Comerica Bank Buys Shares of 115038 Deutsche Bank AG (NYSE:DB)

Cornelia Mascio
Dicembre 11, 2017

DekaBank Deutsche Girozentrale now owns 27,368,588 shares of the bank's stock valued at $491,602,000 after acquiring an additional 6,923,038 shares during the period.

Shares of Deutsche Bank (FRA DBK) traded up €0.52 ($0.62) during midday trading on Tuesday, hitting €16.49 ($19.63). Janney Montgomery Scott LLC purchased a new position in Deutsche Bank during the 2nd quarter valued at about $206,000. Hedge funds and other institutional investors own 20.92% of the company's stock. 2,271,500 shares of the company's stock were exchanged, compared to its average volume of 5,218,536.

Deutsche Bank Aktiengesellschaft provides investment, financial, and related products and services to private individuals, affluent clients, and small and medium sized corporate clients worldwide. Canada Pension Plan Investment Board lifted its position in Deutsche Bank by 20.0% during the 2nd quarter. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 2.35. Schroder Investment Management Group now owns 2,161,344 shares of the bank's stock worth $34,203,000 after acquiring an additional 318,364 shares during the period. Deutsche Bank has a 1-year low of €13.07 ($15.56) and a 1-year high of €19.95 ($23.75).

Several equities research analysts have recently commented on the stock.

DZ Bank reiterated their buy rating on shares of Deutsche Bank (NYSE:DB) in a report issued on Thursday morning. ValuEngine upgraded Deutsche Bank from a hold rating to a buy rating in a research note on Tuesday, September 26th. upgraded Deutsche Bank from a hold rating to a buy rating and upped their price objective for the company from $17.93 to $18.20 in a research note on Tuesday, November 14th. J P Morgan Chase & Co set a €18.00 ($21.43) price objective on Deutsche Bank and gave the company a "neutral" rating in a research report on Monday, July 24th. Credit Suisse Group raised shares of Deutsche Bank from an underperform rating to a neutral rating in a report on Tuesday, September 5th. Macquarie set a €12.50 ($14.88) price objective on shares of Deutsche Bank and gave the company a "sell" rating in a report on Monday, August 14th. Finally, Keefe, Bruyette & Woods lowered Deutsche Bank from an outperform rating to a market perform rating in a research note on Thursday, August 31st. Five research analysts have rated the stock with a sell rating, six have issued a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company. Deutsche Bank has an average rating of "Hold" and an average target price of €14.91 ($17.75).

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