Campbell & CO Investment Adviser LLC Lowers Position in Ally Financial Inc. $ALLY

Campbell & CO Investment Adviser LLC decreased its position in shares of Ally Financial Inc. (NYSE:ALLY) by 72.6% during the third quarter, according to its most recent filing with the SEC. The firm owned 17,004 shares of the financial services provider’s stock after selling 45,009 shares during the period. Campbell & CO Investment Adviser LLC’s holdings in Ally Financial were worth $667,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the company. Quent Capital LLC purchased a new stake in Ally Financial in the third quarter worth $118,000. First Horizon Corp bought a new stake in shares of Ally Financial during the 3rd quarter valued at $288,000. Meeder Asset Management Inc. grew its position in shares of Ally Financial by 19.7% in the 3rd quarter. Meeder Asset Management Inc. now owns 72,915 shares of the financial services provider’s stock worth $2,858,000 after buying an additional 11,985 shares during the period. SG Americas Securities LLC increased its stake in shares of Ally Financial by 180.7% in the 3rd quarter. SG Americas Securities LLC now owns 52,440 shares of the financial services provider’s stock worth $2,056,000 after acquiring an additional 33,758 shares in the last quarter. Finally, KLP Kapitalforvaltning AS increased its stake in shares of Ally Financial by 0.7% in the 3rd quarter. KLP Kapitalforvaltning AS now owns 57,700 shares of the financial services provider’s stock worth $2,262,000 after acquiring an additional 400 shares in the last quarter. Institutional investors own 88.76% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on ALLY shares. Barclays boosted their price objective on shares of Ally Financial from $44.00 to $54.00 and gave the stock an “equal weight” rating in a research note on Monday, January 5th. Weiss Ratings restated a “hold (c+)” rating on shares of Ally Financial in a research note on Monday, December 29th. TD Cowen lifted their price objective on Ally Financial from $50.00 to $55.00 and gave the company a “buy” rating in a research note on Thursday, January 8th. Truist Financial boosted their target price on Ally Financial from $47.00 to $51.00 and gave the stock a “buy” rating in a report on Monday, December 22nd. Finally, Evercore ISI raised Ally Financial from an “in-line” rating to an “outperform” rating and increased their target price for the stock from $48.00 to $53.00 in a research note on Tuesday, January 6th. Thirteen equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $49.44.

Ally Financial Stock Performance

Shares of ALLY opened at $42.43 on Wednesday. The company has a market cap of $13.07 billion, a price-to-earnings ratio of 25.56, a P/E/G ratio of 0.21 and a beta of 1.17. The business’s fifty day simple moving average is $43.27 and its two-hundred day simple moving average is $41.10. Ally Financial Inc. has a 12 month low of $29.52 and a 12 month high of $47.27. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 1.31.

Ally Financial announced that its Board of Directors has initiated a share repurchase plan on Wednesday, December 10th that authorizes the company to buyback $2.00 billion in outstanding shares. This buyback authorization authorizes the financial services provider to reacquire up to 15.3% of its shares through open market purchases. Shares buyback plans are generally an indication that the company’s leadership believes its stock is undervalued.

Ally Financial Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 17th. Investors of record on Monday, February 2nd will be issued a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 2.8%. The ex-dividend date is Monday, February 2nd. Ally Financial’s dividend payout ratio (DPR) is presently 72.29%.

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.