- DWS achieved net inflows of €18.3 billion in the third quarter, surpassing estimates and reversing the previous quarter’s outflows of €18.7 billion.
- The firm’s adjusted pre-tax profit rose by 5.2% quarter-on-quarter to €262 million, exceeding analysts’ expectations of €245.9 million.
- Earnings per share (EPS) were slightly below the forecast at €0.83 compared to an estimate of €0.89.
- Assets under management increased by 3.2% from the previous quarter, reaching €963 billion, slightly above market projections.
- Revenue dropped by 1.4% quarter-on-quarter to €685 million, but was still marginally higher than the estimated €680.6 million.
- A decline in the adjusted cost to income ratio was observed, reaching 61.7% compared to the previous quarter’s 63.2%, better than the anticipated 63.6%.
- The unadjusted cost to income ratio also showed improvement at 64.3%, outperforming an estimate of 68.4%.
- DWS expects its adjusted cost to income ratio for 2024 to be at the low end of its forecast range of 62% to 64%.
- The company has successfully reduced its adjusted cost base by 1% quarter-on-quarter due to decreased compensation and general administrative expenses.
- CEO Stefan Hoops noted strong navigation through market volatility, leading to the firm’s highest-ever long-term net inflows.
- The company is on track to meet its financial targets for 2025, driven by higher management fees and reduced costs.
“`
A look at DWS Group GmbH & Co Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 4 | |
| Dividend | 5 | |
| Growth | 3 | |
| Resilience | 5 | |
| Momentum | 5 | |
| OVERALL SMART SCORE | 4.4 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Based on the Smartkarma Smart Scores, DWS Group GmbH & Co is positioned favorably for long-term investors. The company has received high ratings in key areas, with a particularly strong performance in dividend and resilience factors, both scoring the maximum of 5. This indicates that DWS Group is likely to provide consistent returns to its shareholders and has a high capacity to weather economic uncertainties. Furthermore, the company also scored well in momentum, suggesting a positive trend in its stock performance. While growth scored slightly lower, the overall outlook for DWS Group appears stable and attractive.
DWS Group GmbH & Co, an asset management firm, offers a wide range of products and services to institutional and private investors globally. With a strong emphasis on investment and digital solutions, equity and real estate funds, as well as retirement services, DWS Group aims to cater to the diverse needs of its clientele. The company’s impressive Smartkarma Smart Scores underscore its commitment to providing value and reliable income streams to investors, positioning it as a solid choice for those looking for stability and growth potential in the long term.
Summary: DWS Group GmbH & Co. KGaA operates as an asset management firm, catering to institutional and private investors worldwide with a broad range of investment and digital solutions, equity and real estate funds, and retirement services.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
Have feedback on this article? Concerned about the content? Get in touch with us directly.
💡 Before it’s here, it’s on Smartkarma
Sign Up for Free
The Smartkarma Preview Pass is your entry to the Independent Investment Research Network
- ✓ Unlimited Research Summaries
- ✓ Personalised Alerts
- ✓ Custom Watchlists
- ✓ Company Analytics and News
- ✓ Events & Webinars
