TD Asset Management Inc. Sells 9,958 Shares of Deutsche Bank Aktiengesellschaft (NYSE:DB)

TD Asset Management Inc. reduced its holdings in Deutsche Bank Aktiengesellschaft (NYSE:DB) by 2.0% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 490,720 shares of the bank’s stock after selling 9,958 shares during the period. TD Asset Management Inc.’s holdings in Deutsche Bank Aktiengesellschaft were worth $6,277,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. Mackenzie Financial Corp increased its position in Deutsche Bank Aktiengesellschaft by 47.6% in the 3rd quarter. Mackenzie Financial Corp now owns 244,620 shares of the bank’s stock worth $3,107,000 after buying an additional 78,888 shares during the period. Moors & Cabot Inc. bought a new position in Deutsche Bank Aktiengesellschaft in the 3rd quarter worth approximately $6,727,000. Advisor Group Holdings Inc. increased its position in Deutsche Bank Aktiengesellschaft by 28.8% in the 3rd quarter. Advisor Group Holdings Inc. now owns 38,862 shares of the bank’s stock worth $493,000 after buying an additional 8,686 shares during the period. Sycomore Asset Management bought a new position in Deutsche Bank Aktiengesellschaft in the 3rd quarter worth approximately $5,885,000. Finally, Raymond James & Associates increased its position in Deutsche Bank Aktiengesellschaft by 23.9% in the 3rd quarter. Raymond James & Associates now owns 84,050 shares of the bank’s stock worth $1,067,000 after buying an additional 16,191 shares during the period.

Shares of DB stock opened at $13.79 on Friday. The stock’s fifty day simple moving average is $12.75 and its 200 day simple moving average is $12.72. The company has a quick ratio of 0.80, a current ratio of 0.81 and a debt-to-equity ratio of 2.26. Deutsche Bank Aktiengesellschaft has a one year low of $10.08 and a one year high of $15.34.

Deutsche Bank Aktiengesellschaft (NYSE:DB) last posted its quarterly earnings data on Tuesday, October 26th. The bank reported $0.15 EPS for the quarter, missing analysts’ consensus estimates of $0.27 by ($0.12). The business had revenue of $7.12 billion during the quarter. Deutsche Bank Aktiengesellschaft had a return on equity of 3.54% and a net margin of 7.74%. Equities research analysts expect that Deutsche Bank Aktiengesellschaft will post 1.59 EPS for the current fiscal year.

Several analysts have recently weighed in on the company. JPMorgan Chase & Co. raised Deutsche Bank Aktiengesellschaft from a “neutral” rating to an “overweight” rating in a report on Sunday, December 5th. Morgan Stanley reissued an “equal weight” rating on shares of Deutsche Bank Aktiengesellschaft in a report on Monday, November 29th. UBS Group raised Deutsche Bank Aktiengesellschaft from a “neutral” rating to a “buy” rating in a report on Wednesday, October 20th. Royal Bank of Canada reissued a “sector perform” rating on shares of Deutsche Bank Aktiengesellschaft in a report on Thursday, October 28th. Finally, Zacks Investment Research lowered Deutsche Bank Aktiengesellschaft from a “buy” rating to a “hold” rating and set a $13.50 price objective on the stock. in a report on Friday, December 3rd. Two analysts have rated the stock with a sell rating, nine have given a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $12.43.

About Deutsche Bank Aktiengesellschaft

Deutsche Bank AG engages in the provision of corporate banking and investment services. It operates through the following segments: Corporate Bank, Investment Bank, Private Bank, Asset Management, Capital Release Unit, and Corporate and Other. The Corporate Bank segment includes the global transaction bank as well as the German commercial clients division.

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

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