Deutsche Bank AG (DB) Position Lowered by Lesa Sroufe & Co
Lesa Sroufe & Co decreased its position in shares of Deutsche Bank AG (NYSE:DB) by 25.0% during the second quarter, Holdings Channel reports. The firm owned 295,962 shares of the bank’s stock after selling 98,793 shares during the period. Deutsche Bank AG comprises approximately 4.9% of Lesa Sroufe & Co’s investment portfolio, making the stock its 5th largest position. Lesa Sroufe & Co’s holdings in Deutsche Bank AG were worth $5,265,000 as of its most recent filing with the SEC.
Several other hedge funds also recently added to or reduced their stakes in DB. Sei Investments Co. increased its position 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 in the last quarter. Chescapmanager LLC acquired a new position in shares of Deutsche Bank AG during the first quarter worth approximately $171,600,000. Cambridge Investment Research Advisors Inc. acquired a new position in shares of Deutsche Bank AG during the first quarter worth approximately $186,000. Dynamic Technology Lab Private Ltd acquired a new position in shares of Deutsche Bank AG during the first quarter worth approximately $197,000. Finally, Janney Montgomery Scott LLC acquired a new position in shares of Deutsche Bank AG during the second quarter worth approximately $206,000. 16.44% of the stock is owned by hedge funds and other institutional investors.
Deutsche Bank AG (NYSE DB) opened at 17.13 on Wednesday. Deutsche Bank AG has a 12-month low of $11.19 and a 12-month high of $20.94. The company’s market cap is $35.38 billion. The firm has a 50-day moving average price of $18.24 and a 200-day moving average price of $18.24.
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DB has been the subject of a number of recent analyst reports. ValuEngine upgraded Deutsche Bank AG from a “hold” rating to a “buy” rating in a report on Tuesday, June 13th. DZ Bank AG restated a “buy” rating on shares of Deutsche Bank AG in a report on Friday, May 19th. BidaskClub upgraded Deutsche Bank AG from a “hold” rating to a “buy” rating in a report on Tuesday, July 11th. Barclays PLC restated an “equal weight” rating on shares of Deutsche Bank AG in a report on Sunday, April 23rd. Finally, Zacks Investment Research upgraded Deutsche Bank AG from a “strong sell” rating to a “hold” rating in a report on Monday, June 12th. Eight research analysts have rated the stock with a sell rating, six have assigned a hold rating, two have given a buy rating and one has issued a strong buy rating to the stock. Deutsche Bank AG currently has a consensus rating of “Hold” and an average price target of $18.21.
Deutsche Bank AG Company Profile
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