Bruni J V & Co. Co. Invests $40.79 Billion in Ally Financial Inc. $ALLY

Key Points

• Bruni J V & Co. Co. bought 887,801 Ally Financial shares during the second quarter, reportedly valued at approximately $40.79 billion, representing about 3.7% of its portfolio and 0.29% of Ally’s shares.
• Institutional investors own 88.76% of Ally Financial, while insider Stephanie N. Richard sold 5,000 shares. Analysts maintain a generally positive outlook, with a consensus “Moderate Buy” rating and a $53.64 price target.
• Ally reported quarterly revenue of $2.28 billion, up 9.8% year over year, though EPS of $1.21 narrowly missed estimates. The company paid a quarterly dividend of $0.30, equivalent to a 2.7% annualized yield.

Bruni J V & Co. Co. purchased a new stake in shares of Ally Financial Inc. (NYSE:ALLY - Free Report) in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 887,801 shares of the financial services provider's stock, valued at approximately $40,794,456,000. Ally Financial makes up about 3.7% of Bruni J V & Co. Co.'s portfolio, making the stock its 11th largest position. Bruni J V & Co. Co. owned about 0.29% of Ally Financial at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of ALLY. State of Wyoming bought a new position in Ally Financial during the 2nd quarter worth about $3,195,000. Intech Investment Management LLC bought a new position in shares of Ally Financial during the fourth quarter valued at approximately $3,926,000. Evergreen Capital Management LLC increased its holdings in Ally Financial by 781.9% during the fourth quarter. Evergreen Capital Management LLC now owns 45,939 shares of the financial services provider's stock valued at $2,081,000 after buying an additional 40,730 shares during the period. Geode Capital Management LLC raised its stake in 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 worth $243,795,000 after buying an additional 241,000 shares in the last quarter. Finally, Qsemble Capital Management LP lifted its holdings in 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 worth $7,235,000 after buying an additional 92,043 shares during the period. Hedge funds and other institutional investors own 88.76% of the company's stock.

Insider Buying and Selling

In other Ally Financial news, insider Stephanie N. Richard sold 5,000 shares of the stock in a transaction dated Tuesday, August 4th. The stock was sold at an average price of $44.23, for a total transaction of $221,150.00. Following the sale, the insider directly owned 88,927 shares of the company's stock, valued at approximately $3,933,241.21. This trade represents a 5.32% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.46% of the company's stock.

Analysts Set New Price Targets

Several research analysts have recently commented on the company. Citigroup reduced their price target on Ally Financial from $70.00 to $58.00 and set a "buy" rating for the company in a research report on Tuesday, June 23rd. Truist Financial dropped their price objective on Ally Financial from $54.00 to $51.00 and set a "buy" rating on the stock in a research report on Tuesday, August 4th. Royal Bank Of Canada lifted their target price on Ally Financial from $52.00 to $55.00 and gave the company an "outperform" rating in a research note on Friday, July 10th. Wall Street Zen downgraded shares of Ally Financial from a "buy" rating to a "hold" rating in a report on Monday, June 8th. Finally, Weiss Ratings raised shares of Ally Financial from a "buy (b-)" rating to a "buy (b)" rating in a research report on Tuesday, June 23rd. Fourteen analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, Ally Financial has a consensus rating of "Moderate Buy" and a consensus target price of $53.64.

Ally Financial Price Performance

Shares of NYSE:ALLY opened at $43.64 on Wednesday. Ally Financial Inc. has a twelve month low of $35.92 and a twelve month high of $47.29. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 1.26. The company has a market cap of $13.28 billion, a PE ratio of 10.29, a price-to-earnings-growth ratio of 0.28 and a beta of 1.10. The company's 50 day moving average is $44.85 and its 200 day moving average is $42.62.

Ally Financial (NYSE:ALLY - Get Free Report) last released its quarterly earnings data on Tuesday, July 21st. The financial services provider reported $1.21 EPS for the quarter, missing the consensus estimate of $1.22 by ($0.01). The business had revenue of $2.28 billion during the quarter, compared to analysts' expectations of $2.22 billion. Ally Financial had a net margin of 16.75% and a return on equity of 11.75%. The firm's revenue was up 9.8% on a year-over-year basis. During the same period last year, the company earned $0.99 earnings per share. On average, sell-side analysts forecast that Ally Financial Inc. will post 5.19 EPS for the current year.

Ally Financial Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, August 14th. Shareholders of record on Friday, July 31st were issued a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 2.7%. The ex-dividend date of this dividend was Friday, July 31st. Ally Financial's dividend payout ratio is presently 28.30%.

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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