DekaBank Deutsche Girozentrale raised its position in Deutsche Bank AG (NYSE:DB) by 33.9% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 27,368,588 shares of the bank’s stock after buying an additional 6,923,038 shares during the period. Deutsche Bank AG accounts for 3.9% of DekaBank Deutsche Girozentrale’s holdings, making the stock its largest position. DekaBank Deutsche Girozentrale’s holdings in Deutsche Bank AG were worth $491,602,000 as of its most recent filing with the SEC.

Other hedge funds have also modified their holdings of the company. Canada Pension Plan Investment Board raised its stake in shares of Deutsche Bank AG by 20.0% in the second quarter. Canada Pension Plan Investment Board now owns 1,103,444 shares of the bank’s stock worth $19,539,000 after buying an additional 183,668 shares during the period. Telemus Capital LLC raised its stake in shares of Deutsche Bank AG by 10.6% in the second quarter. Telemus Capital LLC now owns 94,000 shares of the bank’s stock worth $1,672,000 after buying an additional 9,000 shares during the period. Sei Investments Co. raised its stake in shares of Deutsche Bank AG by 49.9% in the second quarter. Sei Investments Co. now owns 8,278 shares of the bank’s stock worth $147,000 after buying an additional 2,757 shares during the period. Brave Asset Management Inc. acquired a new stake in shares of Deutsche Bank AG during the second quarter worth approximately $414,000. Finally, Janney Montgomery Scott LLC acquired a new stake in shares of Deutsche Bank AG during the second quarter worth approximately $206,000. Institutional investors and hedge funds own 15.86% of the company’s stock.

Shares of Deutsche Bank AG (NYSE DB) opened at 16.86 on Friday. The company’s market capitalization is $34.82 billion. The firm has a 50 day moving average price of $18.21 and a 200 day moving average price of $18.34. Deutsche Bank AG has a 52 week low of $11.19 and a 52 week high of $20.94.

TRADEMARK VIOLATION NOTICE: This story was originally posted by Watch List News and is the property of of Watch List News. If you are reading this story on another publication, it was copied illegally and republished in violation of U.S. and international copyright laws. The legal version of this story can be viewed at https://www.watchlistnews.com/dekabank-deutsche-girozentrale-acquires-6923038-shares-of-deutsche-bank-ag-db/1474656.html.

A number of brokerages recently commented on DB. Zacks Investment Research lowered Deutsche Bank AG from a “buy” rating to a “hold” rating in a report on Wednesday. Macquarie lowered Deutsche Bank AG from an “outperform” rating to a “neutral” rating and set a $18.03 price target on the stock. in a report on Friday, July 28th. DZ Bank AG reiterated a “buy” rating on shares of Deutsche Bank AG in a report on Thursday, July 27th. BidaskClub lowered Deutsche Bank AG from a “hold” rating to a “sell” rating in a report on Tuesday, July 25th. Finally, ValuEngine lowered Deutsche Bank AG from a “buy” rating to a “hold” rating in a report on Thursday, June 22nd. Six analysts have rated the stock with a sell rating, eight have issued a hold rating, two have issued a buy rating and one has issued a strong buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $18.21.

Deutsche Bank AG Company Profile

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 AG (NYSE:DB)

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