Meag Munich Ergo Kapitalanlagegesellschaft MBH Sells 11,667 Shares of Deutsche Bank AG (DB)

Meag Munich Ergo Kapitalanlagegesellschaft MBH reduced its holdings in shares of Deutsche Bank AG (NYSE:DB) by 1.6% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 707,397 shares of the bank’s stock after selling 11,667 shares during the period. Meag Munich Ergo Kapitalanlagegesellschaft MBH’s holdings in Deutsche Bank AG were worth $12,017,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of DB. DekaBank Deutsche Girozentrale boosted its position in Deutsche Bank AG by 33.9% in the second quarter. DekaBank Deutsche Girozentrale now owns 27,368,588 shares of the bank’s stock valued at $491,602,000 after buying an additional 6,923,038 shares in the last quarter. Capital World Investors boosted its position in Deutsche Bank AG by 82.3% in the second quarter. Capital World Investors now owns 23,884,260 shares of the bank’s stock valued at $423,513,000 after buying an additional 10,784,260 shares in the last quarter. Russell Investments Group Ltd. boosted its position in Deutsche Bank AG by 4.4% in the second quarter. Russell Investments Group Ltd. now owns 2,909,133 shares of the bank’s stock valued at $51,669,000 after buying an additional 123,207 shares in the last quarter. State of Wisconsin Investment Board boosted its position in Deutsche Bank AG by 15.0% in the second quarter. State of Wisconsin Investment Board now owns 2,483,514 shares of the bank’s stock valued at $43,976,000 after buying an additional 323,424 shares in the last quarter. Finally, Schroder Investment Management Group boosted its position in Deutsche Bank AG by 17.3% in the second quarter. Schroder Investment Management Group now owns 2,161,344 shares of the bank’s stock valued at $34,203,000 after buying an additional 318,364 shares in the last quarter. Institutional investors and hedge funds own 22.44% of the company’s stock.

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A number of brokerages have weighed in on DB. Zacks Investment Research raised shares of Deutsche Bank AG from a “strong sell” rating to a “hold” rating in a research note on Monday, November 6th. Keefe, Bruyette & Woods downgraded shares of Deutsche Bank AG from an “outperform” rating to a “market perform” rating in a research note on Thursday, August 31st. Macquarie downgraded shares of Deutsche Bank AG from a “neutral” rating to an “underperform” rating in a research note on Tuesday, August 15th. ValuEngine downgraded shares of Deutsche Bank AG from a “buy” rating to a “hold” rating in a research note on Friday, September 1st. Finally, BidaskClub downgraded shares of Deutsche Bank AG from a “hold” rating to a “sell” rating in a research note on Tuesday, July 25th. Four investment analysts have rated the stock with a sell rating, six have assigned a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $18.21.

Shares of Deutsche Bank AG (NYSE DB) traded up $0.53 during trading hours on Friday, reaching $17.94. 5,854,200 shares of the company’s stock traded hands, compared to its average volume of 4,433,753. The company has a market capitalization of $37,077.91, a P/E ratio of 12.04 and a beta of 1.37. Deutsche Bank AG has a 1 year low of $15.09 and a 1 year high of $20.94. The company has a debt-to-equity ratio of 2.35, a current ratio of 0.84 and a quick ratio of 0.84.

Deutsche Bank AG Company Profile

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Institutional Ownership by Quarter for Deutsche Bank AG (NYSE:DB)

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