12,000 Shares in Ally Financial Inc. $ALLY Purchased by Chung Wu Investment Group LLC

Chung Wu Investment Group LLC purchased a new position in Ally Financial Inc. (NYSE:ALLY) during the 2nd quarter, HoldingsChannel reports. The firm purchased 12,000 shares of the financial services provider’s stock, valued at approximately $467,000.

Several other large investors also recently made changes to their positions in ALLY. Wellington Management Group LLP acquired a new position in shares of Ally Financial in the 1st quarter worth approximately $253,881,000. Millennium Management LLC grew its position in Ally Financial by 234.7% in the first quarter. Millennium Management LLC now owns 3,752,066 shares of the financial services provider’s stock worth $136,838,000 after buying an additional 2,630,981 shares during the last quarter. Assenagon Asset Management S.A. increased its holdings in shares of Ally Financial by 6,675.1% in the second quarter. Assenagon Asset Management S.A. now owns 1,243,773 shares of the financial services provider’s stock valued at $48,445,000 after buying an additional 1,225,415 shares in the last quarter. AQR Capital Management LLC lifted its position in shares of Ally Financial by 173.2% during the 1st quarter. AQR Capital Management LLC now owns 1,377,717 shares of the financial services provider’s stock valued at $49,984,000 after acquiring an additional 873,380 shares during the last quarter. Finally, Amundi boosted its stake in shares of Ally Financial by 53.9% during the 1st quarter. Amundi now owns 1,778,604 shares of the financial services provider’s stock worth $64,866,000 after acquiring an additional 622,601 shares in the last quarter. Institutional investors own 88.76% of the company’s stock.

Analyst Ratings Changes

ALLY has been the topic of a number of recent research reports. Keefe, Bruyette & Woods decreased their target price on Ally Financial from $56.00 to $51.00 and set an “outperform” rating on the stock in a report on Wednesday, October 1st. Evercore ISI cut their price objective on Ally Financial from $45.00 to $44.00 and set an “in-line” rating on the stock in a report on Tuesday, September 30th. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of Ally Financial in a research note on Monday, July 14th. JPMorgan Chase & Co. lifted their target price on shares of Ally Financial from $44.00 to $45.00 and gave the stock an “overweight” rating in a research report on Monday, July 21st. Finally, BTIG Research upgraded shares of Ally Financial from a “sell” rating to a “neutral” rating in a research report on Monday, July 14th. Nine equities research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company’s stock. According to MarketBeat, Ally Financial has an average rating of “Moderate Buy” and a consensus price target of $45.36.

Ally Financial Trading Up 1.9%

Shares of NYSE:ALLY opened at $39.58 on Monday. The firm has a fifty day moving average of $40.12 and a two-hundred day moving average of $37.34. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 1.30. Ally Financial Inc. has a 12-month low of $29.52 and a 12-month high of $44.83. The firm has a market capitalization of $12.18 billion, a P/E ratio of 25.70, a price-to-earnings-growth ratio of 0.31 and a beta of 1.18.

Ally Financial (NYSE:ALLY) last posted its quarterly earnings results on Friday, July 18th. The financial services provider reported $0.99 earnings per share for the quarter, topping analysts’ consensus estimates of $0.78 by $0.21. Ally Financial had a net margin of 7.64% and a return on equity of 9.48%. The business had revenue of $2.08 billion for the quarter, compared to the consensus estimate of $2.03 billion. During the same period in the prior year, the business posted $0.97 earnings per share. Ally Financial’s revenue for the quarter was up 3.0% compared to the same quarter last year. On average, equities analysts expect that Ally Financial Inc. will post 3.57 EPS for the current fiscal year.

Ally Financial Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, August 15th. Stockholders of record on Friday, August 1st were issued a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 3.0%. The ex-dividend date was Friday, August 1st. Ally Financial’s payout ratio is currently 77.92%.

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.