Capital Financial Group Inc. Co. ADV Takes Position in Ally Financial Inc. $ALLY

Key Points

• Capital Financial Group acquired 23,585 shares of Ally Financial worth approximately $1.08 million during the second quarter. Institutional investors and hedge funds collectively own 88.76% of the company.
• Ally Financial reported quarterly revenue of $2.28 billion, up 9.8% year over year, though earnings of $1.21 per share narrowly missed analyst expectations. The company declared a quarterly dividend of $0.30 per share, representing a 2.8% annualized yield.
• Analysts maintain a generally positive outlook, with a consensus “Moderate Buy” rating and an average price target of $53.64, compared with the stock’s reported price of $43.62.

Capital Financial Group Inc. Co. ADV acquired a new position in Ally Financial Inc. (NYSE:ALLY - Free Report) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 23,585 shares of the financial services provider's stock, valued at approximately $1,084,000.

A number of other institutional investors have also recently added to or reduced their stakes in the business. State of Wyoming acquired a new stake in shares of Ally Financial in the second quarter worth about $3,195,000. Intech Investment Management LLC acquired a new position in shares of Ally Financial during the 4th quarter valued at about $3,926,000. Evergreen Capital Management LLC raised its stake in shares of Ally Financial by 781.9% in the 4th quarter. Evergreen Capital Management LLC now owns 45,939 shares of the financial services provider's stock valued at $2,081,000 after acquiring an additional 40,730 shares in the last quarter. Geode Capital Management LLC raised its stake in shares of Ally Financial by 4.7% in the 4th quarter. Geode Capital Management LLC now owns 5,381,838 shares of the financial services provider's stock valued at $243,795,000 after acquiring an additional 241,000 shares in the last quarter. Finally, Qsemble Capital Management LP lifted its holdings in Ally Financial by 136.0% in the 4th quarter. Qsemble Capital Management LP now owns 159,744 shares of the financial services provider's stock worth $7,235,000 after purchasing an additional 92,043 shares during the last quarter. 88.76% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Ally Financial

In other Ally Financial news, insider Stephanie N. Richard sold 5,000 shares of the business's stock in a transaction on Tuesday, August 4th. The shares were sold at an average price of $44.23, for a total value of $221,150.00. Following the sale, the insider owned 88,927 shares of the company's stock, valued at $3,933,241.21. The trade was a 5.32% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 0.46% of the stock is owned by company insiders.

Ally Financial Stock Performance

NYSE:ALLY opened at $43.62 on Tuesday. The firm's 50-day moving average is $44.85 and its 200-day moving average is $42.61. Ally Financial Inc. has a 52-week low of $35.92 and a 52-week high of $47.29. 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 company has a market cap of $13.27 billion, a price-to-earnings ratio of 10.29, a PEG ratio of 0.28 and a beta of 1.10.

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

Ally Financial Dividend Announcement

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

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the company. Barclays upped their target price on Ally Financial from $54.00 to $56.00 and gave the stock an "equal weight" rating in a research report on Monday, April 20th. Deutsche Bank Aktiengesellschaft restated a "buy" rating and issued a $58.00 price objective on shares of Ally Financial in a research note on Wednesday, July 22nd. Weiss Ratings raised shares of Ally Financial from a "buy (b-)" rating to a "buy (b)" rating in a report on Tuesday, June 23rd. Morgan Stanley raised their target price on shares of Ally Financial from $53.00 to $55.00 and gave the company an "overweight" rating in a research note on Monday, April 20th. Finally, Royal Bank Of Canada lifted their target price on shares of Ally Financial from $52.00 to $55.00 and gave the stock an "outperform" rating in a report on Friday, July 10th. Fourteen investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $53.64.

Ally Financial Profile

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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