FNY Managed Accounts LLC purchased a new position in shares of Deutsche Bank AG (NYSE:DB) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 125,000 shares of the company’s stock, valued at approximately $1,716,000. Deutsche Bank AG accounts for 1.6% of FNY Managed Accounts LLC’s investment portfolio, making the stock its 13th largest position.
Several other institutional investors also recently added to or reduced their stakes in DB. Creative Planning raised its stake in shares of Deutsche Bank AG by 29.9% in the second quarter. Creative Planning now owns 7,392 shares of the company’s stock worth $101,000 after buying an additional 1,700 shares during the last quarter. Geode Capital Management LLC acquired a new stake in shares of Deutsche Bank AG during the first quarter worth approximately $258,000. Pacad Investment Ltd. acquired a new stake in shares of Deutsche Bank AG during the first quarter worth approximately $484,000. Orbitronix LP acquired a new stake in shares of Deutsche Bank AG during the first quarter worth approximately $508,000. Finally, Merriman Wealth Management LLC acquired a new stake in shares of Deutsche Bank AG during the second quarter worth approximately $886,000. Institutional investors and hedge funds own 24.68% of the company’s stock.
Shares of Deutsche Bank AG (NYSE:DB) traded up 0.59% during mid-day trading on Tuesday, hitting $11.92. The stock had a trading volume of 17,142,522 shares. The stock’s market capitalization is $16.29 billion. Deutsche Bank AG has a 52 week low of $11.23 and a 52 week high of $30.82. The stock has a 50 day moving average of $13.98 and a 200-day moving average of $15.71.
A number of equities research analysts have commented on DB shares. Societe Generale restated a “sell” rating on shares of Deutsche Bank AG in a research report on Monday, August 1st. Santander downgraded Deutsche Bank AG from a “hold” rating to an “underweight” rating in a research note on Tuesday, September 6th. Bank of America Corp. downgraded Deutsche Bank AG from a “neutral” rating to an “underperform” rating in a research note on Friday, July 29th. Vetr downgraded Deutsche Bank AG from a “hold” rating to a “sell” rating and set a $16.96 price target for the company. in a research note on Monday, June 27th. Finally, Credit Suisse Group AG started coverage on Deutsche Bank AG in a research note on Monday, September 19th. They set an “underperform” rating for the company. Eight equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and two have issued a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $19.88.
About Deutsche Bank AG
Deutsche Bank AG is a global investment bank. The Bank is a financial services provider to Indian corporate, institutional and individual clients. It operates through five corporate divisions: Corporate Banking & Securities (CB&S), Private & Business Clients (PBC), Global Transaction Banking (GTB), Deutsche Asset & Wealth Management (Deutsche AWM) and Non-Core Operations Unit (NCOU).
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