Deutsche Bank AG (NYSE:DB) dropped 3.4% during mid-day trading on Wednesday . The stock traded as low as $12.50 and last traded at $12.94, with a volume of 7,522,506 shares traded. The stock had previously closed at $13.40.

DB has been the subject of several research reports. Vetr upgraded shares of Deutsche Bank AG from a “hold” rating to a “buy” rating and set a $18.42 price objective for the company in a research report on Thursday, April 14th. JPMorgan Chase & Co. restated a “buy” rating on shares of Deutsche Bank AG in a research report on Monday, April 11th. Barclays PLC restated a “buy” rating on shares of Deutsche Bank AG in a research report on Thursday, March 31st. Finally, Zacks Investment Research upgraded shares of Deutsche Bank AG from a “strong sell” rating to a “buy” rating and set a $21.00 price objective for the company in a research report on Friday, April 22nd. Five equities research analysts have rated the stock with a sell rating, fourteen have issued a hold rating and three have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $21.00.

The stock’s 50-day moving average price is $16.18 and its 200 day moving average price is $18.09. The stock’s market cap is $17.73 billion.

Other large investors have recently made changes to their positions in the company. Mandatum Life Insurance Co Ltd purchased a new stake in shares of Deutsche Bank AG during the fourth quarter worth about $1,455,000. World Asset Management Inc raised its stake in shares of Deutsche Bank AG by 2.4% in the fourth quarter. World Asset Management Inc now owns 73,195 shares of the company’s stock worth $1,768,000 after buying an additional 1,685 shares during the period. GFS Advisors LLC raised its stake in shares of Deutsche Bank AG by 4.2% in the fourth quarter. GFS Advisors LLC now owns 79,362 shares of the company’s stock worth $1,917,000 after buying an additional 3,200 shares during the period. NorthCoast Asset Management LLC purchased a new stake in shares of Deutsche Bank AG during the fourth quarter worth about $3,351,000. Finally, Stevens Capital Management LP raised its stake in shares of Deutsche Bank AG by 1,489.8% in the fourth quarter. Stevens Capital Management LP now owns 179,294 shares of the company’s stock worth $4,330,000 after buying an additional 168,016 shares during the period.

Deutsche Bank AG is a global investment bank. The Bank is a financial services provider to Indian corporate, institutional and individual clients. It operates through five corporate divisions: Corporate Banking & Securities (CB&S), Private & Business Clients (PBC), Global Transaction Banking (GTB), Deutsche Asset & Wealth Management (Deutsche AWM) and Non-Core Operations Unit (NCOU).

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