Cwm LLC Has $617,000 Holdings in Ally Financial Inc. (NYSE:ALLY)

CWM LLC lifted its holdings in shares of Ally Financial Inc. (NYSE:ALLY - Free Report) by 195.9% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 16,930 shares of the financial services provider's stock after purchasing an additional 11,209 shares during the period. CWM LLC's holdings in Ally Financial were worth $617,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Louisiana State Employees Retirement System lifted its holdings in shares of Ally Financial by 1.2% during the 1st quarter. Louisiana State Employees Retirement System now owns 77,000 shares of the financial services provider's stock valued at $2,808,000 after acquiring an additional 900 shares in the last quarter. Xponance Inc. raised its stake in shares of Ally Financial by 2.9% in the 1st quarter. Xponance Inc. now owns 49,688 shares of the financial services provider's stock valued at $1,812,000 after purchasing an additional 1,378 shares in the last quarter. CFC Planning Co LLC bought a new stake in shares of Ally Financial during the 1st quarter valued at about $236,000. State of Michigan Retirement System grew its position in shares of Ally Financial by 1.3% during the 1st quarter. State of Michigan Retirement System now owns 72,564 shares of the financial services provider's stock valued at $2,646,000 after buying an additional 900 shares during the last quarter. Finally, Cerity Partners LLC grew its position in Ally Financial by 51.1% in the 1st quarter. Cerity Partners LLC now owns 27,813 shares of the financial services provider's stock worth $1,014,000 after purchasing an additional 9,402 shares during the last quarter. 88.76% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have commented on ALLY shares. Bank of America decreased their target price on shares of Ally Financial from $42.00 to $38.00 and set a "buy" rating for the company in a research report on Monday, April 7th. Truist Financial upped their target price on shares of Ally Financial from $44.00 to $45.00 and gave the stock a "buy" rating in a research report on Thursday. Wells Fargo & Company decreased their target price on shares of Ally Financial from $34.00 to $32.00 and set an "underweight" rating for the company in a research report on Monday, April 21st. Wall Street Zen upgraded shares of Ally Financial from a "sell" rating to a "hold" rating in a research report on Friday, May 23rd. Finally, JPMorgan Chase & Co. upped their target price on shares of Ally Financial from $44.00 to $45.00 and gave the stock an "overweight" rating in a research report on Monday, July 21st. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $42.80.

Ally Financial Trading Up 0.4%

Shares of NYSE:ALLY traded up $0.16 during mid-day trading on Friday, hitting $38.54. The stock had a trading volume of 2,691,746 shares, compared to its average volume of 3,354,050. 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 cap of $11.84 billion, a PE ratio of 25.02, a P/E/G ratio of 0.30 and a beta of 1.15. Ally Financial Inc. has a 12-month low of $29.52 and a 12-month high of $45.46. The company's 50 day moving average is $37.60 and its 200-day moving average is $36.22.

Ally Financial (NYSE:ALLY - Get Free Report) last issued its quarterly earnings results on Friday, July 18th. The financial services provider reported $0.99 EPS for the quarter, beating the consensus estimate of $0.78 by $0.21. The business had revenue of $2.08 billion during the quarter, compared to the consensus estimate of $2.03 billion. Ally Financial had a net margin of 7.64% and a return on equity of 9.48%. The firm's quarterly revenue was up 3.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.97 EPS. On average, sell-side analysts predict that Ally Financial Inc. will post 3.57 EPS for the current year.

Ally Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 15th. Shareholders of record on Friday, August 1st will be paid a $0.30 dividend. The ex-dividend date of this dividend is Friday, August 1st. This represents a $1.20 annualized dividend and a yield of 3.11%. Ally Financial's dividend payout ratio is presently 77.92%.

Insiders Place Their Bets

In other Ally Financial news, insider Stephanie N. Richard sold 8,000 shares of the company's stock in a transaction that occurred 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 transaction, the insider owned 90,387 shares in the company, valued at approximately $2,905,038.18. This represents a 8.13% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.67% of the company's stock.

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.