Sei Investments Co. Buys 2,757 Shares of Deutsche Bank AG (DB)

Sei Investments Co. increased its stake in shares of Deutsche Bank AG (NYSE:DB) by 49.9% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 8,278 shares of the bank’s stock after purchasing an additional 2,757 shares during the quarter. Sei Investments Co.’s holdings in Deutsche Bank AG were worth $147,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Brave Asset Management Inc. purchased a new position in Deutsche Bank AG in the second quarter worth $414,000. Janney Montgomery Scott LLC purchased a new position in Deutsche Bank AG in the second quarter worth $206,000. Russell Investments Group Ltd. raised its position in 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 worth $51,669,000 after acquiring an additional 123,207 shares in the last quarter. Deltec Asset Management LLC raised its position in Deutsche Bank AG by 69.6% in the second quarter. Deltec Asset Management LLC now owns 371,500 shares of the bank’s stock worth $6,609,000 after acquiring an additional 152,500 shares in the last quarter. Finally, Meag Munich Ergo Kapitalanlagegesellschaft MBH raised its position in Deutsche Bank AG by 27.7% in the second quarter. Meag Munich Ergo Kapitalanlagegesellschaft MBH now owns 719,064 shares of the bank’s stock worth $12,978,000 after acquiring an additional 156,184 shares in the last quarter. 22.52% of the stock is owned by hedge funds and other institutional investors.

Several research firms have issued reports on DB. Keefe, Bruyette & Woods upgraded Deutsche Bank AG from a “market perform” rating to an “outperform” rating in a research report on Tuesday. ValuEngine upgraded Deutsche Bank AG from a “hold” rating to a “buy” rating in a research report on Tuesday, June 13th. Macquarie cut Deutsche Bank AG from a “neutral” rating to an “underperform” rating in a research report on Tuesday, August 15th. J P Morgan Chase & Co reiterated a “neutral” rating on shares of Deutsche Bank AG in a research report on Tuesday, May 23rd. Finally, BidaskClub upgraded Deutsche Bank AG from a “sell” rating to a “hold” rating in a research report on Thursday, June 29th. Seven analysts have rated the stock with a sell rating, six have given a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $17.21.

Deutsche Bank AG (DB) opened at 16.98 on Wednesday. Deutsche Bank AG has a 12 month low of $11.19 and a 12 month high of $20.94. The stock’s market cap is $35.07 billion. The stock has a 50 day moving average price of $17.07 and a 200-day moving average price of $17.79.

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About Deutsche Bank AG

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Institutional Ownership by Quarter for Deutsche Bank AG (NYSE:DB)

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