Zurcher Kantonalbank Zurich Cantonalbank Buys 483,788 Shares of Deutsche Bank Aktiengesellschaft (NYSE:DB)

Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of Deutsche Bank Aktiengesellschaft (NYSE:DB) by 23.5% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,546,283 shares of the bank’s stock after purchasing an additional 483,788 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Deutsche Bank Aktiengesellschaft were worth $44,042,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Legal & General Group Plc grew its stake in shares of Deutsche Bank Aktiengesellschaft by 8,267.7% during the second 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 3rd quarter. Commerzbank Aktiengesellschaft FI now owns 5,259,492 shares of the bank’s stock worth $91,042,000 after purchasing an additional 5,275,992 shares in the last quarter. Marshall Wace LLP raised its position in Deutsche Bank Aktiengesellschaft by 102.7% in the second quarter. Marshall Wace LLP now owns 4,778,014 shares of the bank’s stock valued at $76,353,000 after purchasing an additional 2,420,905 shares during the last quarter. Liontrust Investment Partners LLP boosted its stake in shares of Deutsche Bank Aktiengesellschaft by 5.9% during the second quarter. Liontrust Investment Partners LLP now owns 4,718,214 shares of the bank’s stock valued at $75,386,000 after purchasing an additional 261,467 shares in the last quarter. Finally, MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH grew its holdings in shares of Deutsche Bank Aktiengesellschaft by 24.5% during the third quarter. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH now owns 2,240,124 shares of the bank’s stock worth $38,746,000 after purchasing an additional 440,513 shares during the last quarter. 27.90% of the stock is currently owned by institutional investors and hedge funds.

Deutsche Bank Aktiengesellschaft Price Performance

Shares of DB opened at $16.29 on Friday. The business has a 50-day moving average of $17.08 and a 200-day moving average of $16.46. The company has a debt-to-equity ratio of 1.47, a current ratio of 0.78 and a quick ratio of 0.78. The company has a market capitalization of $33.67 billion, a price-to-earnings ratio of 8.35 and a beta of 1.22. Deutsche Bank Aktiengesellschaft has a 1 year low of $12.09 and a 1 year high of $17.95.

Wall Street Analysts Forecast Growth

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

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.