Summit Securities Group Has Raised Position in Deutsche Bank Ag (DB); Pictet Bank & Trust LTD Increased Its Holding in Goldman Sachs Group (GS) as Market Value Declined

January 14, 2018 - By Dolores Ford

Summit Securities Group Llc increased its stake in Deutsche Bank Ag (DB) by 5636.04% based on its latest 2017Q3 regulatory filing with the SEC. Summit Securities Group Llc bought 44,412 shares as the company’s stock rose 9.91% with the market. The institutional investor held 45,200 shares of the major banks company at the end of 2017Q3, valued at $781,000, up from 788 at the end of the previous reported quarter. Summit Securities Group Llc who had been investing in Deutsche Bank Ag for a number of months, seems to be bullish on the $35.66B market cap company. The stock increased 0.75% or $0.14 during the last trading session, reaching $18.7. About 4.43 million shares traded or 8.09% up from the average. Deutsche Bank Aktiengesellschaft (NYSE:DB) has risen 27.06% since January 14, 2017 and is uptrending. It has outperformed by 10.36% the S&P500.

Pictet Bank & Trust Ltd increased its stake in Goldman Sachs Group Inc (GS) by 250.67% based on its latest 2017Q3 regulatory filing with the SEC. Pictet Bank & Trust Ltd bought 16,820 shares as the company’s stock declined 13.97% while stock markets rallied. The institutional investor held 23,530 shares of the finance company at the end of 2017Q3, valued at $5.58 million, up from 6,710 at the end of the previous reported quarter. Pictet Bank & Trust Ltd who had been investing in Goldman Sachs Group Inc for a number of months, seems to be bullish on the $96.95 billion market cap company. The stock increased 0.74% or $1.9 during the last trading session, reaching $257.03. About 2.85 million shares traded or 5.27% up from the average. The Goldman Sachs Group, Inc. (NYSE:GS) has risen 39.23% since January 14, 2017 and is uptrending. It has outperformed by 22.53% the S&P500.

Investors sentiment decreased to 0.75 in 2017 Q3. Its down 0.33, from 1.08 in 2017Q2. It dived, as 63 investors sold GS shares while 427 reduced holdings. 82 funds opened positions while 285 raised stakes. 271.74 million shares or 2.47% less from 278.62 million shares in 2017Q2 were reported. Washington Trust State Bank has invested 1.1% in The Goldman Sachs Group, Inc. (NYSE:GS). State Of Wisconsin Investment Board has invested 0.36% in The Goldman Sachs Group, Inc. (NYSE:GS). Hawaii-based Bankshares Of Hawaii has invested 0.02% in The Goldman Sachs Group, Inc. (NYSE:GS). Assets Invest Mgmt Ltd Liability Company invested in 30,000 shares or 1.42% of the stock. Steinberg Asset Management owns 1,108 shares or 0.04% of their US portfolio. Schwerin Boyle Cap Mngmt has invested 0.49% of its portfolio in The Goldman Sachs Group, Inc. (NYSE:GS). Engineers Gate Manager Limited Partnership accumulated 4,570 shares. Kings Point Cap Management, a New York-based fund reported 846 shares. Lmr Prns Llp stated it has 0.13% in The Goldman Sachs Group, Inc. (NYSE:GS). Gofen And Glossberg Limited Liability Com Il owns 8,865 shares or 0.08% of their US portfolio. Bluecrest Mngmt Ltd accumulated 0.06% or 5,791 shares. Triangle Securities Wealth Mngmt has 0.93% invested in The Goldman Sachs Group, Inc. (NYSE:GS) for 6,624 shares. Tower Bridge Advisors accumulated 0.2% or 7,290 shares. Ls Investment Advsr Ltd Llc accumulated 0.2% or 14,359 shares. Connecticut-based Halsey Inc Ct has invested 0.04% in The Goldman Sachs Group, Inc. (NYSE:GS).

Among 30 analysts covering Goldman Sachs Group Inc. (NYSE:GS), 13 have Buy rating, 1 Sell and 16 Hold. Therefore 43% are positive. Goldman Sachs Group Inc. had 90 analyst reports since July 21, 2015 according to SRatingsIntel. The firm earned “Buy” rating on Monday, August 24 by Vetr. Keefe Bruyette & Woods maintained The Goldman Sachs Group, Inc. (NYSE:GS) on Tuesday, January 9 with “Hold” rating. BMO Capital Markets maintained The Goldman Sachs Group, Inc. (NYSE:GS) on Friday, October 6 with “Hold” rating. As per Friday, October 16, the company rating was maintained by UBS. RBC Capital Markets maintained the stock with “Sector Perform” rating in Wednesday, July 20 report. The firm has “Hold” rating by RBC Capital Markets given on Thursday, June 22. The firm earned “Neutral” rating on Thursday, October 20 by Guggenheim. The rating was upgraded by Sandler O’Neill to “Buy” on Monday, October 12. On Monday, October 26 the stock rating was upgraded by Morgan Stanley to “Overweight”. Citigroup maintained the shares of GS in report on Monday, October 9 with “Neutral” rating.

Pictet Bank & Trust Ltd, which manages about $334.56 million US Long portfolio, decreased its stake in Alphabet Inc by 674 shares to 9,315 shares, valued at $9.07M in 2017Q3, according to the filing. It also reduced its holding in Disney Walt Co (NYSE:DIS) by 4,108 shares in the quarter, leaving it with 69,055 shares, and cut its stake in Tesla Inc (NASDAQ:TSLA).

Since August 1, 2017, it had 0 buys, and 6 insider sales for $15.08 million activity. GNODDE RICHARD J sold 4,951 shares worth $1.19 million. $754,997 worth of The Goldman Sachs Group, Inc. (NYSE:GS) was sold by SOLOMON DAVID M. 17,685 shares were sold by ROGERS JOHN F.W., worth $4.16 million on Tuesday, August 8. 25,000 shares were sold by SCHWARTZ HARVEY M, worth $6.13M on Friday, October 20.

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. The rating was downgraded by JP Morgan on Wednesday, October 28 to “Neutral”. On Monday, December 19 the stock rating was downgraded by Citigroup to “Sell”. The firm has “Hold” rating by HSBC given on Monday, January 8. The firm has “Sell” rating given on Monday, May 16 by Berenberg. As per Friday, April 29, the company rating was downgraded by Keefe Bruyette & Woods. The stock of Deutsche Bank Aktiengesellschaft (NYSE:DB) has “Neutral” rating given on Monday, June 27 by JP Morgan. DZ Bank AG maintained Deutsche Bank Aktiengesellschaft (NYSE:DB) on Thursday, March 23 with “Sell” rating. On Friday, April 28 the stock rating was maintained by DZ Bank AG with “Sell”. As per Thursday, June 9, the company rating was downgraded by Barclays Capital. The rating was upgraded by Kepler Cheuvreux to “Buy” on Monday, October 5.

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