Havemeyer Place LP Makes New Investment in Ally Financial Inc. $ALLY

Havemeyer Place LP acquired a new position in Ally Financial Inc. (NYSE:ALLY) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 18,213 shares of the financial services provider’s stock, valued at approximately $825,000.

A number of other institutional investors and hedge funds have also made changes to their positions in ALLY. Mirae Asset Global Investments Co. Ltd. purchased a new position in shares of Ally Financial in the 4th quarter worth $29,000. Fideuram Asset Management Ireland dac purchased a new position in shares of Ally Financial in the 4th quarter worth $35,000. Harvest Fund Management Co. Ltd purchased a new position in shares of Ally Financial in the 4th quarter worth $38,000. SBI Securities Co. Ltd. grew its stake in shares of Ally Financial by 43.9% in the 4th quarter. SBI Securities Co. Ltd. now owns 904 shares of the financial services provider’s stock worth $41,000 after buying an additional 276 shares in the last quarter. Finally, Larson Financial Group LLC grew its stake in shares of Ally Financial by 67.0% in the 3rd quarter. Larson Financial Group LLC now owns 1,072 shares of the financial services provider’s stock worth $42,000 after buying an additional 430 shares in the last quarter. 88.76% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have commented on ALLY. Bank of America lifted their price objective on shares of Ally Financial from $51.00 to $52.00 and gave the stock a “buy” rating in a research note on Friday, April 10th. JPMorgan Chase & Co. dropped their price target on shares of Ally Financial from $48.00 to $46.00 and set an “overweight” rating for the company in a research note on Thursday, April 9th. Wall Street Zen cut shares of Ally Financial from a “buy” rating to a “hold” rating in a research note on Monday. Truist Financial set a $54.00 price target on shares of Ally Financial in a research note on Tuesday, April 21st. Finally, Evercore reaffirmed an “outperform” rating and set a $54.00 price target on shares of Ally Financial in a research note on Tuesday, April 21st. Fourteen equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $54.14.

Ally Financial Price Performance

ALLY stock opened at $42.31 on Tuesday. Ally Financial Inc. has a 12 month low of $35.90 and a 12 month high of $47.27. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 1.31. The company has a 50-day moving average price of $42.44 and a 200 day moving average price of $42.18. The stock has a market cap of $12.97 billion, a PE ratio of 10.32, a P/E/G ratio of 0.26 and a beta of 1.10.

Ally Financial (NYSE:ALLY) last released its quarterly earnings results on Friday, April 17th. The financial services provider reported $1.11 EPS for the quarter, topping analysts’ consensus estimates of $0.93 by $0.18. Ally Financial had a net margin of 16.47% and a return on equity of 11.41%. The firm had revenue of $2.18 billion during the quarter, compared to analysts’ expectations of $2.14 billion. During the same period in the previous year, the company earned $0.58 EPS. The firm’s revenue for the quarter was up 36.4% compared to the same quarter last year. Equities research analysts anticipate that Ally Financial Inc. will post 5.28 earnings per share for the current year.

Ally Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 15th. Shareholders of record on Friday, May 1st were given a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 2.8%. The ex-dividend date of this dividend was Friday, May 1st. Ally Financial’s payout ratio is 29.27%.

Insider Activity

In other Ally Financial news, insider Douglas R. Timmerman sold 39,675 shares of the business’s stock in a transaction dated Friday, April 17th. The shares were sold at an average price of $45.17, for a total value of $1,792,119.75. Following the completion of the sale, the insider directly owned 477,627 shares of the company’s stock, valued at $21,574,411.59. The trade was a 7.67% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Stephanie N. Richard sold 5,000 shares of the business’s stock in a transaction dated Friday, May 15th. The shares were sold at an average price of $42.14, for a total transaction of $210,700.00. Following the completion of the sale, the insider directly owned 93,927 shares of the company’s stock, valued at approximately $3,958,083.78. This trade represents a 5.05% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 0.46% of the stock is owned by insiders.

About Ally Financial

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.