Assenagon Asset Management S.A. Purchases 29,042 Shares of Deutsche Bank Aktiengesellschaft (NYSE:DB)

Assenagon Asset Management S.A. raised its holdings in shares of Deutsche Bank Aktiengesellschaft (NYSE:DB - Free Report) by 31.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 120,572 shares of the bank's stock after buying an additional 29,042 shares during the period. Assenagon Asset Management S.A.'s holdings in Deutsche Bank Aktiengesellschaft were worth $2,078,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. Versant Capital Management Inc bought a new stake in Deutsche Bank Aktiengesellschaft in the 4th quarter worth $26,000. Wilmington Savings Fund Society FSB bought a new stake in shares of Deutsche Bank Aktiengesellschaft in the third quarter worth about $43,000. Allworth Financial LP increased its position in shares of Deutsche Bank Aktiengesellschaft by 3,738.1% during the third quarter. Allworth Financial LP now owns 8,252 shares of the bank's stock valued at $143,000 after buying an additional 8,037 shares during the period. Benjamin F. Edwards & Company Inc. bought a new position in Deutsche Bank Aktiengesellschaft in the second quarter worth about $135,000. Finally, Legacy Capital Group California Inc. purchased a new stake in Deutsche Bank Aktiengesellschaft in the third quarter worth about $195,000. Hedge funds and other institutional investors own 27.90% of the company's stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com lowered Deutsche Bank Aktiengesellschaft from a "buy" rating to a "hold" rating in a research report on Thursday, January 16th. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Hold".

Deutsche Bank Aktiengesellschaft Stock Up 2.3 %

Shares of Deutsche Bank Aktiengesellschaft stock traded up $0.45 on Thursday, reaching $19.90. The company's stock had a trading volume of 2,448,921 shares, compared to its average volume of 1,717,094. Deutsche Bank Aktiengesellschaft has a 52 week low of $12.43 and a 52 week high of $19.90. The firm's fifty day simple moving average is $17.45 and its two-hundred day simple moving average is $16.79. The company has a quick ratio of 0.78, a current ratio of 0.78 and a debt-to-equity ratio of 1.47. The company has a market capitalization of $39.63 billion, a price-to-earnings ratio of 10.20 and a beta of 1.20.

About Deutsche Bank Aktiengesellschaft

Deutsche Bank Aktiengesellschaft, a stock corporation, provides corporate and investment banking, and asset management products and services to private individuals, corporate entities, and institutional clients in Germany, the United Kingdom, rest of Europe, the Middle East, Africa, the Americas, and the Asia-Pacific.