Ally Financial Inc. $ALLY Stock Position Raised by Fulton Bank N.A.

Fulton Bank N.A. lifted its holdings in shares of Ally Financial Inc. (NYSE:ALLY) by 1.3% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 19,888 shares of the financial services provider’s stock after buying an additional 260 shares during the period. Fulton Bank N.A.’s holdings in Ally Financial were worth $775,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the business. Dimensional Fund Advisors LP grew its position in shares of Ally Financial by 1.5% during the 1st quarter. Dimensional Fund Advisors LP now owns 8,797,505 shares of the financial services provider’s stock valued at $320,855,000 after buying an additional 134,113 shares during the last quarter. Wellington Management Group LLP acquired a new position in Ally Financial during the 1st quarter valued at about $253,881,000. Jacobs Levy Equity Management Inc. boosted its stake in Ally Financial by 10.9% during the 1st quarter. Jacobs Levy Equity Management Inc. now owns 4,658,877 shares of the financial services provider’s stock valued at $169,909,000 after purchasing an additional 456,698 shares during the period. First Manhattan CO. LLC. boosted its stake in Ally Financial by 0.8% during the 1st quarter. First Manhattan CO. LLC. now owns 4,258,760 shares of the financial services provider’s stock valued at $155,317,000 after purchasing an additional 32,121 shares during the period. Finally, Millennium Management LLC boosted its stake in Ally Financial by 234.7% during the 1st quarter. Millennium Management LLC now owns 3,752,066 shares of the financial services provider’s stock valued at $136,838,000 after purchasing an additional 2,630,981 shares during the period. Institutional investors own 88.76% of the company’s stock.

Analyst Upgrades and Downgrades

ALLY has been the subject of a number of analyst reports. Citigroup boosted 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. JPMorgan Chase & Co. upped their price target on shares of Ally Financial from $44.00 to $45.00 and gave the stock an “overweight” rating in a research note on Monday, July 21st. Truist Financial upped their price target on shares of Ally Financial from $44.00 to $45.00 and gave the stock a “buy” rating in a research note on Thursday, July 24th. Wall Street Zen raised shares of Ally Financial from a “sell” rating to a “hold” rating in a research note on Friday, May 23rd. Finally, Royal Bank Of Canada reaffirmed an “outperform” rating on shares of Ally Financial in a research note on Monday, July 14th. Nine research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $44.40.

Ally Financial Stock Down 0.8%

Ally Financial stock opened at $44.23 on Friday. The firm has a market cap of $13.61 billion, a PE ratio of 28.72, a P/E/G ratio of 0.35 and a beta of 1.14. The company has a debt-to-equity ratio of 1.30, a quick ratio of 0.92 and a current ratio of 0.92. The firm’s 50 day moving average price is $39.88 and its two-hundred day moving average price is $36.88. Ally Financial Inc. has a twelve month low of $29.52 and a twelve month high of $44.83.

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

Ally Financial Announces Dividend

The business also recently disclosed 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 annualized dividend and a yield of 2.7%. The ex-dividend date was Friday, August 1st. Ally Financial’s dividend payout ratio is currently 77.92%.

Ally Financial 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.