Commerzbank Aktiengesellschaft Boosted Holding in Deutsche Bank Ag (DB) as Market Value Rose

January 17, 2018 - By Ellis Scott

Commerzbank Aktiengesellschaft increased its stake in Deutsche Bank Ag (DB) by 33.26% based on its latest 2017Q3 regulatory filing with the SEC. Commerzbank Aktiengesellschaft bought 4.76 million shares as the company’s stock rose 9.91% with the market. The institutional investor held 19.06 million shares of the major banks company at the end of 2017Q3, valued at $329.30M, up from 14.30M 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 $35.32 billion market cap company. The stock increased 0.05% or $0.01 during the last trading session, reaching $18.52. About 2.58 million shares traded. Deutsche Bank Aktiengesellschaft (NYSE:DB) has risen 27.06% since January 17, 2017 and is uptrending. It has outperformed by 10.36% the S&P500.

Commerzbank Aktiengesellschaft, which manages about $7.59 billion US Long portfolio, decreased its stake in Netflix Inc (NASDAQ:NFLX) by 24,128 shares to 360,191 shares, valued at $65.32 million in 2017Q3, according to the filing. It also reduced its holding in Sociedad Quimica Minera De C (NYSE:SQM) by 89,778 shares in the quarter, leaving it with 14,322 shares, and cut its stake in Visa Inc (NYSE:V).

More important recent Deutsche Bank Aktiengesellschaft (NYSE:DB) news were published by: Reuters.com which released: “Ex-SEC enforcement chief named deputy US attorney in Manhattan” on January 05, 2018, also Reuters.com published article titled: “Trump lawyer denies Deutsche Bank got subpoena on Trump accounts”, Investorplace.com published: “Security Drives BlackBerry Ltd’s Success in Autonomous Cars” on January 16, 2018. More interesting news about Deutsche Bank Aktiengesellschaft (NYSE:DB) was released by: Investorplace.com and their article: “Trade of the Day: Deutsche Bank AG (USA) (DB)” with publication date: October 18, 2017.

Deutsche Bank Aktiengesellschaft (NYSE:DB) Ratings Coverage

Among 14 analysts covering Deutsche Bank AG (NYSE:DB), 2 have Buy rating, 8 Sell and 4 Hold. Therefore 14% are positive. Deutsche Bank AG had 24 analyst reports since September 17, 2015 according to SRatingsIntel. On Thursday, January 7 the stock rating was upgraded by Barclays Capital to “Overweight”. As per Friday, November 13, the company rating was downgraded by Citigroup. The stock of Deutsche Bank Aktiengesellschaft (NYSE:DB) has “Underperform” rating given on Friday, April 29 by Wood. The firm has “Neutral” rating given on Friday, July 28 by Macquarie Research. Nomura upgraded the shares of DB in report on Thursday, September 17 to “Buy” rating. Bank of America downgraded the shares of DB in report on Friday, July 29 to “Underperform” rating. Credit Suisse initiated the stock with “Underperform” rating in Monday, September 19 report. As per Thursday, June 9, the company rating was downgraded by Barclays Capital. On Thursday, June 2 the stock rating was downgraded by RBC Capital Markets to “Sector Perform”. HSBC upgraded it to “Hold” rating and $14.0 target in Thursday, September 21 report.

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