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

Key Points

• Deutsche Bank initiated a sizable Ally Financial position, purchasing 524,428 shares worth approximately $24.1 million, or about 0.17% of the company. Institutional investors collectively own 88.76% of Ally’s stock.
• Analyst sentiment remains broadly positive, with 14 Buy ratings and two Holds producing a “Moderate Buy” consensus and an average price target of $53.64. Recent targets range from $51 to $58.
• Ally reported quarterly revenue of $2.28 billion, up 9.8% year over year, though earnings of $1.21 per share narrowly missed estimates. The company also maintains a quarterly dividend of $0.30 per share, yielding about 2.8% annually.

Deutsche Bank AG purchased a new stake in Ally Financial Inc. (NYSE:ALLY - Free Report) during the second quarter, according to the company in its most recent filing with the SEC. The firm purchased 524,428 shares of the financial services provider's stock, valued at approximately $24,097,000. Deutsche Bank AG owned about 0.17% of Ally Financial as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in ALLY. Royal Bank of Canada boosted its holdings in Ally Financial by 106.5% in the first quarter. Royal Bank of Canada now owns 251,123 shares of the financial services provider's stock valued at $9,158,000 after acquiring an additional 129,497 shares during the last quarter. NewEdge Advisors LLC increased its stake in Ally Financial by 22.8% during the first quarter. NewEdge Advisors LLC now owns 2,235 shares of the financial services provider's stock worth $82,000 after acquiring an additional 415 shares during the last quarter. Empowered Funds LLC raised its holdings in shares of Ally Financial by 11.1% in the 1st quarter. Empowered Funds LLC now owns 12,900 shares of the financial services provider's stock worth $470,000 after purchasing an additional 1,292 shares during the period. Focus Partners Wealth purchased a new position in shares of Ally Financial in the 1st quarter worth about $259,000. Finally, EverSource Wealth Advisors LLC lifted its stake in shares of Ally Financial by 374.9% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,477 shares of the financial services provider's stock valued at $58,000 after purchasing an additional 1,166 shares in the last quarter. 88.76% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research firms recently issued reports on ALLY. Truist Financial dropped their target price on shares of Ally Financial from $54.00 to $51.00 and set a "buy" rating for the company in a research report on Tuesday, August 4th. Wells Fargo & Company boosted their price objective on shares of Ally Financial from $52.00 to $55.00 and gave the stock an "overweight" rating in a research note on Friday, June 26th. Wall Street Zen lowered shares of Ally Financial from a "buy" rating to a "hold" rating in a research report on Monday, June 8th. Deutsche Bank Aktiengesellschaft reissued a "buy" rating and issued a $58.00 target price on shares of Ally Financial in a research note on Wednesday, July 22nd. Finally, Royal Bank Of Canada lifted their target price on shares of Ally Financial from $52.00 to $55.00 and gave the company an "outperform" rating in a report on Friday, July 10th. Fourteen analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $53.64.

Insider Buying and Selling at Ally Financial

In related news, insider Stephanie N. Richard sold 5,000 shares of Ally Financial stock in a transaction on 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 owned 88,927 shares in the company, valued at approximately $3,933,241.21. The trade was a 5.32% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.46% of the company's stock.

Ally Financial Stock Up 1.6%

Shares of NYSE ALLY opened at $42.96 on Friday. Ally Financial Inc. has a 1 year low of $35.92 and a 1 year high of $47.29. The firm has a market cap of $13.07 billion, a price-to-earnings ratio of 10.13, a PEG ratio of 0.26 and a beta of 1.10. The company has a debt-to-equity ratio of 1.26, a quick ratio of 0.92 and a current ratio of 0.92. The stock's 50-day simple moving average is $44.82 and its 200-day simple moving average is $42.63.

Ally Financial (NYSE:ALLY - Get Free Report) last issued its quarterly earnings data on Tuesday, July 21st. The financial services provider reported $1.21 earnings per share for the quarter, missing analysts' consensus estimates of $1.22 by ($0.01). Ally Financial had a net margin of 16.75% and a return on equity of 11.75%. The business had revenue of $2.28 billion for the quarter, compared to analyst estimates of $2.22 billion. During the same quarter last year, the business earned $0.99 EPS. Ally Financial's revenue for the quarter was up 9.8% compared to the same quarter last year. As a group, equities analysts anticipate that Ally Financial Inc. will post 5.19 earnings per share for the current fiscal year.

Ally Financial Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, August 14th. Stockholders of record on Friday, July 31st were given a dividend of $0.30 per share. The ex-dividend date of this dividend was Friday, July 31st. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.8%. Ally Financial's dividend payout ratio (DPR) 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.

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