The Manufacturers Life Insurance Company Sells 644,187 Shares of Deutsche Bank Aktiengesellschaft (NYSE:DB)

The Manufacturers Life Insurance Company lessened its holdings in Deutsche Bank Aktiengesellschaft (NYSE:DB) by 17.1% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 3,115,236 shares of the bank’s stock after selling 644,187 shares during the quarter. The Manufacturers Life Insurance Company owned approximately 0.15% of Deutsche Bank Aktiengesellschaft worth $26,169,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of the company. DekaBank Deutsche Girozentrale boosted its stake in shares of Deutsche Bank Aktiengesellschaft by 2.8% in the 3rd quarter. DekaBank Deutsche Girozentrale now owns 13,054,776 shares of the bank’s stock valued at $108,552,000 after purchasing an additional 352,695 shares during the last quarter. Bank of New York Mellon Corp boosted its stake in shares of Deutsche Bank Aktiengesellschaft by 5.4% in the 2nd quarter. Bank of New York Mellon Corp now owns 3,847,109 shares of the bank’s stock valued at $36,624,000 after purchasing an additional 195,664 shares during the last quarter. Russell Investments Group Ltd. boosted its stake in shares of Deutsche Bank Aktiengesellschaft by 27.3% in the 2nd quarter. Russell Investments Group Ltd. now owns 3,054,619 shares of the bank’s stock valued at $29,036,000 after purchasing an additional 655,608 shares during the last quarter. MUFG Securities EMEA plc bought a new position in shares of Deutsche Bank Aktiengesellschaft in the 2nd quarter valued at about $14,280,000. Finally, Bank of Montreal Can boosted its stake in shares of Deutsche Bank Aktiengesellschaft by 236.2% in the 2nd quarter. Bank of Montreal Can now owns 1,444,606 shares of the bank’s stock valued at $14,041,000 after purchasing an additional 1,014,959 shares during the last quarter. 25.62% of the stock is currently owned by institutional investors.

Shares of DB stock opened at $10.69 on Friday. The company has a debt-to-equity ratio of 2.44, a quick ratio of 0.76 and a current ratio of 0.73. The company has a market capitalization of $22.09 billion, a P/E ratio of -13.70 and a beta of 1.45. The company’s 50 day moving average price is $9.63 and its two-hundred day moving average price is $9.14. Deutsche Bank Aktiengesellschaft has a 52 week low of $4.99 and a 52 week high of $11.16.

Deutsche Bank Aktiengesellschaft (NYSE:DB) last announced its earnings results on Monday, November 2nd. The bank reported $0.15 EPS for the quarter, topping the consensus estimate of $0.02 by $0.13. The firm had revenue of $6.94 billion for the quarter. Deutsche Bank Aktiengesellschaft had a negative net margin of 3.92% and a negative return on equity of 1.94%. Analysts forecast that Deutsche Bank Aktiengesellschaft will post -0.16 earnings per share for the current year.

Several brokerages have recently issued reports on DB. JPMorgan Chase & Co. reaffirmed a “neutral” rating on shares of Deutsche Bank Aktiengesellschaft in a research note on Thursday, October 29th. Morgan Stanley reissued an “underweight” rating on shares of Deutsche Bank Aktiengesellschaft in a research note on Thursday, July 30th. Societe Generale raised shares of Deutsche Bank Aktiengesellschaft from a “hold” rating to a “buy” rating in a research note on Thursday, October 29th. DZ Bank reissued a “neutral” rating on shares of Deutsche Bank Aktiengesellschaft in a research note on Wednesday, October 28th. Finally, Kepler Capital Markets reissued a “sell” rating on shares of Deutsche Bank Aktiengesellschaft in a research note on Thursday, October 8th. Seven research analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has given a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $8.33.

About Deutsche Bank Aktiengesellschaft

Deutsche Bank Aktiengesellschaft provides investment, financial, and related products and services to private individuals, corporate entities, and institutional clients worldwide. Its Corporate Bank segment provides cash management, trade finance and lending, trust and agency, and securities services.

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

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