CFC Planning Co LLC Makes New $236,000 Investment in Ally Financial Inc. (NYSE:ALLY)

CFC Planning Co LLC purchased a new stake in Ally Financial Inc. (NYSE:ALLY - Free Report) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 6,473 shares of the financial services provider's stock, valued at approximately $236,000.

A number of other institutional investors have also modified their holdings of ALLY. Copia Wealth Management acquired a new stake in Ally Financial in the first quarter worth about $27,000. Private Trust Co. NA grew its position in Ally Financial by 125.7% during the 1st quarter. Private Trust Co. NA now owns 914 shares of the financial services provider's stock worth $33,000 after purchasing an additional 509 shares in the last quarter. Bessemer Group Inc. raised its position in Ally Financial by 59.6% during the first quarter. Bessemer Group Inc. now owns 1,010 shares of the financial services provider's stock valued at $37,000 after buying an additional 377 shares during the period. Harbour Investments Inc. increased its holdings in shares of Ally Financial by 38.5% in the 4th quarter. Harbour Investments Inc. now owns 2,142 shares of the financial services provider's stock valued at $77,000 after purchasing an additional 595 shares during the period. Finally, Aster Capital Management DIFC Ltd acquired a new position in Ally Financial in the 4th quarter valued at approximately $78,000. Institutional investors and hedge funds own 88.76% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages have recently commented on ALLY. JPMorgan Chase & Co. increased their price target on shares of Ally Financial from $36.00 to $44.00 and gave the stock an "overweight" rating in a research note on Friday. BTIG Research cut Ally Financial from a "neutral" rating to a "sell" rating and set a $30.00 price objective for the company. in a research report on Tuesday, March 25th. Morgan Stanley reissued an "overweight" rating and set a $47.00 target price (up from $39.00) on shares of Ally Financial in a research report on Thursday. Truist Financial boosted their price target on shares of Ally Financial from $41.00 to $44.00 and gave the company a "buy" rating in a report on Friday, June 13th. Finally, Citigroup reissued a "buy" rating and issued a $59.00 target price (up from $55.00) on shares of Ally Financial in a report on Wednesday, July 2nd. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $42.67.

Insider Buying and Selling

In other news, CFO Russell E. Hutchinson purchased 8,200 shares of Ally Financial stock in a transaction that occurred on Tuesday, April 22nd. The stock was acquired at an average cost of $30.81 per share, for a total transaction of $252,642.00. Following the purchase, the chief financial officer directly owned 236,421 shares of the company's stock, valued at $7,284,131.01. This trade represents a 3.59% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Stephanie N. Richard sold 8,000 shares of the company's stock in a transaction on 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 transaction, the insider directly owned 90,387 shares in the company, valued at approximately $2,905,038.18. This represents a 8.13% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.67% of the stock is currently owned by insiders.

Ally Financial Stock Down 0.2%

ALLY stock traded down $0.10 during mid-day trading on Friday, reaching $40.42. The company had a trading volume of 2,608,347 shares, compared to its average volume of 3,781,551. The stock has a 50 day simple moving average of $36.53 and a two-hundred day simple moving average of $35.95. Ally Financial Inc. has a 52 week low of $29.52 and a 52 week high of $45.46. The company has a market capitalization of $12.42 billion, a price-to-earnings ratio of 29.72, a PEG ratio of 0.38 and a beta of 1.15. The company has a debt-to-equity ratio of 1.38, a current ratio of 0.90 and a quick ratio of 0.90.

Ally Financial (NYSE:ALLY - Get Free Report) last issued its earnings results on Thursday, April 17th. The financial services provider reported $0.58 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.43 by $0.15. Ally Financial had a net margin of 6.96% and a return on equity of 9.53%. The business had revenue of $1.54 billion during the quarter, compared to the consensus estimate of $2.04 billion. During the same period last year, the business posted $0.45 EPS. As a group, equities analysts predict that Ally Financial Inc. will post 3.57 earnings per share for the current fiscal year.

Ally Financial Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, May 15th. Stockholders of record on Thursday, May 1st were paid a dividend of $0.30 per share. The ex-dividend date of this dividend was Thursday, May 1st. This represents a $1.20 annualized dividend and a dividend yield of 2.97%. Ally Financial's dividend payout ratio is currently 88.24%.

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.