Deutsche Bank AG (DB) Shares Sold by Ajo LP
Ajo LP reduced its stake in Deutsche Bank AG (NYSE:DB) by 17.3% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 63,662 shares of the company’s stock after selling 13,348 shares during the period. Ajo LP’s holdings in Deutsche Bank AG were worth $874,000 as of its most recent filing with the SEC.
A number of other large investors have also made changes to their positions in the company. Svenska Handelsbanken AB publ purchased a new stake in Deutsche Bank AG during the second quarter worth $38,650,000. Shah Capital Management purchased a new stake in Deutsche Bank AG during the second quarter worth $7,029,000. Societe Generale purchased a new stake in Deutsche Bank AG during the second quarter worth $6,894,000. Emerald Acquisition Ltd. purchased a new stake in Deutsche Bank AG during the second quarter worth $4,650,000. Finally, SG Americas Securities LLC increased its stake in Deutsche Bank AG by 110.1% in the second quarter. SG Americas Securities LLC now owns 502,090 shares of the company’s stock worth $6,894,000 after buying an additional 263,065 shares during the period. 24.68% of the stock is owned by hedge funds and other institutional investors.
Deutsche Bank AG (NYSE:DB) traded up 1.2101% during trading on Wednesday, hitting $12.5703. The company had a trading volume of 4,247,231 shares. The company’s market capitalization is $17.18 billion. Deutsche Bank AG has a one year low of $12.40 and a one year high of $30.82. The stock has a 50-day moving average of $14.01 and a 200 day moving average of $15.90.
A number of research analysts have recently commented on DB shares. DZ Bank AG reissued a “neutral” rating on shares of Deutsche Bank AG in a report on Monday, June 27th. Goldman Sachs Group Inc. reaffirmed a “neutral” rating on shares of Deutsche Bank AG in a report on Friday, September 16th. Barclays PLC lowered Deutsche Bank AG from an “overweight” rating to an “equal weight” rating and lowered their target price for the company from $28.00 to $16.50 in a report on Thursday, June 9th. Royal Bank Of Canada lowered Deutsche Bank AG from an “outperform” rating to a “sector perform” rating and lowered their target price for the company from $19.56 to $17.62 in a report on Thursday, June 2nd. Finally, Societe Generale reaffirmed a “sell” rating on shares of Deutsche Bank AG in a report on Monday, June 13th. Eight investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and two have assigned a buy rating to the company’s stock. Deutsche Bank AG presently has a consensus rating of “Hold” and a consensus price target of $19.88.
About Deutsche Bank AG
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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