IPG Investment Advisors LLC purchased a new position in Deutsche Bank AG (NYSE:DB) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 61,350 shares of the bank’s stock, valued at approximately $991,000.
Other institutional investors have also recently made changes to their positions in the company. LMR Partners LLP increased its position in shares of Deutsche Bank by 247.3% in the fourth 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 last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of Deutsche Bank by 227.9% in the third 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 last quarter. The Manufacturers Life Insurance Company bought a new position in shares of Deutsche Bank in the second quarter worth approximately $27,950,000. Bank of Montreal Can increased its position in shares of Deutsche Bank by 318.5% in the fourth 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 last quarter. Finally, Engineers Gate Manager LP bought a new position in shares of Deutsche Bank in the third quarter worth approximately $5,262,000. 20.96% of the stock is currently owned by hedge funds and other institutional investors.
Deutsche Bank AG (DB) opened at $15.58 on Monday. Deutsche Bank AG has a 52-week low of $15.06 and a 52-week high of $20.71. 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 company has a market cap of $32,200.32, a P/E ratio of -25.13 and a beta of 1.23.
Several research firms recently weighed in on DB. DZ Bank restated a “buy” rating on shares of Deutsche Bank in a research report on Monday, February 5th. ValuEngine upgraded shares of Deutsche Bank from a “hold” rating to a “buy” rating in a research report on Monday, December 4th. JPMorgan Chase & Co. restated a “neutral” rating on shares of Deutsche Bank in a research report on Monday, November 20th. Goldman Sachs Group restated a “neutral” rating on shares of Deutsche Bank in a research report on Tuesday, December 5th. Finally, Citigroup restated a “sell” rating on shares of Deutsche Bank in a research report on Tuesday, November 21st. Five research analysts have rated the stock with a sell rating, nine have issued a hold rating and two have issued a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $18.08.
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.
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).
Receive News & Ratings for Deutsche Bank Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Deutsche Bank and related companies with MarketBeat.com's FREE daily email newsletter.