35,787 Shares in Deutsche Bank AG (DB) Acquired by Dynamic Technology Lab Private Ltd

Dynamic Technology Lab Private Ltd purchased a new stake in shares of Deutsche Bank AG (NYSE:DB) during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 35,787 shares of the bank’s stock, valued at approximately $619,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in DB. US Bancorp DE increased its stake in shares of Deutsche Bank by 13.9% in the 2nd quarter. US Bancorp DE now owns 14,124 shares of the bank’s stock worth $252,000 after purchasing an additional 1,726 shares in the last quarter. Russell Investments Group Ltd. increased its stake in shares of Deutsche Bank by 4.4% in the 2nd quarter. Russell Investments Group Ltd. now owns 2,909,133 shares of the bank’s stock worth $51,669,000 after purchasing an additional 123,207 shares in the last quarter. Janney Montgomery Scott LLC purchased a new stake in shares of Deutsche Bank in the 2nd quarter worth $206,000. Brave Asset Management Inc. purchased a new stake in shares of Deutsche Bank in the 2nd quarter worth $414,000. Finally, Sei Investments Co. increased its stake in shares of Deutsche Bank by 49.9% in the 2nd quarter. Sei Investments Co. now owns 8,278 shares of the bank’s stock worth $147,000 after purchasing an additional 2,757 shares in the last quarter. 21.85% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Deutsche Bank AG (NYSE:DB) opened at $19.19 on Friday. Deutsche Bank AG has a 12 month low of $15.09 and a 12 month high of $20.94. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 2.35. The stock has a market capitalization of $39,661.38, a price-to-earnings ratio of 12.88 and a beta of 1.37.

DB has been the subject of several analyst reports. Zacks Investment Research lowered Deutsche Bank from a “buy” rating to a “hold” rating in a research note on Wednesday, August 9th. lowered Deutsche Bank from a “hold” rating to a “reduce” rating in a research note on Friday, August 11th. BidaskClub lowered Deutsche Bank from a “sell” rating to a “strong sell” rating in a research note on Friday, August 11th. Macquarie lowered Deutsche Bank from a “neutral” rating to an “underperform” rating in a research note on Tuesday, August 15th. Finally, Keefe, Bruyette & Woods lowered Deutsche Bank from an “outperform” rating to a “market perform” rating in a research note on Thursday, August 31st. Five analysts have rated the stock with a sell rating, five have assigned a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company’s stock. Deutsche Bank has a consensus rating of “Hold” and a consensus price target of $19.26.

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

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