Axa trimmed its stake in Deutsche Bank AG (NYSE:DB) by 12.1% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 506,809 shares of the bank’s stock after selling 69,571 shares during the quarter. Axa’s holdings in Deutsche Bank were worth $9,645,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other hedge funds and other institutional investors also recently bought and sold shares of the company. MEAG MUNICH ERGO AssetManagement GmbH raised its position in Deutsche Bank by 28.6% during the third quarter. MEAG MUNICH ERGO AssetManagement GmbH now owns 21,874 shares of the bank’s stock valued at $379,000 after acquiring an additional 4,862 shares in the last quarter. Brave Asset Management Inc. raised its position in Deutsche Bank by 21.6% during the third quarter. Brave Asset Management Inc. now owns 28,321 shares of the bank’s stock valued at $489,000 after acquiring an additional 5,022 shares in the last quarter. Mandatum Life Insurance Co Ltd bought a new position in Deutsche Bank during the fourth quarter valued at approximately $160,000. Mackenzie Financial Corp raised its position in Deutsche Bank by 85.9% during the fourth quarter. Mackenzie Financial Corp now owns 21,419 shares of the bank’s stock valued at $408,000 after acquiring an additional 9,898 shares in the last quarter. Finally, First Republic Investment Management Inc. bought a new position in Deutsche Bank during the third quarter valued at approximately $180,000. 25.00% of the stock is owned by institutional investors and hedge funds.
Deutsche Bank AG (NYSE:DB) opened at $16.11 on Tuesday. Deutsche Bank AG has a twelve month low of $15.06 and a twelve month high of $20.23. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 2.35. The company has a market capitalization of $33,150.00, a P/E ratio of 38.36 and a beta of 1.29.
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About Deutsche Bank
Deutsche Bank AG is a bank and holding company for its subsidiaries. The Company offers a range of investment, financial and related products and services to private individuals, corporate entities and institutional clients. It operates through six divisions: Global Markets, which offers financial products, including trading and hedging services to institutions and corporate clients; Corporate & Investment Banking, which brings together its commercial banking, corporate finance and transaction banking capability; Private, Wealth and Commercial Clients, which combines its capability in private and commercial banking, as well as in wealth management solutions; Deutsche Asset Management, whose investment capabilities span both active and passive strategies and an array of asset classes, including equities, fixed income, real estate and sustainable investments; Postbank, which is a German financial service provider for retail, business and corporate clients, and Non-Core Operations Unit.
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