Deutsche Bank AG (DB) Shares Bought by Cubist Systematic Strategies LLC

Cubist Systematic Strategies LLC raised its stake in Deutsche Bank AG (NYSE:DB) by 185.5% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 55,750 shares of the bank’s stock after buying an additional 36,224 shares during the period. Cubist Systematic Strategies LLC’s holdings in Deutsche Bank were worth $963,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of DB. Bronfman E.L. Rothschild L.P. increased its stake in shares of Deutsche Bank by 83.6% during the 2nd quarter. Bronfman E.L. Rothschild L.P. now owns 6,132 shares of the bank’s stock worth $109,000 after purchasing an additional 2,793 shares in the last quarter. San Francisco Sentry Investment Group CA purchased a new position in shares of Deutsche Bank during the 2nd quarter worth approximately $130,000. Sei Investments Co. increased its stake in shares of Deutsche Bank by 49.9% during the 2nd quarter. Sei Investments Co. now owns 8,278 shares of the bank’s stock worth $147,000 after purchasing an additional 2,757 shares in the last quarter. First Republic Investment Management Inc. purchased a new position in shares of Deutsche Bank during the 3rd quarter worth approximately $180,000. Finally, Private Advisor Group LLC purchased a new position in shares of Deutsche Bank during the 3rd quarter worth approximately $195,000. 20.91% of the stock is owned by institutional investors.

A number of brokerages recently issued reports on DB. Zacks Investment Research upgraded shares of Deutsche Bank from a “sell” rating to a “hold” rating in a research report on Wednesday, September 20th. ValuEngine upgraded shares of Deutsche Bank from a “hold” rating to a “buy” rating in a research report on Tuesday, September 26th. upgraded shares of Deutsche Bank from a “reduce” rating to a “hold” rating and set a $14.00 target price on the stock in a research report on Thursday, September 21st. Citigroup restated a “sell” rating on shares of Deutsche Bank in a research report on Tuesday. Finally, Goldman Sachs Group restated a “neutral” rating on shares of Deutsche Bank in a research report on Tuesday, December 5th. Five investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and four have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $18.08.

Shares of Deutsche Bank AG (DB) opened at $19.71 on Thursday. The stock has a market cap of $41,025.45, a P/E ratio of 13.32 and a beta of 1.43. Deutsche Bank AG has a 1 year low of $15.59 and a 1 year high of $20.94. The company has a debt-to-equity ratio of 2.35, a quick ratio of 0.84 and a current ratio of 0.84.

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

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