SG Americas Securities LLC Sells 47,402 Shares of Deutsche Bank AG (NYSE:DB)

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SG Americas Securities LLC lowered its holdings in shares of Deutsche Bank AG (NYSE:DB) by 5.1% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 873,157 shares of the bank’s stock after selling 47,402 shares during the quarter. SG Americas Securities LLC’s holdings in Deutsche Bank were worth $6,549,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in the business. Glen Harbor Capital Management LLC lifted its position in Deutsche Bank by 19.4% during the second quarter. Glen Harbor Capital Management LLC now owns 10,752 shares of the bank’s stock valued at $83,000 after purchasing an additional 1,744 shares during the last quarter. Commonwealth Equity Services LLC lifted its position in Deutsche Bank by 17.1% during the second quarter. Commonwealth Equity Services LLC now owns 15,222 shares of the bank’s stock valued at $116,000 after purchasing an additional 2,222 shares during the last quarter. Tyers Asset Management LLC lifted its position in Deutsche Bank by 19.4% during the second quarter. Tyers Asset Management LLC now owns 14,784 shares of the bank’s stock valued at $114,000 after purchasing an additional 2,398 shares during the last quarter. Riverhead Capital Management LLC lifted its position in Deutsche Bank by 19.1% during the second quarter. Riverhead Capital Management LLC now owns 16,800 shares of the bank’s stock valued at $130,000 after purchasing an additional 2,700 shares during the last quarter. Finally, Flinton Capital Management LLC lifted its position in Deutsche Bank by 19.4% during the second quarter. Flinton Capital Management LLC now owns 18,816 shares of the bank’s stock valued at $145,000 after purchasing an additional 3,052 shares during the last quarter. Institutional investors and hedge funds own 21.90% of the company’s stock.

Several research firms have recently issued reports on DB. UBS Group restated a “neutral” rating on shares of Deutsche Bank in a report on Tuesday, October 15th. DZ Bank restated a “neutral” rating on shares of Deutsche Bank in a report on Wednesday, October 30th. Zacks Investment Research lowered shares of Deutsche Bank from a “hold” rating to a “sell” rating and set a $8.00 target price for the company. in a report on Monday, September 9th. ValuEngine upgraded shares of Deutsche Bank from a “hold” rating to a “buy” rating in a report on Thursday, August 1st. Finally, Barclays restated a “sell” rating and issued a $5.00 target price on shares of Deutsche Bank in a report on Wednesday, July 17th. Eight research analysts have rated the stock with a sell rating, eight have issued a hold rating and one has issued a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $7.01.

DB stock traded down $0.13 during trading on Friday, hitting $7.63. The company had a trading volume of 5,239,134 shares, compared to its average volume of 5,650,026. The firm has a market capitalization of $15.73 billion, a P/E ratio of -763.00 and a beta of 1.58. Deutsche Bank AG has a 52-week low of $6.44 and a 52-week high of $10.27. The company has a 50 day simple moving average of $7.60 and a 200-day simple moving average of $7.56. The company has a quick ratio of 0.72, a current ratio of 1.14 and a debt-to-equity ratio of 2.27.

Deutsche Bank Company Profile

Deutsche Bank Aktiengesellschaft provides investment, financial, and related products and services to private individuals, corporate entities, and institutional clients worldwide. It operates through three segments: Corporate & Investment Bank (CIB), Private & Commercial Bank (PCB), and Deutsche Asset Management.

See Also: Back-End Load

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

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