Charles Schwab Investment Management Inc. Acquires 72,444 Shares of Ally Financial Inc. $ALLY

Charles Schwab Investment Management Inc. increased its stake in Ally Financial Inc. (NYSE:ALLY) by 3.1% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,384,980 shares of the financial services provider’s stock after acquiring an additional 72,444 shares during the quarter. Charles Schwab Investment Management Inc. owned 0.77% of Ally Financial worth $92,895,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the stock. Avantax Advisory Services Inc. boosted its position in shares of Ally Financial by 12.2% during the 1st quarter. Avantax Advisory Services Inc. now owns 6,516 shares of the financial services provider’s stock worth $238,000 after purchasing an additional 708 shares in the last quarter. Cetera Investment Advisers raised its stake in Ally Financial by 11.7% during the 1st quarter. Cetera Investment Advisers now owns 59,592 shares of the financial services provider’s stock worth $2,173,000 after buying an additional 6,228 shares during the period. HB Wealth Management LLC raised its stake in Ally Financial by 10.4% during the 1st quarter. HB Wealth Management LLC now owns 6,968 shares of the financial services provider’s stock worth $254,000 after buying an additional 657 shares during the period. LPL Financial LLC boosted its holdings in Ally Financial by 33.5% in the first quarter. LPL Financial LLC now owns 140,047 shares of the financial services provider’s stock worth $5,108,000 after acquiring an additional 35,144 shares in the last quarter. Finally, XTX Topco Ltd acquired a new stake in Ally Financial in the first quarter valued at approximately $637,000. Institutional investors and hedge funds own 88.76% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on ALLY. Truist Financial upped their target price on Ally Financial from $45.00 to $47.00 and gave the stock a “buy” rating in a research report on Monday, October 20th. Cowen upgraded shares of Ally Financial from a “hold” rating to a “buy” rating in a report on Monday, October 20th. Wall Street Zen cut shares of Ally Financial from a “buy” rating to a “hold” rating in a report on Sunday, November 9th. Keefe, Bruyette & Woods decreased their target price on shares of Ally Financial from $56.00 to $51.00 and set an “outperform” rating for the company in a research report on Wednesday, October 1st. Finally, Weiss Ratings restated a “buy (b-)” rating on shares of Ally Financial in a report on Tuesday. Twelve equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat.com, Ally Financial currently has a consensus rating of “Moderate Buy” and a consensus target price of $45.67.

Ally Financial Trading Up 0.4%

NYSE:ALLY opened at $41.30 on Friday. The company has a debt-to-equity ratio of 1.31, a quick ratio of 0.92 and a current ratio of 0.92. The firm has a market cap of $12.72 billion, a price-to-earnings ratio of 24.88, a price-to-earnings-growth ratio of 0.28 and a beta of 1.21. Ally Financial Inc. has a 52 week low of $29.52 and a 52 week high of $44.83. The firm has a 50-day moving average price of $39.78 and a two-hundred day moving average price of $38.99.

Ally Financial (NYSE:ALLY) last posted its earnings results on Monday, July 28th. The financial services provider reported $0.99 EPS for the quarter. The firm had revenue of $2.06 billion for the quarter. Ally Financial had a net margin of 8.10% and a return on equity of 9.96%. On average, equities analysts expect that Ally Financial Inc. will post 3.57 earnings per share for the current fiscal year.

Ally Financial Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 14th. Shareholders of record on Friday, October 31st were paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 2.9%. The ex-dividend date was Friday, October 31st. Ally Financial’s dividend payout ratio is 72.29%.

Insider Activity

In other news, insider Kathleen L. Patterson sold 29,000 shares of Ally Financial stock in a transaction on Wednesday, October 22nd. The stock was sold at an average price of $40.86, for a total transaction of $1,184,940.00. Following the sale, the insider directly owned 100,203 shares in the company, valued at $4,094,294.58. The trade was a 22.45% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.67% of the stock is currently owned by corporate insiders.

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.