OneDigital Investment Advisors LLC Invests $4.62 Million in Ally Financial Inc. $ALLY

OneDigital Investment Advisors LLC acquired a new stake in shares of Ally Financial Inc. (NYSE:ALLY) during the second quarter, HoldingsChannel reports. The firm acquired 100,631 shares of the financial services provider’s stock, valued at approximately $4,624,000.

A number of other large investors have also modified their holdings of ALLY. Norges Bank acquired a new stake in Ally Financial during the fourth quarter worth $157,610,000. Wellington Management Group LLP raised its stake in shares of Ally Financial by 19.5% in the 4th quarter. Wellington Management Group LLP now owns 14,271,290 shares of the financial services provider’s stock valued at $646,347,000 after buying an additional 2,332,610 shares in the last quarter. Bank of New York Mellon Corp bought a new position in shares of Ally Financial during the 2nd quarter worth about $103,930,000. Qube Research & Technologies Ltd boosted its position in shares of Ally Financial by 8,255.7% during the 3rd quarter. Qube Research & Technologies Ltd now owns 1,230,384 shares of the financial services provider’s stock valued at $48,231,000 after acquiring an additional 1,215,659 shares in the last quarter. Finally, Bank of America Corp DE boosted its position in shares of Ally Financial by 38.9% during the 2nd quarter. Bank of America Corp DE now owns 3,771,190 shares of the financial services provider’s stock valued at $146,888,000 after acquiring an additional 1,056,060 shares in the last quarter. 88.76% of the stock is currently owned by institutional investors and hedge funds.

Ally Financial Trading Down 0.0%

Shares of ALLY stock opened at $44.89 on Monday. Ally Financial Inc. has a 12-month low of $35.92 and a 12-month high of $47.29. The company has a market capitalization of $13.66 billion, a P/E ratio of 10.59, a P/E/G ratio of 0.28 and a beta of 1.10. The firm has a 50-day moving average price of $44.82 and a 200 day moving average price of $42.61. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 1.26.

Ally Financial (NYSE:ALLY) last released its quarterly earnings results on Tuesday, July 21st. The financial services provider reported $1.21 EPS for the quarter, missing analysts’ consensus estimates of $1.22 by ($0.01). The firm had revenue of $2.28 billion during the quarter, compared to analyst estimates of $2.22 billion. Ally Financial had a net margin of 16.75% and a return on equity of 11.75%. Ally Financial’s quarterly revenue was up 9.8% on a year-over-year basis. During the same quarter last year, the firm earned $0.99 earnings per share. Research analysts forecast that Ally Financial Inc. will post 5.19 earnings per share for the current fiscal year.

Ally Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, August 14th. Stockholders of record on Friday, July 31st were issued a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 2.7%. The ex-dividend date of this dividend was Friday, July 31st. Ally Financial’s payout ratio is presently 28.30%.

Insider Buying and Selling

In related news, insider Stephanie N. Richard sold 5,000 shares of the stock in a transaction that occurred on Tuesday, August 4th. The stock was sold at an average price of $44.23, for a total transaction of $221,150.00. Following the sale, the insider directly owned 88,927 shares in the company, valued at $3,933,241.21. This represents a 5.32% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.46% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several research firms recently issued reports on ALLY. Evercore reissued an “outperform” rating and issued a $54.00 price target on shares of Ally Financial in a research report on Tuesday, April 21st. Weiss Ratings raised Ally Financial from a “buy (b-)” rating to a “buy (b)” rating in a report on Tuesday, June 23rd. Morgan Stanley upped their price objective on Ally Financial from $53.00 to $55.00 and gave the company an “overweight” rating in a research note on Monday, April 20th. Wells Fargo & Company increased their target price on Ally Financial from $52.00 to $55.00 and gave the stock an “overweight” rating in a report on Friday, June 26th. Finally, Citigroup cut their target price on Ally Financial from $70.00 to $58.00 and set a “buy” rating for the company in a research report on Tuesday, June 23rd. Fourteen analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Ally Financial has an average rating of “Moderate Buy” and an average price target of $53.64.

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.