Chung Wu Investment Group LLC Invests $467,000 in Ally Financial Inc. $ALLY

Key Points

• Chung Wu Investment Group LLC invested approximately $467,000 to acquire 12,000 shares of Ally Financial Inc. in the second quarter, as reported in its recent Form 13F filing with the SEC.
• Ally Financial reported earnings per share of $0.99 for the last quarter, exceeding analyst estimates of $0.78, with a revenue of $2.08 billion.
• The company announced a quarterly dividend of $0.30 per share, reflecting a 3% yield and a payout ratio of 77.92%.

Chung Wu Investment Group LLC acquired a new stake in Ally Financial Inc. (NYSE:ALLY - Free Report) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 12,000 shares of the financial services provider's stock, valued at approximately $467,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. WPG Advisers LLC bought a new stake in shares of Ally Financial in the 1st quarter valued at approximately $25,000. Copia Wealth Management acquired a new position in Ally Financial in the first quarter worth $27,000. SVB Wealth LLC acquired a new position in Ally Financial in the first quarter worth $27,000. Private Trust Co. NA increased its stake in Ally Financial by 125.7% during the first quarter. Private Trust Co. NA now owns 914 shares of the financial services provider's stock valued at $33,000 after purchasing an additional 509 shares during the last quarter. Finally, Bessemer Group Inc. raised its holdings in shares of Ally Financial by 59.6% during the first 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 period. Institutional investors and hedge funds own 88.76% of the company's stock.

Ally Financial Price Performance

Shares of NYSE ALLY opened at $39.58 on Monday. The stock has a market cap of $12.18 billion, a P/E ratio of 25.70, a P/E/G ratio of 0.31 and a beta of 1.18. The firm's 50-day simple moving average is $40.12 and its 200 day simple moving average is $37.34. Ally Financial Inc. has a fifty-two week low of $29.52 and a fifty-two week high of $44.83. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 1.30.

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

Ally Financial Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, August 15th. Investors of record on Friday, August 1st were issued a dividend of $0.30 per share. The ex-dividend date of this dividend was Friday, August 1st. This represents a $1.20 annualized dividend and a yield of 3.0%. Ally Financial's payout ratio is presently 77.92%.

Wall Street Analyst Weigh In

Several research firms have recently commented on ALLY. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Ally Financial in a report on Saturday, September 27th. JPMorgan Chase & Co. raised their target price on shares of Ally Financial from $44.00 to $45.00 and gave the stock an "overweight" rating in a report on Monday, July 21st. Keefe, Bruyette & Woods lowered their target price on Ally Financial from $56.00 to $51.00 and set an "outperform" rating for the company in a report on Wednesday, October 1st. Wells Fargo & Company raised Ally Financial from an "underweight" rating to an "equal weight" rating and raised their price target for the stock from $37.00 to $45.00 in a report on Tuesday, September 2nd. Finally, Evercore ISI reduced their price objective on Ally Financial from $45.00 to $44.00 and set an "in-line" rating for the company in a research report on Tuesday, September 30th. Nine investment analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company. According to data from MarketBeat.com, Ally Financial currently has a consensus rating of "Moderate Buy" and a consensus price target of $45.36.

About Ally Financial

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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