Dekabank Deutsche Girozentrale Holds Holding in Deutsche Bank Ag (DB)

June 19, 2017 - By Peter Erickson

Dekabank Deutsche Girozentrale increased its stake in Deutsche Bank Ag (DB) by 11.81% based on its latest 2016Q4 regulatory filing with the SEC. Dekabank Deutsche Girozentrale bought 2.22 million shares as the company’s stock rose 9.91% with the market. The institutional investor held 20.98 million shares of the major banks company at the end of 2016Q4, valued at $380.95M, up from 18.76M at the end of the previous reported quarter. Dekabank Deutsche Girozentrale who had been investing in Deutsche Bank Ag for a number of months, seems to be bullish on the $35.16 billion market cap company. The stock rose 1.61% or $0.27 reaching $17.09 per share. About 156,413 shares traded. Deutsche Bank AG (USA) (NYSE:DB) has risen 27.06% since June 19, 2016 and is uptrending. It has outperformed by 10.36% the S&P500.

Dekabank Deutsche Girozentrale, which manages about $9.40B US Long portfolio, decreased its stake in Northrop Grumman Corp (NYSE:NOC) by 37,080 shares to 266,417 shares, valued at $61.80 million in 2016Q4, according to the filing. It also reduced its holding in Johnson Ctls Intl Plc by 350,297 shares in the quarter, leaving it with 670,803 shares, and cut its stake in Micron Technology Inc (NASDAQ:MU).

Deutsche Bank AG (USA) (NYSE:DB) Ratings Coverage

Among 13 analysts covering Deutsche Bank AG (NYSE:DB), 3 have Buy rating, 7 Sell and 3 Hold. Therefore 23% are positive. Deutsche Bank AG had 17 analyst reports since September 17, 2015 according to SRatingsIntel. The firm has “Buy” rating by Nomura given on Thursday, September 17. The firm earned “Underperform” rating on Friday, April 29 by Keefe Bruyette & Woods. The stock of Deutsche Bank AG (USA) (NYSE:DB) has “Sell” rating given on Thursday, March 23 by DZ Bank AG. DZ Bank AG maintained Deutsche Bank AG (USA) (NYSE:DB) on Friday, April 28 with “Sell” rating. The stock of Deutsche Bank AG (USA) (NYSE:DB) earned “Underperform” rating by Bank of America on Friday, July 29. As per Monday, September 19, the company rating was initiated by Credit Suisse. The company was upgraded on Thursday, January 7 by Barclays Capital. The rating was downgraded by JP Morgan to “Neutral” on Monday, June 27. The stock of Deutsche Bank AG (USA) (NYSE:DB) has “Neutral” rating given on Wednesday, October 28 by JP Morgan. The stock of Deutsche Bank AG (USA) (NYSE:DB) has “Equal-Weight” rating given on Thursday, June 9 by Barclays Capital.

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