Banco Santander S.A. Trims Position in Deutsche Bank Aktiengesellschaft (NYSE:DB)

Banco Santander S.A. reduced its holdings in shares of Deutsche Bank Aktiengesellschaft (NYSE:DB) by 36.8% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,014,122 shares of the bank’s stock after selling 589,520 shares during the period. Banco Santander S.A.’s holdings in Deutsche Bank Aktiengesellschaft were worth $17,554,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in the stock. Pitcairn Co. bought a new stake in Deutsche Bank Aktiengesellschaft in the first quarter worth $220,000. Vident Advisory LLC boosted its stake in Deutsche Bank Aktiengesellschaft by 424.8% in the 1st quarter. Vident Advisory LLC now owns 185,352 shares of the bank’s stock worth $2,915,000 after purchasing an additional 150,035 shares in the last quarter. Capital Group Private Client Services Inc. purchased a new stake in Deutsche Bank Aktiengesellschaft during the 1st quarter valued at about $6,840,000. Capital International Investors increased its stake in Deutsche Bank Aktiengesellschaft by 163.4% during the 1st quarter. Capital International Investors now owns 48,638,662 shares of the bank’s stock valued at $765,173,000 after purchasing an additional 30,173,405 shares in the last quarter. Finally, Canada Pension Plan Investment Board raised its holdings in Deutsche Bank Aktiengesellschaft by 14.7% in the first quarter. Canada Pension Plan Investment Board now owns 4,089,532 shares of the bank’s stock worth $64,404,000 after buying an additional 524,175 shares during the last quarter. 27.90% of the stock is owned by institutional investors.

Deutsche Bank Aktiengesellschaft Trading Down 0.5 %

NYSE:DB opened at $16.69 on Thursday. The company has a 50 day simple moving average of $17.06 and a two-hundred day simple moving average of $16.48. The company has a quick ratio of 0.78, a current ratio of 0.78 and a debt-to-equity ratio of 1.47. Deutsche Bank Aktiengesellschaft has a 12 month low of $12.05 and a 12 month high of $17.95.

Analyst Ratings Changes

A number of research firms have recently commented on DB. StockNews.com upgraded shares of Deutsche Bank Aktiengesellschaft from a “hold” rating to a “buy” rating in a report on Saturday, November 9th. Barclays upgraded Deutsche Bank Aktiengesellschaft from an “equal weight” rating to an “overweight” rating in a report on Tuesday, September 3rd. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy”.

Deutsche Bank Aktiengesellschaft Company 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.