Deutsche Bank Aktiengesellschaft (NYSE:DB) Shares Sold by Franklin Resources Inc.

Franklin Resources Inc. trimmed its holdings in Deutsche Bank Aktiengesellschaft (NYSE:DB) by 17.2% during the third quarter, HoldingsChannel.com reports. The fund owned 4,314,027 shares of the bank’s stock after selling 893,621 shares during the period. Franklin Resources Inc.’s holdings in Deutsche Bank Aktiengesellschaft were worth $78,482,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently bought and sold shares of the company. Legal & General Group Plc raised its position in Deutsche Bank Aktiengesellschaft by 8,267.7% during the 2nd quarter. Legal & General Group Plc now owns 20,181,236 shares of the bank’s stock worth $322,438,000 after buying an additional 19,940,056 shares during the last quarter. Commerzbank Aktiengesellschaft FI increased its holdings in 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 buying an additional 5,275,992 shares in the last quarter. Marshall Wace LLP boosted its stake in shares of Deutsche Bank Aktiengesellschaft by 102.7% during the 2nd quarter. Marshall Wace LLP now owns 4,778,014 shares of the bank’s stock worth $76,353,000 after acquiring an additional 2,420,905 shares in the last quarter. Wellington Management Group LLP grew its holdings in Deutsche Bank Aktiengesellschaft by 332.0% in the third quarter. Wellington Management Group LLP now owns 2,194,855 shares of the bank’s stock valued at $37,964,000 after purchasing an additional 1,686,776 shares during the last quarter. Finally, Public Employees Retirement System of Ohio acquired a new stake in Deutsche Bank Aktiengesellschaft in the 3rd quarter valued at about $28,515,000. 27.90% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts have commented on the company. Barclays upgraded Deutsche Bank Aktiengesellschaft from an “equal weight” rating to an “overweight” rating in a report on Tuesday, September 3rd. StockNews.com downgraded shares of Deutsche Bank Aktiengesellschaft from a “buy” rating to a “hold” rating in a research note on Tuesday, December 10th. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold”.

Deutsche Bank Aktiengesellschaft Trading Up 0.5 %

Shares of DB opened at $17.98 on Tuesday. Deutsche Bank Aktiengesellschaft has a fifty-two week low of $12.43 and a fifty-two week high of $18.07. The stock has a fifty day moving average of $17.19 and a two-hundred day moving average of $16.50. The company has a debt-to-equity ratio of 1.47, a quick ratio of 0.78 and a current ratio of 0.78. The company has a market capitalization of $37.15 billion, a PE ratio of 9.22 and a beta of 1.21.

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.