Compound Planning Inc. Purchases New Shares in Ally Financial Inc. $ALLY

Compound Planning Inc. acquired a new stake in shares of Ally Financial Inc. (NYSE:ALLY) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 5,611 shares of the financial services provider’s stock, valued at approximately $205,000.

A number of other institutional investors and hedge funds have also modified their holdings of ALLY. Dimensional Fund Advisors LP lifted its stake in Ally Financial by 1.5% in 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 in the last quarter. Wellington Management Group LLP purchased a new position in shares of Ally Financial in the first quarter valued at approximately $253,881,000. First Manhattan CO. LLC. boosted its stake in shares of Ally Financial by 4.8% in the fourth quarter. First Manhattan CO. LLC. now owns 4,226,639 shares of the financial services provider’s stock worth $153,752,000 after acquiring an additional 192,295 shares during the last quarter. Jacobs Levy Equity Management Inc. increased its position in shares of Ally Financial by 84.0% during the fourth quarter. Jacobs Levy Equity Management Inc. now owns 4,202,179 shares of the financial services provider’s stock worth $151,320,000 after purchasing an additional 1,918,965 shares in the last quarter. Finally, Northern Trust Corp raised its stake in Ally Financial by 28.0% in the 4th quarter. Northern Trust Corp now owns 3,941,459 shares of the financial services provider’s stock valued at $141,932,000 after purchasing an additional 863,052 shares during the last quarter. Hedge funds and other institutional investors own 88.76% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the stock. JPMorgan Chase & Co. lifted their target price 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. Citigroup reissued a “buy” rating and issued a $59.00 price target (up from $55.00) on shares of Ally Financial in a research note on Wednesday, July 2nd. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of Ally Financial in a research note on Monday, July 14th. Morgan Stanley reiterated an “overweight” rating and issued a $47.00 price objective (up previously from $39.00) on shares of Ally Financial in a report on Thursday, July 10th. Finally, Wall Street Zen upgraded Ally Financial from a “sell” rating to a “hold” rating in a report on Friday, May 23rd. Nine investment analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $42.80.

Ally Financial Price Performance

Ally Financial stock opened at $41.10 on Friday. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 1.30. The company has a 50-day moving average price of $39.04 and a 200 day moving average price of $36.36. Ally Financial Inc. has a 12-month low of $29.52 and a 12-month high of $43.22. The stock has a market cap of $12.65 billion, a P/E ratio of 26.69, a PEG ratio of 0.32 and a beta of 1.16.

Ally Financial (NYSE:ALLY) last posted its quarterly earnings results 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 business had revenue of $2.08 billion during the quarter, compared to analysts’ expectations of $2.03 billion. Ally Financial had a net margin of 7.64% and a return on equity of 9.48%. The business’s revenue for the quarter was up 3.0% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.97 EPS. Sell-side analysts anticipate that Ally Financial Inc. will post 3.57 earnings per share for the current year.

Ally Financial Dividend Announcement

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 dividend of $0.30 per share. The ex-dividend date of this dividend was Friday, August 1st. This represents a $1.20 annualized dividend and a yield of 2.9%. Ally Financial’s dividend payout ratio (DPR) is 77.92%.

About Ally Financial

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.