Schroder Investment Management Group Reduces Position in Deutsche Bank AG (DB)
Schroder Investment Management Group lowered its position in Deutsche Bank AG (NYSE:DB) by 13.5% during the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,870,162 shares of the bank’s stock after selling 291,182 shares during the period. Schroder Investment Management Group owned 0.09% of Deutsche Bank worth $26,875,000 at the end of the most recent reporting period.
A number of other large investors have also recently added to or reduced their stakes in DB. Capital World Investors boosted its position in Deutsche Bank by 82.3% during the second quarter. Capital World Investors now owns 23,884,260 shares of the bank’s stock worth $423,513,000 after purchasing an additional 10,784,260 shares during the period. DekaBank Deutsche Girozentrale boosted its position in Deutsche Bank by 33.9% during the second quarter. DekaBank Deutsche Girozentrale now owns 27,368,588 shares of the bank’s stock worth $491,602,000 after purchasing an additional 6,923,038 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in Deutsche Bank by 227.9% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,351,833 shares of the bank’s stock worth $40,676,000 after purchasing an additional 1,634,532 shares during the period. The Manufacturers Life Insurance Company bought a new stake in Deutsche Bank during the second quarter worth approximately $27,950,000. Finally, Capital Research Global Investors bought a new stake in Deutsche Bank during the second quarter worth approximately $22,342,000. Hedge funds and other institutional investors own 20.92% of the company’s stock.
Shares of Deutsche Bank AG (NYSE:DB) opened at $18.98 on Monday. Deutsche Bank AG has a 12-month low of $15.59 and a 12-month high of $20.94. The company has a debt-to-equity ratio of 2.35, a current ratio of 0.84 and a quick ratio of 0.84. The firm has a market capitalization of $39,227.35, a P/E ratio of 12.74 and a beta of 1.43.
A number of equities research analysts have issued reports on the company. Citigroup reaffirmed a “sell” rating on shares of Deutsche Bank in a research report on Tuesday, November 21st. J P Morgan Chase & Co reaffirmed a “neutral” rating on shares of Deutsche Bank in a research report on Monday, November 20th. Keefe, Bruyette & Woods cut Deutsche Bank from a “market perform” rating to an “underperform” rating in a research report on Monday, November 20th. Zacks Investment Research cut Deutsche Bank from a “buy” rating to a “hold” rating in a research report on Wednesday, August 9th. Finally, raised Deutsche Bank from a “hold” rating to a “buy” rating and upped their target price for the stock from $17.93 to $18.20 in a research report on Tuesday, November 14th. Five research analysts have rated the stock with a sell rating, five have issued a hold rating, four have assigned a buy rating and one has given a strong buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $19.26.
About Deutsche Bank
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