Sovarnum Capital L.P. bought a new position in Deutsche Bank AG (NYSE:DB) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 17,799 shares of the bank’s stock, valued at approximately $339,000.
Other hedge funds also recently bought and sold shares of the company. LMR Partners LLP lifted its holdings in shares of Deutsche Bank by 247.3% in the fourth quarter. LMR Partners LLP now owns 3,722,717 shares of the bank’s stock worth $70,947,000 after acquiring an additional 2,650,878 shares during the last quarter. Bank of Montreal Can lifted its holdings in shares of Deutsche Bank by 318.5% in the fourth quarter. Bank of Montreal Can now owns 2,035,105 shares of the bank’s stock worth $38,727,000 after acquiring an additional 1,548,873 shares during the last quarter. Meag Munich Ergo Kapitalanlagegesellschaft MBH lifted its holdings in shares of Deutsche Bank by 2.9% in the fourth quarter. Meag Munich Ergo Kapitalanlagegesellschaft MBH now owns 727,739 shares of the bank’s stock worth $13,929,000 after acquiring an additional 20,342 shares during the last quarter. IPG Investment Advisors LLC bought a new position in shares of Deutsche Bank in the fourth quarter worth about $991,000. Finally, Caisse DE Depot ET Placement DU Quebec bought a new position in shares of Deutsche Bank in the third quarter worth about $1,538,000. 19.34% of the stock is owned by hedge funds and other institutional investors.
A number of research analysts have recently commented on DB shares. raised shares of Deutsche Bank from a “hold” rating to a “buy” rating and increased their target price for the stock from $17.93 to $18.20 in a report on Tuesday, November 14th. Citigroup reissued a “sell” rating on shares of Deutsche Bank in a report on Tuesday, December 19th. HSBC raised shares of Deutsche Bank from a “hold” rating to a “buy” rating in a report on Tuesday, November 14th. UBS Group reissued a “neutral” rating on shares of Deutsche Bank in a report on Monday, December 11th. Finally, DZ Bank reiterated a “buy” rating on shares of Deutsche Bank in a report on Thursday, October 26th. Five investment analysts have rated the stock with a sell rating, ten have given a hold rating and two have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $18.08.
Deutsche Bank AG (DB) opened at $16.43 on Friday. The stock has a market cap of $34,246.43, a P/E ratio of 11.12 and a beta of 1.23. Deutsche Bank AG has a fifty-two week low of $15.06 and a fifty-two week high of $20.71. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 2.35.
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Deutsche Bank Profile
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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