Ally Financial Inc. $ALLY Shares Acquired by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP increased its position in Ally Financial Inc. (NYSE:ALLYFree Report) by 3.6% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 9,018,580 shares of the financial services provider’s stock after purchasing an additional 309,638 shares during the quarter. Dimensional Fund Advisors LP’s holdings in Ally Financial were worth $353,776,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Royal Bank of Canada grew 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 acquiring an additional 129,497 shares in the last quarter. NewEdge Advisors LLC lifted its stake in shares of 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 in the last quarter. Empowered Funds LLC boosted its holdings 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 valued at $470,000 after purchasing an additional 1,292 shares during the last quarter. Focus Partners Wealth purchased a new position in Ally Financial in the first quarter valued at about $259,000. Finally, EverSource Wealth Advisors LLC grew its stake 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 valued at $58,000 after purchasing an additional 1,166 shares in the last quarter. Hedge funds and other institutional investors own 88.76% of the company’s stock.

Insider Activity at Ally Financial

In other news, insider Stephanie N. Richard sold 5,000 shares of the company’s stock in a transaction that occurred on Friday, May 15th. The stock was sold at an average price of $42.14, for a total transaction of $210,700.00. Following the completion of the transaction, the insider directly owned 93,927 shares of the company’s stock, valued at approximately $3,958,083.78. This represents a 5.05% 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 the SEC website. Company insiders own 0.46% of the company’s stock.

Analyst Ratings Changes

Several research firms have issued reports on ALLY. Bank of America lifted their price objective on Ally Financial from $52.00 to $53.00 and gave the stock a “buy” rating in a report on Wednesday, July 8th. Royal Bank Of Canada increased their target price on Ally Financial from $52.00 to $55.00 and gave the company an “outperform” rating in a research note on Friday, July 10th. Citigroup decreased 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. Barclays lifted their price target on shares of Ally Financial from $54.00 to $56.00 and gave the stock an “equal weight” rating in a research note on Monday, April 20th. Finally, Evercore reaffirmed an “outperform” rating and issued a $54.00 price target on shares of Ally Financial in a report on Tuesday, April 21st. Fourteen investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $53.79.

Get Our Latest Analysis on ALLY

Ally Financial Trading Down 2.4%

Ally Financial stock opened at $44.42 on Wednesday. Ally Financial Inc. has a 1 year low of $35.92 and a 1 year high of $47.29. The firm’s 50-day moving average is $44.19 and its 200-day moving average is $42.63. The company has a debt-to-equity ratio of 1.31, a quick ratio of 0.93 and a current ratio of 0.93. The company has a market cap of $13.62 billion, a P/E ratio of 10.83, a PEG ratio of 0.26 and a beta of 1.09.

Ally Financial (NYSE:ALLYGet Free Report) last announced its quarterly earnings data 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 business had revenue of $2.28 billion for the quarter, compared to the consensus estimate of $2.22 billion. Ally Financial had a net margin of 16.47% and a return on equity of 11.41%. Ally Financial’s quarterly revenue was up 9.8% on a year-over-year basis. During the same period in the prior year, the company earned $0.99 EPS. On average, equities analysts expect that Ally Financial Inc. will post 5.32 earnings per share for the current year.

Ally Financial Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, August 14th. Shareholders of record on Friday, July 31st will be paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 2.7%. The ex-dividend date is Friday, July 31st. Ally Financial’s payout ratio is presently 29.27%.

Trending Headlines about Ally Financial

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Ally Financial Profile

(Free Report)

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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Institutional Ownership by Quarter for Ally Financial (NYSE:ALLY)

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