Ceredex Value Advisors LLC Makes New Investment in Ally Financial Inc. $ALLY

Ceredex Value Advisors LLC acquired a new position in Ally Financial Inc. (NYSE:ALLY) in the second quarter, Holdings Channel.com reports. The firm acquired 198,850 shares of the financial services provider’s stock, valued at approximately $9,137,000.

Several other institutional investors have also recently modified their holdings of the company. State of Wyoming purchased a new position in shares of Ally Financial during the second quarter worth approximately $3,195,000. Intech Investment Management LLC purchased a new stake in shares of Ally Financial in the 4th quarter valued at $3,926,000. Geode Capital Management LLC boosted its stake in shares of Ally Financial by 4.7% in the 4th quarter. Geode Capital Management LLC now owns 5,381,838 shares of the financial services provider’s stock valued at $243,795,000 after purchasing an additional 241,000 shares in the last quarter. Qsemble Capital Management LP grew its holdings in shares of Ally Financial by 136.0% during the 4th quarter. Qsemble Capital Management LP now owns 159,744 shares of the financial services provider’s stock valued at $7,235,000 after purchasing an additional 92,043 shares during the last quarter. Finally, Tocqueville Asset Management L.P. bought a new position in shares of Ally Financial during the 2nd quarter valued at $17,613,000. 88.76% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Ally Financial

In related news, insider Stephanie N. Richard sold 5,000 shares of the firm’s stock in a transaction dated Tuesday, August 4th. The stock was sold at an average price of $44.23, for a total value of $221,150.00. Following the sale, the insider directly owned 88,927 shares of the company’s stock, valued at $3,933,241.21. This trade represents a 5.32% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 0.46% of the company’s stock.

Ally Financial Stock Up 1.6%

Shares of NYSE ALLY opened at $42.96 on Friday. The firm’s fifty day moving average is $44.82 and its 200 day moving average is $42.63. Ally Financial Inc. has a 52 week low of $35.92 and a 52 week high of $47.29. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 1.26. The company has a market cap of $13.07 billion, a price-to-earnings ratio of 10.13, a PEG ratio of 0.26 and a beta of 1.10.

Ally Financial (NYSE:ALLY) last announced its quarterly earnings results on Tuesday, July 21st. The financial services provider reported $1.21 earnings per share for the quarter, missing the consensus estimate of $1.22 by ($0.01). The firm had revenue of $2.28 billion for the quarter, compared to analysts’ expectations of $2.22 billion. Ally Financial had a net margin of 16.75% and a return on equity of 11.75%. The company’s quarterly revenue was up 9.8% on a year-over-year basis. During the same period in the previous year, the company earned $0.99 EPS. On average, equities research analysts expect that Ally Financial Inc. will post 5.19 earnings per share for the current year.

Ally Financial Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, August 14th. Stockholders of record on Friday, July 31st were issued a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.8%. The ex-dividend date was Friday, July 31st. Ally Financial’s dividend payout ratio is currently 28.30%.

Analyst Ratings Changes

A number of brokerages recently commented on ALLY. Citigroup decreased their target price on shares of Ally Financial from $70.00 to $58.00 and set a “buy” rating on the stock in a research report on Tuesday, June 23rd. Wells Fargo & Company upped their price target on shares of Ally Financial from $52.00 to $55.00 and gave the company an “overweight” rating in a research report on Friday, June 26th. Wall Street Zen cut Ally Financial from a “buy” rating to a “hold” rating in a research note on Monday, June 8th. Truist Financial decreased their price objective on Ally Financial from $54.00 to $51.00 and set a “buy” rating on the stock in a report on Tuesday, August 4th. Finally, Bank of America boosted their target price on Ally Financial from $52.00 to $53.00 and gave the company a “buy” rating in a research note on Wednesday, July 8th. Fourteen equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $53.64.

Ally Financial Company 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.