Bruni J V & Co. Co. Acquires Shares of 887,801 Ally Financial Inc. $ALLY

Bruni J V & Co. Co. acquired a new stake in Ally Financial Inc. (NYSE:ALLY - Free Report) during the second quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 887,801 shares of the financial services provider's stock, valued at approximately $40,794,456. Ally Financial makes up about 0.0% of Bruni J V & Co. Co.'s holdings, making the stock its 11th biggest position. Bruni J V & Co. Co. owned 0.29% of Ally Financial at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Great Lakes Advisors LLC bought a new stake in shares of Ally Financial in the second quarter valued at approximately $976,000. Danica Pension Livsforsikringsaktieselskab bought a new stake in shares of Ally Financial in the second quarter valued at approximately $21,959,000. Meeder Advisory Services Inc. bought a new stake in shares of Ally Financial in the second quarter valued at approximately $435,000. Meeder Asset Management Inc. acquired a new position in shares of Ally Financial in the 2nd quarter valued at approximately $10,276,000. Finally, Citizens Financial Group Inc. RI acquired a new position in shares of Ally Financial in the 2nd quarter valued at approximately $499,000. 88.76% of the stock is owned by institutional investors and hedge funds.

Ally Financial Trading Down 1.3%

NYSE:ALLY opened at $42.20 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 $12.84 billion, a price-to-earnings ratio of 9.95, a price-to-earnings-growth ratio of 0.27 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 has a 50-day moving average price of $44.52 and a two-hundred day moving average price of $42.63.

Ally Financial (NYSE:ALLY - Get Free Report) last posted 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 firm 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 company's quarterly revenue was up 9.8% on a year-over-year basis. During the same quarter last year, the business posted $0.99 EPS. On average, equities analysts expect that Ally Financial Inc. will post 5.19 earnings per share for the current fiscal year.

Ally Financial Announces Dividend

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

Insider Activity at Ally Financial

In other news, insider Stephanie N. Richard sold 5,000 shares of the company's 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 transaction, the insider owned 88,927 shares of the company's stock, valued at $3,933,241.21. This represents a 5.32% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 0.46% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

ALLY has been the topic of a number of recent analyst reports. 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 report on Friday, July 10th. Citigroup decreased their target price on shares of Ally Financial from $70.00 to $58.00 and set a "buy" rating for the company in a research report on Tuesday, June 23rd. Wells Fargo & Company boosted their price objective on Ally Financial from $52.00 to $55.00 and gave the company an "overweight" rating in a research note on Friday, June 26th. Bank of America increased their target price on shares of Ally Financial from $52.00 to $53.00 and gave the stock a "buy" rating in a research note on Wednesday, July 8th. Finally, Truist Financial decreased their price target 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. Fourteen equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $53.64.

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.