Wetherby Asset Management Inc. Purchases 14,987 Shares of Deutsche Bank AG (NYSE:DB)

Wetherby Asset Management Inc. increased its position in Deutsche Bank AG (NYSE:DB) by 51.2% during the third quarter, HoldingsChannel.com reports. The firm owned 44,269 shares of the bank’s stock after acquiring an additional 14,987 shares during the quarter. Wetherby Asset Management Inc.’s holdings in Deutsche Bank were worth $332,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Banco Santander S.A. boosted its stake in Deutsche Bank by 110.0% in the 2nd quarter. Banco Santander S.A. now owns 345,251 shares of the bank’s stock worth $2,664,000 after purchasing an additional 180,836 shares in the last quarter. Comerica Bank purchased a new position in Deutsche Bank in the 2nd quarter worth about $876,000. Edgestream Partners L.P. purchased a new position in Deutsche Bank in the 2nd quarter worth about $501,000. Quadrant Capital Group LLC raised its position in Deutsche Bank by 337.7% in the 3rd quarter. Quadrant Capital Group LLC now owns 35,953 shares of the bank’s stock worth $260,000 after buying an additional 27,738 shares during the last quarter. Finally, BNP Paribas Arbitrage SA raised its position in Deutsche Bank by 28.0% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 120,052 shares of the bank’s stock worth $916,000 after buying an additional 26,273 shares during the last quarter. Institutional investors own 21.90% of the company’s stock.

DB has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. reissued a “hold” rating and issued a $6.25 target price on shares of Deutsche Bank in a research report on Wednesday, July 24th. Barclays reissued a “sell” rating and issued a $5.00 target price on shares of Deutsche Bank in a research report on Wednesday, July 17th. DZ Bank reissued a “neutral” rating on shares of Deutsche Bank in a research report on Wednesday, October 30th. ValuEngine raised Deutsche Bank from a “hold” rating to a “buy” rating in a research report on Thursday, August 1st. Finally, Goldman Sachs Group reaffirmed a “hold” rating and set a $7.80 price target on shares of Deutsche Bank in a research report on Tuesday, July 23rd. Eight research analysts have rated the stock with a sell rating, eight have given a hold rating and one has assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $7.01.

Shares of NYSE:DB traded down $0.13 during mid-day trading on Friday, reaching $7.63. 5,239,134 shares of the company traded hands, compared to its average volume of 5,650,026. The company’s 50 day moving average price is $7.60 and its 200-day moving average price is $7.56. The firm has a market cap of $15.73 billion, a PE ratio of -763.00 and a beta of 1.58. The company has a debt-to-equity ratio of 2.27, a current ratio of 1.14 and a quick ratio of 0.72. Deutsche Bank AG has a 52 week low of $6.44 and a 52 week high of $10.27.

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.

Further Reading: Conference Calls and Individual Investors

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).

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

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