Deutsche Bank AG (DB) Holdings Reduced by Bank of New York Mellon Corp

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Bank of New York Mellon Corp trimmed its holdings in shares of Deutsche Bank AG (NYSE:DB) by 1.1% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 4,831,738 shares of the bank’s stock after selling 54,614 shares during the period. Bank of New York Mellon Corp owned approximately 0.23% of Deutsche Bank worth $39,379,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Cerity Partners LLC boosted its stake in Deutsche Bank by 13.4% during the 4th quarter. Cerity Partners LLC now owns 11,513 shares of the bank’s stock valued at $94,000 after purchasing an additional 1,361 shares during the last quarter. Wetherby Asset Management Inc. lifted its holdings in shares of Deutsche Bank by 12.4% during the 4th quarter. Wetherby Asset Management Inc. now owns 23,021 shares of the bank’s stock valued at $188,000 after buying an additional 2,531 shares during the period. Partnervest Advisory Services LLC lifted its holdings in shares of Deutsche Bank by 16.2% during the 4th quarter. Partnervest Advisory Services LLC now owns 21,500 shares of the bank’s stock valued at $175,000 after buying an additional 3,000 shares during the period. Lindbrook Capital LLC bought a new position in shares of Deutsche Bank during the 4th quarter valued at $41,000. Finally, Fosun International Ltd lifted its holdings in shares of Deutsche Bank by 0.8% during the 4th quarter. Fosun International Ltd now owns 793,000 shares of the bank’s stock valued at $6,138,000 after buying an additional 6,000 shares during the period. Institutional investors and hedge funds own 22.00% of the company’s stock.

Several equities analysts have recently weighed in on the company. Morgan Stanley reissued a “sell” rating on shares of Deutsche Bank in a report on Tuesday, November 27th. Zacks Investment Research cut Deutsche Bank from a “hold” rating to a “sell” rating in a report on Tuesday, November 27th. equinet reissued a “hold” rating on shares of Deutsche Bank in a report on Thursday, November 22nd. DZ Bank reissued a “neutral” rating on shares of Deutsche Bank in a report on Tuesday. Finally, Warburg Research reissued a “hold” rating on shares of Deutsche Bank in a report on Friday, January 25th. Nine research analysts have rated the stock with a sell rating and ten have given a hold rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $11.00.

Shares of Deutsche Bank stock opened at $8.43 on Friday. Deutsche Bank AG has a one year low of $7.62 and a one year high of $14.92. The firm has a market capitalization of $18.70 billion, a P/E ratio of -14.05 and a beta of 1.37. The company has a current ratio of 0.77, a quick ratio of 0.77 and a debt-to-equity ratio of 2.28.

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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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