Atlas Capital Advisors Inc. Purchases Shares of 11,474 Ally Financial Inc. $ALLY

Atlas Capital Advisors Inc. purchased a new stake in Ally Financial Inc. (NYSE:ALLY) during the fourth quarter, HoldingsChannel.com reports. The fund purchased 11,474 shares of the financial services provider’s stock, valued at approximately $520,000.

A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. Wellington Management Group LLP increased its holdings in Ally Financial by 19.6% in the 3rd quarter. Wellington Management Group LLP now owns 11,938,680 shares of the financial services provider’s stock valued at $467,996,000 after acquiring an additional 1,958,201 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in Ally Financial by 3.5% in the 4th quarter. Dimensional Fund Advisors LP now owns 8,708,942 shares of the financial services provider’s stock valued at $394,432,000 after acquiring an additional 295,048 shares during the last quarter. Arrowstreet Capital Limited Partnership increased its holdings in Ally Financial by 4.2% in the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 5,626,748 shares of the financial services provider’s stock valued at $220,569,000 after acquiring an additional 226,188 shares during the last quarter. Geode Capital Management LLC increased its holdings in 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 acquiring an additional 241,000 shares during the last quarter. Finally, Thrivent Financial for Lutherans increased its holdings in Ally Financial by 0.5% in the 4th quarter. Thrivent Financial for Lutherans now owns 3,867,023 shares of the financial services provider’s stock valued at $175,137,000 after acquiring an additional 20,198 shares during the last quarter. 88.76% of the stock is currently owned by institutional investors.

Insider Transactions at Ally Financial

In related news, insider Douglas R. Timmerman sold 39,675 shares of Ally Financial stock in a transaction dated Friday, April 17th. The shares were sold at an average price of $45.17, for a total transaction of $1,792,119.75. Following the completion of the transaction, the insider directly owned 477,627 shares of the company’s stock, valued at approximately $21,574,411.59. The trade was a 7.67% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Stephanie N. Richard sold 5,000 shares of Ally Financial stock in a transaction dated Friday, May 15th. The stock was sold at an average price of $42.14, for a total transaction of $210,700.00. Following the transaction, the insider directly owned 93,927 shares of the company’s stock, valued at approximately $3,958,083.78. This represents a 5.05% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 0.46% of the stock is currently owned by insiders.

Ally Financial Stock Performance

Shares of NYSE:ALLY opened at $45.52 on Tuesday. Ally Financial Inc. has a 52 week low of $35.92 and a 52 week high of $47.27. The stock has a market capitalization of $13.95 billion, a P/E ratio of 11.10, a PEG ratio of 0.27 and a beta of 1.10. The firm has a fifty day simple moving average of $42.92 and a two-hundred day simple moving average of $42.34. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 1.31.

Ally Financial (NYSE:ALLY) last released its quarterly earnings results on Friday, April 17th. The financial services provider reported $1.11 EPS for the quarter, topping analysts’ consensus estimates of $0.93 by $0.18. Ally Financial had a net margin of 16.47% and a return on equity of 11.41%. The firm had revenue of $2.18 billion during the quarter, compared to analysts’ expectations of $2.14 billion. During the same period in the previous year, the company earned $0.58 EPS. The firm’s revenue for the quarter was up 36.4% compared to the same quarter last year. On average, analysts expect that Ally Financial Inc. will post 5.28 earnings per share for the current fiscal year.

Ally Financial Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, May 15th. Investors of record on Friday, May 1st were paid a dividend of $0.30 per share. The ex-dividend date of this dividend was Friday, May 1st. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.6%. Ally Financial’s payout ratio is currently 29.27%.

Wall Street Analyst Weigh In

ALLY has been the topic of a number of research reports. Bank of America lifted their price target on shares of Ally Financial from $51.00 to $52.00 and gave the company a “buy” rating in a report on Friday, April 10th. Morgan Stanley lifted their price target on shares of Ally Financial from $53.00 to $55.00 and gave the company an “overweight” rating in a report on Monday, April 20th. Truist Financial set a $54.00 price target on shares of Ally Financial in a report on Tuesday, April 21st. Evercore reissued an “outperform” rating and issued a $54.00 price objective on shares of Ally Financial in a research note on Tuesday, April 21st. Finally, Barclays lifted their price objective on shares of Ally Financial from $54.00 to $56.00 and gave the stock an “equal weight” rating in a research note on Monday, April 20th. Fourteen research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, Ally Financial currently has an average rating of “Moderate Buy” and a consensus price target of $54.14.

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.