Deutsche Bank Aktiengesellschaft (NYSE:DB) Shares Sold by The Manufacturers Life Insurance Company

The Manufacturers Life Insurance Company decreased its stake in shares of Deutsche Bank Aktiengesellschaft (NYSE:DB) by 2.1% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 809,286 shares of the bank’s stock after selling 17,602 shares during the period. The Manufacturers Life Insurance Company’s holdings in Deutsche Bank Aktiengesellschaft were worth $14,000,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in DB. QRG Capital Management Inc. lifted its holdings in shares of Deutsche Bank Aktiengesellschaft by 14.1% in the second quarter. QRG Capital Management Inc. now owns 339,611 shares of the bank’s stock valued at $5,413,000 after buying an additional 42,017 shares during the period. Janus Henderson Group PLC raised its position in Deutsche Bank Aktiengesellschaft by 26.3% in the first quarter. Janus Henderson Group PLC now owns 254,215 shares of the bank’s stock worth $4,007,000 after acquiring an additional 52,896 shares in the last quarter. EverSource Wealth Advisors LLC lifted its holdings in Deutsche Bank Aktiengesellschaft by 20.5% in the 1st quarter. EverSource Wealth Advisors LLC now owns 7,368 shares of the bank’s stock valued at $118,000 after acquiring an additional 1,251 shares during the last quarter. Achmea Investment Management B.V. boosted its position in shares of Deutsche Bank Aktiengesellschaft by 39.7% during the 2nd quarter. Achmea Investment Management B.V. now owns 121,232 shares of the bank’s stock valued at $1,937,000 after purchasing an additional 34,428 shares in the last quarter. Finally, Vanderbilt University acquired a new position in shares of Deutsche Bank Aktiengesellschaft in the 3rd quarter worth approximately $525,000. 27.90% of the stock is currently owned by institutional investors.

Deutsche Bank Aktiengesellschaft Price Performance

NYSE DB opened at $17.01 on Monday. The company has a current ratio of 0.78, a quick ratio of 0.78 and a debt-to-equity ratio of 1.47. Deutsche Bank Aktiengesellschaft has a 1 year low of $12.35 and a 1 year high of $17.95. The company has a market cap of $35.16 billion, a PE ratio of 8.72 and a beta of 1.22. The stock’s 50-day moving average price is $17.06 and its two-hundred day moving average price is $16.45.

Analysts Set New Price Targets

DB has been the subject of several recent research reports. StockNews.com raised shares of Deutsche Bank Aktiengesellschaft from a “hold” rating to a “buy” rating in a research note on Saturday, November 9th. Barclays upgraded Deutsche Bank Aktiengesellschaft from an “equal weight” rating to an “overweight” rating in a research report on Tuesday, September 3rd. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat, Deutsche Bank Aktiengesellschaft has a consensus rating of “Moderate Buy”.

Deutsche Bank Aktiengesellschaft Company Profile

Deutsche Bank Aktiengesellschaft, a stock corporation, provides corporate and investment banking, and asset management products and services to private individuals, corporate entities, and institutional clients in Germany, the United Kingdom, rest of Europe, the Middle East, Africa, the Americas, and the Asia-Pacific.