OneDigital Investment Advisors LLC Makes New Investment in Ally Financial Inc. $ALLY

Key Points

• OneDigital Investment Advisors initiated a position in Ally Financial during the second quarter, purchasing 100,631 shares valued at approximately $4.6 million. Institutional investors and hedge funds collectively own 88.76% of the company.
• Ally Financial reported quarterly revenue of $2.28 billion, up 9.8% year over year, while earnings of $1.21 per share narrowly missed analyst expectations. The company maintains a quarterly dividend of $0.30 per share, representing a 2.7% annualized yield.
• Analyst sentiment remains favorable, with 14 Buy ratings and two Hold ratings, producing a consensus “Moderate Buy” rating and an average price target of $53.64 versus the recent share price of $44.89.

OneDigital Investment Advisors LLC purchased a new position in shares of Ally Financial Inc. (NYSE:ALLY - Free Report) in the second quarter, according to its most recent disclosure with the SEC. The firm purchased 100,631 shares of the financial services provider's stock, valued at approximately $4,624,000.

Other institutional investors have also made changes to their positions in the company. SJS Investment Consulting Inc. raised its position in Ally Financial by 30.8% during the first quarter. SJS Investment Consulting Inc. now owns 1,019 shares of the financial services provider's stock valued at $40,000 after acquiring an additional 240 shares in the last quarter. Fifth Third Wealth Advisors LLC increased its stake in shares of Ally Financial by 3.1% during the 1st quarter. Fifth Third Wealth Advisors LLC now owns 8,010 shares of the financial services provider's stock worth $314,000 after purchasing an additional 243 shares during the last quarter. Brown Brothers Harriman & Co. raised its holdings in shares of Ally Financial by 31.5% during the 4th quarter. Brown Brothers Harriman & Co. now owns 1,052 shares of the financial services provider's stock valued at $48,000 after purchasing an additional 252 shares in the last quarter. Triumph Capital Management lifted its stake in shares of Ally Financial by 9.2% in the 4th quarter. Triumph Capital Management now owns 3,133 shares of the financial services provider's stock valued at $142,000 after purchasing an additional 265 shares during the last quarter. Finally, Larson Financial Group LLC boosted its holdings in Ally Financial by 25.0% in the fourth quarter. Larson Financial Group LLC now owns 1,340 shares of the financial services provider's stock worth $61,000 after purchasing an additional 268 shares in the last quarter. 88.76% of the stock is currently owned by institutional investors and hedge funds.

Ally Financial Price Performance

Shares of NYSE:ALLY opened at $44.89 on Monday. The company has a market cap of $13.66 billion, a price-to-earnings ratio of 10.59, a PEG ratio of 0.28 and a beta of 1.10. The business has a 50 day moving average price of $44.82 and a 200 day moving average price of $42.61. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 1.26. Ally Financial Inc. has a twelve month low of $35.92 and a twelve month high of $47.29.

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

Ally Financial Announces Dividend

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

Insiders Place Their Bets

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

Analyst Upgrades and Downgrades

A number of analysts have weighed in on ALLY shares. Bank of America boosted their price target on Ally Financial from $52.00 to $53.00 and gave the stock a "buy" rating in a research report on Wednesday, July 8th. Deutsche Bank Aktiengesellschaft reissued a "buy" rating and set a $58.00 price objective on shares of Ally Financial in a report on Wednesday, July 22nd. Citigroup cut their price objective on Ally Financial from $70.00 to $58.00 and set a "buy" rating on the stock in a research note on Tuesday, June 23rd. The Goldman Sachs Group boosted their target price on Ally Financial from $50.00 to $56.00 and gave the stock a "buy" rating in a report on Monday, April 20th. Finally, Weiss Ratings raised shares of Ally Financial from a "buy (b-)" rating to a "buy (b)" rating 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's stock. According to MarketBeat.com, Ally Financial currently has an average rating of "Moderate Buy" and a consensus price target of $53.64.

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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