Bastion Asset Management Inc. Invests $4.22 Million in Ally Financial Inc. (NYSE:ALLY)

Key Points

• Bastion Asset Management Inc. has acquired 114,998 shares of Ally Financial Inc., valued at approximately $4.2 million, making it the firm's 19th largest holding.
• Ally Financial's stock has received several rating adjustments from analysts, with the consensus rating currently at "Hold" and a target price of $42.80.
• The company recently announced a quarterly dividend of $0.30 per share, contributing to an annual yield of 3.11%.

Bastion Asset Management Inc. bought a new stake in shares of Ally Financial Inc. (NYSE:ALLY - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund bought 114,998 shares of the financial services provider's stock, valued at approximately $4,218,000. Ally Financial makes up 2.3% of Bastion Asset Management Inc.'s portfolio, making the stock its 19th largest position.

Other institutional investors also recently added to or reduced their stakes in the company. Tidal Investments LLC boosted its holdings in shares of Ally Financial by 1.1% in the fourth quarter. Tidal Investments LLC now owns 26,279 shares of the financial services provider's stock worth $946,000 after buying an additional 280 shares during the period. EP Wealth Advisors LLC raised its position in Ally Financial by 4.9% during the fourth 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 during the period. Meiji Yasuda Asset Management Co Ltd. lifted its stake in Ally Financial by 2.1% in the 4th quarter. Meiji Yasuda Asset Management Co Ltd. now owns 15,332 shares of the financial services provider's stock worth $552,000 after acquiring an additional 320 shares in the last quarter. Signet Financial Management LLC grew its stake in Ally Financial by 5.6% during the 1st quarter. Signet Financial Management LLC now owns 6,724 shares of the financial services provider's stock valued at $245,000 after acquiring an additional 357 shares in the last quarter. Finally, Lido Advisors LLC increased 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 purchasing an additional 359 shares during the period. Institutional investors and hedge funds own 88.76% of the company's stock.

Ally Financial Stock Performance

Ally Financial stock traded up $0.25 on Monday, reaching $38.79. 2,743,231 shares of the stock were exchanged, compared to its average volume of 3,281,931. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 1.30. Ally Financial Inc. has a twelve month low of $29.52 and a twelve month high of $45.46. The firm has a fifty day moving average price of $37.60 and a two-hundred day moving average price of $36.23. The stock has a market cap of $11.92 billion, a PE ratio of 25.19, a PEG ratio of 0.30 and a beta of 1.15.

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

Ally Financial Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, August 15th. Investors of record on Friday, August 1st will be given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 3.09%. The ex-dividend date of this dividend is Friday, August 1st. Ally Financial's dividend payout ratio (DPR) is currently 77.92%.

Insiders Place Their Bets

In related news, insider Stephanie N. Richard sold 8,000 shares of the stock in a transaction dated Wednesday, April 30th. The shares were sold at an average price of $32.14, for a total value of $257,120.00. Following the completion of the sale, the insider owned 90,387 shares in the company, valued at approximately $2,905,038.18. This trade represents a 8.13% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.56% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on ALLY shares. JPMorgan Chase & Co. boosted their price objective on shares of Ally Financial from $44.00 to $45.00 and gave the company an "overweight" rating in a research report on Monday, July 21st. Wells Fargo & Company lowered their price target on shares of Ally Financial from $34.00 to $32.00 and set an "underweight" rating on the stock in a report on Monday, April 21st. Wall Street Zen upgraded Ally Financial from a "sell" rating to a "hold" rating in a report on Friday, May 23rd. Royal Bank Of Canada reissued an "outperform" rating on shares of Ally Financial in a research report on Monday, July 14th. Finally, Compass Point raised Ally Financial from a "neutral" rating to a "buy" rating and upped their target price for the stock from $37.00 to $41.00 in a research report on Monday, April 7th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Hold" and an average 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.