Callan Family Office LLC Purchases Shares of 10,586 Ally Financial Inc. $ALLY

Key Points

• Callan Family Office LLC has acquired a stake of 10,586 shares in Ally Financial Inc., valued at approximately $412,000, according to their recent SEC filing.
• Recent ratings changes from various research firms have impacted Ally Financial's stock; BTIG Research upgraded the stock from a "sell" to a "neutral" rating, while Wells Fargo raised its price target from $37 to $45.
• Ally Financial also announced a quarterly dividend of $0.30, scheduled for payment on November 14th, representing an annualized yield of 3.0%.

Callan Family Office LLC purchased a new stake in shares of Ally Financial Inc. (NYSE:ALLY - Free Report) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 10,586 shares of the financial services provider's stock, valued at approximately $412,000.

A number of other hedge funds also recently bought and sold shares of ALLY. Louisiana State Employees Retirement System lifted its stake in shares of Ally Financial by 1.0% in the second quarter. Louisiana State Employees Retirement System now owns 77,800 shares of the financial services provider's stock valued at $3,030,000 after buying an additional 800 shares during the period. Chung Wu Investment Group LLC bought a new stake in shares of Ally Financial in the second quarter valued at about $467,000. 111 Capital bought a new stake in shares of Ally Financial in the second quarter valued at about $490,000. Janney Montgomery Scott LLC lifted its stake in shares of Ally Financial by 1.9% in the second quarter. Janney Montgomery Scott LLC now owns 68,926 shares of the financial services provider's stock valued at $2,685,000 after buying an additional 1,296 shares during the period. Finally, True North Advisors LLC lifted its stake in shares of Ally Financial by 61.8% in the second quarter. True North Advisors LLC now owns 20,503 shares of the financial services provider's stock valued at $799,000 after buying an additional 7,833 shares during the period. 88.76% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research firms recently weighed in on ALLY. BTIG Research upgraded shares of Ally Financial from a "sell" rating to a "neutral" rating in a research note on Monday, July 14th. Wells Fargo & Company raised shares of Ally Financial from an "underweight" rating to an "equal weight" rating and increased their price target for the stock from $37.00 to $45.00 in a research report on Tuesday, September 2nd. Citigroup increased their price target on shares of Ally Financial from $59.00 to $70.00 and gave the stock a "buy" rating in a research report on Monday, September 15th. JPMorgan Chase & Co. dropped their price target on shares of Ally Financial from $45.00 to $42.00 and set an "overweight" rating for the company in a research report on Tuesday, October 7th. Finally, Keefe, Bruyette & Woods dropped their price objective on shares of Ally Financial from $56.00 to $51.00 and set an "outperform" rating for the company in a report on Wednesday, October 1st. Nine investment analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $45.14.

Ally Financial Price Performance

ALLY opened at $39.71 on Thursday. The company has a fifty day moving average price of $40.32 and a two-hundred day moving average price of $37.44. The company has a debt-to-equity ratio of 1.30, a quick ratio of 0.92 and a current ratio of 0.92. Ally Financial Inc. has a 52 week low of $29.52 and a 52 week high of $44.83. The firm has a market capitalization of $12.22 billion, a PE ratio of 25.78, a P/E/G ratio of 0.31 and a beta of 1.18.

Ally Financial (NYSE:ALLY - Get Free Report) last released its earnings results on Monday, July 28th. The financial services provider reported $0.99 EPS for the quarter. The firm had revenue of $2.06 billion during the quarter. Ally Financial had a net margin of 7.64% and a return on equity of 9.48%. As a group, analysts anticipate that Ally Financial Inc. will post 3.57 earnings per share for the current year.

Ally Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 14th. Investors of record on Friday, October 31st will be given a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 3.0%. The ex-dividend date of this dividend is Friday, October 31st. Ally Financial's payout ratio is currently 77.92%.

Ally Financial Company Profile

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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