198,850 Shares in Ally Financial Inc. $ALLY Acquired by Ceredex Value Advisors LLC

Key Points

• Ceredex Value Advisors acquired 198,850 Ally Financial shares worth approximately $9.1 million, representing about 0.07% of the company. Institutional investors collectively own 88.76% of Ally’s stock.
• Ally Financial reported quarterly revenue of $2.28 billion, up 9.8% year over year, while earnings of $1.21 per share narrowly missed analyst expectations. The company maintains a $0.30 quarterly dividend, equivalent to a 2.8% yield.
• Analysts remain broadly positive, with 14 Buy ratings and two Hold ratings, producing a “Moderate Buy” consensus and an average price target of $53.64 versus the stock’s $42.96 opening price.

Ceredex Value Advisors LLC acquired a new stake in Ally Financial Inc. (NYSE:ALLY - Free Report) in the second quarter, according to its most recent filing with the SEC. The fund acquired 198,850 shares of the financial services provider's stock, valued at approximately $9,137,000. Ceredex Value Advisors LLC owned approximately 0.07% of Ally Financial at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Trillium Asset Management LLC bought a new position in shares of Ally Financial in the second quarter worth $4,886,000. Vise Technologies Inc. bought a new stake in shares of Ally Financial during the 2nd quarter valued at $233,000. Tocqueville Asset Management L.P. bought a new stake in shares of Ally Financial during the 2nd quarter valued at $17,613,000. NewEdge Wealth LLC purchased a new stake in Ally Financial during the 2nd quarter worth about $303,000. Finally, Bruni J V & Co. Co. purchased a new stake in Ally Financial during the 2nd quarter worth about $40,794,456,000. Institutional investors own 88.76% of the company's stock.

Insider Transactions at Ally Financial

In other Ally Financial news, insider Stephanie N. Richard sold 5,000 shares of the business's stock in a transaction that occurred on Tuesday, August 4th. The shares were sold at an average price of $44.23, for a total value of $221,150.00. Following the completion of the transaction, the insider owned 88,927 shares of the company's stock, valued at $3,933,241.21. The trade was a 5.32% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.46% of the stock is currently owned by insiders.

Ally Financial Stock Performance

NYSE:ALLY opened at $42.96 on Friday. The business's 50-day moving average price is $44.82 and its two-hundred day moving average price is $42.63. Ally Financial Inc. has a twelve month low of $35.92 and a twelve month high of $47.29. The stock has a market cap of $13.07 billion, a P/E ratio of 10.13, a PEG ratio of 0.26 and a beta of 1.10. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 1.26.

Ally Financial (NYSE:ALLY - Get Free Report) 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 analysts' consensus estimates 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 for the quarter, compared to the consensus estimate of $2.22 billion. During the same quarter last year, the business posted $0.99 EPS. The business's revenue was up 9.8% compared to the same quarter last year. As a group, equities analysts predict that Ally Financial Inc. will post 5.19 EPS for the current fiscal year.

Ally Financial Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, August 14th. Shareholders of record on Friday, July 31st were given a dividend of $0.30 per share. The ex-dividend date was Friday, July 31st. This represents a $1.20 annualized dividend and a yield of 2.8%. Ally Financial's payout ratio is presently 28.30%.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on ALLY. Royal Bank Of Canada upped their price target on Ally Financial from $52.00 to $55.00 and gave the company an "outperform" rating in a research report on Friday, July 10th. Deutsche Bank Aktiengesellschaft restated a "buy" rating and issued a $58.00 price objective on shares of Ally Financial in a research report on Wednesday, July 22nd. Bank of America boosted their price objective on shares of Ally Financial from $52.00 to $53.00 and gave the company a "buy" rating in a research note on Wednesday, July 8th. Citigroup decreased their target price on shares of Ally Financial from $70.00 to $58.00 and set a "buy" rating on the stock in a report on Tuesday, June 23rd. Finally, Wall Street Zen cut shares of Ally Financial from a "buy" rating to a "hold" rating in a research note on Monday, June 8th. Fourteen investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $53.64.

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.

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