Notable SEC Filing: Deutsche Bank Ag (DB) Stock Declined While Commerzbank Aktiengesellschaft Has Decreased Holding

Notable SEC Filing: Deutsche Bank Ag (DB) Stock Declined While Commerzbank Aktiengesellschaft Has Decreased Holding

Commerzbank Aktiengesellschaft decreased its stake in Deutsche Bank Ag (DB) by 30.09% based on its latest 2016Q3 regulatory filing with the SEC. Commerzbank Aktiengesellschaft sold 6.38M shares as the company’s stock declined 5.90% while stock markets rallied. The institutional investor held 14.83M shares of the major banks company at the end of 2016Q3, valued at $194.12 million, down from 21.21 million 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 less bullish one the $25.85 billion market cap company. The stock is up 2.41% or $0.45 hitting $19.12, despite the negative news. About 5.27 million shares traded hands. Deutsche Bank AG (USA) (NYSE:DB) has risen 8.11% since June 7, 2016 and is uptrending. It has outperformed by 0.68% the S&P500.

Commerzbank Aktiengesellschaft, which manages about $6.21B US Long portfolio, upped its stake in Under Armour Inc (NYSE:UA) by 187,199 shares to 276,452 shares, valued at $10.69M in 2016Q3, according to the filing. It also increased its holding in Ishares Tr (IYR) by 50,427 shares in the quarter, for a total of 354,596 shares, and has risen its stake in Illumina Inc (NASDAQ:ILMN).

Analysts await Deutsche Bank AG (USA) (NYSE:DB) to report earnings on January, 26.

More notable recent Deutsche Bank AG (USA) (NYSE:DB) news were published by: Reuters.com which released: “Deutsche Bank’s top economist favors Trump over status quo” on January 10, 2017, also Investorplace.com with their article: “Deutsche Bank AG (USA) Has No More Safety Net (DB)” published on September 26, 2016, Investorplace.com published: “Why Deutsche Bank AG (USA) (DB), Ambac Financial Group, Inc. (AMBC) and Mosaic …” on December 19, 2016. More interesting news about Deutsche Bank AG (USA) (NYSE:DB) were released by: Investorplace.com and their article: “Forget Deutsche Bank AG (USA), Buy These 3 Foreign Banks Instead (DB)” published on October 05, 2016 as well as Etfdailynews.com‘s news article titled: “Deutsche Bank Might Pay Employee Bonuses in Stock, Not Cash” with publication date: October 26, 2016.

According to Zacks Investment Research, “Deutsche Bank is one of the leading international financial service providers. As a multi-specialist bank, they offer customers a broad range of modern banking services.”

Deutsche Bank AG (USA) (NYSE:DB) Ratings Coverage

Out of 11 analysts covering Deutsche Bank AG (NYSE:DB), 2 rate it a “Buy”, 6 “Sell”, while 3 “Hold”. This means 18% are positive. Deutsche Bank AG has been the topic of 14 analyst reports since September 17, 2015 according to StockzIntelligence Inc. The company was downgraded on Thursday, June 9 by Barclays Capital. The stock has “Overweight” rating given by Barclays Capital on Thursday, January 7. As per Thursday, September 17, the company rating was upgraded by Nomura. As per Monday, May 16, the company rating was downgraded by Berenberg. The firm has “Sector Perform” rating by RBC Capital Markets given on Thursday, June 2. Kepler Cheuvreux upgraded Deutsche Bank AG (USA) (NYSE:DB) on Monday, October 5 to “Buy” rating. On Monday, September 19 the stock rating was initiated by Credit Suisse with “Underperform”. The stock has “Neutral” rating given by JP Morgan on Wednesday, October 28. The stock of Deutsche Bank AG (USA) (NYSE:DB) has “Neutral” rating given on Friday, November 13 by Citigroup. As per Friday, April 29, the company rating was downgraded by Wood.

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