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.

Shares of Deutsche Bank AG (NYSE:DB) opened at $15.58 on Friday. The company has a market cap of $32,014.31, a P/E ratio of -25.13, a PEG ratio of 2.82 and a beta of 1.23. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 2.35. Deutsche Bank AG has a 12-month low of $15.06 and a 12-month high of $20.71.

TRADEMARK VIOLATION NOTICE: “CIBC World Markets Inc. Takes $263,000 Position in Deutsche Bank AG (DB)” was originally posted by TheOlympiaReport and is the property of of TheOlympiaReport. If you are viewing this article on another site, it was illegally copied and republished in violation of United States & international copyright laws. The correct version of this article can be read at https://theolympiareport.com/2018/02/11/cibc-world-markets-inc-takes-263000-position-in-deutsche-bank-ag-db.html.

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.

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 (NYSE:DB)

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