Centaurus Financial Inc. Invests $1.17 Million in Ally Financial Inc. $ALLY

Centaurus Financial Inc. acquired a new position in shares of Ally Financial Inc. (NYSE:ALLY) in the 2nd quarter, HoldingsChannel reports. The fund acquired 25,429 shares of the financial services provider’s stock, valued at approximately $1,168,000.

Other institutional investors have also recently bought and sold shares of the company. Tocqueville Asset Management L.P. bought a new position in Ally Financial in the 2nd quarter worth approximately $17,613,000. State of Wyoming acquired a new stake in Ally Financial during the second quarter worth about $3,195,000. Intech Investment Management LLC acquired a new stake in Ally Financial during the fourth quarter worth about $3,926,000. Geode Capital Management LLC increased its stake in Ally Financial by 4.7% during the fourth quarter. Geode Capital Management LLC now owns 5,381,838 shares of the financial services provider’s stock valued at $243,795,000 after acquiring an additional 241,000 shares during the period. Finally, Qsemble Capital Management LP increased its stake in Ally Financial by 136.0% during the fourth quarter. Qsemble Capital Management LP now owns 159,744 shares of the financial services provider’s stock valued at $7,235,000 after acquiring an additional 92,043 shares during the period. Institutional investors own 88.76% of the company’s stock.

Ally Financial Trading Up 0.6%

Shares of Ally Financial stock opened at $42.82 on Friday. The stock has a market capitalization of $13.02 billion, a P/E ratio of 10.10, a price-to-earnings-growth ratio of 0.26 and a beta of 1.10. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 1.26. The company has a 50-day simple moving average of $44.59 and a 200 day simple moving average of $42.64. Ally Financial Inc. has a 12-month low of $35.92 and a 12-month high of $47.29.

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

Ally Financial Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, August 14th. Stockholders of record on Friday, July 31st were paid a $0.30 dividend. The ex-dividend date was Friday, July 31st. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.8%. Ally Financial’s payout ratio is 28.30%.

Insider Activity at Ally Financial

In other news, insider Stephanie N. Richard sold 5,000 shares of the business’s stock in a transaction that occurred on Tuesday, August 4th. The stock was sold at an average price of $44.23, for a total value of $221,150.00. Following the transaction, the insider directly owned 88,927 shares of the company’s stock, valued at $3,933,241.21. The trade was a 5.32% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.46% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on ALLY. Wall Street Zen downgraded Ally Financial from a “buy” rating to a “hold” rating in a research report on Monday, June 8th. Wells Fargo & Company raised their target price on Ally Financial from $52.00 to $55.00 and gave the stock an “overweight” rating in a research report on Friday, June 26th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a $58.00 price target on shares of Ally Financial in a research note on Wednesday, July 22nd. Bank of America raised their price objective on shares of Ally Financial from $52.00 to $53.00 and gave the stock a “buy” rating in a report on Wednesday, July 8th. Finally, Citigroup lowered their target price on shares of Ally Financial from $70.00 to $58.00 and set a “buy” rating on the stock 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’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $53.64.

Ally Financial Company 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.