Ameriprise Financial Inc. reduced its holdings in shares of Deutsche Bank AG (NYSE:DB) by 29.0% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 137,304 shares of the bank’s stock after selling 56,121 shares during the period. Ameriprise Financial Inc.’s holdings in Deutsche Bank AG were worth $2,443,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the company. Strategic Advisors LLC boosted its position in Deutsche Bank AG by 1.2% in the second quarter. Strategic Advisors LLC now owns 63,981 shares of the bank’s stock valued at $1,624,000 after buying an additional 749 shares in the last quarter. Northwestern Mutual Wealth Management Co. boosted its position in Deutsche Bank AG by 79.7% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 15,108 shares of the bank’s stock valued at $269,000 after buying an additional 6,699 shares in the last quarter. Alliancebernstein L.P. boosted its position in Deutsche Bank AG by 35.3% in the second quarter. Alliancebernstein L.P. now owns 1,114,059 shares of the bank’s stock valued at $19,819,000 after buying an additional 290,561 shares in the last quarter. AXA boosted its position in Deutsche Bank AG by 2.3% in the second quarter. AXA now owns 551,872 shares of the bank’s stock valued at $9,817,000 after buying an additional 12,310 shares in the last quarter. Finally, Franklin Resources Inc. acquired a new position in Deutsche Bank AG in the second quarter valued at about $3,381,000. Institutional investors and hedge funds own 22.48% of the company’s stock.

Deutsche Bank AG (NYSE:DB) opened at 16.27 on Wednesday. The firm’s market capitalization is $33.60 billion. The stock’s 50 day moving average is $16.74 and its 200-day moving average is $17.47. Deutsche Bank AG has a 12 month low of $13.32 and a 12 month high of $20.94.

A number of research firms have commented on DB. DZ Bank AG restated a “buy” rating on shares of Deutsche Bank AG in a research report on Thursday, July 27th. BidaskClub upgraded shares of Deutsche Bank AG from a “hold” rating to a “buy” rating in a research report on Tuesday, July 11th. Macquarie lowered shares of Deutsche Bank AG from an “outperform” rating to a “neutral” rating and set a $18.03 price target on the stock. in a research report on Friday, July 28th. Zacks Investment Research lowered shares of Deutsche Bank AG from a “buy” rating to a “hold” rating in a research report on Wednesday, August 9th. Finally, HSBC Holdings plc lowered shares of Deutsche Bank AG from a “hold” rating to a “reduce” rating in a research report on Friday, August 11th. Four equities research analysts have rated the stock with a sell rating, six have given a hold rating, three have issued a buy rating and one has given a strong buy rating to the company. Deutsche Bank AG currently has an average rating of “Hold” and an average price target of $18.21.

TRADEMARK VIOLATION NOTICE: This article was first reported by TheOlympiaReport and is owned by of TheOlympiaReport. If you are accessing this article on another website, it was illegally copied and reposted in violation of United States and international copyright law. The legal version of this article can be read at https://theolympiareport.com/2017/11/01/ameriprise-financial-inc-sells-56121-shares-of-deutsche-bank-ag-db.html.

Deutsche Bank AG Profile

Want to see what other hedge funds are holding DB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Deutsche Bank AG (NYSE:DB).

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

Receive News & Ratings for Deutsche Bank AG Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Deutsche Bank AG and related companies with Analyst Ratings Network's FREE daily email newsletter.