Deutsche Bank AG (DB) Stake Reduced by Hodges Capital Management Inc.
Hodges Capital Management Inc. decreased its stake in Deutsche Bank AG (NYSE:DB) by 87.8% during the second quarter, Holdings Channel reports. The firm owned 54,425 shares of the bank’s stock after selling 392,000 shares during the period. Hodges Capital Management Inc.’s holdings in Deutsche Bank AG were worth $968,000 at the end of the most recent reporting period.
A number of other institutional investors have also added to or reduced their stakes in DB. Capstone Asset Management Co. increased its position in Deutsche Bank AG by 37.4% in the second quarter. Capstone Asset Management Co. now owns 175,955 shares of the bank’s stock worth $3,130,000 after buying an additional 47,870 shares during the period. Renaissance Technologies LLC increased its position in Deutsche Bank AG by 211.7% in the first quarter. Renaissance Technologies LLC now owns 3,971,796 shares of the bank’s stock worth $68,385,000 after buying an additional 2,697,658 shares during the period. Wetherby Asset Management Inc. increased its position in Deutsche Bank AG by 7.7% in the first quarter. Wetherby Asset Management Inc. now owns 24,851 shares of the bank’s stock worth $427,000 after buying an additional 1,779 shares during the period. Capital One National Association purchased a new position in Deutsche Bank AG during the first quarter worth approximately $229,000. Finally, Brave Asset Management Inc. purchased a new position in Deutsche Bank AG during the second quarter worth approximately $414,000. Hedge funds and other institutional investors own 15.86% of the company’s stock.
Shares of Deutsche Bank AG (DB) opened at 17.58 on Thursday. Deutsche Bank AG has a 1-year low of $11.19 and a 1-year high of $20.94. The stock has a 50 day moving average price of $18.21 and a 200-day moving average price of $18.35. The firm’s market cap is $36.31 billion.
A number of equities analysts have recently commented on DB shares. Barclays PLC restated an “equal weight” rating on shares of Deutsche Bank AG in a report on Sunday, April 23rd. DZ Bank AG restated a “buy” rating on shares of Deutsche Bank AG in a report on Friday, May 19th. J P Morgan Chase & Co restated a “neutral” rating on shares of Deutsche Bank AG in a report on Tuesday, May 23rd. ValuEngine upgraded Deutsche Bank AG from a “hold” rating to a “buy” rating in a report on Tuesday, June 13th. Finally, BidaskClub upgraded Deutsche Bank AG from a “sell” rating to a “hold” rating in a report on Thursday, June 29th. Six investment analysts have rated the stock with a sell rating, eight have assigned a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $18.21.
About Deutsche Bank AG
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 AG (NYSE:DB).
Receive News & Ratings for Deutsche Bank AG Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Deutsche Bank AG and related companies with MarketBeat.com's FREE daily email newsletter.