26,207 Shares in Ally Financial Inc. $ALLY Bought by Capstone Investment Advisors LLC

Capstone Investment Advisors LLC purchased a new stake in Ally Financial Inc. (NYSE:ALLY - Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 26,207 shares of the financial services provider's stock, valued at approximately $1,204,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Tocqueville Asset Management L.P. acquired a new position in Ally Financial during the 2nd quarter valued at about $17,613,000. State of Wyoming purchased a new stake in shares of Ally Financial in the second quarter worth approximately $3,195,000. Intech Investment Management LLC bought a new position in shares of Ally Financial in the fourth quarter valued at approximately $3,926,000. Geode Capital Management LLC lifted its holdings in shares of Ally Financial by 4.7% in the fourth quarter. Geode Capital Management LLC now owns 5,381,838 shares of the financial services provider's stock valued at $243,795,000 after purchasing an additional 241,000 shares in the last quarter. Finally, Qsemble Capital Management LP boosted its position in shares of Ally Financial by 136.0% during the fourth quarter. Qsemble Capital Management LP now owns 159,744 shares of the financial services provider's stock valued at $7,235,000 after buying an additional 92,043 shares during the last quarter. Institutional investors own 88.76% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the company. Wall Street Zen downgraded Ally Financial from a "buy" rating to a "hold" rating in a report on Monday, June 8th. Truist Financial cut their price objective on shares of Ally Financial from $54.00 to $51.00 and set a "buy" rating on the stock in a report on Tuesday, August 4th. Weiss Ratings upgraded shares of Ally Financial from a "buy (b-)" rating to a "buy (b)" rating in a research note on Tuesday, June 23rd. Bank of America increased their target price on shares of Ally Financial from $52.00 to $53.00 and gave the company a "buy" rating in a report on Wednesday, July 8th. Finally, Deutsche Bank Aktiengesellschaft restated a "buy" rating and set a $58.00 price target on shares of Ally Financial in a report on Wednesday, July 22nd. Fourteen research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, Ally Financial has a consensus rating of "Moderate Buy" and an average target price of $53.64.

Ally Financial Stock Performance

Shares of ALLY stock opened at $42.82 on Friday. The company has a debt-to-equity ratio of 1.26, a quick ratio of 0.92 and a current ratio of 0.92. The firm has a market cap of $13.02 billion, a price-to-earnings ratio of 10.10, a P/E/G ratio of 0.26 and a beta of 1.10. Ally Financial Inc. has a 52 week low of $35.92 and a 52 week high of $47.29. The firm's 50-day simple moving average is $44.59 and its two-hundred day simple moving average is $42.64.

Ally Financial (NYSE:ALLY - Get Free Report) last released its earnings results on Tuesday, July 21st. The financial services provider reported $1.21 earnings per share 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 company had revenue of $2.28 billion for the quarter, compared to the consensus estimate of $2.22 billion. During the same period in the prior year, the company earned $0.99 earnings per share. The firm's revenue was up 9.8% on a year-over-year basis. As a group, equities analysts forecast that Ally Financial Inc. will post 5.19 earnings per share for the current year.

Ally Financial Dividend Announcement

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

Insider Buying and Selling at Ally Financial

In other news, insider Stephanie N. Richard sold 5,000 shares of the stock in a transaction on Tuesday, August 4th. The stock was sold at an average price of $44.23, for a total transaction of $221,150.00. Following the completion of the transaction, the insider owned 88,927 shares in the company, valued at approximately $3,933,241.21. This represents a 5.32% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.46% of the company's stock.

About Ally Financial

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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