MetLife Investment Management LLC Cuts Position in Deutsche Bank Aktiengesellschaft (NYSE:DB)

MetLife Investment Management LLC lowered its stake in shares of Deutsche Bank Aktiengesellschaft (NYSE:DB) by 2.1% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 168,167 shares of the bank’s stock after selling 3,681 shares during the quarter. MetLife Investment Management LLC’s holdings in Deutsche Bank Aktiengesellschaft were worth $2,907,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also modified their holdings of the stock. Healthcare of Ontario Pension Plan Trust Fund purchased a new stake in shares of Deutsche Bank Aktiengesellschaft during the third quarter worth $3,022,000. Townsquare Capital LLC purchased a new stake in shares of Deutsche Bank Aktiengesellschaft during the third quarter worth $273,000. FMR LLC increased its position in shares of Deutsche Bank Aktiengesellschaft by 13.7% during the third quarter. FMR LLC now owns 1,647,327 shares of the bank’s stock worth $28,419,000 after acquiring an additional 198,404 shares during the period. Cerity Partners LLC increased its position in shares of Deutsche Bank Aktiengesellschaft by 77.2% during the third quarter. Cerity Partners LLC now owns 98,381 shares of the bank’s stock worth $1,703,000 after acquiring an additional 42,860 shares during the period. Finally, Charles Schwab Investment Management Inc. increased its position in shares of Deutsche Bank Aktiengesellschaft by 16.6% during the third quarter. Charles Schwab Investment Management Inc. now owns 143,505 shares of the bank’s stock worth $2,484,000 after acquiring an additional 20,478 shares during the period. Hedge funds and other institutional investors own 27.90% of the company’s stock.

Analyst Upgrades and Downgrades

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

Deutsche Bank Aktiengesellschaft Trading Up 3.0 %

Shares of DB opened at $17.59 on Wednesday. Deutsche Bank Aktiengesellschaft has a fifty-two week low of $12.35 and a fifty-two week high of $17.95. The firm has a 50-day simple moving average of $17.07 and a 200-day simple moving average of $16.44. The company has a current ratio of 0.78, a quick ratio of 0.78 and a debt-to-equity ratio of 1.47.

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.