Ally Financial Inc. (NYSE:ALLY) Shares Purchased by LPL Financial LLC

Key Points

• LPL Financial LLC increased its stake in Ally Financial Inc. by 33.5%, owning 140,047 shares valued at approximately $5.1 million as of the latest SEC filing.
• Ally Financial reported earnings of $0.99 per share for the most recent quarter, surpassing analysts' expectations of $0.78, with revenues of $2.08 billion.
• The company declared a quarterly dividend of $0.30 per share, with an annualized dividend yield of 3.1%, set to be paid on August 15th.

LPL Financial LLC boosted its position in shares of Ally Financial Inc. (NYSE:ALLY - Free Report) by 33.5% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 140,047 shares of the financial services provider's stock after acquiring an additional 35,144 shares during the period. LPL Financial LLC's holdings in Ally Financial were worth $5,108,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in ALLY. Tidal Investments LLC boosted its holdings in shares of Ally Financial by 1.1% in the 4th quarter. Tidal Investments LLC now owns 26,279 shares of the financial services provider's stock valued at $946,000 after buying an additional 280 shares in the last quarter. EP Wealth Advisors LLC boosted its holdings in shares of Ally Financial by 4.9% in the 4th quarter. EP Wealth Advisors LLC now owns 6,367 shares of the financial services provider's stock valued at $229,000 after buying an additional 297 shares in the last quarter. Signet Financial Management LLC boosted its holdings in shares of Ally Financial by 5.6% in the 1st quarter. Signet Financial Management LLC now owns 6,724 shares of the financial services provider's stock valued at $245,000 after buying an additional 357 shares in the last quarter. Lido Advisors LLC boosted its holdings in shares of Ally Financial by 5.9% in the 4th quarter. Lido Advisors LLC now owns 6,455 shares of the financial services provider's stock valued at $232,000 after buying an additional 359 shares in the last quarter. Finally, Bessemer Group Inc. boosted its holdings in shares of Ally Financial by 59.6% in the 1st quarter. Bessemer Group Inc. now owns 1,010 shares of the financial services provider's stock valued at $37,000 after buying an additional 377 shares in the last quarter. Institutional investors and hedge funds own 88.76% of the company's stock.

Ally Financial Stock Up 1.6%

Shares of Ally Financial stock opened at $38.91 on Thursday. The firm has a fifty day moving average of $38.37 and a two-hundred day moving average of $36.29. The company has a debt-to-equity ratio of 1.30, a quick ratio of 0.92 and a current ratio of 0.92. The company has a market cap of $11.98 billion, a P/E ratio of 25.27, a PEG ratio of 0.30 and a beta of 1.16. Ally Financial Inc. has a one year low of $29.52 and a one year high of $43.86.

Ally Financial (NYSE:ALLY - Get Free Report) last announced its quarterly earnings results on Friday, July 18th. The financial services provider reported $0.99 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.78 by $0.21. The business had revenue of $2.08 billion during the quarter, compared to the consensus estimate of $2.03 billion. Ally Financial had a net margin of 7.64% and a return on equity of 9.48%. The business's revenue was up 3.0% compared to the same quarter last year. During the same quarter last year, the firm posted $0.97 EPS. On average, analysts forecast that Ally Financial Inc. will post 3.57 earnings per share for the current year.

Ally Financial Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, August 15th. Stockholders of record on Friday, August 1st will be issued a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.1%. The ex-dividend date is Friday, August 1st. Ally Financial's dividend payout ratio (DPR) is currently 77.92%.

Analysts Set New Price Targets

Several research analysts have recently issued reports on ALLY shares. JPMorgan Chase & Co. upped their target price on shares of Ally Financial from $44.00 to $45.00 and gave the company an "overweight" rating in a report on Monday, July 21st. Wells Fargo & Company reduced their price target on shares of Ally Financial from $34.00 to $32.00 and set an "underweight" rating for the company in a research report on Monday, April 21st. BTIG Research upgraded shares of Ally Financial from a "sell" rating to a "neutral" rating in a research report on Monday, July 14th. Wall Street Zen upgraded shares of Ally Financial from a "sell" rating to a "hold" rating in a research report on Friday, May 23rd. Finally, Royal Bank Of Canada reiterated an "outperform" rating on shares of Ally Financial in a research report on Monday, July 14th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and nine have issued a buy rating to the company. According to MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $42.80.

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.

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