Plato Investment Management Ltd Buys New Shares in Deutsche Bank Aktiengesellschaft (NYSE:DB)

Plato Investment Management Ltd purchased a new position in shares of Deutsche Bank Aktiengesellschaft (NYSE:DB) during the 3rd quarter, HoldingsChannel reports. The firm purchased 249,557 shares of the bank’s stock, valued at approximately $4,324,000.

A number of other hedge funds also recently bought and sold shares of the stock. Aprio Wealth Management LLC increased its position in shares of Deutsche Bank Aktiengesellschaft by 4.3% in the 2nd quarter. Aprio Wealth Management LLC now owns 14,686 shares of the bank’s stock valued at $234,000 after purchasing an additional 604 shares during the last quarter. Cetera Advisors LLC increased its holdings in Deutsche Bank Aktiengesellschaft by 9.2% in the first quarter. Cetera Advisors LLC now owns 11,826 shares of the bank’s stock valued at $186,000 after buying an additional 1,001 shares during the last quarter. Rhumbline Advisers lifted its holdings in Deutsche Bank Aktiengesellschaft by 4.3% during the 2nd quarter. Rhumbline Advisers now owns 30,018 shares of the bank’s stock worth $478,000 after buying an additional 1,230 shares during the last quarter. EverSource Wealth Advisors LLC boosted its position in shares of Deutsche Bank Aktiengesellschaft by 20.5% during the 1st quarter. EverSource Wealth Advisors LLC now owns 7,368 shares of the bank’s stock worth $118,000 after acquiring an additional 1,251 shares in the last quarter. Finally, SG Americas Securities LLC boosted its position in shares of Deutsche Bank Aktiengesellschaft by 1.3% during the 2nd quarter. SG Americas Securities LLC now owns 107,297 shares of the bank’s stock worth $1,710,000 after acquiring an additional 1,403 shares in the last quarter. Institutional investors and hedge funds own 27.90% of the company’s stock.

Deutsche Bank Aktiengesellschaft Trading Down 2.2 %

Shares of DB opened at $16.40 on Thursday. The company has a 50-day moving average of $17.00 and a two-hundred day moving average of $16.46. Deutsche Bank Aktiengesellschaft has a 12-month low of $11.45 and a 12-month high of $17.95. The company has a debt-to-equity ratio of 1.47, a quick ratio of 0.78 and a current ratio of 0.78.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on DB. Barclays raised Deutsche Bank Aktiengesellschaft from an “equal weight” rating to an “overweight” rating in a report on Tuesday, September 3rd. StockNews.com upgraded Deutsche Bank Aktiengesellschaft from a “hold” rating to a “buy” rating in a research report on Saturday, November 9th. Two analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, the stock has an average 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.