SG Americas Securities LLC Trims Stake in Deutsche Bank AG (NYSE:DB)

SG Americas Securities LLC lowered its stake in shares of Deutsche Bank AG (NYSE:DB) by 5.1% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 873,157 shares of the bank’s stock after selling 47,402 shares during the quarter. SG Americas Securities LLC’s holdings in Deutsche Bank were worth $6,549,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Commonwealth Equity Services LLC boosted its stake in Deutsche Bank by 17.1% during the second quarter. Commonwealth Equity Services LLC now owns 15,222 shares of the bank’s stock worth $116,000 after acquiring an additional 2,222 shares in the last quarter. Bellecapital International Ltd. boosted its stake in Deutsche Bank by 426.8% during the second quarter. Bellecapital International Ltd. now owns 75,694 shares of the bank’s stock worth $584,000 after acquiring an additional 61,325 shares in the last quarter. Strategic Advisors LLC bought a new stake in Deutsche Bank during the second quarter worth about $2,299,000. Wetherby Asset Management Inc. boosted its stake in Deutsche Bank by 58.1% during the second quarter. Wetherby Asset Management Inc. now owns 29,282 shares of the bank’s stock worth $224,000 after acquiring an additional 10,756 shares in the last quarter. Finally, Creative Planning boosted its stake in Deutsche Bank by 21.6% during the second quarter. Creative Planning now owns 21,849 shares of the bank’s stock worth $167,000 after acquiring an additional 3,885 shares in the last quarter. Institutional investors own 21.90% of the company’s stock.

DB has been the topic of several research reports. Goldman Sachs Group reissued a “hold” rating and set a $7.80 price objective on shares of Deutsche Bank in a research note on Tuesday, July 23rd. ValuEngine raised shares of Deutsche Bank from a “hold” rating to a “buy” rating in a research note on Thursday, August 1st. Zacks Investment Research lowered shares of Deutsche Bank from a “hold” rating to a “sell” rating and set a $8.00 price objective on the stock. in a research note on Monday, September 9th. Barclays reiterated a “sell” rating and issued a $5.00 target price on shares of Deutsche Bank in a research note on Wednesday, July 17th. Finally, UBS Group reiterated a “neutral” rating on shares of Deutsche Bank in a research note on Tuesday, October 15th. Eight research analysts have rated the stock with a sell rating, eight have assigned a hold rating and one has issued a buy rating to the stock. Deutsche Bank currently has a consensus rating of “Hold” and an average target price of $7.01.

Shares of NYSE DB traded down $0.13 during midday trading on Friday, hitting $7.63. The stock had a trading volume of 5,239,134 shares, compared to its average volume of 5,650,026. The business’s 50 day moving average is $7.60 and its 200-day moving average is $7.56. The company has a market cap of $15.73 billion, a P/E ratio of -763.00 and a beta of 1.58. Deutsche Bank AG has a 52 week low of $6.44 and a 52 week high of $10.27. The company has a quick ratio of 0.72, a current ratio of 1.14 and a debt-to-equity ratio of 2.27.

About Deutsche Bank

Deutsche Bank Aktiengesellschaft provides investment, financial, and related products and services to private individuals, corporate entities, and institutional clients worldwide. It operates through three segments: Corporate & Investment Bank (CIB), Private & Commercial Bank (PCB), and Deutsche Asset Management.

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Institutional Ownership by Quarter for Deutsche Bank (NYSE:DB)

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