Dynamic Technology Lab Private Ltd Takes $619,000 Position in Deutsche Bank AG (DB)

Dynamic Technology Lab Private Ltd bought a new stake in Deutsche Bank AG (NYSE:DB) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 35,787 shares of the bank’s stock, valued at approximately $619,000.

Other hedge funds also recently made changes to their positions in the company. Capital World Investors raised its holdings in Deutsche Bank by 82.3% during the second quarter. Capital World Investors now owns 23,884,260 shares of the bank’s stock worth $423,513,000 after purchasing an additional 10,784,260 shares during the last quarter. DekaBank Deutsche Girozentrale raised its holdings in Deutsche Bank by 33.9% during the second quarter. DekaBank Deutsche Girozentrale now owns 27,368,588 shares of the bank’s stock worth $491,602,000 after purchasing an additional 6,923,038 shares during the last quarter. The Manufacturers Life Insurance Company acquired a new position in Deutsche Bank during the second quarter worth $27,950,000. Capital Research Global Investors acquired a new position in Deutsche Bank during the second quarter worth $22,342,000. Finally, Third Avenue Management LLC acquired a new position in Deutsche Bank during the second quarter worth $7,116,000. Institutional investors own 20.92% of the company’s stock.

Several brokerages recently issued reports on DB. Goldman Sachs Group reaffirmed a “neutral” rating on shares of Deutsche Bank in a report on Tuesday. Zacks Investment Research cut Deutsche Bank from a “buy” rating to a “hold” rating in a report on Wednesday, August 9th. ValuEngine raised Deutsche Bank from a “hold” rating to a “buy” rating in a report on Monday. Macquarie cut Deutsche Bank from a “neutral” rating to an “underperform” rating in a report on Tuesday, August 15th. Finally, BidaskClub cut Deutsche Bank from a “sell” rating to a “strong sell” rating in a report on Friday, August 11th. Five research analysts have rated the stock with a sell rating, six have given a hold rating, four have issued a buy rating and one has given a strong buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $19.26.

Shares of Deutsche Bank AG (NYSE:DB) opened at $19.12 on Tuesday. Deutsche Bank AG has a 1 year low of $15.59 and a 1 year high of $20.94. 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 stock has a market capitalization of $39,227.35, a PE ratio of 12.74 and a beta of 1.43.

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Deutsche Bank Profile

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

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