Universal Beteiligungs und Servicegesellschaft mbH Sells 30,312 Shares of Ally Financial Inc. $ALLY

Universal Beteiligungs und Servicegesellschaft mbH trimmed its stake in shares of Ally Financial Inc. (NYSE:ALLY) by 49.0% during the 2nd quarter, Holdings Channel.com reports. The fund owned 31,494 shares of the financial services provider’s stock after selling 30,312 shares during the quarter. Universal Beteiligungs und Servicegesellschaft mbH’s holdings in Ally Financial were worth $1,227,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of ALLY. WPG Advisers LLC purchased a new position in Ally Financial in the 1st quarter worth approximately $25,000. SVB Wealth LLC bought a new position in shares of Ally Financial in the first quarter worth approximately $27,000. Allworth Financial LP increased its stake in shares of Ally Financial by 385.2% in the second quarter. Allworth Financial LP now owns 752 shares of the financial services provider’s stock worth $29,000 after buying an additional 597 shares during the period. Hantz Financial Services Inc. increased its stake 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 period. Finally, Westside Investment Management Inc. raised its holdings in Ally Financial by 116.8% during the 2nd quarter. Westside Investment Management Inc. now owns 837 shares of the financial services provider’s stock valued at $34,000 after buying an additional 451 shares during the last quarter. 88.76% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

ALLY has been the topic of a number of recent analyst reports. Keefe, Bruyette & Woods decreased their price objective on shares of Ally Financial from $56.00 to $51.00 and set an “outperform” rating on the stock in a research report on Wednesday, October 1st. Truist Financial raised their target price on Ally Financial from $45.00 to $47.00 and gave the stock a “buy” rating in a research note on Monday, October 20th. Cowen raised Ally Financial from a “hold” rating to a “buy” rating in a research report on Monday, October 20th. TD Cowen upgraded Ally Financial from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $43.00 to $50.00 in a research report on Monday, October 20th. Finally, Wall Street Zen cut Ally Financial from a “buy” rating to a “hold” rating in a research note on Sunday, November 9th. Twelve analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat.com, Ally Financial has an average rating of “Moderate Buy” and a consensus target price of $45.67.

Ally Financial Stock Performance

Ally Financial stock opened at $41.19 on Thursday. Ally Financial Inc. has a fifty-two week low of $29.52 and a fifty-two week high of $44.83. The stock’s 50 day simple moving average is $39.91 and its two-hundred day simple moving average is $38.94. 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 stock has a market cap of $12.69 billion, a price-to-earnings ratio of 24.81, a PEG ratio of 0.28 and a beta of 1.21.

Ally Financial (NYSE:ALLY) last announced its earnings results on Monday, July 28th. The financial services provider reported $0.99 earnings per share (EPS) for the quarter. Ally Financial had a return on equity of 9.96% and a net margin of 8.10%.The firm had revenue of $2.06 billion during the quarter. As a group, analysts expect that Ally Financial Inc. will post 3.57 earnings per share for the current fiscal year.

Ally Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 14th. Shareholders of record on Friday, October 31st were given a dividend of $0.30 per share. The ex-dividend date of this dividend was Friday, October 31st. This represents a $1.20 annualized dividend and a yield of 2.9%. Ally Financial’s dividend payout ratio (DPR) is currently 72.29%.

Insider Activity at Ally Financial

In other news, insider Kathleen L. Patterson sold 29,000 shares of the company’s stock in a transaction dated Wednesday, October 22nd. The shares were sold at an average price of $40.86, for a total value of $1,184,940.00. Following the sale, the insider directly owned 100,203 shares of the company’s stock, valued at $4,094,294.58. This represents a 22.45% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.67% of the company’s stock.

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.