Gabelli Funds LLC Sells 12,000 Shares of Deutsche Bank AG (DB)

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.

DB has been the subject of several recent analyst reports. Morgan Stanley reiterated a “sell” rating on shares of Deutsche Bank in a research note on Tuesday, November 27th. UBS Group reiterated a “neutral” rating on shares of Deutsche Bank in a research note on Wednesday, January 16th. Credit Suisse Group reiterated a “hold” rating on shares of Deutsche Bank in a research note on Wednesday, October 17th. Berenberg Bank reiterated a “sell” rating on shares of Deutsche Bank in a research note on Friday, November 2nd. Finally, Barclays set a $8.00 price objective on Deutsche Bank and gave the stock a “sell” rating in a research note on Tuesday, November 20th. Nine equities research analysts have rated the stock with a sell rating and nine have assigned a hold rating to the company. Deutsche Bank presently has an average rating of “Hold” and an average price target of $11.00.

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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.

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

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