Deutsche Bank AG Sells 346,603 Shares of Kohl’s Co. (NYSE:KSS)

Deutsche Bank AG is a multinational investment bank and financial services company headquartered in Frankfurt, Germany. The company operates in various segments including corporate banking, investment banking, asset management, and private wealth management.

Kohl's Co. is a retail corporation based in the United States that operates department stores under the Kohl's brand name. The company was founded in 1903 by Charles C. Kohl and has since grown to become one of the largest retailers in the United States, with over 1,200 stores across 48 states.

In its most recent disclosure with the SEC, Deutsche Bank AG announced that it had sold 346,603 shares of Kohl's Co.'s stock during the third quarter, reducing its stake in the company by 89.7%. After the sale, the fund owned 39,784 shares of the company's stock, which represents a 2.5% ownership stake in Kohl's.

It is worth noting that Deutsche Bank AG has been an investor in Kohl's Co. for several years and has previously held larger stakes in the company. In its 2019 annual report, the bank reported owning approximately 47 million shares of Kohl's stock, which represented a 5.3% ownership stake at the time.

Overall, Deutsche Bank AG's decision to sell a significant portion of its stake in Kohl's Co. during the third quarter reflects the company's ongoing efforts to manage its investment portfolio and optimize its holdings in various companies.