Ally Financial Inc. $ALLY Shares Purchased by SummitTX Capital L.P.

SummitTX Capital L.P. raised its position in Ally Financial Inc. (NYSE:ALLY) by 48.0% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 45,294 shares of the financial services provider’s stock after buying an additional 14,698 shares during the period. SummitTX Capital L.P.’s holdings in Ally Financial were worth $1,777,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of ALLY. SJS Investment Consulting Inc. lifted its stake in shares of Ally Financial by 30.8% in the first quarter. SJS Investment Consulting Inc. now owns 1,019 shares of the financial services provider’s stock worth $40,000 after acquiring an additional 240 shares in the last quarter. Fifth Third Wealth Advisors LLC grew its stake in Ally Financial by 3.1% during the 1st quarter. Fifth Third Wealth Advisors LLC now owns 8,010 shares of the financial services provider’s stock valued at $314,000 after purchasing an additional 243 shares in the last quarter. Brown Brothers Harriman & Co. increased its holdings in Ally Financial by 31.5% during the 4th quarter. Brown Brothers Harriman & Co. now owns 1,052 shares of the financial services provider’s stock worth $48,000 after purchasing an additional 252 shares during the last quarter. Triumph Capital Management raised its position in shares of Ally Financial by 9.2% in the 4th quarter. Triumph Capital Management now owns 3,133 shares of the financial services provider’s stock valued at $142,000 after purchasing an additional 265 shares in the last quarter. Finally, Larson Financial Group LLC raised its position in shares of Ally Financial by 25.0% in the 4th quarter. Larson Financial Group LLC now owns 1,340 shares of the financial services provider’s stock valued at $61,000 after purchasing an additional 268 shares in the last quarter. 88.76% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Ally Financial

In related news, insider Stephanie N. Richard sold 5,000 shares of the firm’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 value of $210,700.00. Following the sale, the insider directly owned 93,927 shares in the company, valued at $3,958,083.78. This trade represents a 5.05% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.46% of the stock is owned by company insiders.

Ally Financial Stock Performance

ALLY stock opened at $42.99 on Thursday. The company has a debt-to-equity ratio of 1.26, a quick ratio of 0.92 and a current ratio of 0.92. The stock has a market capitalization of $13.08 billion, a price-to-earnings ratio of 10.14, a PEG ratio of 0.27 and a beta of 1.09. Ally Financial Inc. has a 1 year low of $35.92 and a 1 year high of $47.29. The stock’s fifty day moving average is $44.40 and its two-hundred day moving average is $42.53.

Ally Financial (NYSE:ALLY) last released 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 firm had revenue of $2.28 billion during the quarter, compared to analyst estimates of $2.22 billion. Ally Financial had a return on equity of 11.75% and a net margin of 16.75%.The firm’s revenue was up 9.8% on a year-over-year basis. During the same period last year, the business earned $0.99 EPS. On average, research analysts predict that Ally Financial Inc. will post 5.19 EPS for the current year.

Ally Financial Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 14th. Stockholders of record on Friday, July 31st will be given a dividend of $0.30 per share. The ex-dividend date is Friday, July 31st. This represents a $1.20 annualized dividend and a dividend yield of 2.8%. Ally Financial’s payout ratio is currently 28.30%.

Analyst Ratings Changes

ALLY has been the subject of a number of recent analyst reports. 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. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a $58.00 price objective on shares of Ally Financial in a report on Wednesday, July 22nd. Truist Financial set a $54.00 target price on shares of Ally Financial in a research note on Tuesday, April 21st. Royal Bank Of Canada increased their price target on shares of Ally Financial from $52.00 to $55.00 and gave the stock an “outperform” rating in a research report on Friday, July 10th. Finally, Morgan Stanley lifted their price target on Ally Financial from $53.00 to $55.00 and gave the stock an “overweight” rating in a research note on Monday, April 20th. Fourteen research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, Ally Financial currently has a consensus rating of “Moderate Buy” and a consensus price target of $53.86.

About Ally Financial

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.