Cerity Partners LLC Purchases 9,402 Shares of Ally Financial Inc. (NYSE:ALLY)

Cerity Partners LLC raised its stake in Ally Financial Inc. (NYSE:ALLY - Free Report) by 51.1% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 27,813 shares of the financial services provider's stock after buying an additional 9,402 shares during the period. Cerity Partners LLC's holdings in Ally Financial were worth $1,014,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Copia Wealth Management acquired a new stake in shares of Ally Financial in the 1st quarter worth $27,000. Private Trust Co. NA boosted its stake in shares of Ally Financial by 125.7% in the first quarter. Private Trust Co. NA now owns 914 shares of the financial services provider's stock worth $33,000 after acquiring an additional 509 shares during the last quarter. Bessemer Group Inc. boosted its holdings in shares of Ally Financial by 59.6% during the 1st quarter. Bessemer Group Inc. now owns 1,010 shares of the financial services provider's stock worth $37,000 after purchasing an additional 377 shares during the last quarter. Aster Capital Management DIFC Ltd purchased a new stake in shares of Ally Financial in the fourth quarter valued at about $78,000. Finally, Fifth Third Bancorp increased its stake in Ally Financial by 22.3% during the first quarter. Fifth Third Bancorp now owns 2,519 shares of the financial services provider's stock worth $92,000 after acquiring an additional 459 shares during the last quarter. Institutional investors own 88.76% of the company's stock.

Insider Buying and Selling at Ally Financial

In related news, insider Stephanie N. Richard sold 8,000 shares of the firm's stock in a transaction dated Wednesday, April 30th. The shares were sold at an average price of $32.14, for a total value of $257,120.00. Following the completion of the sale, the insider directly owned 90,387 shares in the company, valued at approximately $2,905,038.18. This trade represents a 8.13% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. 0.56% of the stock is owned by insiders.

Ally Financial Price Performance

NYSE:ALLY opened at $38.91 on Wednesday. The company has a 50-day moving average of $37.33 and a 200-day moving average of $36.12. The company has a debt-to-equity ratio of 1.30, a quick ratio of 0.92 and a current ratio of 0.92. The company has a market capitalization of $11.95 billion, a price-to-earnings ratio of 25.26, a PEG ratio of 0.30 and a beta of 1.15. Ally Financial Inc. has a 52 week low of $29.52 and a 52 week high of $45.46.

Ally Financial (NYSE:ALLY - Get Free Report) last issued its quarterly earnings results on Friday, July 18th. The financial services provider reported $0.99 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.78 by $0.21. Ally Financial had a return on equity of 9.48% and a net margin of 7.64%. The business had revenue of $2.08 billion for the quarter, compared to analyst estimates of $2.03 billion. During the same quarter in the prior year, the firm posted $0.97 earnings per share. The firm's revenue for the quarter was up 3.0% compared to the same quarter last year. As a group, equities research analysts anticipate that Ally Financial Inc. will post 3.57 earnings per share for the current fiscal year.

Ally Financial Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 15th. Stockholders of record on Friday, August 1st will be paid a dividend of $0.30 per share. The ex-dividend date is Friday, August 1st. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.08%. Ally Financial's dividend payout ratio is 77.92%.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on ALLY shares. Wells Fargo & Company dropped their price objective on Ally Financial from $34.00 to $32.00 and set an "underweight" rating on the stock in a report on Monday, April 21st. Morgan Stanley reissued an "overweight" rating and issued a $47.00 price objective (up previously from $39.00) on shares of Ally Financial in a research report on Thursday, July 10th. Royal Bank Of Canada reissued an "outperform" rating on shares of Ally Financial in a research note on Monday, July 14th. Bank of America lowered their price target on Ally Financial from $42.00 to $38.00 and set a "buy" rating for the company in a report on Monday, April 7th. Finally, Truist Financial boosted their target price on shares of Ally Financial from $41.00 to $44.00 and gave the stock a "buy" rating in a research report on Friday, June 13th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat, Ally Financial currently has an average rating of "Hold" and a consensus target price of $42.73.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.