324,178 Shares in Ally Financial Inc. $ALLY Bought by Susquehanna Fundamental Investments LLC

Susquehanna Fundamental Investments LLC bought a new position in shares of Ally Financial Inc. (NYSE:ALLY) during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 324,178 shares of the financial services provider’s stock, valued at approximately $14,896,000. Susquehanna Fundamental Investments LLC owned 0.11% of Ally Financial as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. SJS Investment Consulting Inc. increased its stake in Ally Financial by 30.8% in the 1st quarter. SJS Investment Consulting Inc. now owns 1,019 shares of the financial services provider’s stock worth $40,000 after purchasing an additional 240 shares in the last quarter. Fifth Third Wealth Advisors LLC lifted its stake in Ally Financial by 3.1% during the first quarter. Fifth Third Wealth Advisors LLC now owns 8,010 shares of the financial services provider’s stock valued at $314,000 after buying an additional 243 shares in the last quarter. Brown Brothers Harriman & Co. boosted its holdings in shares of Ally Financial by 31.5% in the fourth quarter. Brown Brothers Harriman & Co. now owns 1,052 shares of the financial services provider’s stock worth $48,000 after buying an additional 252 shares during the period. Triumph Capital Management boosted its holdings in shares of Ally Financial by 9.2% in the fourth quarter. Triumph Capital Management now owns 3,133 shares of the financial services provider’s stock worth $142,000 after buying an additional 265 shares during the period. Finally, Larson Financial Group LLC increased its position in shares of Ally Financial by 25.0% in the fourth quarter. Larson Financial Group LLC now owns 1,340 shares of the financial services provider’s stock worth $61,000 after acquiring an additional 268 shares in the last quarter. 88.76% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities research analysts recently commented on the stock. Truist Financial reduced their price target on shares of Ally Financial from $54.00 to $51.00 and set a “buy” rating for the company in a research report on Tuesday, August 4th. Wells Fargo & Company lifted their price objective on shares of Ally Financial from $52.00 to $55.00 and gave the stock an “overweight” rating in a research report on Friday, June 26th. Bank of America boosted their target price on shares of Ally Financial from $52.00 to $53.00 and gave the company a “buy” rating in a research note on Wednesday, July 8th. Weiss Ratings upgraded Ally Financial from a “buy (b-)” rating to a “buy (b)” rating in a report on Tuesday, June 23rd. Finally, Wall Street Zen cut Ally Financial from a “buy” rating to a “hold” rating in a research report on Monday, June 8th. Fourteen equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, Ally Financial presently has a consensus rating of “Moderate Buy” and a consensus target price of $53.64.

Insider Activity at Ally Financial

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

Ally Financial Stock Up 0.0%

Ally Financial stock opened at $42.20 on Monday. The firm has a market cap of $12.84 billion, a PE ratio of 9.95, a P/E/G ratio of 0.26 and a beta of 1.10. The company has a debt-to-equity ratio of 1.26, a quick ratio of 0.92 and a current ratio of 0.92. The firm’s 50 day moving average price is $44.52 and its two-hundred day moving average price is $42.64. Ally Financial Inc. has a twelve month low of $35.92 and a twelve month high of $47.29.

Ally Financial (NYSE:ALLY) last issued its earnings results on Tuesday, July 21st. The financial services provider reported $1.21 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.22 by ($0.01). The company had revenue of $2.28 billion for 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%. The company’s quarterly revenue was up 9.8% on a year-over-year basis. During the same period last year, the business earned $0.99 EPS. On average, research analysts predict that Ally Financial Inc. will post 5.19 EPS for the current fiscal year.

Ally Financial Dividend Announcement

The company also recently declared 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 annualized dividend and a dividend yield of 2.8%. The ex-dividend date was Friday, July 31st. Ally Financial’s payout ratio is currently 28.30%.

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.