Aaron Wealth Advisors LLC Buys Shares of 14,536 Ally Financial Inc. $ALLY

Aaron Wealth Advisors LLC bought a new stake in Ally Financial Inc. (NYSE:ALLY) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 14,536 shares of the financial services provider’s stock, valued at approximately $658,000.

Other hedge funds have also recently made changes to their positions in the company. Royal Bank of Canada raised its stake in shares of Ally Financial by 106.5% during the 1st quarter. Royal Bank of Canada now owns 251,123 shares of the financial services provider’s stock valued at $9,158,000 after purchasing an additional 129,497 shares during the period. NewEdge Advisors LLC raised its stake in shares of Ally Financial by 22.8% during the 1st quarter. NewEdge Advisors LLC now owns 2,235 shares of the financial services provider’s stock valued at $82,000 after purchasing an additional 415 shares during the period. Empowered Funds LLC raised its stake in shares of Ally Financial by 11.1% during the 1st quarter. Empowered Funds LLC now owns 12,900 shares of the financial services provider’s stock valued at $470,000 after purchasing an additional 1,292 shares during the period. Focus Partners Wealth bought a new stake in shares of Ally Financial during the 1st quarter valued at $259,000. Finally, EverSource Wealth Advisors LLC raised its stake in shares of Ally Financial by 374.9% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,477 shares of the financial services provider’s stock valued at $58,000 after purchasing an additional 1,166 shares during the period. 88.76% of the stock is currently owned by institutional investors.

Insider Transactions at Ally Financial

In other news, CFO Russell E. Hutchinson acquired 11,566 shares of the business’s stock in a transaction dated Tuesday, January 27th. The stock was purchased at an average cost of $43.17 per share, for a total transaction of $499,304.22. Following the acquisition, the chief financial officer owned 225,336 shares of the company’s stock, valued at $9,727,755.12. This trade represents a 5.41% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Michael George Rhodes acquired 23,800 shares of the business’s stock in a transaction dated Friday, January 23rd. The stock was purchased at an average price of $41.68 per share, with a total value of $991,984.00. Following the completion of the acquisition, the chief executive officer directly owned 49,434 shares in the company, valued at approximately $2,060,409.12. This represents a 92.85% increase in their position. The disclosure for this purchase is available in the SEC filing. 0.46% of the stock is currently owned by corporate insiders.

Ally Financial Price Performance

Shares of NYSE ALLY opened at $41.79 on Friday. The firm has a market capitalization of $12.87 billion, a P/E ratio of 17.78, a P/E/G ratio of 0.21 and a beta of 1.14. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 1.30. The stock’s 50-day simple moving average is $40.01 and its two-hundred day simple moving average is $41.22. Ally Financial Inc. has a twelve month low of $29.91 and a twelve month high of $47.27.

Ally Financial (NYSE:ALLY) last announced its earnings results on Wednesday, January 21st. The financial services provider reported $1.09 earnings per share for the quarter, topping analysts’ consensus estimates of $1.01 by $0.08. The business had revenue of $2.17 billion for the quarter, compared to analyst estimates of $2.15 billion. Ally Financial had a return on equity of 10.40% and a net margin of 10.77%.The company’s quarterly revenue was up 4.8% compared to the same quarter last year. During the same period in the prior year, the company earned $0.78 EPS. As a group, equities analysts anticipate that Ally Financial Inc. will post 3.57 EPS for the current fiscal year.

Ally Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, February 17th. Stockholders of record on Monday, February 2nd were issued 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 Monday, February 2nd. Ally Financial’s dividend payout ratio is presently 51.06%.

Analyst Ratings Changes

A number of analysts recently issued reports on ALLY shares. The Goldman Sachs Group reiterated a “neutral” rating and set a $55.00 price objective on shares of Ally Financial in a research note on Tuesday, January 6th. Truist Financial decreased their price objective on Ally Financial from $51.00 to $50.00 and set a “buy” rating on the stock in a research note on Monday, January 26th. Morgan Stanley set a $53.00 price objective on Ally Financial and gave the company an “overweight” rating in a research note on Tuesday, December 16th. Deutsche Bank Aktiengesellschaft boosted their price objective on Ally Financial from $55.00 to $57.00 and gave the company a “buy” rating in a research note on Thursday, January 22nd. Finally, BTIG Research reiterated a “neutral” rating on shares of Ally Financial in a research note on Tuesday, January 6th. Eleven investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $53.38.

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.