Arrowstreet Capital Limited Partnership Has $210.35 Million Position in Ally Financial Inc. $ALLY

Arrowstreet Capital Limited Partnership raised its stake in Ally Financial Inc. (NYSE:ALLY) by 39.3% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,400,560 shares of the financial services provider’s stock after acquiring an additional 1,523,425 shares during the quarter. Arrowstreet Capital Limited Partnership owned about 1.75% of Ally Financial worth $210,352,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. WPG Advisers LLC bought a new position in Ally Financial in the first quarter valued at approximately $25,000. SVB Wealth LLC acquired a new position in shares of Ally Financial during the first quarter worth about $27,000. Allworth Financial LP raised its holdings in shares of Ally Financial by 385.2% in the second quarter. Allworth Financial LP now owns 752 shares of the financial services provider’s stock valued at $29,000 after purchasing an additional 597 shares during the last quarter. Hantz Financial Services Inc. boosted its stake in shares of Ally Financial by 662.0% during the 2nd quarter. Hantz Financial Services Inc. now owns 823 shares of the financial services provider’s stock worth $32,000 after buying an additional 715 shares during the last quarter. Finally, Westside Investment Management Inc. increased its position in shares of Ally Financial by 116.8% during the 2nd quarter. Westside Investment Management Inc. now owns 837 shares of the financial services provider’s stock worth $34,000 after purchasing an additional 451 shares during the last quarter. 88.76% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other Ally Financial news, insider Kathleen L. Patterson sold 29,000 shares of Ally Financial stock in a transaction that occurred on Wednesday, October 22nd. The shares were sold at an average price of $40.86, for a total transaction of $1,184,940.00. Following the completion of 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 ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.56% of the stock is owned by corporate insiders.

Ally Financial Price Performance

Shares of NYSE ALLY opened at $41.16 on Wednesday. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 1.31. The firm has a market cap of $12.68 billion, a price-to-earnings ratio of 24.79, a price-to-earnings-growth ratio of 0.28 and a beta of 1.22. Ally Financial Inc. has a 1-year low of $29.52 and a 1-year high of $44.83. The stock has a fifty day simple moving average of $39.71 and a two-hundred day simple moving average of $39.10.

Ally Financial (NYSE:ALLY) last posted its quarterly earnings results on Monday, July 28th. The financial services provider reported $0.99 earnings per share (EPS) for the quarter. The company 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%. Analysts anticipate that Ally Financial Inc. will post 3.57 earnings per share for the current year.

Ally Financial Dividend Announcement

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

Analysts Set New Price Targets

ALLY has been the topic of a number of recent analyst reports. Morgan Stanley boosted their price target on Ally Financial from $47.00 to $52.00 and gave the stock an “overweight” rating in a research report on Monday, September 29th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Ally Financial in a research note on Monday. Wells Fargo & Company raised Ally Financial from an “underweight” rating to an “equal weight” rating and boosted their price target for the stock from $37.00 to $45.00 in a report on Tuesday, September 2nd. TD Cowen raised Ally Financial from a “hold” rating to a “buy” rating and lifted their price target for the company from $43.00 to $50.00 in a research note on Monday, October 20th. Finally, Truist Financial raised their price objective on Ally Financial from $45.00 to $47.00 and gave the stock a “buy” rating in a research report on Monday, October 20th. Twelve research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $45.67.

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.