Deutsche Bank AG (DB) Stake Increased by State of Wisconsin Investment Board
State of Wisconsin Investment Board raised its stake in Deutsche Bank AG (NYSE:DB) by 15.0% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 2,483,514 shares of the bank’s stock after buying an additional 323,424 shares during the period. State of Wisconsin Investment Board’s holdings in Deutsche Bank AG were worth $43,976,000 at the end of the most recent reporting period.
Other large investors have also bought and sold shares of the company. Parametric Portfolio Associates LLC boosted its stake in shares of Deutsche Bank AG by 19.0% in the first quarter. Parametric Portfolio Associates LLC now owns 859,096 shares of the bank’s stock worth $14,742,000 after buying an additional 137,237 shares in the last quarter. Exane Asset Management bought a new position in Deutsche Bank AG during the first quarter worth about $1,553,000. American Financial Group Inc. raised its position in Deutsche Bank AG by 50.0% in the first quarter. American Financial Group Inc. now owns 239,999 shares of the bank’s stock worth $4,118,000 after buying an additional 79,999 shares during the last quarter. First Dallas Securities Inc. bought a new position in Deutsche Bank AG during the first quarter worth about $306,000. Finally, Karp Capital Management Corp bought a new position in Deutsche Bank AG during the first quarter worth about $8,213,000. Hedge funds and other institutional investors own 16.44% of the company’s stock.
Shares of Deutsche Bank AG (DB) opened at 17.13 on Wednesday. The stock’s market capitalization is $35.38 billion. The stock has a 50 day moving average price of $18.24 and a 200 day moving average price of $18.24. Deutsche Bank AG has a 12 month low of $11.19 and a 12 month high of $20.94.
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A number of research analysts have recently issued reports on the company. J P Morgan Chase & Co reissued a “neutral” rating on shares of Deutsche Bank AG in a report on Tuesday, May 23rd. DZ Bank AG reissued a “buy” rating on shares of Deutsche Bank AG in a report on Thursday, July 27th. BidaskClub raised Deutsche Bank AG from a “hold” rating to a “buy” rating in a report on Tuesday, July 11th. Macquarie lowered Deutsche Bank AG from an “outperform” rating to a “neutral” rating and set a $18.03 target price on the stock. in a report on Friday, July 28th. Finally, Zacks Investment Research lowered Deutsche Bank AG from a “buy” rating to a “hold” rating in a report on Wednesday, August 9th. Eight equities research analysts have rated the stock with a sell rating, six have issued a hold rating, two have given a buy rating and one has issued a strong buy rating to the company. The company has an average rating of “Hold” and an average target price of $18.21.
About Deutsche Bank AG
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