Concurrent Investment Advisors LLC Makes New $1.89 Million Investment in Ally Financial Inc. $ALLY

Concurrent Investment Advisors LLC purchased a new position in shares of Ally Financial Inc. (NYSE:ALLY - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 41,813 shares of the financial services provider's stock, valued at approximately $1,894,000.

Several other hedge funds also recently bought and sold shares of the stock. Sweeney & Michel LLC boosted its holdings in Ally Financial by 4.0% in the third quarter. Sweeney & Michel LLC now owns 6,663 shares of the financial services provider's stock valued at $246,000 after acquiring an additional 256 shares during the last quarter. Signaturefd LLC lifted its stake in shares of Ally Financial by 2.0% during the fourth quarter. Signaturefd LLC now owns 13,933 shares of the financial services provider's stock worth $631,000 after purchasing an additional 277 shares in the last quarter. Assetmark Inc. lifted its stake in shares of Ally Financial by 2.0% during the fourth quarter. Assetmark Inc. now owns 14,583 shares of the financial services provider's stock worth $660,000 after purchasing an additional 281 shares in the last quarter. Bessemer Group Inc. lifted its stake in shares of Ally Financial by 33.5% during the third quarter. Bessemer Group Inc. now owns 1,234 shares of the financial services provider's stock worth $49,000 after purchasing an additional 310 shares in the last quarter. Finally, LRI Investments LLC lifted its stake in shares of Ally Financial by 10.6% during the third quarter. LRI Investments LLC now owns 3,352 shares of the financial services provider's stock worth $131,000 after purchasing an additional 320 shares in the last quarter. Hedge funds and other institutional investors own 88.76% of the company's stock.

Insider Activity

In other news, insider Douglas R. Timmerman sold 39,675 shares of Ally Financial stock in a transaction dated Friday, April 17th. The stock was sold at an average price of $45.17, for a total transaction of $1,792,119.75. Following the sale, the insider directly owned 477,627 shares of the company's stock, valued at approximately $21,574,411.59. The trade was a 7.67% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.46% of the company's stock.

Wall Street Analysts Forecast Growth

ALLY has been the topic of a number of recent research reports. Wall Street Zen upgraded Ally Financial from a "hold" rating to a "buy" rating in a research note on Saturday, April 25th. Royal Bank Of Canada restated an "outperform" rating and set a $52.00 price objective on shares of Ally Financial in a research note on Monday, January 12th. BTIG Research restated a "neutral" rating on shares of Ally Financial in a research note on Tuesday, January 6th. JPMorgan Chase & Co. reduced their price objective on Ally Financial from $48.00 to $46.00 and set an "overweight" rating on the stock in a research note on Thursday, April 9th. Finally, UBS Group set a $48.00 price objective on Ally Financial in a research note on Monday, January 12th. Thirteen research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $54.14.

Ally Financial Stock Down 1.3%

Shares of NYSE ALLY opened at $43.82 on Thursday. Ally Financial Inc. has a 1 year low of $31.45 and a 1 year high of $47.27. The firm has a market cap of $13.49 billion, a price-to-earnings ratio of 10.69, a PEG ratio of 0.27 and a beta of 1.14. The company has a debt-to-equity ratio of 1.31, a quick ratio of 0.93 and a current ratio of 0.93. The stock's 50-day simple moving average is $40.58 and its 200-day simple moving average is $41.61.

Ally Financial (NYSE:ALLY - Get Free Report) last announced its earnings results on Friday, April 17th. The financial services provider reported $1.11 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.93 by $0.18. Ally Financial had a return on equity of 11.41% and a net margin of 16.47%.The business had revenue of $2.18 billion for the quarter, compared to analyst estimates of $2.14 billion. During the same period in the previous year, the company earned $0.58 earnings per share. The company's revenue for the quarter was up 36.4% compared to the same quarter last year. As a group, equities analysts anticipate that Ally Financial Inc. will post 5.3 earnings per share for the current fiscal year.

Ally Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 15th. Stockholders of record on Friday, May 1st will be given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.7%. The ex-dividend date of this dividend is Friday, May 1st. Ally Financial's payout ratio is presently 29.27%.

About Ally Financial

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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