South Dakota Investment Council Has $2.99 Million Stock Position in Ally Financial Inc. $ALLY

South Dakota Investment Council decreased its position in shares of Ally Financial Inc. (NYSE:ALLY) by 17.0% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 76,685 shares of the financial services provider’s stock after selling 15,708 shares during the period. South Dakota Investment Council’s holdings in Ally Financial were worth $2,987,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. WPG Advisers LLC acquired a new stake in Ally Financial during the first quarter valued at $25,000. SVB Wealth LLC acquired a new stake in Ally Financial during the first quarter valued at $27,000. Hantz Financial Services Inc. lifted its position in shares of Ally Financial by 662.0% in the second quarter. Hantz Financial Services Inc. now owns 823 shares of the financial services provider’s stock worth $32,000 after buying an additional 715 shares during the last quarter. Private Trust Co. NA lifted its position in shares of Ally Financial by 125.7% in the first quarter. Private Trust Co. NA now owns 914 shares of the financial services provider’s stock worth $33,000 after buying an additional 509 shares during the last quarter. Finally, Zions Bancorporation National Association UT acquired a new stake in shares of Ally Financial in the first quarter worth about $74,000. Institutional investors and hedge funds own 88.76% of the company’s stock.

Insider Transactions at Ally Financial

In related news, insider Kathleen L. Patterson sold 29,000 shares of the business’s stock in a transaction dated Wednesday, October 22nd. The stock was sold at an average price of $40.86, for a total transaction of $1,184,940.00. Following the transaction, the insider directly owned 100,203 shares in the company, valued at $4,094,294.58. The trade was a 22.45% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. 0.56% of the stock is owned by corporate insiders.

Ally Financial Trading Up 1.0%

Ally Financial stock opened at $39.38 on Tuesday. The company has a debt-to-equity ratio of 1.31, a quick ratio of 0.92 and a current ratio of 0.92. The business’s 50-day simple moving average is $40.75 and its 200-day simple moving average is $38.20. The firm has a market capitalization of $12.13 billion, a PE ratio of 23.72, a PEG ratio of 0.29 and a beta of 1.21. Ally Financial Inc. has a 52 week low of $29.52 and a 52 week high of $44.83.

Ally Financial (NYSE:ALLY) last posted its quarterly earnings data on Monday, July 28th. The financial services provider reported $0.99 EPS for the quarter. The business had revenue of $2.06 billion for the quarter. Ally Financial had a return on equity of 9.96% and a net margin of 8.10%. Equities research analysts forecast that Ally Financial Inc. will post 3.57 earnings per share for the current year.

Ally Financial Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, November 14th. Investors of record on Friday, October 31st will be paid a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 3.0%. The ex-dividend date is Friday, October 31st. Ally Financial’s payout ratio is currently 72.29%.

Analyst Ratings Changes

A number of brokerages have weighed in on ALLY. Keefe, Bruyette & Woods reduced their price target on Ally Financial from $56.00 to $51.00 and set an “outperform” rating for the company in a research report on Wednesday, October 1st. BTIG Research raised Ally Financial from a “sell” rating to a “neutral” rating in a research report on Monday, July 14th. JPMorgan Chase & Co. boosted their price target on Ally Financial from $42.00 to $43.00 and gave the stock an “overweight” rating in a research report on Monday, October 20th. Truist Financial boosted their price target on Ally Financial from $45.00 to $47.00 and gave the stock a “buy” rating in a research report on Monday, October 20th. Finally, Citigroup boosted their price target on Ally Financial from $59.00 to $70.00 and gave the stock a “buy” rating in a research report on Monday, September 15th. Eleven analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $45.67.

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.