Deutsche Bank AG (NYSE:DB) Stake Increased by MEAG MUNICH ERGO AssetManagement GmbH

MEAG MUNICH ERGO AssetManagement GmbH boosted its stake in shares of Deutsche Bank AG (NYSE:DB) by 8.2% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 17,012 shares of the bank’s stock after buying an additional 1,287 shares during the period. Deutsche Bank AG makes up 0.1% of MEAG MUNICH ERGO AssetManagement GmbH’s holdings, making the stock its 14th largest position. MEAG MUNICH ERGO AssetManagement GmbH’s holdings in Deutsche Bank AG were worth $301,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in DB. Two Sigma Investments LP raised its position in shares of Deutsche Bank AG by 97.5% in the fourth quarter. Two Sigma Investments LP now owns 22,126 shares of the bank’s stock valued at $400,000 after buying an additional 10,922 shares during the period. Guggenheim Capital LLC raised its position in shares of Deutsche Bank AG by 85.3% in the fourth quarter. Guggenheim Capital LLC now owns 69,758 shares of the bank’s stock valued at $1,263,000 after buying an additional 32,106 shares during the period. Quadrant Capital Group LLC raised its position in shares of Deutsche Bank AG by 478.3% in the first quarter. Quadrant Capital Group LLC now owns 9,426 shares of the bank’s stock valued at $156,000 after buying an additional 7,796 shares during the period. Capstone Asset Management Co. raised its position in shares of Deutsche Bank AG by 4.5% in the first quarter. Capstone Asset Management Co. now owns 128,085 shares of the bank’s stock valued at $2,198,000 after buying an additional 5,520 shares during the period. Finally, Edge Wealth Management LLC raised its position in shares of Deutsche Bank AG by 115.4% in the first quarter. Edge Wealth Management LLC now owns 22,400 shares of the bank’s stock valued at $385,000 after buying an additional 12,000 shares during the period. 15.86% of the stock is owned by institutional investors and hedge funds.

Shares of Deutsche Bank AG (NYSE:DB) opened at 17.05 on Friday. The company has a 50 day moving average price of $18.22 and a 200-day moving average price of $18.32. The stock’s market cap is $35.22 billion. Deutsche Bank AG has a 12 month low of $11.19 and a 12 month high of $20.94.

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DB has been the subject of several research reports. Macquarie raised Deutsche Bank AG from an “underperform” rating to an “outperform” rating in a report on Friday, April 21st. Barclays PLC reaffirmed an “equal weight” rating on shares of Deutsche Bank AG in a report on Sunday, April 23rd. DZ Bank AG reaffirmed a “sell” rating on shares of Deutsche Bank AG in a report on Thursday, April 27th. J P Morgan Chase & Co reaffirmed a “neutral” rating on shares of Deutsche Bank AG in a report on Tuesday, May 23rd. Finally, ValuEngine lowered Deutsche Bank AG from a “buy” rating to a “hold” rating in a report on Friday, June 2nd. Seven analysts have rated the stock with a sell rating, seven have issued a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company’s stock. Deutsche Bank AG has an average rating of “Hold” and a consensus price target of $18.21.

Deutsche Bank AG Company Profile

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

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