DWS : Raising estimates on improved outlook and downgrade to Neutral
>Q4 2023 results below expectations - DWS reported Q4 2023 results below our and consensus expectations. Group adj. pre-tax profit came to € 226m and thus below the € 232m consensus and our € 239m estimate. The negative deviation was predominantly triggered by a lower-than-expected management fee margin of 26.0bp vs 27.2bp consensus estimate. DWS reiterated its proposal for DPS of € 2.1 and a special dividend of € 4.0 per share helping to reduce excess capital. We be...DWS Group GmbH & Co KgaA is a Germany-based company that provides integrated investment solutions. The Company offers active, passive and alternative investments across a wide range of asset classes, including Hedge Funds, Sustainable Investments, Private Equity, Liquid Real Assets, Real Estate, Equities and Fixed Income. It invests primarily in the areas of environmental, social and governance. The Company's clients include corporations, central banks, insurers, pension funds, public institutions, financial institution, not-for-profit organizations, as well as private investors. The Company is active in around 22 countries in Europe. Deutsche Bank AG is a majority shareholder of the Company.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.