Deutsche Bank AG Decreases Position in Ally Financial Inc. $ALLY

Deutsche Bank AG reduced its position in shares of Ally Financial Inc. (NYSE:ALLY - Free Report) by 49.0% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 671,584 shares of the financial services provider's stock after selling 644,831 shares during the period. Deutsche Bank AG owned about 0.22% of Ally Financial worth $24,493,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Tidal Investments LLC lifted its stake in Ally Financial by 1.1% in the fourth quarter. Tidal Investments LLC now owns 26,279 shares of the financial services provider's stock valued at $946,000 after buying an additional 280 shares during the period. EP Wealth Advisors LLC grew its stake in Ally Financial by 4.9% in the 4th quarter. EP Wealth Advisors LLC now owns 6,367 shares of the financial services provider's stock valued at $229,000 after purchasing an additional 297 shares during the period. Signet Financial Management LLC lifted its position in shares of Ally Financial by 5.6% during the 1st quarter. Signet Financial Management LLC now owns 6,724 shares of the financial services provider's stock valued at $245,000 after buying an additional 357 shares during the last quarter. Lido Advisors LLC lifted its holdings in 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 purchasing an additional 359 shares in the last quarter. Finally, Bessemer Group Inc. lifted its holdings in Ally Financial by 59.6% during the 1st quarter. Bessemer Group Inc. now owns 1,010 shares of the financial services provider's stock worth $37,000 after purchasing an additional 377 shares in the last quarter. 88.76% of the stock is currently owned by institutional investors.

Ally Financial Stock Performance

NYSE:ALLY traded down $0.29 during mid-day trading on Monday, hitting $38.57. 619,404 shares of the company traded hands, compared to its average volume of 3,927,284. The stock's fifty day moving average price is $38.49 and its 200-day moving average price is $36.24. Ally Financial Inc. has a one year low of $29.52 and a one year high of $43.86. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 1.30. The firm has a market cap of $11.87 billion, a price-to-earnings ratio of 25.03, a price-to-earnings-growth ratio of 0.30 and a beta of 1.16.

Ally Financial (NYSE:ALLY - Get Free Report) last released its quarterly earnings results on Friday, July 18th. The financial services provider reported $0.99 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.78 by $0.21. Ally Financial had a return on equity of 9.48% and a net margin of 7.64%. The business had revenue of $2.08 billion during the quarter, compared to analyst estimates of $2.03 billion. During the same quarter in the previous year, the company posted $0.97 earnings per share. Ally Financial's revenue for the quarter was up 3.0% on a year-over-year basis. Research analysts anticipate that Ally Financial Inc. will post 3.57 earnings per share for the current fiscal year.

Ally Financial Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, August 15th. Investors of record on Friday, August 1st were given a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.1%. The ex-dividend date was Friday, August 1st. Ally Financial's payout ratio is currently 77.92%.

Analyst Ratings Changes

Several analysts have weighed in on ALLY shares. Royal Bank Of Canada reaffirmed an "outperform" rating on shares of Ally Financial in a report on Monday, July 14th. BTIG Research upgraded Ally Financial from a "sell" rating to a "neutral" rating in a research report on Monday, July 14th. Citigroup reiterated a "buy" rating and issued a $59.00 price objective (up previously from $55.00) on shares of Ally Financial in a report on Wednesday, July 2nd. JPMorgan Chase & Co. lifted their price objective on Ally Financial from $44.00 to $45.00 and gave the company an "overweight" rating in a research note on Monday, July 21st. Finally, Wells Fargo & Company lowered their price objective on Ally Financial from $34.00 to $32.00 and set an "underweight" rating for the company in a research note on Monday, April 21st. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and nine have given a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $42.80.

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.