Artemis Investment Management LLP increased its stake in shares of Deutsche Bank Aktiengesellschaft (NYSE:DB – Free Report) by 242.2% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 4,997,095 shares of the bank’s stock after acquiring an additional 3,536,604 shares during the period. Deutsche Bank Aktiengesellschaft comprises 1.4% of Artemis Investment Management LLP’s holdings, making the stock its 11th largest position. Artemis Investment Management LLP owned approximately 0.26% of Deutsche Bank Aktiengesellschaft worth $180,435,000 as of its most recent filing with the Securities & Exchange Commission.
Several other large investors have also recently made changes to their positions in the company. Bank of America Corp DE raised its position in shares of Deutsche Bank Aktiengesellschaft by 83.1% in the first quarter. Bank of America Corp DE now owns 21,420,171 shares of the bank’s stock worth $637,893,000 after acquiring an additional 9,719,181 shares during the period. Amundi grew its position in shares of Deutsche Bank Aktiengesellschaft by 11.4% in the first quarter. Amundi now owns 60,059,707 shares of the bank’s stock valued at $1,788,578,000 after purchasing an additional 6,139,611 shares during the period. SEB Asset Management AB purchased a new position in Deutsche Bank Aktiengesellschaft in the 1st quarter valued at about $52,931,000. Arrowstreet Capital Limited Partnership acquired a new position in shares of Deutsche Bank Aktiengesellschaft during the first quarter valued at approximately $42,643,000. Finally, Commerzbank Aktiengesellschaft FI increased its position in shares of Deutsche Bank Aktiengesellschaft by 43.6% during the first quarter. Commerzbank Aktiengesellschaft FI now owns 4,678,583 shares of the bank’s stock worth $139,328,000 after purchasing an additional 1,419,788 shares in the last quarter. 27.90% of the stock is currently owned by institutional investors and hedge funds.
Deutsche Bank Aktiengesellschaft Stock Down 0.0%
DB traded down $0.00 on Thursday, hitting $33.55. 1,645,240 shares of the company were exchanged, compared to its average volume of 2,760,431. Deutsche Bank Aktiengesellschaft has a twelve month low of $28.12 and a twelve month high of $41.62. The company has a market cap of $65.08 billion, a price-to-earnings ratio of 8.94, a price-to-earnings-growth ratio of 0.48 and a beta of 1.00. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 1.35. The firm has a 50-day moving average price of $38.16 and a two-hundred day moving average price of $34.72.
Analysts Set New Price Targets
DB has been the topic of a number of recent research reports. Bank of America set a $43.00 price target on shares of Deutsche Bank Aktiengesellschaft in a research report on Tuesday, July 7th. Citigroup reiterated a “neutral” rating on shares of Deutsche Bank Aktiengesellschaft in a report on Monday, July 20th. Keefe, Bruyette & Woods raised Deutsche Bank Aktiengesellschaft from a “moderate sell” rating to a “hold” rating in a research note on Thursday, July 9th. Morgan Stanley reaffirmed an “overweight” rating on shares of Deutsche Bank Aktiengesellschaft in a research report on Wednesday, September 2nd. Finally, Weiss Ratings upgraded shares of Deutsche Bank Aktiengesellschaft from a “buy (b-)” rating to a “buy (b)” rating in a report on Wednesday, July 29th. Five analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat.com, Deutsche Bank Aktiengesellschaft currently has an average rating of “Moderate Buy” and a consensus target price of $43.00.
Get Our Latest Report on Deutsche Bank Aktiengesellschaft
About Deutsche Bank Aktiengesellschaft
Deutsche Bank Aktiengesellschaft is a Germany-based global financial services company headquartered in Frankfurt. Founded in 1870, the bank serves corporations, institutions, governments, entrepreneurs and private clients through a broad range of banking and financial services.
Its principal business areas include Corporate Bank, Investment Bank, Private Bank and Asset Management. Services include transaction banking, lending, cash management, trade finance, investment banking, securities trading, wealth management, retail banking and asset management.
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