SG Americas Securities LLC Reduces Stock Position in Deutsche Bank Aktiengesellschaft (NYSE:DB)

SG Americas Securities LLC lessened its position in shares of Deutsche Bank Aktiengesellschaft (NYSE:DBGet Rating) by 12.4% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 44,315 shares of the bank’s stock after selling 6,252 shares during the quarter. SG Americas Securities LLC’s holdings in Deutsche Bank Aktiengesellschaft were worth $561,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in the company. Capital Research Global Investors boosted its stake in shares of Deutsche Bank Aktiengesellschaft by 16.4% in the fourth quarter. Capital Research Global Investors now owns 119,867,976 shares of the bank’s stock worth $1,503,617,000 after buying an additional 16,896,929 shares during the last quarter. Norges Bank purchased a new position in Deutsche Bank Aktiengesellschaft during the fourth quarter worth approximately $612,015,000. Deutsche Bank AG boosted its position in Deutsche Bank Aktiengesellschaft by 5.9% during the fourth quarter. Deutsche Bank AG now owns 31,522,875 shares of the bank’s stock worth $394,036,000 after purchasing an additional 1,747,365 shares in the last quarter. DekaBank Deutsche Girozentrale purchased a new position in Deutsche Bank Aktiengesellschaft during the first quarter worth approximately $279,319,000. Finally, Dimensional Fund Advisors LP boosted its position in Deutsche Bank Aktiengesellschaft by 4.0% during the fourth quarter. Dimensional Fund Advisors LP now owns 5,956,163 shares of the bank’s stock worth $74,452,000 after purchasing an additional 230,264 shares in the last quarter.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on DB shares. Morgan Stanley set a €14.90 ($15.36) price target on Deutsche Bank Aktiengesellschaft in a research report on Friday, April 22nd. Royal Bank of Canada increased their target price on Deutsche Bank Aktiengesellschaft from €12.50 ($12.89) to €13.00 ($13.40) in a report on Friday, April 29th. Credit Suisse Group reduced their target price on Deutsche Bank Aktiengesellschaft from €11.00 ($11.34) to €10.00 ($10.31) in a report on Thursday, July 28th. StockNews.com raised Deutsche Bank Aktiengesellschaft from a “hold” rating to a “buy” rating in a report on Thursday, July 28th. Finally, Kepler Capital Markets raised Deutsche Bank Aktiengesellschaft to a “buy” rating and set a $15.40 target price for the company in a report on Friday, April 8th. Eight analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $13.38.

Deutsche Bank Aktiengesellschaft Price Performance

NYSE:DB opened at $8.82 on Friday. Deutsche Bank Aktiengesellschaft has a one year low of $7.54 and a one year high of $16.70. The company has a debt-to-equity ratio of 2.09, a quick ratio of 0.79 and a current ratio of 0.79. The stock has a market cap of $18.23 billion, a PE ratio of 6.89, a P/E/G ratio of 0.61 and a beta of 1.35. The stock has a 50 day moving average price of $9.25 and a 200 day moving average price of $11.24.

Deutsche Bank Aktiengesellschaft Cuts Dividend

The firm also recently disclosed a — dividend, which was paid on Tuesday, May 24th. Investors of record on Monday, May 23rd were given a $0.1473 dividend. The ex-dividend date was Friday, May 20th. This represents a yield of 1.53%.

Deutsche Bank Aktiengesellschaft Company Profile

(Get Rating)

Deutsche Bank Aktiengesellschaft provides investment, financial, and related products and services to private individuals, corporate entities, and institutional clients worldwide. Its Corporate Bank segment provides cash management, trade finance and lending, trust and agency, foreign exchange, and securities services, as well as risk management solutions.

See Also

Want to see what other hedge funds are holding DB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Deutsche Bank Aktiengesellschaft (NYSE:DBGet Rating).

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

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