Quantbot Technologies LP Acquires New Holdings in Ally Financial Inc. $ALLY

Quantbot Technologies LP bought a new position in shares of Ally Financial Inc. (NYSE:ALLY) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 150,464 shares of the financial services provider’s stock, valued at approximately $6,914,000.

Other hedge funds have also recently bought and sold shares of the company. Mirae Asset Global Investments Co. Ltd. bought a new position in Ally Financial in the fourth quarter valued at approximately $29,000. Trust Co. of Vermont bought a new stake in shares of Ally Financial during the second quarter worth $36,000. Fideuram Asset Management Ireland dac acquired a new stake in shares of Ally Financial during the fourth quarter worth $35,000. Safe Harbor Fiduciary LLC acquired a new stake in shares of Ally Financial during the fourth quarter worth $37,000. Finally, Harvest Fund Management Co. Ltd bought a new stake in Ally Financial in the 4th quarter valued at $38,000. 88.76% of the stock is currently owned by institutional investors and hedge funds.

Ally Financial Stock Performance

Shares of ALLY opened at $42.96 on Friday. The stock has a market capitalization of $13.07 billion, a price-to-earnings ratio of 10.13, a PEG ratio of 0.27 and a beta of 1.10. Ally Financial Inc. has a 12 month low of $35.92 and a 12 month high of $47.29. The firm has a fifty day simple moving average of $44.82 and a 200 day simple moving average of $42.63. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 1.26.

Ally Financial (NYSE:ALLY) last issued its quarterly earnings results on Tuesday, July 21st. The financial services provider reported $1.21 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.22 by ($0.01). Ally Financial had a net margin of 16.75% and a return on equity of 11.75%. The business had revenue of $2.28 billion during the quarter, compared to analyst estimates of $2.22 billion. During the same quarter in the previous year, the firm posted $0.99 earnings per share. The firm’s quarterly revenue was up 9.8% on a year-over-year basis. Research analysts forecast that Ally Financial Inc. will post 5.19 EPS for the current fiscal year.

Ally Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 14th. Stockholders of record on Friday, July 31st were issued a $0.30 dividend. The ex-dividend date was Friday, July 31st. This represents a $1.20 annualized dividend and a dividend yield of 2.8%. Ally Financial’s dividend payout ratio (DPR) is presently 28.30%.

Analysts Set New Price Targets

A number of brokerages recently weighed in on ALLY. Wall Street Zen lowered shares of Ally Financial from a “buy” rating to a “hold” rating in a research note on Monday, June 8th. Weiss Ratings raised Ally Financial from a “buy (b-)” rating to a “buy (b)” rating in a research note on Tuesday, June 23rd. Truist Financial cut their price target on Ally Financial from $54.00 to $51.00 and set a “buy” rating on the stock in a report on Tuesday, August 4th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a $58.00 price objective on shares of Ally Financial in a research report on Wednesday, July 22nd. Finally, Wells Fargo & Company increased their price objective on Ally Financial from $52.00 to $55.00 and gave the stock an “overweight” rating in a report on Friday, June 26th. Fourteen equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, Ally Financial currently has a consensus rating of “Moderate Buy” and an average price target of $53.64.

Insider Buying and Selling at Ally Financial

In related news, insider Stephanie N. Richard sold 5,000 shares of Ally Financial stock in a transaction dated Tuesday, August 4th. The stock was sold at an average price of $44.23, for a total value of $221,150.00. Following the sale, the insider owned 88,927 shares of the company’s stock, valued at approximately $3,933,241.21. The trade was a 5.32% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.46% of the stock is owned by insiders.

Ally Financial 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.