Gator Capital Management LLC Raises Position in Deutsche Bank AG (DB)

Gator Capital Management LLC boosted its holdings in Deutsche Bank AG (NYSE:DB) by 89.5% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 54,000 shares of the bank’s stock after acquiring an additional 25,500 shares during the period. Gator Capital Management LLC’s holdings in Deutsche Bank were worth $613,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. Dimensional Fund Advisors LP grew its stake in Deutsche Bank by 1.7% in the 2nd quarter. Dimensional Fund Advisors LP now owns 5,649,527 shares of the bank’s stock valued at $59,998,000 after acquiring an additional 96,411 shares during the last quarter. Nomura Holdings Inc. grew its stake in Deutsche Bank by 905.9% in the 2nd quarter. Nomura Holdings Inc. now owns 442,403 shares of the bank’s stock valued at $4,698,000 after acquiring an additional 398,421 shares during the last quarter. Focused Wealth Management Inc grew its stake in Deutsche Bank by 124.6% in the 2nd quarter. Focused Wealth Management Inc now owns 88,917 shares of the bank’s stock valued at $944,000 after acquiring an additional 49,326 shares during the last quarter. BlackRock Inc. grew its stake in Deutsche Bank by 3,809.3% in the 1st quarter. BlackRock Inc. now owns 11,728 shares of the bank’s stock valued at $164,000 after acquiring an additional 11,428 shares during the last quarter. Finally, Millennium Management LLC acquired a new stake in Deutsche Bank in the 1st quarter valued at about $1,649,000. 20.95% of the stock is currently owned by hedge funds and other institutional investors.

A number of research firms have issued reports on DB. DZ Bank restated a “neutral” rating on shares of Deutsche Bank in a report on Monday, July 16th. Zacks Investment Research upgraded shares of Deutsche Bank from a “sell” rating to a “hold” rating in a report on Friday, August 17th. Commerzbank restated a “hold” rating on shares of Deutsche Bank in a report on Wednesday, October 24th. Bank of America lowered shares of Deutsche Bank from a “neutral” rating to an “underperform” rating in a report on Monday, August 13th. Finally, Norddeutsche Landesbank restated a “hold” rating on shares of Deutsche Bank in a report on Wednesday, October 24th. Six investment analysts have rated the stock with a sell rating, nine have issued a hold rating and one has given a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $12.50.

NYSE:DB opened at $10.52 on Monday. The stock has a market capitalization of $21.74 billion, a price-to-earnings ratio of -17.53 and a beta of 1.35. The company has a debt-to-equity ratio of 2.28, a quick ratio of 0.77 and a current ratio of 0.77. Deutsche Bank AG has a 12-month low of $9.60 and a 12-month high of $20.23.

About Deutsche Bank

Deutsche Bank Aktiengesellschaft provides investment, financial, and related products and services to private individuals, corporate entities, and institutional clients worldwide. It operates through three segments: Corporate & Investment Bank (CIB), Private & Commercial Bank (PCB), and Deutsche Asset Management.

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

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