Meag Munich Ergo Kapitalanlagegesellschaft MBH lowered its position in Deutsche Bank AG (NYSE:DB) by 42.2% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,469,629 shares of the company’s stock after selling 2,534,789 shares during the period. Deutsche Bank AG makes up approximately 4.3% of Meag Munich Ergo Kapitalanlagegesellschaft MBH’s holdings, making the stock its largest position. Meag Munich Ergo Kapitalanlagegesellschaft MBH owned 0.25% of Deutsche Bank AG worth $47,315,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Midas Management Corp acquired a new position in shares of Deutsche Bank AG during the second quarter worth $960,000. FNY Managed Accounts LLC acquired a new position in shares of Deutsche Bank AG during the second quarter worth $1,716,000. Deltec Asset Management LLC acquired a new position in shares of Deutsche Bank AG during the second quarter worth $2,650,000. Bank of Montreal Can acquired a new position in shares of Deutsche Bank AG during the second quarter worth $2,746,000. Finally, Lesa Sroufe & Co raised its position in shares of Deutsche Bank AG by 59.4% in the second quarter. Lesa Sroufe & Co now owns 200,446 shares of the company’s stock worth $2,752,000 after buying an additional 74,695 shares in the last quarter. 24.68% of the stock is currently owned by institutional investors.

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

Shares of Deutsche Bank AG (NYSE:DB) traded up 2.46% during mid-day trading on Tuesday, hitting $13.72. The stock had a trading volume of 4,324,827 shares. Deutsche Bank AG has a 52 week low of $11.19 and a 52 week high of $30.82. The stock has a 50-day moving average price of $13.63 and a 200 day moving average price of $15.13. The stock’s market cap is $18.76 billion.

A number of research analysts have weighed in on the company. Bank of America Corp. reissued an “underperform” rating and set a $10.00 price target on shares of Deutsche Bank AG in a research note on Wednesday, October 5th. HSBC reissued a “hold” rating on shares of Deutsche Bank AG in a research note on Wednesday, October 5th. Vetr lowered Deutsche Bank AG from a “strong-buy” rating to a “sell” rating and set a $11.89 target price on the stock. in a research report on Monday, October 3rd. Goldman Sachs Group Inc. reaffirmed a “hold” rating on shares of Deutsche Bank AG in a research report on Sunday, October 2nd. Finally, Credit Suisse Group AG reaffirmed an “underperform” rating on shares of Deutsche Bank AG in a research report on Sunday, October 2nd. Six research analysts have rated the stock with a sell rating, thirteen have given a hold rating and two have given a buy rating to the company. Deutsche Bank AG currently has a consensus rating of “Hold” and a consensus price target of $18.99.

About Deutsche Bank AG

Deutsche Bank AG is a global investment bank. The Bank is engaged in providing commercial and investment banking, retail banking, transaction banking and asset and wealth management products and services to corporations, governments, institutional investors, small and medium-sized businesses, and private individuals.

5 Day Chart for NYSE:DB

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