Gabelli Funds LLC trimmed its position in Deutsche Bank AG (NYSE:DB) by 20.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 46,000 shares of the bank’s stock after selling 12,000 shares during the quarter. Gabelli Funds LLC’s holdings in Deutsche Bank were worth $375,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also recently modified their holdings of DB. Hudson Executive Capital LP acquired a new position in shares of Deutsche Bank in the third quarter valued at $679,928,000. Franklin Resources Inc. raised its stake in shares of Deutsche Bank by 18.8% in the third quarter. Franklin Resources Inc. now owns 13,503,281 shares of the bank’s stock valued at $154,070,000 after purchasing an additional 2,132,543 shares in the last quarter. Pictet Asset Management Ltd. acquired a new position in shares of Deutsche Bank in the third quarter valued at $16,580,000. Shah Capital Management acquired a new position in shares of Deutsche Bank in the fourth quarter valued at $10,610,000. Finally, Vanguard Group Inc raised its stake in Deutsche Bank by 2.1% during the third quarter. Vanguard Group Inc now owns 54,018,722 shares of the bank’s stock worth $613,653,000 after acquiring an additional 1,094,899 shares in the last quarter. Institutional investors and hedge funds own 22.74% of the company’s stock.
Shares of DB stock opened at $8.19 on Monday. The company has a current ratio of 0.77, a quick ratio of 0.77 and a debt-to-equity ratio of 2.28. The firm has a market cap of $16.93 billion, a PE ratio of -13.65 and a beta of 1.35. Deutsche Bank AG has a 52 week low of $7.62 and a 52 week high of $16.83.
ILLEGAL ACTIVITY WARNING: “Gabelli Funds LLC Sells 12,000 Shares of Deutsche Bank AG (DB)” was originally reported by Chaffey Breeze and is the sole property of of Chaffey Breeze. If you are reading this story on another domain, it was copied illegally and republished in violation of United States & international copyright and trademark laws. The correct version of this story can be accessed at https://www.chaffeybreeze.com/2019/02/11/gabelli-funds-llc-sells-12000-shares-of-deutsche-bank-ag-db.html.
Deutsche Bank Profile
Deutsche Bank Aktiengesellschaft provides investment, financial, and related products and services to private individuals, corporate entities, and institutional clients worldwide. It operates through three segments: Corporate & Investment Bank (CIB), Private & Commercial Bank (PCB), and Deutsche Asset Management.
Featured Article: 52-Week High/Low Prices For Stock Selection
Want to see what other hedge funds are holding DB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Deutsche Bank AG (NYSE:DB).
Receive News & Ratings for Deutsche Bank Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Deutsche Bank and related companies with MarketBeat.com's FREE daily email newsletter.