VIRGINIA RETIREMENT SYSTEMS ET Al Makes New $3.27 Million Investment in Ally Financial Inc. $ALLY

Key Points

• Virginia Retirement Systems purchased 71,100 shares of Ally Financial worth approximately $3.27 million in the second quarter. Institutional investors collectively own 88.76% of the company.
• Analysts remain broadly optimistic, with one Strong Buy, 14 Buy, and two Hold ratings; Ally has an average “Moderate Buy” rating and a consensus price target of $53.73.
• Ally reported quarterly revenue of $2.28 billion, up 9.8% year over year, though earnings per share of $1.21 narrowly missed estimates. The company also maintains a quarterly dividend of $0.30 per share, yielding about 2.9%.

VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new position in shares of Ally Financial Inc. (NYSE:ALLY - Free Report) during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 71,100 shares of the financial services provider's stock, valued at approximately $3,267,000.

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

Analyst Upgrades and Downgrades

Several research firms recently issued reports on ALLY. Raymond James Financial assumed coverage on Ally Financial in a report on Tuesday, September 1st. They issued a "strong-buy" rating and a $55.00 price target on the stock. Weiss Ratings upgraded shares of Ally Financial from a "buy (b-)" rating to a "buy (b)" rating in a research report on Tuesday, June 23rd. Citigroup lowered their price target on shares of Ally Financial from $70.00 to $58.00 and set a "buy" rating for the company in a research report on Tuesday, June 23rd. Bank of America boosted their price target on shares of Ally Financial from $52.00 to $53.00 and gave the stock a "buy" rating in a research note on Wednesday, July 8th. Finally, Royal Bank Of Canada increased their price objective on shares of Ally Financial from $52.00 to $55.00 and gave the company an "outperform" rating in a report on Friday, July 10th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, Ally Financial currently has an average rating of "Moderate Buy" and an average price target of $53.73.

Ally Financial Stock Performance

ALLY stock opened at $41.90 on Thursday. Ally Financial Inc. has a 1-year low of $35.92 and a 1-year high of $47.29. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 1.26. The firm has a market cap of $12.75 billion, a PE ratio of 9.88, a P/E/G ratio of 0.26 and a beta of 1.09. The business's 50-day moving average price is $43.98 and its two-hundred day moving average price is $42.71.

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). 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 quarter last year, the company earned $0.99 earnings per share. The firm's revenue was up 9.8% compared to the same quarter last year. As a group, research analysts forecast that Ally Financial Inc. will post 5.2 earnings per share for the current year.

Ally Financial Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, August 14th. Shareholders of record on Friday, July 31st were issued a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 2.9%. The ex-dividend date was Friday, July 31st. Ally Financial's dividend payout ratio (DPR) is 28.30%.

Insiders Place Their Bets

In other news, insider Stephanie Richard sold 5,000 shares of the company's stock in a transaction that occurred 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 completion of the transaction, the insider 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 filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.46% of the company's stock.

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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