Governors Lane LP Grows Stock Holdings in Ally Financial Inc. $ALLY

Governors Lane LP grew its holdings in shares of Ally Financial Inc. (NYSE:ALLY) by 112.7% in the 4th quarter, Holdings Channel.com reports. The firm owned 459,482 shares of the financial services provider’s stock after acquiring an additional 243,450 shares during the period. Ally Financial makes up approximately 1.2% of Governors Lane LP’s portfolio, making the stock its 14th largest holding. Governors Lane LP’s holdings in Ally Financial were worth $20,810,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Royal Bank of Canada increased its position 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 increased its position in shares of Ally Financial by 22.8% during the first quarter. NewEdge Advisors LLC now owns 2,235 shares of the financial services provider’s stock valued at $82,000 after acquiring an additional 415 shares in the last quarter. Empowered Funds LLC increased its position in shares of Ally Financial by 11.1% during the first quarter. Empowered Funds LLC now owns 12,900 shares of the financial services provider’s stock valued at $470,000 after acquiring an additional 1,292 shares in the last quarter. Focus Partners Wealth bought a new stake in shares of Ally Financial during the first quarter valued at approximately $259,000. Finally, EverSource Wealth Advisors LLC increased its position in shares of Ally Financial by 374.9% during the second quarter. EverSource Wealth Advisors LLC now owns 1,477 shares of the financial services provider’s stock valued at $58,000 after acquiring an additional 1,166 shares in the last quarter. 88.76% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, insider Stephanie N. Richard sold 5,000 shares of the business’s stock in a transaction on Friday, May 15th. The shares were sold at an average price of $42.14, for a total transaction of $210,700.00. Following the completion of the sale, the insider owned 93,927 shares of the company’s stock, valued at $3,958,083.78. The trade was a 5.05% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Douglas R. Timmerman sold 39,675 shares of the business’s stock in a transaction on Friday, April 17th. The shares were sold at an average price of $45.17, for a total transaction of $1,792,119.75. Following the sale, the insider directly owned 477,627 shares of the company’s stock, valued at approximately $21,574,411.59. The trade was a 7.67% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 0.46% of the company’s stock.

Ally Financial Trading Down 0.5%

NYSE:ALLY opened at $45.44 on Thursday. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 1.31. Ally Financial Inc. has a 12 month low of $35.92 and a 12 month high of $47.27. The company has a market cap of $13.93 billion, a PE ratio of 11.08, a price-to-earnings-growth ratio of 0.28 and a beta of 1.10. The company has a 50 day simple moving average of $43.14 and a two-hundred day simple moving average of $42.41.

Ally Financial (NYSE:ALLY) last posted its earnings results on Friday, April 17th. The financial services provider reported $1.11 EPS for the quarter, topping analysts’ consensus estimates of $0.93 by $0.18. Ally Financial had a net margin of 16.47% and a return on equity of 11.41%. The business had revenue of $2.18 billion during the quarter, compared to the consensus estimate of $2.14 billion. During the same quarter in the previous year, the firm posted $0.58 EPS. The firm’s revenue was up 36.4% on a year-over-year basis. Research analysts forecast that Ally Financial Inc. will post 5.28 earnings per share for the current year.

Ally Financial Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, May 15th. Shareholders of record on Friday, May 1st were given a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 2.6%. The ex-dividend date of this dividend was Friday, May 1st. Ally Financial’s payout ratio is 29.27%.

Analyst Ratings Changes

Several equities research analysts recently weighed in on ALLY shares. Morgan Stanley raised their price target on shares of Ally Financial from $53.00 to $55.00 and gave the company an “overweight” rating in a research report on Monday, April 20th. JPMorgan Chase & Co. reduced their price target on shares of Ally Financial from $48.00 to $46.00 and set an “overweight” rating for the company in a research report on Thursday, April 9th. Wall Street Zen downgraded shares of Ally Financial from a “buy” rating to a “hold” rating in a research report on Monday, June 8th. Barclays raised their price target on shares of Ally Financial from $54.00 to $56.00 and gave the company an “equal weight” rating in a research report on Monday, April 20th. Finally, Weiss Ratings downgraded shares of Ally Financial from a “buy (b)” rating to a “buy (b-)” rating in a research report on Tuesday, May 26th. 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, Ally Financial currently has a consensus rating of “Moderate Buy” and an average target price of $54.14.

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.