Flputnam Investment Management Co. Makes New $2.54 Million Investment in Ally Financial Inc. $ALLY

Key Points

• Flputnam Investment Management acquired 55,361 Ally Financial shares worth approximately $2.54 million during the second quarter. Institutional investors collectively own 88.76% of the company’s stock.
• Analysts maintain a broadly positive view, with 14 Buy ratings and two Holds; Ally has a “Moderate Buy” consensus rating and an average price target of $53.64.
• Ally reported quarterly revenue of $2.28 billion, up 9.8% year over year, though EPS of $1.21 narrowly missed estimates. The company also paid a quarterly dividend of $0.30 per share, representing a 2.7% yield.

Flputnam Investment Management Co. bought a new stake in Ally Financial Inc. (NYSE:ALLY - Free Report) during the second quarter, according to the company in its most recent disclosure with the SEC. The firm bought 55,361 shares of the financial services provider's stock, valued at approximately $2,544,000.

Other institutional investors also recently modified their holdings of the company. Intech Investment Management LLC bought a new position in shares of Ally Financial in the fourth quarter worth about $3,926,000. Evergreen Capital Management LLC grew its holdings in shares of Ally Financial by 781.9% during the 4th quarter. Evergreen Capital Management LLC now owns 45,939 shares of the financial services provider's stock valued at $2,081,000 after purchasing an additional 40,730 shares during the last quarter. Geode Capital Management LLC grew its holdings in shares of Ally Financial by 4.7% during the 4th quarter. Geode Capital Management LLC now owns 5,381,838 shares of the financial services provider's stock valued at $243,795,000 after purchasing an additional 241,000 shares during the last quarter. Qsemble Capital Management LP grew its holdings in shares of Ally Financial by 136.0% during the 4th quarter. Qsemble Capital Management LP now owns 159,744 shares of the financial services provider's stock valued at $7,235,000 after purchasing an additional 92,043 shares during the last quarter. Finally, PNC Financial Services Group Inc. increased its position in Ally Financial by 166.2% during the 4th quarter. PNC Financial Services Group Inc. now owns 66,595 shares of the financial services provider's stock worth $3,016,000 after purchasing an additional 41,574 shares in the last quarter. Institutional investors and hedge funds own 88.76% of the company's stock.

Insiders Place Their Bets

In related news, insider Stephanie N. Richard sold 5,000 shares of the stock in a transaction on Tuesday, August 4th. The stock was sold at an average price of $44.23, for a total value of $221,150.00. Following the completion of the sale, the insider directly owned 88,927 shares in the company, valued at $3,933,241.21. This represents a 5.32% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.46% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several brokerages recently commented on ALLY. Evercore reissued an "outperform" rating and issued a $54.00 price objective on shares of Ally Financial in a research note on Tuesday, April 21st. The Goldman Sachs Group upped their price target on shares of Ally Financial from $50.00 to $56.00 and gave the stock a "buy" rating in a report on Monday, April 20th. Weiss Ratings upgraded Ally Financial from a "buy (b-)" rating to a "buy (b)" rating in a research note on Tuesday, June 23rd. Truist Financial cut their price objective on Ally Financial from $54.00 to $51.00 and set a "buy" rating on the stock in a report on Tuesday, August 4th. Finally, Citigroup reduced their price objective on Ally Financial from $70.00 to $58.00 and set a "buy" rating on the stock in a research report on Tuesday, June 23rd. Fourteen analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $53.64.

Ally Financial Stock Down 0.0%

NYSE:ALLY opened at $44.89 on Monday. Ally Financial Inc. has a one year low of $35.92 and a one year high of $47.29. The company has a debt-to-equity ratio of 1.26, a current ratio of 0.92 and a quick ratio of 0.92. The company has a market cap of $13.66 billion, a PE ratio of 10.59, a P/E/G ratio of 0.28 and a beta of 1.10. The firm's 50 day simple moving average is $44.82 and its 200 day simple moving average is $42.61.

Ally Financial (NYSE:ALLY - Get Free Report) last announced its quarterly earnings results on Tuesday, July 21st. The financial services provider reported $1.21 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.22 by ($0.01). The business had revenue of $2.28 billion during the quarter, compared to analyst estimates of $2.22 billion. Ally Financial had a net margin of 16.75% and a return on equity of 11.75%. The company's revenue was up 9.8% compared to the same quarter last year. During the same quarter last year, the company posted $0.99 earnings per share. On average, research analysts anticipate that Ally Financial Inc. will post 5.19 earnings per share for the current year.

Ally Financial Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 14th. Investors of record on Friday, July 31st were paid a $0.30 dividend. The ex-dividend date of this dividend was Friday, July 31st. This represents a $1.20 annualized dividend and a dividend yield of 2.7%. Ally Financial's payout ratio is currently 28.30%.

Ally Financial Profile

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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