Commerzbank Aktiengesellschaft Maintains Holding in Deutsche Bank Ag (DB)

November 15, 2017 - By Adrian Mccoy

Commerzbank Aktiengesellschaft increased its stake in Deutsche Bank Ag (DB) by 55.79% based on its latest 2017Q2 regulatory filing with the SEC. Commerzbank Aktiengesellschaft bought 5.12M shares as the company’s stock rose 9.91% with the market. The institutional investor held 14.30M shares of the major banks company at the end of 2017Q2, valued at $254.40 million, up from 9.18M at the end of the previous reported quarter. Commerzbank Aktiengesellschaft who had been investing in Deutsche Bank Ag for a number of months, seems to be bullish on the $37.28B market cap company. The stock rose 0.60% or $0.11 reaching $18.3 per share. About 294,713 shares traded. Deutsche Bank AG (USA) (NYSE:DB) has risen 27.06% since November 15, 2016 and is uptrending. It has outperformed by 10.36% the S&P500.

Commerzbank Aktiengesellschaft, which manages about $5.96 billion US Long portfolio, decreased its stake in 3M Co (NYSE:MMM) by 39,618 shares to 31,733 shares, valued at $6.61M in 2017Q2, according to the filing. It also reduced its holding in Palo Alto Networks Inc (NYSE:PANW) by 58,255 shares in the quarter, leaving it with 25,867 shares, and cut its stake in Bank N S Halifax (NYSE:BNS).

More news for Deutsche Bank AG (USA) (NYSE:DB) were recently published by: Benzinga.com, which released: “Benzinga’s Top Upgrades, Downgrades For November 14, 2017” on November 14, 2017. Investorplace.com‘s article titled: “Trade of the Day: Deutsche Bank AG (USA) (DB)” and published on October 18, 2017 is yet another important article.

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

Among 14 analysts covering Deutsche Bank AG (NYSE:DB), 3 have Buy rating, 8 Sell and 3 Hold. Therefore 21% are positive. Deutsche Bank AG had 22 analyst reports since September 17, 2015 according to SRatingsIntel. The firm has “Overweight” rating by Barclays Capital given on Thursday, January 7. The company was downgraded on Friday, April 29 by Keefe Bruyette & Woods. The firm has “Buy” rating by Kepler Cheuvreux given on Monday, October 5. Citigroup downgraded Deutsche Bank AG (USA) (NYSE:DB) on Friday, November 13 to “Neutral” rating. As per Friday, July 29, the company rating was downgraded by Bank of America. Credit Suisse initiated Deutsche Bank AG (USA) (NYSE:DB) on Monday, September 19 with “Underperform” rating. The firm earned “Reduce” rating on Friday, August 11 by HSBC. The firm has “Sector Perform” rating by RBC Capital Markets given on Thursday, June 2. The firm has “Sell” rating by Macquarie Research given on Tuesday, August 15. On Tuesday, November 14 the stock rating was upgraded by HSBC to “Buy”.

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