Ally Financial Inc. (NYSE:ALLY) Shares Purchased by Edgestream Partners L.P.

Edgestream Partners L.P. raised its stake in shares of Ally Financial Inc. (NYSE:ALLY - Free Report) by 83.6% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 154,322 shares of the financial services provider's stock after purchasing an additional 70,256 shares during the period. Edgestream Partners L.P. owned 0.05% of Ally Financial worth $5,628,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Tidal Investments LLC grew its stake in shares of Ally Financial by 1.1% during the fourth quarter. Tidal Investments LLC now owns 26,279 shares of the financial services provider's stock valued at $946,000 after buying an additional 280 shares during the last quarter. EP Wealth Advisors LLC grew its stake in shares of Ally Financial by 4.9% during the fourth quarter. EP Wealth Advisors LLC now owns 6,367 shares of the financial services provider's stock valued at $229,000 after buying an additional 297 shares during the last quarter. Meiji Yasuda Asset Management Co Ltd. grew its stake in shares of Ally Financial by 2.1% during the fourth quarter. Meiji Yasuda Asset Management Co Ltd. now owns 15,332 shares of the financial services provider's stock valued at $552,000 after buying an additional 320 shares during the last quarter. Signet Financial Management LLC grew its stake in shares of Ally Financial by 5.6% during the first quarter. Signet Financial Management LLC now owns 6,724 shares of the financial services provider's stock valued at $245,000 after buying an additional 357 shares during the last quarter. Finally, Lido Advisors LLC grew its stake in shares of Ally Financial by 5.9% during the fourth quarter. Lido Advisors LLC now owns 6,455 shares of the financial services provider's stock valued at $232,000 after buying an additional 359 shares during the last quarter. 88.76% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on ALLY shares. The Goldman Sachs Group upped their target price on Ally Financial from $45.00 to $50.00 and gave the company a "buy" rating in a research note on Tuesday, April 1st. Truist Financial upped their target price on Ally Financial from $41.00 to $44.00 and gave the company a "buy" rating in a research note on Friday, June 13th. Wells Fargo & Company dropped their price objective on Ally Financial from $34.00 to $32.00 and set an "underweight" rating on the stock in a research note on Monday, April 21st. Citigroup reissued a "buy" rating and issued a $59.00 price objective (up previously from $55.00) on shares of Ally Financial in a research note on Wednesday, July 2nd. Finally, Compass Point raised Ally Financial from a "neutral" rating to a "buy" rating and increased their price objective for the stock from $37.00 to $41.00 in a research note on Monday, April 7th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and nine have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $42.67.

Ally Financial Stock Performance

ALLY stock traded down $0.50 during midday trading on Friday, reaching $39.74. The stock had a trading volume of 3,826,990 shares, compared to its average volume of 3,764,512. The stock has a market cap of $12.21 billion, a PE ratio of 29.23, a P/E/G ratio of 0.38 and a beta of 1.15. The company has a debt-to-equity ratio of 1.38, a quick ratio of 0.90 and a current ratio of 0.90. The firm has a fifty day simple moving average of $37.23 and a two-hundred day simple moving average of $36.09. Ally Financial Inc. has a 52-week low of $29.52 and a 52-week high of $45.46.

Ally Financial (NYSE:ALLY - Get Free Report) last issued its earnings results 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 company had revenue of $2.08 billion during the quarter, compared to analyst estimates of $2.03 billion. Ally Financial had a return on equity of 9.53% and a net margin of 6.96%. The firm's quarterly revenue was up 3.0% on a year-over-year basis. During the same quarter last year, the business posted $0.97 EPS. As a group, equities research analysts anticipate that Ally Financial Inc. will post 3.57 EPS for the current year.

Ally Financial Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, August 15th. Shareholders of record on Friday, August 1st will be given a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 3.02%. The ex-dividend date of this dividend is Friday, August 1st. Ally Financial's dividend payout ratio is currently 88.24%.

Insider Activity

In other Ally Financial news, insider Stephanie N. Richard sold 8,000 shares of the stock in a transaction dated Wednesday, April 30th. The stock was sold at an average price of $32.14, for a total transaction of $257,120.00. Following the sale, the insider directly owned 90,387 shares of the company's stock, valued at approximately $2,905,038.18. This trade represents a 8.13% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Russell E. Hutchinson purchased 8,200 shares of the business's stock in a transaction on Tuesday, April 22nd. The shares were bought at an average cost of $30.81 per share, for a total transaction of $252,642.00. Following the completion of the transaction, the chief financial officer directly owned 236,421 shares in the company, valued at $7,284,131.01. This trade represents a 3.59% increase in their position. The disclosure for this purchase can be found here. 0.67% of the stock is currently owned by company insiders.

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.