SG Americas Securities LLC Acquires 33,181 Shares of Ally Financial Inc. $ALLY

SG Americas Securities LLC grew its holdings in Ally Financial Inc. (NYSE:ALLY) by 411.2% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 41,251 shares of the financial services provider’s stock after buying an additional 33,181 shares during the period. SG Americas Securities LLC’s holdings in Ally Financial were worth $1,618,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Mirae Asset Global Investments Co. Ltd. acquired a new position in shares of Ally Financial during the 4th quarter worth approximately $29,000. Fideuram Asset Management Ireland dac bought a new stake in Ally Financial in the 4th quarter valued at $35,000. Safe Harbor Fiduciary LLC acquired a new stake in Ally Financial during the 4th quarter valued at $37,000. Harvest Fund Management Co. Ltd acquired a new stake in Ally Financial during the 4th quarter valued at $38,000. Finally, CIBC Private Wealth Group LLC lifted its holdings in Ally Financial by 805.1% during the 4th quarter. CIBC Private Wealth Group LLC now owns 896 shares of the financial services provider’s stock valued at $41,000 after purchasing an additional 797 shares during the last quarter. 88.76% of the stock is currently owned by institutional investors.

Ally Financial Stock Performance

ALLY opened at $45.20 on Friday. The business has a fifty day simple moving average of $43.83 and a 200 day simple moving average of $42.65. The company has a market capitalization of $13.86 billion, a PE ratio of 11.02, a price-to-earnings-growth ratio of 0.28 and a beta of 1.09. Ally Financial Inc. has a 1 year low of $35.92 and a 1 year high of $47.29. The company has a debt-to-equity ratio of 1.31, a current ratio of 0.93 and a quick ratio of 0.93.

Ally Financial (NYSE:ALLY) last issued its quarterly earnings data on Friday, April 17th. The financial services provider reported $1.11 EPS for the quarter, beating analysts’ consensus estimates of $0.93 by $0.18. The firm had revenue of $2.18 billion for the quarter, compared to analyst estimates of $2.14 billion. Ally Financial had a return on equity of 11.41% and a net margin of 16.47%.The company’s revenue for the quarter was up 36.4% on a year-over-year basis. During the same period in the prior year, the firm posted $0.58 EPS. Research analysts expect that Ally Financial Inc. will post 5.26 EPS for the current year.

Ally Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, May 15th. Investors of record on Friday, May 1st were paid a $0.30 dividend. The ex-dividend date was Friday, May 1st. This represents a $1.20 annualized dividend and a dividend yield of 2.7%. Ally Financial’s dividend payout ratio is 29.27%.

Insider Activity

In other Ally Financial news, insider Douglas R. Timmerman sold 39,675 shares of Ally Financial 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 owned 477,627 shares in the company, valued at $21,574,411.59. The trade was a 7.67% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 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 $3,958,083.78. This represents a 5.05% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 0.46% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have commented on the stock. Morgan Stanley upped their price objective on shares of Ally Financial from $53.00 to $55.00 and gave the company an “overweight” rating in a report on Monday, April 20th. Evercore restated an “outperform” rating and set a $54.00 target price on shares of Ally Financial in a research note on Tuesday, April 21st. Wall Street Zen downgraded shares of Ally Financial from a “buy” rating to a “hold” rating in a report on Monday, June 8th. Wells Fargo & Company lifted their target price on shares of Ally Financial from $52.00 to $55.00 and gave the stock an “overweight” rating in a report on Friday, June 26th. Finally, Weiss Ratings upgraded shares of Ally Financial from a “buy (b-)” rating to a “buy (b)” rating in a research note on Tuesday, June 23rd. Fourteen analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $53.50.

Ally Financial 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.