CIBC World Markets Inc. Takes $263,000 Position in Deutsche Bank AG (DB)
CIBC World Markets Inc. bought a new position in Deutsche Bank AG (NYSE:DB) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm bought 13,835 shares of the bank’s stock, valued at approximately $263,000.
Other institutional investors and hedge funds have also added to or reduced their stakes in the company. First Republic Investment Management Inc. purchased a new position in Deutsche Bank in the 3rd quarter worth approximately $180,000. Private Advisor Group LLC purchased a new position in Deutsche Bank in the 3rd quarter worth approximately $195,000. Mackenzie Financial Corp purchased a new position in Deutsche Bank in the 3rd quarter worth approximately $199,000. Scotia Capital Inc. purchased a new position in Deutsche Bank in the 2nd quarter worth approximately $229,000. Finally, Wright Investors Service Inc. purchased a new position in Deutsche Bank in the 3rd quarter worth approximately $241,000. 21.00% of the stock is currently owned by institutional investors and hedge funds.
A number of research analysts have weighed in on DB shares. ValuEngine raised shares of Deutsche Bank from a “hold” rating to a “buy” rating in a research note on Monday, December 4th. DZ Bank reaffirmed a “buy” rating on shares of Deutsche Bank in a research report on Thursday, December 7th. HSBC raised shares of Deutsche Bank from a “hold” rating to a “buy” rating in a research report on Tuesday, November 14th. raised shares of Deutsche Bank from a “hold” rating to a “buy” rating and lifted their price target for the company from $17.93 to $18.20 in a research report on Tuesday, November 14th. Finally, Zacks Investment Research raised shares of Deutsche Bank from a “strong sell” rating to a “hold” rating in a research report on Monday, November 6th. Five investment analysts have rated the stock with a sell rating, nine have issued a hold rating and two have assigned a buy rating to the company. Deutsche Bank presently has a consensus rating of “Hold” and a consensus target price of $18.08.
About Deutsche Bank
Deutsche Bank AG is a bank and holding company for its subsidiaries. The Company offers a range of investment, financial and related products and services to private individuals, corporate entities and institutional clients. It operates through six divisions: Global Markets, which offers financial products, including trading and hedging services to institutions and corporate clients; Corporate & Investment Banking, which brings together its commercial banking, corporate finance and transaction banking capability; Private, Wealth and Commercial Clients, which combines its capability in private and commercial banking, as well as in wealth management solutions; Deutsche Asset Management, whose investment capabilities span both active and passive strategies and an array of asset classes, including equities, fixed income, real estate and sustainable investments; Postbank, which is a German financial service provider for retail, business and corporate clients, and Non-Core Operations Unit.
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