Gainplan LLC bought a new position in Deutsche Bank AG (NYSE:DB) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 15,000 shares of the bank’s stock, valued at approximately $285,000. Deutsche Bank comprises about 0.3% of Gainplan LLC’s investment portfolio, making the stock its 11th largest holding.
A number of other hedge funds have also recently modified their holdings of DB. QS Investors LLC increased its holdings in shares of Deutsche Bank by 68.8% during the 2nd quarter. QS Investors LLC now owns 13,929 shares of the bank’s stock valued at $248,000 after acquiring an additional 5,677 shares during the last quarter. Scotia Capital Inc. acquired a new position in shares of Deutsche Bank during the 2nd quarter valued at about $229,000. Cetera Investment Advisers acquired a new position in shares of Deutsche Bank during the 2nd quarter valued at about $368,000. River & Mercantile Asset Management LLP acquired a new position in shares of Deutsche Bank during the 3rd quarter valued at about $1,833,000. Finally, Third Avenue Management LLC increased its holdings in shares of Deutsche Bank by 25.0% during the 3rd quarter. Third Avenue Management LLC now owns 500,000 shares of the bank’s stock valued at $8,640,000 after acquiring an additional 100,000 shares during the last quarter. 20.96% of the stock is currently owned by institutional investors.
A number of brokerages have recently commented on DB. ValuEngine lowered Deutsche Bank from a “buy” rating to a “hold” rating in a report on Wednesday, February 7th. DZ Bank reissued a “buy” rating on shares of Deutsche Bank in a report on Monday, February 5th. HSBC lowered Deutsche Bank from a “buy” rating to a “hold” rating in a report on Monday, January 8th. Citigroup reissued a “sell” rating on shares of Deutsche Bank in a report on Tuesday, December 19th. Finally, UBS Group reissued a “neutral” rating on shares of Deutsche Bank in a report on Monday, December 11th. Five analysts have rated the stock with a sell rating, nine have issued a hold rating and two have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $18.08.
Shares of Deutsche Bank AG (DB) opened at $16.24 on Thursday. The stock has a market capitalization of $32,861.69, a P/E ratio of -26.19 and a beta of 1.23. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 2.35. Deutsche Bank AG has a fifty-two week low of $15.06 and a fifty-two week high of $20.71.
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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.
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