Strs Ohio Purchases Shares of 37,749 Ally Financial Inc. $ALLY

Strs Ohio purchased a new stake in Ally Financial Inc. (NYSE:ALLY) in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 37,749 shares of the financial services provider’s stock, valued at approximately $1,377,000.

A number of other hedge funds also recently made changes to their positions in ALLY. WPG Advisers LLC bought a new stake in shares of Ally Financial during the 1st quarter worth $25,000. Copia Wealth Management bought a new stake in Ally Financial in the first quarter worth $27,000. SVB Wealth LLC purchased a new position in shares of Ally Financial in the first quarter valued at about $27,000. Private Trust Co. NA increased its position in shares of Ally Financial by 125.7% in the first quarter. Private Trust Co. NA now owns 914 shares of the financial services provider’s stock valued at $33,000 after acquiring an additional 509 shares during the period. Finally, Bessemer Group Inc. increased its position in shares of Ally Financial by 59.6% in the first quarter. Bessemer Group Inc. now owns 1,010 shares of the financial services provider’s stock valued at $37,000 after acquiring an additional 377 shares during the period. 88.76% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the stock. BTIG Research upgraded shares of Ally Financial from a “sell” rating to a “neutral” rating in a research report on Monday, July 14th. JPMorgan Chase & Co. upped their target price on shares of Ally Financial from $44.00 to $45.00 and gave the stock an “overweight” rating in a research note on Monday, July 21st. Wall Street Zen upgraded shares of Ally Financial from a “sell” rating to a “hold” rating in a research report on Friday, May 23rd. Truist Financial raised their price objective on shares of Ally Financial from $44.00 to $45.00 and gave the company a “buy” rating in a research report on Thursday, July 24th. Finally, Citigroup raised their target price on shares of Ally Financial from $59.00 to $70.00 and gave the company a “buy” rating in a research note on Monday. Nine equities research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $44.40.

Ally Financial Stock Performance

NYSE:ALLY opened at $43.96 on Thursday. The company has a debt-to-equity ratio of 1.30, a quick ratio of 0.92 and a current ratio of 0.92. The company has a fifty day moving average of $39.72 and a two-hundred day moving average of $36.75. The stock has a market capitalization of $13.53 billion, a PE ratio of 28.55, a P/E/G ratio of 0.34 and a beta of 1.14. Ally Financial Inc. has a fifty-two week low of $29.52 and a fifty-two week high of $44.71.

Ally Financial (NYSE:ALLY) last posted its quarterly earnings data on Friday, July 18th. The financial services provider reported $0.99 earnings per share for the quarter, topping analysts’ consensus estimates of $0.78 by $0.21. The company had revenue of $2.08 billion during the quarter, compared to analysts’ expectations of $2.03 billion. Ally Financial had a net margin of 7.64% and a return on equity of 9.48%. The firm’s revenue for the quarter was up 3.0% on a year-over-year basis. During the same period in the prior year, the business posted $0.97 earnings per share. As a group, research analysts forecast that Ally Financial Inc. will post 3.57 earnings per share for the current fiscal year.

Ally Financial Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, August 15th. Stockholders of record on Friday, August 1st were given a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.7%. The ex-dividend date was Friday, August 1st. Ally Financial’s dividend payout ratio is 77.92%.

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.