Ally Financial Inc. $ALLY Shares Acquired by BTC Capital Management Inc.

BTC Capital Management Inc. lifted its position in shares of Ally Financial Inc. (NYSE:ALLY) by 53.3% in the second quarter, HoldingsChannel reports. The institutional investor owned 19,583 shares of the financial services provider’s stock after purchasing an additional 6,812 shares during the period. BTC Capital Management Inc.’s holdings in Ally Financial were worth $763,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in ALLY. Fulton Bank N.A. raised its position in Ally Financial by 1.3% in the second quarter. Fulton Bank N.A. now owns 19,888 shares of the financial services provider’s stock valued at $775,000 after purchasing an additional 260 shares during the period. Tidal Investments LLC increased its holdings in Ally Financial by 1.1% during the 4th quarter. Tidal Investments LLC now owns 26,279 shares of the financial services provider’s stock worth $946,000 after purchasing an additional 280 shares during the last quarter. Integrated Wealth Concepts LLC grew its position in shares of Ally Financial by 0.7% during the first quarter. Integrated Wealth Concepts LLC now owns 40,363 shares of the financial services provider’s stock worth $1,472,000 after buying an additional 300 shares in the last quarter. Signet Financial Management LLC increased its stake in shares of Ally Financial by 5.6% in the first quarter. Signet Financial Management LLC now owns 6,724 shares of the financial services provider’s stock worth $245,000 after buying an additional 357 shares during the last quarter. Finally, Bessemer Group Inc. boosted its stake in Ally Financial by 59.6% during the 1st quarter. Bessemer Group Inc. now owns 1,010 shares of the financial services provider’s stock valued at $37,000 after acquiring an additional 377 shares during the last quarter. Hedge funds and other institutional investors own 88.76% of the company’s stock.

Ally Financial Stock Performance

ALLY stock opened at $44.23 on Monday. The stock has a market capitalization of $13.61 billion, a PE ratio of 28.72, a price-to-earnings-growth ratio of 0.34 and a beta of 1.14. The company has a debt-to-equity ratio of 1.30, a current ratio of 0.92 and a quick ratio of 0.92. The company has a 50 day moving average price of $39.88 and a 200 day moving average price of $36.91. Ally Financial Inc. has a fifty-two week low of $29.52 and a fifty-two week high of $44.83.

Ally Financial (NYSE:ALLY) last released its earnings results on Friday, July 18th. The financial services provider reported $0.99 EPS for the quarter, topping analysts’ consensus estimates of $0.78 by $0.21. Ally Financial had a net margin of 7.64% and a return on equity of 9.48%. The firm had revenue of $2.08 billion during the quarter, compared to analyst estimates of $2.03 billion. During the same quarter in the previous year, the business earned $0.97 EPS. The business’s quarterly revenue was up 3.0% compared to the same quarter last year. Analysts forecast that Ally Financial Inc. will post 3.57 EPS for the current year.

Ally Financial Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, August 15th. Shareholders of record on Friday, August 1st were paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 2.7%. The ex-dividend date of this dividend was Friday, August 1st. Ally Financial’s payout ratio is presently 77.92%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the stock. Citigroup upped their target price on shares of Ally Financial from $59.00 to $70.00 and gave the company a “buy” rating in a research note on Monday, September 15th. Wells Fargo & Company raised shares of Ally Financial from an “underweight” rating to an “equal weight” rating and boosted their price target for the company from $37.00 to $45.00 in a report on Tuesday, September 2nd. Morgan Stanley reiterated an “overweight” rating and issued a $47.00 price objective (up from $39.00) on shares of Ally Financial in a research report on Thursday, July 10th. BTIG Research upgraded Ally Financial from a “sell” rating to a “neutral” rating in a research report on Monday, July 14th. Finally, Royal Bank Of Canada reiterated an “outperform” rating on shares of Ally Financial in a research report on Monday, July 14th. Nine research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $44.40.

Ally Financial Company Profile

Ally Financial Inc, a digital financial-services company, provides various digital financial products and services in the United States, Canada, and Bermuda. The company operates through Automotive Finance Operations, Insurance Operations, Mortgage Finance Operations, and Corporate Finance Operations segments.