Versor Investments LP Acquires 21,559 Shares of Ally Financial Inc. $ALLY

Versor Investments LP increased its holdings in shares of Ally Financial Inc. (NYSE:ALLY) by 165.8% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 34,559 shares of the financial services provider’s stock after acquiring an additional 21,559 shares during the period. Versor Investments LP’s holdings in Ally Financial were worth $1,565,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Chung Wu Investment Group LLC grew its position in Ally Financial by 224.1% during the 3rd quarter. Chung Wu Investment Group LLC now owns 38,890 shares of the financial services provider’s stock worth $1,524,000 after acquiring an additional 26,890 shares during the last quarter. NewSquare Capital LLC boosted its position in Ally Financial by 21,520.9% in the 3rd quarter. NewSquare Capital LLC now owns 27,891 shares of the financial services provider’s stock valued at $1,093,000 after buying an additional 27,762 shares during the last quarter. Dynamic Technology Lab Private Ltd bought a new position in Ally Financial in the 3rd quarter valued at $1,194,000. Prana Capital Management LP boosted its position in Ally Financial by 177.3% in the 3rd quarter. Prana Capital Management LP now owns 178,762 shares of the financial services provider’s stock valued at $7,007,000 after buying an additional 114,305 shares during the last quarter. Finally, Principal Financial Group Inc. boosted its position in Ally Financial by 7.5% in the 3rd quarter. Principal Financial Group Inc. now owns 674,471 shares of the financial services provider’s stock valued at $26,439,000 after buying an additional 47,184 shares during the last quarter. 88.76% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on ALLY. Wall Street Zen upgraded Ally Financial from a “hold” rating to a “buy” rating in a research report on Monday. Weiss Ratings upgraded Ally Financial from a “hold (c+)” rating to a “buy (b)” rating in a research report on Wednesday, May 6th. Truist Financial set a $54.00 price objective on Ally Financial in a research report on Tuesday, April 21st. Evercore reiterated an “outperform” rating and issued a $54.00 price objective on shares of Ally Financial in a research report on Tuesday, April 21st. Finally, JPMorgan Chase & Co. decreased their price objective on Ally Financial from $48.00 to $46.00 and set an “overweight” rating on the stock in a research report on Thursday, April 9th. Fourteen research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $54.14.

Insider Buying and Selling

In related news, insider Douglas R. Timmerman sold 39,675 shares of the firm’s stock in a transaction on Friday, April 17th. The stock was sold at an average price of $45.17, for a total transaction of $1,792,119.75. Following the sale, the insider owned 477,627 shares of the company’s stock, valued at approximately $21,574,411.59. This trade represents a 7.67% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 0.46% of the company’s stock.

Ally Financial Stock Performance

ALLY stock opened at $42.68 on Tuesday. The business’s fifty day moving average is $40.87 and its 200-day moving average is $41.80. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 1.31. The company has a market cap of $13.08 billion, a P/E ratio of 10.41, a price-to-earnings-growth ratio of 0.27 and a beta of 1.12. Ally Financial Inc. has a twelve month low of $32.50 and a twelve month high of $47.27.

Ally Financial (NYSE:ALLY) last posted its quarterly earnings results on Friday, April 17th. The financial services provider reported $1.11 earnings per share for the quarter, beating analysts’ consensus estimates of $0.93 by $0.18. The company had revenue of $2.18 billion for the quarter, compared to the consensus estimate of $2.14 billion. Ally Financial had a return on equity of 11.41% and a net margin of 16.47%.The firm’s quarterly revenue was up 36.4% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.58 EPS. Equities research analysts forecast that Ally Financial Inc. will post 5.3 EPS for the current year.

Ally Financial Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 15th. Investors of record on Friday, May 1st will be paid a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 2.8%. The ex-dividend date of this dividend is Friday, May 1st. Ally Financial’s dividend payout ratio (DPR) is presently 29.27%.

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.