Davis Investment Partners LLC Invests $243,000 in Ally Financial Inc. $ALLY

Key Points

• Davis Investment Partners LLC invested approximately $243,000 in Ally Financial Inc. by acquiring 6,050 shares during the 2nd quarter.
• Ally Financial recently received several analyst upgrades, including a price target increase from Citigroup and an upgrade from Wall Street Zen to a "hold" rating.
• The company announced a quarterly dividend of $0.30 per share, equating to an annualized dividend yield of 2.8%, with a payout ratio of 77.92%.

Davis Investment Partners LLC bought a new position in Ally Financial Inc. (NYSE:ALLY - Free Report) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 6,050 shares of the financial services provider's stock, valued at approximately $243,000.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the company. Tidal Investments LLC lifted its stake in shares of Ally Financial by 1.1% in the fourth quarter. Tidal Investments LLC now owns 26,279 shares of the financial services provider's stock worth $946,000 after buying an additional 280 shares in the last quarter. Integrated Wealth Concepts LLC lifted its stake in shares of Ally Financial by 0.7% in the first quarter. Integrated Wealth Concepts LLC now owns 40,363 shares of the financial services provider's stock worth $1,472,000 after buying an additional 300 shares in the last quarter. Signet Financial Management LLC lifted its stake in shares of Ally Financial by 5.6% in the first quarter. Signet Financial Management LLC now owns 6,724 shares of the financial services provider's stock worth $245,000 after buying an additional 357 shares in the last quarter. Bessemer Group Inc. lifted its stake in shares of Ally Financial by 59.6% in the first quarter. Bessemer Group Inc. now owns 1,010 shares of the financial services provider's stock worth $37,000 after buying an additional 377 shares in the last quarter. Finally, NewEdge Advisors LLC lifted its stake in shares of Ally Financial by 22.8% in the first quarter. NewEdge Advisors LLC now owns 2,235 shares of the financial services provider's stock worth $82,000 after buying an additional 415 shares in the last quarter. Institutional investors own 88.76% of the company's stock.

Analyst Upgrades and Downgrades

ALLY has been the topic of several analyst reports. Wall Street Zen upgraded shares of Ally Financial from a "sell" rating to a "hold" rating in a research note on Friday, May 23rd. Citigroup reissued a "buy" rating and set a $59.00 price objective (up from $55.00) on shares of Ally Financial in a report on Wednesday, July 2nd. JPMorgan Chase & Co. boosted their price objective on shares of Ally Financial from $44.00 to $45.00 and gave the company an "overweight" rating in a report on Monday, July 21st. Truist Financial boosted their price objective on shares of Ally Financial from $44.00 to $45.00 and gave the company a "buy" rating in a report on Thursday, July 24th. Finally, Morgan Stanley reaffirmed an "overweight" rating and set a $47.00 target price (up from $39.00) on shares of Ally Financial in a report on Thursday, July 10th. Nine equities research 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 has a consensus rating of "Moderate Buy" and an average target price of $43.67.

Ally Financial Stock Performance

Shares of NYSE ALLY opened at $42.22 on Monday. The firm has a fifty day moving average price of $39.54 and a 200-day moving average price of $36.62. The company has a debt-to-equity ratio of 1.30, a current ratio of 0.92 and a quick ratio of 0.92. The stock has a market cap of $13.00 billion, a PE ratio of 27.42, a price-to-earnings-growth ratio of 0.33 and a beta of 1.13. Ally Financial Inc. has a 1 year low of $29.52 and a 1 year high of $42.46.

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

Ally Financial Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, August 15th. Investors of record on Friday, August 1st were given a dividend of $0.30 per share. The ex-dividend date was Friday, August 1st. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.8%. Ally Financial's dividend payout ratio is currently 77.92%.

Ally Financial 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.

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