Leeward Investments LLC MA Acquires New Holdings in Ally Financial Inc. (NYSE:ALLY)

Leeward Investments LLC MA bought a new position in shares of Ally Financial Inc. (NYSE:ALLY - Free Report) in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 252,149 shares of the financial services provider's stock, valued at approximately $9,196,000. Leeward Investments LLC MA owned 0.08% of Ally Financial as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in ALLY. Copia Wealth Management bought a new stake in shares of Ally Financial during the 1st quarter worth $27,000. Private Trust Co. NA lifted its position in Ally Financial by 125.7% during the 1st quarter. Private Trust Co. NA now owns 914 shares of the financial services provider's stock worth $33,000 after acquiring an additional 509 shares during the last quarter. Bessemer Group Inc. boosted its holdings in Ally Financial by 59.6% during the first quarter. Bessemer Group Inc. now owns 1,010 shares of the financial services provider's stock valued at $37,000 after acquiring an additional 377 shares during the period. Harbour Investments Inc. grew its position in shares of Ally Financial by 38.5% in the fourth quarter. Harbour Investments Inc. now owns 2,142 shares of the financial services provider's stock valued at $77,000 after purchasing an additional 595 shares during the last quarter. Finally, Aster Capital Management DIFC Ltd bought a new position in Ally Financial in the 4th quarter worth approximately $78,000. Institutional investors own 88.76% of the company's stock.

Ally Financial Trading Up 0.7%

Shares of Ally Financial stock opened at $41.20 on Friday. Ally Financial Inc. has a 12-month low of $29.52 and a 12-month high of $45.46. The stock has a market capitalization of $12.66 billion, a P/E ratio of 30.29, a price-to-earnings-growth ratio of 0.38 and a beta of 1.15. The company has a 50-day simple moving average of $35.75 and a 200 day simple moving average of $35.76. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 1.38.

Ally Financial (NYSE:ALLY - Get Free Report) last posted its quarterly earnings data on Thursday, April 17th. The financial services provider reported $0.58 earnings per share for the quarter, topping the consensus estimate of $0.43 by $0.15. Ally Financial had a net margin of 6.96% and a return on equity of 9.53%. The company had revenue of $1.54 billion during the quarter, compared to analyst estimates of $2.04 billion. During the same quarter last year, the business posted $0.45 earnings per share. Research analysts expect that Ally Financial Inc. will post 3.57 earnings per share for the current fiscal year.

Ally Financial Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, May 15th. Investors of record on Thursday, May 1st were issued a dividend of $0.30 per share. The ex-dividend date was Thursday, May 1st. This represents a $1.20 dividend on an annualized basis and a yield of 2.91%. Ally Financial's dividend payout ratio is 88.24%.

Analysts Set New Price Targets

A number of analysts have weighed in on the stock. JPMorgan Chase & Co. reduced their price target on shares of Ally Financial from $43.00 to $36.00 and set an "overweight" rating for the company in a report on Tuesday, April 8th. BTIG Research lowered shares of Ally Financial from a "neutral" rating to a "sell" rating and set a $30.00 price objective for the company. in a research report on Tuesday, March 25th. 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 restated a "buy" rating and set a $59.00 price target (up from $55.00) on shares of Ally Financial in a research note on Wednesday. Finally, Truist Financial raised their price objective on Ally Financial from $41.00 to $44.00 and gave the stock a "buy" rating in a research report on Friday, June 13th. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and nine have issued a buy rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $41.60.

Insider Buying and Selling at Ally Financial

In other Ally Financial news, insider Stephanie N. Richard sold 8,000 shares of the business's stock in a transaction on Wednesday, April 30th. The stock was 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 of the company's stock, valued at approximately $2,905,038.18. The trade was a 8.13% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Russell E. Hutchinson bought 8,200 shares of the firm's stock in a transaction dated Tuesday, April 22nd. The shares were acquired at an average price of $30.81 per share, for a total transaction of $252,642.00. Following the acquisition, the chief financial officer directly owned 236,421 shares of the company's stock, valued at approximately $7,284,131.01. The trade was a 3.59% increase in their position. The disclosure for this purchase can be found here. Insiders own 0.67% of the company's stock.

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.

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