1997 and has occupied many senior positions. In addition, he is also the Regional CEO for Germany and the EMEA Region.
Final thoughts
Knowing who owns the most shares of Deutsche Bank may provide insight into the company’s future. Big investors typically have substantial influence over the company’s potential.
However, it should not be the key reason for your decision to buy a stock. Whether Deutsche Bank’s stock is a good investment should depend on your goals, risk tolerance, and the size of your portfolio.
It is important to do your own research before making any investment or trading decision. And never invest or trade money that you cannot afford to lose.
FAQs
How many Deutsche Bank shares are there?
According to the latest report from Deutsche Bank, the company had a weighted average of common shares outstanding of 2.09 billion on a fully diluted basis. Data from MarketScreener, as of 14 October, indicated that the number of outstanding shares stood at 2.03 billion.
How many shareholders does Deutsche Bank have?
According to Deutsche Bank’s shareholder data, at the end of 2021 there were 574 stockholders of record. Of that total, 77% were institutional investors while 23% were private shareholders. In addition, roughly 58% of these shareholders were foreign individuals and 42% were domiciled in Germany.
Who owns Deutsche Bank company?
More than 16% of Deutsche Bank’s common shares were in the hands of institutional shareholders including brokerage firms that act as custodians for the shares for their clients. Meanwhile, data from the Bank indicated that 77% of stockholders were institutions.
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