Concourse Capital Management LLC Boosts Stake in Deutsche Bank AG (DB)

Concourse Capital Management LLC raised its stake in shares of Deutsche Bank AG (NYSE:DB) by 38.4% during the 4th quarter, HoldingsChannel.com reports. The firm owned 191,913 shares of the bank’s stock after acquiring an additional 53,208 shares during the quarter. Deutsche Bank accounts for 2.1% of Concourse Capital Management LLC’s holdings, making the stock its 17th largest position. Concourse Capital Management LLC’s holdings in Deutsche Bank were worth $3,652,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the company. LMR Partners LLP increased its holdings in shares of Deutsche Bank by 247.3% during the 4th quarter. LMR Partners LLP now owns 3,722,717 shares of the bank’s stock worth $70,947,000 after purchasing an additional 2,650,878 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of Deutsche Bank by 227.9% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,351,833 shares of the bank’s stock worth $40,676,000 after purchasing an additional 1,634,532 shares during the period. Bank of Montreal Can increased its holdings in shares of Deutsche Bank by 318.5% during the 4th quarter. Bank of Montreal Can now owns 2,035,105 shares of the bank’s stock worth $38,727,000 after purchasing an additional 1,548,873 shares during the period. The Manufacturers Life Insurance Company acquired a new stake in shares of Deutsche Bank during the 2nd quarter valued at about $27,950,000. Finally, Parametric Portfolio Associates LLC boosted its position in shares of Deutsche Bank by 10.2% during the 3rd quarter. Parametric Portfolio Associates LLC now owns 1,048,013 shares of the bank’s stock valued at $18,110,000 after acquiring an additional 97,325 shares in the last quarter. Institutional investors own 21.00% of the company’s stock.

Shares of Deutsche Bank AG (NYSE DB) opened at $15.48 on Friday. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 2.35. Deutsche Bank AG has a 12-month low of $15.48 and a 12-month high of $20.71. The firm has a market cap of $32,440.00, a PE ratio of -38.73, a PEG ratio of 2.93 and a beta of 1.23.

Several analysts have recently weighed in on DB shares. upgraded shares of Deutsche Bank from a “hold” rating to a “buy” rating and lifted their target price for the company from $17.93 to $18.20 in a research report on Tuesday, November 14th. Citigroup reiterated a “sell” rating on shares of Deutsche Bank in a research report on Tuesday, December 19th. HSBC upgraded shares of Deutsche Bank from a “hold” rating to a “buy” rating in a research report on Tuesday, November 14th. UBS Group reiterated a “neutral” rating on shares of Deutsche Bank in a research report on Monday, December 11th. Finally, DZ Bank reiterated a “buy” rating on shares of Deutsche Bank in a research report on Thursday, October 26th. Five research analysts have rated the stock with a sell rating, nine have given a hold rating and two have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $18.08.

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Deutsche Bank Profile

Deutsche Bank AG is a bank and holding company for its subsidiaries. The Company offers a range of investment, financial and related products and services to private individuals, corporate entities and institutional clients. It operates through six divisions: Global Markets, which offers financial products, including trading and hedging services to institutions and corporate clients; Corporate & Investment Banking, which brings together its commercial banking, corporate finance and transaction banking capability; Private, Wealth and Commercial Clients, which combines its capability in private and commercial banking, as well as in wealth management solutions; Deutsche Asset Management, whose investment capabilities span both active and passive strategies and an array of asset classes, including equities, fixed income, real estate and sustainable investments; Postbank, which is a German financial service provider for retail, business and corporate clients, and Non-Core Operations Unit.

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

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