Oldfield Partners LLP Buys 2,100 Shares of Ally Financial Inc. $ALLY

Oldfield Partners LLP boosted its stake in Ally Financial Inc. (NYSE:ALLY) by 8.4% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 27,200 shares of the financial services provider’s stock after acquiring an additional 2,100 shares during the period. Ally Financial accounts for 0.4% of Oldfield Partners LLP’s investment portfolio, making the stock its 14th largest holding. Oldfield Partners LLP’s holdings in Ally Financial were worth $1,059,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Dimensional Fund Advisors LP lifted its position in shares of Ally Financial by 1.5% in the 1st quarter. Dimensional Fund Advisors LP now owns 8,797,505 shares of the financial services provider’s stock worth $320,855,000 after purchasing an additional 134,113 shares during the period. Wellington Management Group LLP bought a new position in Ally Financial during the first quarter worth $253,881,000. Jacobs Levy Equity Management Inc. lifted its holdings in Ally Financial by 10.9% in the first quarter. Jacobs Levy Equity Management Inc. now owns 4,658,877 shares of the financial services provider’s stock valued at $169,909,000 after buying an additional 456,698 shares during the period. First Manhattan CO. LLC. boosted its position in Ally Financial by 0.8% during the first quarter. First Manhattan CO. LLC. now owns 4,258,760 shares of the financial services provider’s stock valued at $155,317,000 after acquiring an additional 32,121 shares during the last quarter. Finally, Millennium Management LLC raised its position in shares of Ally Financial by 234.7% in the 1st quarter. Millennium Management LLC now owns 3,752,066 shares of the financial services provider’s stock worth $136,838,000 after acquiring an additional 2,630,981 shares in the last quarter. Institutional investors and hedge funds own 88.76% of the company’s stock.

Insider Transactions at Ally Financial

In other news, insider Kathleen L. Patterson sold 29,000 shares of the firm’s stock in a transaction on Wednesday, October 22nd. The stock was sold at an average price of $40.86, for a total transaction of $1,184,940.00. Following the completion of the sale, the insider directly owned 100,203 shares of the company’s stock, valued at $4,094,294.58. This trade represents a 22.45% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 0.67% of the stock is owned by company insiders.

Ally Financial Price Performance

Shares of NYSE:ALLY opened at $39.24 on Friday. The stock’s fifty day simple moving average is $40.62 and its two-hundred day simple moving average is $38.33. The stock has a market cap of $12.09 billion, a PE ratio of 23.64, a price-to-earnings-growth ratio of 0.29 and a beta of 1.21. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 1.31. Ally Financial Inc. has a 1-year low of $29.52 and a 1-year high of $44.83.

Ally Financial (NYSE:ALLY) last issued its quarterly earnings data on Monday, July 28th. The financial services provider reported $0.99 earnings per share (EPS) for the quarter. Ally Financial had a net margin of 8.10% and a return on equity of 9.96%. The business had revenue of $2.06 billion during the quarter. As a group, analysts forecast that Ally Financial Inc. will post 3.57 EPS for the current fiscal year.

Ally Financial Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 14th. Shareholders of record on Friday, October 31st will be given a $0.30 dividend. The ex-dividend date of this dividend is Friday, October 31st. This represents a $1.20 annualized dividend and a yield of 3.1%. Ally Financial’s payout ratio is currently 72.29%.

Analyst Ratings Changes

ALLY has been the topic of several recent analyst reports. Citigroup boosted their price target on Ally Financial from $59.00 to $70.00 and gave the company a “buy” rating in a research note on Monday, September 15th. Wells Fargo & Company upgraded shares of Ally Financial from an “underweight” rating to an “equal weight” rating and upped their price objective for the company from $37.00 to $45.00 in a report on Tuesday, September 2nd. Truist Financial raised their target price on Ally Financial from $45.00 to $47.00 and gave the company a “buy” rating in a research note on Monday, October 20th. TD Cowen upgraded Ally Financial from a “hold” rating to a “buy” rating and increased their price target for the stock from $43.00 to $50.00 in a report on Monday, October 20th. Finally, Keefe, Bruyette & Woods reduced their price objective on Ally Financial from $56.00 to $51.00 and set an “outperform” rating for the company in a research note on Wednesday, October 1st. Eleven research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $45.67.

Ally Financial Company Profile

Ally Financial Inc, a digital financial-services company, provides various digital financial products and services in the United States, Canada, and Bermuda. The company operates through Automotive Finance Operations, Insurance Operations, Mortgage Finance Operations, and Corporate Finance Operations segments.