46,705 Shares in Ally Financial Inc. $ALLY Acquired by Global Retirement Partners LLC

Key Points

• Global Retirement Partners LLC acquired 46,705 Ally Financial shares worth approximately $2.15 million in the second quarter. Institutional investors collectively own 88.76% of the company’s stock.
• Ally Financial reported quarterly revenue of $2.28 billion, up 9.8% year over year, while EPS of $1.21 narrowly missed analysts’ $1.22 estimate. The company paid a quarterly dividend of $0.30 per share, representing a 2.7% yield.
• Analysts maintain a “Moderate Buy” consensus, with 14 Buy ratings and two Holds and an average price target of $53.64, compared with the stock’s recent price near $44.89.

Global Retirement Partners LLC purchased a new stake in shares of Ally Financial Inc. (NYSE:ALLY - Free Report) in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 46,705 shares of the financial services provider's stock, valued at approximately $2,146,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. SJS Investment Consulting Inc. raised its holdings in Ally Financial by 30.8% in the 1st quarter. SJS Investment Consulting Inc. now owns 1,019 shares of the financial services provider's stock worth $40,000 after purchasing an additional 240 shares during the period. Fifth Third Wealth Advisors LLC raised its holdings in Ally Financial by 3.1% in the 1st quarter. Fifth Third Wealth Advisors LLC now owns 8,010 shares of the financial services provider's stock valued at $314,000 after buying an additional 243 shares during the period. Brown Brothers Harriman & Co. boosted its position in shares of Ally Financial by 31.5% during the fourth quarter. Brown Brothers Harriman & Co. now owns 1,052 shares of the financial services provider's stock worth $48,000 after buying an additional 252 shares during the period. Triumph Capital Management lifted its holdings in Ally Financial by 9.2% during the 4th quarter. Triumph Capital Management now owns 3,133 shares of the financial services provider's stock worth $142,000 after buying an additional 265 shares in the last quarter. Finally, Larson Financial Group LLC increased its stake in shares of Ally Financial by 25.0% during the fourth quarter. Larson Financial Group LLC now owns 1,340 shares of the financial services provider's stock worth $61,000 after buying an additional 268 shares during the period. 88.76% of the stock is owned by hedge funds and other institutional investors.

Ally Financial Stock Performance

ALLY opened at $44.89 on Monday. The business's 50 day moving average is $44.82 and its 200-day moving average is $42.61. The stock has a market cap of $13.66 billion, a PE ratio of 10.59, a price-to-earnings-growth ratio of 0.28 and a beta of 1.10. 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 Inc. has a twelve month low of $35.92 and a twelve month high of $47.29.

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 (EPS) for the quarter, missing analysts' consensus estimates of $1.22 by ($0.01). Ally Financial had a return on equity of 11.75% and a net margin of 16.75%.The firm had revenue of $2.28 billion for the quarter, compared to analyst estimates of $2.22 billion. During the same period in the previous year, the firm earned $0.99 earnings per share. Ally Financial's revenue was up 9.8% on a year-over-year basis. On average, analysts predict that Ally Financial Inc. will post 5.19 earnings per share for the current 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 dividend of $0.30 per share. The ex-dividend date was Friday, July 31st. This represents a $1.20 annualized dividend and a dividend yield of 2.7%. Ally Financial's payout ratio is presently 28.30%.

Insiders Place Their Bets

In related news, insider Stephanie N. Richard sold 5,000 shares of the firm's stock in a transaction that occurred 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 $3,933,241.21. This trade represents a 5.32% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.46% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the stock. Deutsche Bank Aktiengesellschaft reissued a "buy" rating and issued a $58.00 price target on shares of Ally Financial in a research report on Wednesday, July 22nd. Barclays raised their price objective on shares of Ally Financial from $54.00 to $56.00 and gave the company an "equal weight" rating in a research report on Monday, April 20th. Morgan Stanley boosted their target price on Ally Financial from $53.00 to $55.00 and gave the stock an "overweight" rating in a research report on Monday, April 20th. Truist Financial cut their target price on shares of Ally Financial from $54.00 to $51.00 and set a "buy" rating for the company in a research note on Tuesday, August 4th. Finally, Wells Fargo & Company increased their price objective on shares of Ally Financial from $52.00 to $55.00 and gave the stock an "overweight" rating in a report on Friday, June 26th. Fourteen analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, Ally Financial 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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