SG Americas Securities LLC Sells 166,242 Shares of Deutsche Bank AG (DB)

SG Americas Securities LLC decreased its holdings in Deutsche Bank AG (NYSE:DB) by 66.4% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 83,983 shares of the bank’s stock after selling 166,242 shares during the period. SG Americas Securities LLC’s holdings in Deutsche Bank were worth $1,451,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the company. Bronfman E.L. Rothschild L.P. increased its position in shares of Deutsche Bank by 83.6% during the second quarter. Bronfman E.L. Rothschild L.P. now owns 6,132 shares of the bank’s stock valued at $109,000 after acquiring an additional 2,793 shares in the last quarter. Lipe & Dalton purchased a new stake in Deutsche Bank in the 2nd quarter valued at about $2,372,000. The Manufacturers Life Insurance Company purchased a new stake in shares of Deutsche Bank in the 2nd quarter worth approximately $27,950,000. Sciencast Management LP lifted its position in shares of Deutsche Bank by 31.2% in the 2nd quarter. Sciencast Management LP now owns 59,596 shares of the bank’s stock worth $1,060,000 after purchasing an additional 14,179 shares during the period. Finally, AXA lifted its position in shares of Deutsche Bank by 2.3% in the 2nd quarter. AXA now owns 551,872 shares of the bank’s stock worth $9,817,000 after purchasing an additional 12,310 shares during the period. Institutional investors own 20.92% of the company’s stock.

A number of research analysts have issued reports on the stock. Zacks Investment Research upgraded shares of Deutsche Bank from a “strong sell” rating to a “hold” rating in a research note on Monday, November 6th. ValuEngine upgraded shares of Deutsche Bank from a “hold” rating to a “buy” rating in a research report on Monday. Keefe, Bruyette & Woods cut shares of Deutsche Bank from an “outperform” rating to a “market perform” rating in a research report on Thursday, August 31st. Macquarie downgraded shares of Deutsche Bank from a “neutral” rating to an “underperform” rating in a research note on Tuesday, August 15th. Finally, raised shares of Deutsche Bank from a “hold” rating to a “buy” rating and lifted their target price for the company from $17.93 to $18.20 in a report on Tuesday, November 14th. Five equities research analysts have rated the stock with a sell rating, six have issued a hold rating, four have given a buy rating and one has issued a strong buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $19.26.

Shares of Deutsche Bank AG (DB) opened at $18.50 on Thursday. The company has a debt-to-equity ratio of 2.35, a quick ratio of 0.84 and a current ratio of 0.84. Deutsche Bank AG has a 52-week low of $15.59 and a 52-week high of $20.94. The firm has a market capitalization of $38,772.66, a price-to-earnings ratio of 12.59 and a beta of 1.43.

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Deutsche Bank Company Profile

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

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