Sanctuary Advisors LLC Reduces Holdings in Deutsche Bank Aktiengesellschaft (NYSE:DB)

Sanctuary Advisors LLC reduced its stake in Deutsche Bank Aktiengesellschaft (NYSE:DB) by 7.1% during the third quarter, Holdings Channel.com reports. The firm owned 56,764 shares of the bank’s stock after selling 4,360 shares during the period. Sanctuary Advisors LLC’s holdings in Deutsche Bank Aktiengesellschaft were worth $920,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Rothschild Investment LLC purchased a new position in shares of Deutsche Bank Aktiengesellschaft in the second quarter worth $29,000. SYSTM Wealth Solutions LLC purchased a new position in shares of Deutsche Bank Aktiengesellschaft in the second quarter valued at about $31,000. Allworth Financial LP raised its stake in shares of Deutsche Bank Aktiengesellschaft by 3,738.1% during the third quarter. Allworth Financial LP now owns 8,252 shares of the bank’s stock valued at $143,000 after acquiring an additional 8,037 shares during the last quarter. Benjamin F. Edwards & Company Inc. purchased a new stake in shares of Deutsche Bank Aktiengesellschaft during the second quarter worth about $135,000. Finally, Legacy Capital Group California Inc. bought a new stake in shares of Deutsche Bank Aktiengesellschaft in the third quarter worth about $195,000. Institutional investors own 27.90% of the company’s stock.

Analyst Upgrades and Downgrades

DB has been the subject of a number of recent analyst reports. Barclays raised Deutsche Bank Aktiengesellschaft from an “equal weight” rating to an “overweight” rating in a research report on Tuesday, September 3rd. StockNews.com upgraded Deutsche Bank Aktiengesellschaft from a “hold” rating to a “buy” rating in a report on Wednesday, December 18th. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy”.

Deutsche Bank Aktiengesellschaft Price Performance

DB stock opened at $16.93 on Monday. The company has a debt-to-equity ratio of 1.47, a current ratio of 0.78 and a quick ratio of 0.78. Deutsche Bank Aktiengesellschaft has a 1 year low of $12.43 and a 1 year high of $18.07. The firm has a 50-day moving average of $17.16 and a 200 day moving average of $16.52. The company has a market cap of $34.99 billion, a P/E ratio of 8.68 and a beta of 1.21.

About Deutsche Bank Aktiengesellschaft

Deutsche Bank Aktiengesellschaft, a stock corporation, provides corporate and investment banking, and asset management products and services to private individuals, corporate entities, and institutional clients in Germany, the United Kingdom, rest of Europe, the Middle East, Africa, the Americas, and the Asia-Pacific.