Deutsche Bank AG (DB) Position Lifted by Axa

Axa lifted its stake in Deutsche Bank AG (NYSE:DB) by 4.4% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 576,380 shares of the bank’s stock after buying an additional 24,508 shares during the period. Axa’s holdings in Deutsche Bank were worth $9,960,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Capital World Investors grew its position in shares of Deutsche Bank by 82.3% in the 2nd 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 during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its position in shares of Deutsche Bank by 227.9% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,351,833 shares of the bank’s stock valued at $40,676,000 after buying an additional 1,634,532 shares during the last quarter. Schroder Investment Management Group grew its position in shares of Deutsche Bank by 17.3% in the 2nd 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 during the last quarter. The Manufacturers Life Insurance Company purchased a new position in shares of Deutsche Bank in the 2nd quarter valued at $27,950,000. Finally, Capital Research Global Investors purchased a new position in shares of Deutsche Bank in the 2nd quarter valued at $22,342,000. 20.91% of the stock is currently owned by hedge funds and other institutional investors.

Deutsche Bank AG (NYSE:DB) opened at $19.70 on Friday. Deutsche Bank AG has a 52-week low of $15.59 and a 52-week high of $20.94. The company has a debt-to-equity ratio of 2.35, a quick ratio of 0.84 and a current ratio of 0.84. The stock has a market cap of $40,736.09, a price-to-earnings ratio of 13.23 and a beta of 1.43.

A number of research analysts recently commented on the stock. Citigroup reaffirmed a “sell” rating on shares of Deutsche Bank in a research report on Tuesday. UBS reaffirmed a “neutral” rating on shares of Deutsche Bank in a research report on Monday, December 11th. J P Morgan Chase & Co reaffirmed a “neutral” rating on shares of Deutsche Bank in a research report on Monday, November 20th. Keefe, Bruyette & Woods downgraded shares of Deutsche Bank from a “market perform” rating to an “underperform” rating in a research report on Monday, November 20th. Finally, ValuEngine raised shares of Deutsche Bank from a “hold” rating to a “buy” rating in a research report on Monday, December 4th. Five research analysts have rated the stock with a sell rating, seven have given a hold rating and four have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $18.08.

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About Deutsche Bank

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

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