Trail Ridge Investment Advisors LLC Invests $712,000 in Ally Financial Inc. $ALLY

Trail Ridge Investment Advisors LLC bought a new stake in Ally Financial Inc. (NYSE:ALLY) in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 15,502 shares of the financial services provider’s stock, valued at approximately $712,000.

Several other hedge funds have also modified their holdings of ALLY. BlackRock Inc. acquired a new stake in Ally Financial in the second quarter valued at approximately $1,315,659,000. Donald Smith & CO. Inc. purchased a new position in shares of Ally Financial in the second quarter valued at $172,509,000. Norges Bank acquired a new stake in Ally Financial during the 4th quarter valued at $157,610,000. Wellington Management Group LLP grew its holdings in Ally Financial by 19.5% during the 4th quarter. Wellington Management Group LLP now owns 14,271,290 shares of the financial services provider’s stock valued at $646,347,000 after purchasing an additional 2,332,610 shares in the last quarter. Finally, Bank of New York Mellon Corp purchased a new stake in Ally Financial during the 2nd quarter worth $103,930,000. 88.76% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

ALLY has been the subject of a number of analyst reports. Wells Fargo & Company upped their price objective on shares of Ally Financial from $52.00 to $55.00 and gave the company an “overweight” rating in a research report on Friday, June 26th. Royal Bank Of Canada boosted their price target on Ally Financial from $52.00 to $55.00 and gave the stock an “outperform” rating in a research note on Friday, July 10th. Citigroup reduced their price target on Ally Financial from $70.00 to $58.00 and set a “buy” rating for the company in a report on Tuesday, June 23rd. Wall Street Zen lowered Ally Financial from a “buy” rating to a “hold” rating in a research note on Monday, June 8th. Finally, Bank of America upped their target price on Ally Financial from $52.00 to $53.00 and gave the company a “buy” rating in a research report on Wednesday, July 8th. Fourteen research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $53.64.

Ally Financial Stock Down 1.1%

NYSE:ALLY opened at $42.45 on Tuesday. 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 company has a market capitalization of $12.91 billion, a price-to-earnings ratio of 10.01, a price-to-earnings-growth ratio of 0.27 and a beta of 1.10. Ally Financial Inc. has a one year low of $35.92 and a one year high of $47.29. The stock has a 50-day simple moving average of $44.76 and a 200 day simple moving average of $42.64.

Ally Financial (NYSE:ALLY) last released its 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 for the quarter, compared to the consensus estimate of $2.22 billion. Ally Financial had a return on equity of 11.75% and a net margin of 16.75%.The company’s quarterly revenue was up 9.8% on a year-over-year basis. During the same period in the prior year, the business earned $0.99 EPS. Sell-side analysts predict that Ally Financial Inc. will post 5.19 EPS for the current fiscal year.

Ally Financial Announces Dividend

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

Insider Activity 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 Tuesday, August 4th. The stock was sold at an average price of $44.23, for a total value of $221,150.00. Following the sale, the insider owned 88,927 shares of the company’s stock, valued at approximately $3,933,241.21. This trade represents a 5.32% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 0.46% of the company’s stock.

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.