Leeward Investments LLC MA Has $9.98 Million Holdings in Ally Financial Inc. $ALLY

Leeward Investments LLC MA raised its position in Ally Financial Inc. (NYSE:ALLY) by 1.7% in the second quarter, HoldingsChannel reports. The fund owned 256,315 shares of the financial services provider’s stock after purchasing an additional 4,166 shares during the quarter. Leeward Investments LLC MA’s holdings in Ally Financial were worth $9,983,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in ALLY. Wellington Management Group LLP acquired a new stake in Ally Financial in the first quarter valued at approximately $253,881,000. Millennium Management LLC boosted its position in shares of Ally Financial by 234.7% during the first quarter. Millennium Management LLC now owns 3,752,066 shares of the financial services provider’s stock valued at $136,838,000 after buying an additional 2,630,981 shares during the last quarter. Assenagon Asset Management S.A. boosted its position in shares of Ally Financial by 6,675.1% during the second quarter. Assenagon Asset Management S.A. now owns 1,243,773 shares of the financial services provider’s stock valued at $48,445,000 after buying an additional 1,225,415 shares during the last quarter. AQR Capital Management LLC boosted its position in shares of Ally Financial by 173.2% during the first quarter. AQR Capital Management LLC now owns 1,377,717 shares of the financial services provider’s stock valued at $49,984,000 after buying an additional 873,380 shares during the last quarter. Finally, Amundi boosted its position in shares of Ally Financial by 53.9% during the first quarter. Amundi now owns 1,778,604 shares of the financial services provider’s stock valued at $64,866,000 after buying an additional 622,601 shares during the last quarter. Institutional investors and hedge funds own 88.76% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently issued reports on ALLY. Keefe, Bruyette & Woods cut their target price on Ally Financial from $56.00 to $51.00 and set an “outperform” rating on the stock in a research report on Wednesday, October 1st. Wells Fargo & Company raised Ally Financial from an “underweight” rating to an “equal weight” rating and lifted their target price for the company from $37.00 to $45.00 in a research report on Tuesday, September 2nd. Truist Financial lifted their target price on Ally Financial from $45.00 to $47.00 and gave the company a “buy” rating in a research report on Monday, October 20th. Cowen upgraded Ally Financial from a “hold” rating to a “buy” rating in a report on Monday, October 20th. Finally, BTIG Research upgraded Ally Financial from a “sell” rating to a “neutral” rating in a report on Monday, July 14th. Eleven analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $45.67.

Ally Financial Stock Performance

Shares of ALLY opened at $41.80 on Friday. The firm has a market cap of $12.86 billion, a PE ratio of 25.18, a PEG ratio of 0.31 and a beta of 1.18. The stock’s fifty day moving average price is $40.65 and its two-hundred day moving average price is $37.80. The company has a debt-to-equity ratio of 1.31, a current ratio of 0.92 and a quick ratio of 0.92. Ally Financial Inc. has a 1 year low of $29.52 and a 1 year high of $44.83.

Ally Financial (NYSE:ALLY) last issued its earnings results on Monday, July 28th. The financial services provider reported $0.99 earnings per share (EPS) for the quarter. The firm had revenue of $2.06 billion for the quarter. Ally Financial had a return on equity of 9.96% and a net margin of 8.10%. On average, equities research analysts forecast that Ally Financial Inc. will post 3.57 EPS for the current year.

Ally Financial Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, November 14th. Shareholders of record on Friday, October 31st will be paid a $0.30 dividend. The ex-dividend date is Friday, October 31st. This represents a $1.20 annualized dividend and a dividend yield of 2.9%. Ally Financial’s payout ratio is presently 72.29%.

Insider Activity

In other Ally Financial news, insider Kathleen L. Patterson sold 29,000 shares of the business’s stock in a transaction on Wednesday, October 22nd. The stock was sold at an average price of $40.86, for a total value of $1,184,940.00. Following the sale, the insider directly owned 100,203 shares in the company, valued at $4,094,294.58. The trade was a 22.45% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 0.67% of the stock is currently owned by insiders.

Ally Financial Company 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.