GAMMA Investing LLC Grows Position in Ally Financial Inc. $ALLY

GAMMA Investing LLC grew its position in shares of Ally Financial Inc. (NYSE:ALLY) by 46.3% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 4,821 shares of the financial services provider’s stock after acquiring an additional 1,526 shares during the quarter. GAMMA Investing LLC’s holdings in Ally Financial were worth $188,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in ALLY. Sweeney & Michel LLC purchased a new position in Ally Financial during the second quarter worth about $259,000. BTC Capital Management Inc. lifted its position in shares of Ally Financial by 53.3% during the 2nd quarter. BTC Capital Management Inc. now owns 19,583 shares of the financial services provider’s stock worth $763,000 after buying an additional 6,812 shares in the last quarter. Diversified Trust Co purchased a new position in shares of Ally Financial in the 2nd quarter worth approximately $902,000. Assenagon Asset Management S.A. boosted its stake in shares of Ally Financial by 6,675.1% in the 2nd quarter. Assenagon Asset Management S.A. now owns 1,243,773 shares of the financial services provider’s stock worth $48,445,000 after buying an additional 1,225,415 shares during the last quarter. Finally, Fulton Bank N.A. grew its holdings in shares of Ally Financial by 1.3% in the second quarter. Fulton Bank N.A. now owns 19,888 shares of the financial services provider’s stock valued at $775,000 after acquiring an additional 260 shares in the last quarter. Institutional investors own 88.76% of the company’s stock.

Ally Financial Trading Down 1.6%

Shares of ALLY opened at $40.18 on Monday. Ally Financial Inc. has a fifty-two week low of $29.52 and a fifty-two week high of $44.83. The business has a 50-day moving average of $40.08 and a 200 day moving average of $37.19. The firm has a market cap of $12.37 billion, a P/E ratio of 26.09, a price-to-earnings-growth ratio of 0.31 and a beta of 1.13. The company has a debt-to-equity ratio of 1.30, a quick ratio of 0.92 and a current ratio of 0.92.

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

Ally Financial Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 15th. Investors of record on Friday, August 1st were issued a $0.30 dividend. The ex-dividend date of this dividend was Friday, August 1st. This represents a $1.20 annualized dividend and a yield of 3.0%. Ally Financial’s dividend payout ratio (DPR) is 77.92%.

Analyst Ratings Changes

ALLY has been the topic of several research analyst reports. Citigroup boosted their price objective on Ally Financial from $59.00 to $70.00 and gave the stock a “buy” rating in a research report on Monday, September 15th. Royal Bank Of Canada reissued an “outperform” rating on shares of Ally Financial in a report on Monday, July 14th. BTIG Research upgraded shares of Ally Financial from a “sell” rating to a “neutral” rating in a research report on Monday, July 14th. Evercore ISI raised their price objective on shares of Ally Financial from $42.00 to $45.00 and gave the stock an “in-line” rating in a report on Tuesday, September 23rd. Finally, Wells Fargo & Company upgraded shares of Ally Financial from an “underweight” rating to an “equal weight” rating and boosted their target price for the company from $37.00 to $45.00 in a research note on Tuesday, September 2nd. Nine equities research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $45.43.

Ally Financial 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.