Ally Financial Inc. (NYSE:ALLY) Stake Boosted by Deutsche Bank AG

Deutsche Bank AG boosted its holdings in shares of Ally Financial Inc. (NYSE:ALLY - Free Report) by 105.1% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 1,316,415 shares of the financial services provider's stock after acquiring an additional 674,464 shares during the quarter. Deutsche Bank AG owned approximately 0.43% of Ally Financial worth $47,404,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. EP Wealth Advisors LLC boosted its stake in shares of Ally Financial by 4.9% during the 4th quarter. EP Wealth Advisors LLC now owns 6,367 shares of the financial services provider's stock worth $229,000 after acquiring an additional 297 shares in the last quarter. Meiji Yasuda Asset Management Co Ltd. boosted its stake in shares of Ally Financial by 2.1% during the 4th quarter. Meiji Yasuda Asset Management Co Ltd. now owns 15,332 shares of the financial services provider's stock worth $552,000 after acquiring an additional 320 shares in the last quarter. Lido Advisors LLC boosted its stake in shares of Ally Financial by 5.9% during the 4th quarter. Lido Advisors LLC now owns 6,455 shares of the financial services provider's stock worth $232,000 after acquiring an additional 359 shares in the last quarter. Waterfront Wealth Inc. boosted its stake in shares of Ally Financial by 0.8% during the 4th quarter. Waterfront Wealth Inc. now owns 50,924 shares of the financial services provider's stock worth $1,834,000 after acquiring an additional 389 shares in the last quarter. Finally, Principal Securities Inc. boosted its stake in shares of Ally Financial by 89.4% during the 4th quarter. Principal Securities Inc. now owns 1,051 shares of the financial services provider's stock worth $38,000 after acquiring an additional 496 shares in the last quarter. Institutional investors own 88.76% of the company's stock.

Insider Transactions at Ally Financial

In related news, CFO Russell E. Hutchinson purchased 8,200 shares of the stock in a transaction on Tuesday, April 22nd. The shares were purchased at an average cost of $30.81 per share, for a total transaction of $252,642.00. Following the completion of the transaction, the chief financial officer now directly owns 236,421 shares of the company's stock, valued at approximately $7,284,131.01. The trade was a 3.59% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Stephanie N. Richard sold 8,000 shares of the company's stock in a transaction on Wednesday, April 30th. The shares were sold at an average price of $32.14, for a total value of $257,120.00. Following the completion of the sale, the insider now owns 90,387 shares in the company, valued at $2,905,038.18. This trade represents a 8.13% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.56% of the stock is owned by insiders.

Ally Financial Trading Up 0.8%

Shares of ALLY opened at $36.68 on Wednesday. Ally Financial Inc. has a 12-month low of $29.52 and a 12-month high of $45.46. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 1.51. The firm has a market capitalization of $11.27 billion, a price-to-earnings ratio of 14.11, a P/E/G ratio of 0.32 and a beta of 1.14. The stock's 50-day moving average price is $33.79 and its 200 day moving average price is $35.96.

Ally Financial (NYSE:ALLY - Get Free Report) last released its quarterly earnings data on Thursday, April 17th. The financial services provider reported $0.58 EPS for the quarter, topping analysts' consensus estimates of $0.43 by $0.15. The company had revenue of $1.54 billion during the quarter, compared to the consensus estimate of $2.04 billion. Ally Financial had a net margin of 11.29% and a return on equity of 9.31%. During the same period last year, the firm earned $0.45 EPS. As a group, research analysts predict that Ally Financial Inc. will post 3.57 earnings per share for the current year.

Ally Financial Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, May 15th. Stockholders of record on Thursday, May 1st will be issued a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.27%. The ex-dividend date of this dividend is Thursday, May 1st. Ally Financial's payout ratio is 88.24%.

Analyst Upgrades and Downgrades

Several brokerages recently commented on ALLY. Jefferies Financial Group lifted their target price on shares of Ally Financial from $35.00 to $40.00 and gave the stock a "hold" rating in a report on Thursday, January 23rd. Truist Financial dropped their target price on shares of Ally Financial from $45.00 to $41.00 and set a "buy" rating on the stock in a report on Tuesday, April 22nd. Bank of America dropped their target price on shares of Ally Financial from $42.00 to $38.00 and set a "buy" rating on the stock in a report on Monday, April 7th. Royal Bank of Canada reiterated an "outperform" rating and issued a $40.00 target price on shares of Ally Financial in a report on Monday, April 21st. Finally, Wells Fargo & Company dropped their target price on shares of Ally Financial from $34.00 to $32.00 and set an "underweight" rating on the stock in a report on Monday, April 21st. Three investment analysts have rated the stock with a sell rating, six have given a hold rating and ten have assigned a buy rating to the company's stock. According to data from MarketBeat, Ally Financial has a consensus rating of "Hold" and an average price target of $41.69.

Ally Financial Profile

Ally Financial Inc, a digital financial-services company, provides various digital financial products and services in the United States, Canada, and Bermuda. The company operates through Automotive Finance Operations, Insurance Operations, Mortgage Finance Operations, and Corporate Finance Operations segments.

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