Hudson Portfolio Management LLC Buys Shares of 19,414 Ally Financial Inc. $ALLY

Hudson Portfolio Management LLC bought a new position in Ally Financial Inc. (NYSE:ALLY) in the 2nd quarter, according to its most recent filing with the SEC. The institutional investor bought 19,414 shares of the financial services provider’s stock, valued at approximately $892,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in ALLY. Royal Bank of Canada increased its stake in shares of Ally Financial by 106.5% during the first quarter. Royal Bank of Canada now owns 251,123 shares of the financial services provider’s stock valued at $9,158,000 after buying an additional 129,497 shares during the period. NewEdge Advisors LLC lifted its stake in Ally Financial by 22.8% in the first quarter. NewEdge Advisors LLC now owns 2,235 shares of the financial services provider’s stock worth $82,000 after acquiring an additional 415 shares during the period. Empowered Funds LLC lifted its stake in Ally Financial by 11.1% in the first quarter. Empowered Funds LLC now owns 12,900 shares of the financial services provider’s stock worth $470,000 after acquiring an additional 1,292 shares during the period. Focus Partners Wealth bought a new position in Ally Financial during the 1st quarter worth about $259,000. Finally, EverSource Wealth Advisors LLC grew its holdings in Ally Financial by 374.9% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,477 shares of the financial services provider’s stock worth $58,000 after acquiring an additional 1,166 shares in the last quarter. Institutional investors own 88.76% of the company’s stock.

Insider Activity

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

Ally Financial Stock Performance

Shares of Ally Financial stock opened at $42.96 on Friday. The company has a market capitalization of $13.07 billion, a PE ratio of 10.13, a P/E/G ratio of 0.27 and a beta of 1.10. The company has a 50-day simple moving average of $44.82 and a two-hundred day simple moving average of $42.63. 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 quick ratio of 0.92 and a current ratio of 0.92.

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

Ally Financial Announces Dividend

The company 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. This represents a $1.20 annualized dividend and a yield of 2.8%. The ex-dividend date of this dividend was Friday, July 31st. Ally Financial’s payout ratio is currently 28.30%.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the stock. Royal Bank Of Canada boosted their price target 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. Bank of America increased their price objective on shares of Ally Financial from $52.00 to $53.00 and gave the company a “buy” rating in a research note on Wednesday, July 8th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a $58.00 price objective on shares of Ally Financial in a research note on Wednesday, July 22nd. Truist Financial reduced their price objective on shares of Ally Financial from $54.00 to $51.00 and set a “buy” rating for the company in a research note on Tuesday, August 4th. Finally, Citigroup reduced their price objective on shares of Ally Financial from $70.00 to $58.00 and set a “buy” rating for the company in a research note on Tuesday, June 23rd. Fourteen research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $53.64.

About Ally Financial

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.