Comerica Bank lifted its holdings in Deutsche Bank AG (NYSE:DB) by 5.5% during the 3rd quarter, Holdings Channel reports. The firm owned 121,616 shares of the bank’s stock after acquiring an additional 6,293 shares during the quarter. Comerica Bank’s holdings in Deutsche Bank were worth $1,301,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in DB. Nomura Holdings Inc. increased its position in shares of Deutsche Bank by 905.9% in the second quarter. Nomura Holdings Inc. now owns 442,403 shares of the bank’s stock worth $4,698,000 after acquiring an additional 398,421 shares in the last quarter. Dimensional Fund Advisors LP increased its position in shares of Deutsche Bank by 1.7% in the second quarter. Dimensional Fund Advisors LP now owns 5,649,527 shares of the bank’s stock worth $59,998,000 after acquiring an additional 96,411 shares in the last quarter. Focused Wealth Management Inc increased its position in shares of Deutsche Bank by 124.6% in the second quarter. Focused Wealth Management Inc now owns 88,917 shares of the bank’s stock worth $944,000 after acquiring an additional 49,326 shares in the last quarter. BlackRock Inc. increased its position in shares of Deutsche Bank by 3,809.3% in the first quarter. BlackRock Inc. now owns 11,728 shares of the bank’s stock worth $164,000 after acquiring an additional 11,428 shares in the last quarter. Finally, Edge Wealth Management LLC increased its position in shares of Deutsche Bank by 200.0% in the third quarter. Edge Wealth Management LLC now owns 30,000 shares of the bank’s stock worth $341,000 after acquiring an additional 20,000 shares in the last quarter. 22.81% of the stock is currently owned by institutional investors.

DB stock opened at $9.06 on Thursday. The company has a quick ratio of 0.77, a current ratio of 0.77 and a debt-to-equity ratio of 2.28. The company has a market cap of $18.93 billion, a P/E ratio of -15.10 and a beta of 1.35. Deutsche Bank AG has a 52 week low of $9.02 and a 52 week high of $20.23.

Deutsche Bank (NYSE:DB) last posted its quarterly earnings results on Wednesday, October 24th. The bank reported $0.12 EPS for the quarter. The business had revenue of $7.18 billion during the quarter. Deutsche Bank had a negative net margin of 4.51% and a negative return on equity of 2.50%. As a group, analysts anticipate that Deutsche Bank AG will post 0.36 earnings per share for the current year.

DB has been the topic of several analyst reports. Credit Suisse Group reissued a “hold” rating on shares of Deutsche Bank in a research report on Wednesday, October 17th. Morgan Stanley cut shares of Deutsche Bank from an “equal” rating to a “weight” rating and set a $9.00 price target for the company. in a report on Friday, August 10th. JPMorgan Chase & Co. restated a “neutral” rating on shares of Deutsche Bank in a report on Tuesday, September 4th. Berenberg Bank restated a “sell” rating on shares of Deutsche Bank in a report on Friday, November 2nd. Finally, Zacks Investment Research cut shares of Deutsche Bank from a “hold” rating to a “sell” rating in a report on Wednesday, September 5th. Nine analysts have rated the stock with a sell rating and nine have assigned a hold rating to the company. Deutsche Bank presently has an average rating of “Hold” and an average target price of $11.00.

TRADEMARK VIOLATION NOTICE: This article was first published by Watch List News and is owned by of Watch List News. If you are accessing this article on another domain, it was illegally stolen and reposted in violation of international copyright law. The original version of this article can be read at https://www.watchlistnews.com/comerica-bank-acquires-6293-shares-of-deutsche-bank-ag-db/2663864.html.

Deutsche Bank Profile

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.

Featured Article: Technical Analysis

Want to see what other hedge funds are holding DB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Deutsche Bank AG (NYSE:DB).

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

Receive News & Ratings for Deutsche Bank Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Deutsche Bank and related companies with MarketBeat.com's FREE daily email newsletter.