Deutsche Bank AG Makes New Investment in Ally Financial Inc. $ALLY

Deutsche Bank AG acquired a new stake in shares of Ally Financial Inc. (NYSE:ALLY) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 524,428 shares of the financial services provider’s stock, valued at approximately $24,097,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of ALLY. SJS Investment Consulting Inc. grew its holdings in shares of Ally Financial by 30.8% during the first quarter. SJS Investment Consulting Inc. now owns 1,019 shares of the financial services provider’s stock valued at $40,000 after purchasing an additional 240 shares during the last quarter. Fifth Third Wealth Advisors LLC lifted its holdings in shares of Ally Financial by 3.1% in the 1st quarter. Fifth Third Wealth Advisors LLC now owns 8,010 shares of the financial services provider’s stock worth $314,000 after purchasing an additional 243 shares during the last quarter. Brown Brothers Harriman & Co. lifted its holdings in shares of Ally Financial by 31.5% in the 4th quarter. Brown Brothers Harriman & Co. now owns 1,052 shares of the financial services provider’s stock worth $48,000 after purchasing an additional 252 shares during the last quarter. Triumph Capital Management boosted its position in Ally Financial by 9.2% during the 4th quarter. Triumph Capital Management now owns 3,133 shares of the financial services provider’s stock valued at $142,000 after purchasing an additional 265 shares during the period. Finally, Larson Financial Group LLC boosted its position in Ally Financial by 25.0% during the 4th quarter. Larson Financial Group LLC now owns 1,340 shares of the financial services provider’s stock valued at $61,000 after purchasing an additional 268 shares during the period. Institutional investors and hedge funds own 88.76% of the company’s stock.

Insider Buying and Selling

In other Ally Financial news, insider Stephanie N. Richard sold 5,000 shares of the company’s stock in a transaction dated Tuesday, August 4th. The shares were sold at an average price of $44.23, for a total value of $221,150.00. Following the completion of the sale, the insider directly owned 88,927 shares of the company’s stock, valued at approximately $3,933,241.21. This represents a 5.32% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.46% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have weighed in on ALLY shares. Wall Street Zen lowered Ally Financial from a “buy” rating to a “hold” rating in a research report on Monday, June 8th. Weiss Ratings raised shares of Ally Financial from a “buy (b-)” rating to a “buy (b)” rating in a report on Tuesday, June 23rd. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a $58.00 price target on shares of Ally Financial in a research report on Wednesday, July 22nd. Wells Fargo & Company increased their price objective on shares of Ally Financial from $52.00 to $55.00 and gave the stock an “overweight” rating in a report on Friday, June 26th. Finally, Citigroup reduced their target price on shares of Ally Financial from $70.00 to $58.00 and set a “buy” rating for the company in a research note on Tuesday, June 23rd. Fourteen investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, Ally Financial currently has a consensus rating of “Moderate Buy” and an average target price of $53.64.

Ally Financial Stock Performance

ALLY opened at $42.96 on Friday. The business has a 50 day moving average price of $44.82 and a two-hundred day moving average price of $42.63. The company has a debt-to-equity ratio of 1.26, a current ratio of 0.92 and a quick ratio of 0.92. The company has a market capitalization of $13.07 billion, a price-to-earnings ratio of 10.13, a price-to-earnings-growth ratio of 0.26 and a beta of 1.10. Ally Financial Inc. has a 1-year low of $35.92 and a 1-year high of $47.29.

Ally Financial (NYSE:ALLY) last posted its quarterly earnings data on Tuesday, July 21st. The financial services provider reported $1.21 EPS for the quarter, missing analysts’ consensus estimates of $1.22 by ($0.01). The firm had revenue of $2.28 billion during the quarter, compared to the consensus estimate of $2.22 billion. Ally Financial had a return on equity of 11.75% and a net margin of 16.75%.The firm’s quarterly revenue was up 9.8% on a year-over-year basis. During the same period in the prior year, the firm posted $0.99 EPS. Research analysts predict that Ally Financial Inc. will post 5.19 EPS for the current fiscal year.

Ally Financial Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, August 14th. Investors of record on Friday, July 31st were issued a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 2.8%. The ex-dividend date of this dividend was Friday, July 31st. Ally Financial’s payout ratio is presently 28.30%.

Ally Financial Company Profile

Ally Financial Inc is a leading digital financial services company headquartered in Detroit, Michigan. The company offers a comprehensive suite of banking, lending, and insurance products designed for retail and commercial customers. Through its online-only platform, Ally Bank provides checking and savings accounts, certificates of deposit, money market accounts, and home mortgages, emphasizing competitive rates and user-friendly mobile and web experiences.

In addition to its banking operations, Ally Financial is a major player in automotive financing and leasing.