Fuller & Thaler Asset Management Inc. Invests $14.18 Million in Ally Financial Inc. $ALLY

Key Points

• Fuller & Thaler Asset Management Inc. invested approximately $14.18 million to acquire a new position in Ally Financial, purchasing 388,667 shares in the first quarter of the year.
• JPMorgan Chase & Co. and Citigroup upgraded their price targets for Ally Financial, with Citigroup increasing its target from $55.00 to $59.00, reflecting positive analyst sentiment towards the stock.
• Ally Financial announced a quarterly dividend of $0.30 per share, representing an annualized yield of 3.1%, with a payout ratio currently at 77.92%.

Fuller & Thaler Asset Management Inc. bought a new position in Ally Financial Inc. (NYSE:ALLY - Free Report) during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 388,667 shares of the financial services provider's stock, valued at approximately $14,175,000. Fuller & Thaler Asset Management Inc. owned about 0.13% of Ally Financial as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of the company. Wellington Management Group LLP purchased a new position in Ally Financial in the first quarter valued at approximately $253,881,000. Algert Global LLC lifted its stake in Ally Financial by 339.8% in the first quarter. Algert Global LLC now owns 48,355 shares of the financial services provider's stock valued at $1,764,000 after purchasing an additional 37,360 shares during the last quarter. Raymond James Financial Inc. lifted its stake in Ally Financial by 144.3% in the first quarter. Raymond James Financial Inc. now owns 158,549 shares of the financial services provider's stock valued at $5,782,000 after purchasing an additional 93,660 shares during the last quarter. Cresset Asset Management LLC purchased a new position in Ally Financial in the first quarter valued at approximately $613,000. Finally, American Century Companies Inc. lifted its stake in Ally Financial by 15.5% in the first quarter. American Century Companies Inc. now owns 580,953 shares of the financial services provider's stock valued at $21,187,000 after purchasing an additional 78,028 shares during the last quarter. Hedge funds and other institutional investors own 88.76% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts recently commented on ALLY shares. JPMorgan Chase & Co. upped their price objective on Ally Financial from $44.00 to $45.00 and gave the company an "overweight" rating in a research note on Monday, July 21st. Citigroup reiterated 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. Royal Bank Of Canada reiterated an "outperform" rating on shares of Ally Financial in a research note on Monday, July 14th. Wall Street Zen raised shares of Ally Financial from a "sell" rating to a "hold" rating in a report on Friday, May 23rd. Finally, Truist Financial boosted their target price 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. Nine equities research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat.com, Ally Financial presently has an average rating of "Hold" and an average price target of $42.80.

Ally Financial Trading Down 0.5%

Shares of ALLY stock opened at $38.2070 on Wednesday. The company's fifty day simple moving average is $38.56 and its two-hundred day simple moving average is $36.25. The company has a debt-to-equity ratio of 1.30, a current ratio of 0.92 and a quick ratio of 0.92. Ally Financial Inc. has a 1 year low of $29.52 and a 1 year high of $43.86. The stock has a market capitalization of $11.76 billion, a price-to-earnings ratio of 24.81, a PEG ratio of 0.30 and a beta of 1.16.

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, beating analysts' consensus estimates of $0.78 by $0.21. The business had revenue of $2.08 billion for 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 business's revenue for the quarter was up 3.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.97 EPS. As a group, analysts anticipate that Ally Financial Inc. will post 3.57 earnings per share for the current year.

Ally Financial Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, August 15th. Stockholders of record on Friday, August 1st were issued a $0.30 dividend. The ex-dividend date of this dividend was Friday, August 1st. This represents a $1.20 annualized dividend and a dividend yield of 3.1%. Ally Financial's dividend payout ratio is presently 77.92%.

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.

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