Zurcher Kantonalbank Zurich Cantonalbank Has $44.04 Million Stock Position in Deutsche Bank Aktiengesellschaft (NYSE:DB)

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

Other institutional investors also recently made changes to their positions in the company. Rothschild Investment LLC acquired a new stake in Deutsche Bank Aktiengesellschaft during the 2nd quarter worth approximately $29,000. SYSTM Wealth Solutions LLC bought a new stake in shares of Deutsche Bank Aktiengesellschaft in the second quarter valued at about $31,000. EverSource Wealth Advisors LLC grew its stake in shares of Deutsche Bank Aktiengesellschaft by 20.5% in the first quarter. EverSource Wealth Advisors LLC now owns 7,368 shares of the bank’s stock valued at $118,000 after acquiring an additional 1,251 shares in the last quarter. Blue Trust Inc. increased its position in Deutsche Bank Aktiengesellschaft by 251.8% during the second quarter. Blue Trust Inc. now owns 8,587 shares of the bank’s stock worth $135,000 after acquiring an additional 6,146 shares during the period. Finally, Benjamin F. Edwards & Company Inc. acquired a new stake in Deutsche Bank Aktiengesellschaft in the 2nd quarter worth about $135,000. Institutional investors own 27.90% of the company’s stock.

Deutsche Bank Aktiengesellschaft Price Performance

Shares of NYSE:DB opened at $16.29 on Friday. The company has a current ratio of 0.78, a quick ratio of 0.78 and a debt-to-equity ratio of 1.47. The stock has a market capitalization of $33.67 billion, a PE ratio of 8.35 and a beta of 1.22. The firm has a 50 day moving average of $17.08 and a 200-day moving average of $16.46. Deutsche Bank Aktiengesellschaft has a 12 month low of $12.09 and a 12 month high of $17.95.

Analyst Upgrades and Downgrades

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

Deutsche Bank Aktiengesellschaft 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.