Bank of New York Mellon Corp Acquires 13,278 Shares of Ally Financial Inc. $ALLY

Bank of New York Mellon Corp raised its holdings in shares of Ally Financial Inc. (NYSE:ALLYFree Report) by 0.6% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,350,673 shares of the financial services provider’s stock after buying an additional 13,278 shares during the quarter. Bank of New York Mellon Corp owned about 0.76% of Ally Financial worth $92,217,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the business. Mirae Asset Global Investments Co. Ltd. bought a new position in Ally Financial during the fourth quarter worth $29,000. Fideuram Asset Management Ireland dac bought a new stake in Ally Financial in the 4th quarter valued at $35,000. Safe Harbor Fiduciary LLC acquired a new stake in Ally Financial in the 4th quarter worth $37,000. Harvest Fund Management Co. Ltd acquired a new stake in Ally Financial in the 4th quarter worth $38,000. Finally, SJS Investment Consulting Inc. increased its holdings in shares of Ally Financial by 30.8% during the 1st quarter. SJS Investment Consulting Inc. now owns 1,019 shares of the financial services provider’s stock worth $40,000 after purchasing an additional 240 shares during the period. 88.76% of the stock is owned by institutional investors.

Insider Activity at Ally Financial

In other news, insider Stephanie N. Richard sold 5,000 shares of the firm’s stock in a transaction dated Friday, May 15th. The stock was sold at an average price of $42.14, for a total value of $210,700.00. Following the completion of the transaction, the insider owned 93,927 shares in the company, valued at $3,958,083.78. This trade represents a 5.05% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.46% of the stock is currently owned by corporate insiders.

Ally Financial News Summary

Here are the key news stories impacting Ally Financial this week:

Ally Financial Price Performance

Shares of ALLY opened at $44.42 on Wednesday. The stock has a market cap of $13.62 billion, a P/E ratio of 10.83, a price-to-earnings-growth ratio of 0.26 and a beta of 1.09. Ally Financial Inc. has a 1 year low of $35.92 and a 1 year high of $47.29. The stock’s 50-day moving average price is $44.19 and its two-hundred day moving average price is $42.63. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 1.31.

Ally Financial (NYSE:ALLYGet Free Report) last released its quarterly earnings data on Tuesday, July 21st. The financial services provider reported $1.21 EPS for the quarter, missing analysts’ consensus estimates of $1.22 by ($0.01). The firm had revenue of $2.28 billion during the quarter, compared to the consensus estimate of $2.22 billion. Ally Financial had a net margin of 16.47% and a return on equity of 11.41%. Ally Financial’s quarterly revenue was up 9.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.99 EPS. On average, equities analysts predict that Ally Financial Inc. will post 5.32 earnings per share for the current year.

Ally Financial Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 14th. Stockholders of record on Friday, July 31st will be issued a $0.30 dividend. The ex-dividend date is Friday, July 31st. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.7%. Ally Financial’s dividend payout ratio (DPR) is 29.27%.

Analyst Ratings Changes

Several equities analysts have commented on the company. Barclays upped their price target on Ally Financial from $54.00 to $56.00 and gave the company an “equal weight” rating in a report on Monday, April 20th. Citigroup decreased their price objective on Ally Financial from $70.00 to $58.00 and set a “buy” rating on the stock in a report on Tuesday, June 23rd. JPMorgan Chase & Co. cut their target price on Ally Financial from $48.00 to $46.00 and set an “overweight” rating for the company in a research note on Thursday, April 9th. Weiss Ratings raised shares of Ally Financial from a “buy (b-)” rating to a “buy (b)” rating in a report on Tuesday, June 23rd. Finally, The Goldman Sachs Group lifted their price objective on Ally Financial from $50.00 to $56.00 and gave the company a “buy” rating in a report on Monday, April 20th. Fourteen equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $53.79.

Check Out Our Latest Research Report on Ally Financial

Ally Financial Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Ally Financial (NYSE:ALLY)

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