Forsta AP Fonden Has $1.26 Million Stake in Deutsche Bank Aktiengesellschaft (NYSE:DB)

Forsta AP Fonden lowered its position in Deutsche Bank Aktiengesellschaft (NYSE:DB - Free Report) by 64.9% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 72,809 shares of the bank's stock after selling 134,915 shares during the quarter. Forsta AP Fonden's holdings in Deutsche Bank Aktiengesellschaft were worth $1,260,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Allworth Financial LP raised its stake in 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 in the last quarter. Legacy Capital Group California Inc. bought a new position in shares of Deutsche Bank Aktiengesellschaft during the third quarter worth about $195,000. Commerzbank Aktiengesellschaft FI increased its stake in shares of Deutsche Bank Aktiengesellschaft by 31,975.7% in the third quarter. Commerzbank Aktiengesellschaft FI now owns 5,259,492 shares of the bank's stock valued at $91,042,000 after purchasing an additional 5,275,992 shares during the period. Signaturefd LLC boosted its position in Deutsche Bank Aktiengesellschaft by 8.8% during the 3rd quarter. Signaturefd LLC now owns 35,403 shares of the bank's stock worth $613,000 after acquiring an additional 2,866 shares during the period. Finally, Allspring Global Investments Holdings LLC raised its stake in shares of Deutsche Bank Aktiengesellschaft by 329,898.6% during the third quarter. Allspring Global Investments Holdings LLC now owns 699,597 shares of the bank's stock valued at $12,101,000 after purchasing an additional 699,385 shares in the last quarter. 27.90% of the stock is owned by hedge funds and other institutional investors.

Deutsche Bank Aktiengesellschaft Trading Up 1.1 %

Shares of Deutsche Bank Aktiengesellschaft stock traded up $0.19 on Thursday, reaching $16.94. 2,081,743 shares of the company were exchanged, compared to its average volume of 2,383,189. Deutsche Bank Aktiengesellschaft has a fifty-two week low of $10.91 and a fifty-two week high of $17.95. The firm has a market capitalization of $35.01 billion, a price-to-earnings ratio of 8.70 and a beta of 1.21. The company has a current ratio of 0.78, a quick ratio of 0.78 and a debt-to-equity ratio of 1.43. The stock has a fifty day moving average price of $16.85 and a 200-day moving average price of $16.41.

Wall Street Analyst Weigh In

A number of research analysts recently commented on DB shares. StockNews.com upgraded shares of Deutsche Bank Aktiengesellschaft from a "hold" rating to a "buy" rating in a research note on Monday, October 7th. Barclays raised Deutsche Bank Aktiengesellschaft from an "equal weight" rating to an "overweight" rating in a research note on Tuesday, September 3rd. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy".

Deutsche Bank Aktiengesellschaft Profile

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.