Macquarie lowered shares of Deutsche Bank AG (NYSE:DB) from an outperform rating to a neutral rating in a report released on Friday morning, Marketbeat reports. Macquarie currently has $18.03 target price on the bank’s stock.

Several other equities research analysts have also recently weighed in on DB. ValuEngine upgraded shares of Deutsche Bank AG from a hold rating to a buy rating in a research report on Tuesday, June 13th. DZ Bank AG reiterated a buy rating on shares of Deutsche Bank AG in a research report on Friday, May 19th. BidaskClub upgraded shares of Deutsche Bank AG from a hold rating to a buy rating in a research report on Tuesday, July 11th. Barclays PLC reiterated an equal weight rating on shares of Deutsche Bank AG in a research report on Sunday, April 23rd. Finally, Zacks Investment Research upgraded shares of Deutsche Bank AG from a strong sell rating to a hold rating in a research report on Monday, June 12th. Eight research analysts have rated the stock with a sell rating, seven have issued a hold rating, two have given a buy rating and one has issued a strong buy rating to the company’s stock. The company has an average rating of Hold and a consensus price target of $18.21.

Deutsche Bank AG (NYSE DB) opened at 17.84 on Friday. Deutsche Bank AG has a 12 month low of $11.19 and a 12 month high of $20.94. The stock’s 50 day moving average is $18.02 and its 200-day moving average is $18.38. The company’s market capitalization is $36.85 billion.

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A number of hedge funds and other institutional investors have recently modified their holdings of the company. Renaissance Technologies LLC raised its position in shares of Deutsche Bank AG by 211.7% in the first quarter. Renaissance Technologies LLC now owns 3,971,796 shares of the bank’s stock valued at $68,385,000 after buying an additional 2,697,658 shares in the last quarter. Russell Investments Group Ltd. raised its position in shares of Deutsche Bank AG by 4.4% in the second quarter. Russell Investments Group Ltd. now owns 2,909,133 shares of the bank’s stock valued at $51,669,000 after buying an additional 123,207 shares in the last quarter. Thornburg Investment Management Inc. bought a new position in shares of Deutsche Bank AG during the first quarter valued at about $24,647,000. Acadian Asset Management LLC raised its position in shares of Deutsche Bank AG by 13.6% in the first quarter. Acadian Asset Management LLC now owns 1,128,063 shares of the bank’s stock valued at $19,485,000 after buying an additional 134,778 shares in the last quarter. Finally, Parametric Portfolio Associates LLC raised its position 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 valued at $14,742,000 after buying an additional 137,237 shares in the last quarter. 15.85% of the stock is currently owned by institutional investors and hedge funds.

About Deutsche Bank AG

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