World Asset Management Inc Decreases Position in Commerzbank AG (NASDAQ:CRZBY)
World Asset Management Inc decreased its stake in shares of Commerzbank AG (NASDAQ:CRZBY) by 5.5% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 73,761 shares of the financial services provider’s stock after selling 4,297 shares during the period. World Asset Management Inc’s holdings in Commerzbank AG were worth $877,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently modified their holdings of the stock. Thornburg Investment Management Inc. purchased a new position in shares of Commerzbank AG during the first quarter valued at about $25,731,000. Parametric Portfolio Associates LLC raised its position in shares of Commerzbank AG by 3.4% in the first quarter. Parametric Portfolio Associates LLC now owns 1,156,623 shares of the financial services provider’s stock valued at $10,398,000 after buying an additional 38,318 shares in the last quarter. Finally, Capital One National Association purchased a new position in shares of Commerzbank AG during the first quarter valued at about $325,000.
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Separately, UBS AG upgraded Commerzbank AG from a “sell” rating to a “buy” rating in a research note on Wednesday, May 31st.
Commerzbank AG Company Profile
Commerzbank AG is a bank for private and corporate customers. The Bank’s business segments are Private Customers, Mittelstandsbank, Central & Eastern Europe, Corporates & Markets and Non-Core Assets. The Private Customers segment comprises the Private Customers, Direct Banking and Commerz Real Group divisions.
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