Centaurus Financial Inc. acquired a new position in shares of Ally Financial Inc. (NYSE:ALLY - Free Report) in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 25,429 shares of the financial services provider's stock, valued at approximately $1,168,000.
Other hedge funds have also modified their holdings of the company. Trust Co. of Vermont purchased a new position in Ally Financial in the 2nd quarter worth about $36,000. Fideuram Asset Management Ireland dac acquired a new position in shares of Ally Financial in the fourth quarter worth about $35,000. Safe Harbor Fiduciary LLC purchased a new position in shares of Ally Financial in the fourth quarter worth approximately $37,000. Harvest Fund Management Co. Ltd acquired a new stake in shares of Ally Financial during the fourth quarter valued at approximately $38,000. Finally, CIBC Private Wealth Group LLC lifted its position in shares of Ally Financial by 805.1% in the 4th quarter. CIBC Private Wealth Group LLC now owns 896 shares of the financial services provider's stock valued at $41,000 after acquiring an additional 797 shares in the last quarter. 88.76% of the stock is owned by hedge funds and other institutional investors.
Ally Financial Price Performance
Shares of ALLY opened at $42.82 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 $13.02 billion, a PE ratio of 10.10, a PEG ratio of 0.26 and a beta of 1.10. The firm's 50 day moving average price is $44.59 and its 200 day moving average price is $42.64. Ally Financial Inc. has a twelve month low of $35.92 and a twelve month high of $47.29.
Ally Financial (NYSE:ALLY - Get Free Report) last announced its quarterly earnings results 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 for the quarter, compared to analyst estimates of $2.22 billion. Ally Financial had a return on equity of 11.75% and a net margin of 16.75%.The business's revenue for the quarter was up 9.8% compared to the same quarter last year. During the same quarter last year, the company earned $0.99 EPS. As a group, research analysts expect that Ally Financial Inc. will post 5.19 EPS for the current fiscal year.
Ally Financial Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Friday, August 14th. Shareholders of record on Friday, July 31st were issued a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 2.8%. The ex-dividend date was Friday, July 31st. Ally Financial's dividend payout ratio (DPR) is 28.30%.
Insider Buying and Selling at Ally Financial
In other news, insider Stephanie N. Richard sold 5,000 shares of the company's 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 completion of the sale, the insider owned 88,927 shares in the company, valued at approximately $3,933,241.21. This represents a 5.32% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.46% of the stock is owned by corporate insiders.
Wall Street Analyst Weigh In
ALLY has been the topic of several research analyst reports. Deutsche Bank Aktiengesellschaft reiterated a "buy" rating and set a $58.00 price objective on shares of Ally Financial in a research report on Wednesday, July 22nd. Wall Street Zen lowered Ally Financial from a "buy" rating to a "hold" rating in a research report on Monday, June 8th. Bank of America increased their price target on shares of Ally Financial from $52.00 to $53.00 and gave the stock a "buy" rating in a research report on Wednesday, July 8th. Truist Financial lowered their price objective on shares of Ally Financial from $54.00 to $51.00 and set a "buy" rating on the stock in a research report on Tuesday, August 4th. Finally, Weiss Ratings upgraded shares of Ally Financial from a "buy (b-)" rating to a "buy (b)" rating in a research note on Tuesday, June 23rd. Fourteen 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 stock currently has an average rating of "Moderate Buy" and a consensus target price of $53.64.
Check Out Our Latest Research Report on Ally Financial
Ally Financial Company Profile
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Free Report)
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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