Lipe & Dalton bought a new position in Deutsche Bank AG (NYSE:DB) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 133,310 shares of the bank’s stock, valued at approximately $2,372,000.

Other institutional investors also recently modified their holdings of the company. Sei Investments Co. boosted 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 during the last quarter. Cambridge Investment Research Advisors Inc. bought a new position in shares of Deutsche Bank AG during the first quarter worth about $186,000. Dynamic Technology Lab Private Ltd bought a new position in shares of Deutsche Bank AG during the first quarter worth about $197,000. Ngam Advisors L.P. bought a new position in shares of Deutsche Bank AG during the first quarter worth about $205,000. Finally, Janney Montgomery Scott LLC bought a new position in shares of Deutsche Bank AG during the second quarter worth about $206,000. Institutional investors and hedge funds own 22.52% of the company’s stock.

Deutsche Bank AG (DB) opened at 16.40 on Tuesday. The firm’s 50-day moving average price is $17.86 and its 200 day moving average price is $18.06. The company’s market capitalization is $33.87 billion. Deutsche Bank AG has a 12-month low of $11.19 and a 12-month high of $20.94.

COPYRIGHT VIOLATION NOTICE: This news story was published by Watch List News and is the property of of Watch List News. If you are viewing this news story on another website, it was illegally copied and republished in violation of U.S. & international copyright & trademark laws. The original version of this news story can be read at https://www.watchlistnews.com/lipe-dalton-takes-position-in-deutsche-bank-ag-db/1529778.html.

Several brokerages have recently commented on DB. Macquarie cut Deutsche Bank AG from an “outperform” rating to a “neutral” rating and set a $18.03 target price for the company. in a research report on Friday, July 28th. DZ Bank AG reaffirmed a “buy” rating on shares of Deutsche Bank AG in a research report on Thursday, July 27th. BidaskClub cut Deutsche Bank AG from a “sell” rating to a “strong sell” rating in a research report on Friday, August 11th. J P Morgan Chase & Co reaffirmed a “neutral” rating on shares of Deutsche Bank AG in a research report on Monday, May 29th. Finally, ValuEngine cut Deutsche Bank AG from a “buy” rating to a “hold” rating in a research report on Friday, June 2nd. Eight research analysts have rated the stock with a sell rating, five have assigned a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $17.21.

Deutsche Bank AG Company Profile

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.