Private Trust Co. NA Raises Stock Position in Ally Financial Inc. $ALLY

Private Trust Co. NA grew its holdings in shares of Ally Financial Inc. (NYSE:ALLY) by 44.4% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,320 shares of the financial services provider’s stock after purchasing an additional 406 shares during the period. Private Trust Co. NA’s holdings in Ally Financial were worth $51,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Fulton Bank N.A. increased its stake in Ally Financial by 1.3% during the second quarter. Fulton Bank N.A. now owns 19,888 shares of the financial services provider’s stock worth $775,000 after purchasing an additional 260 shares during the period. Integrated Wealth Concepts LLC increased its stake in shares of Ally Financial by 0.7% during the first quarter. Integrated Wealth Concepts LLC now owns 40,363 shares of the financial services provider’s stock worth $1,472,000 after buying an additional 300 shares during the period. Bessemer Group Inc. increased its stake in shares of Ally Financial by 59.6% during the first quarter. Bessemer Group Inc. now owns 1,010 shares of the financial services provider’s stock worth $37,000 after buying an additional 377 shares during the period. NewEdge Advisors LLC increased its stake in shares of Ally Financial by 22.8% during the first quarter. NewEdge Advisors LLC now owns 2,235 shares of the financial services provider’s stock worth $82,000 after buying an additional 415 shares during the period. Finally, US Bancorp DE increased its stake in shares of Ally Financial by 3.5% during the first quarter. US Bancorp DE now owns 14,472 shares of the financial services provider’s stock worth $528,000 after buying an additional 496 shares during the period. 88.76% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research firms recently weighed in on ALLY. Citigroup upped their target price on shares of Ally Financial from $59.00 to $70.00 and gave the stock a “buy” rating in a research note on Monday, September 15th. TD Cowen upgraded shares of Ally Financial from a “hold” rating to a “buy” rating and upped their target price for the stock from $43.00 to $50.00 in a research note on Monday. Royal Bank Of Canada restated an “outperform” rating on shares of Ally Financial in a research note on Monday, July 14th. JPMorgan Chase & Co. upped their target price on shares of Ally Financial from $42.00 to $43.00 and gave the stock an “overweight” rating in a research note on Monday. Finally, Cowen upgraded shares of Ally Financial from a “hold” rating to a “buy” rating in a research note on Monday. Eleven investment analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $45.67.

Insider Buying and Selling at Ally Financial

In other news, insider Kathleen L. Patterson sold 29,000 shares of the stock in a transaction that occurred on Wednesday, October 22nd. The stock was sold at an average price of $40.86, for a total value of $1,184,940.00. Following the completion of the sale, the insider directly owned 100,203 shares of the company’s stock, valued at approximately $4,094,294.58. This represents a 22.45% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.67% of the company’s stock.

Ally Financial Stock Performance

Shares of ALLY opened at $41.01 on Friday. The stock has a 50 day moving average price of $40.59 and a 200 day moving average price of $37.68. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 1.31. The company has a market capitalization of $12.62 billion, a price-to-earnings ratio of 24.71, a price-to-earnings-growth ratio of 0.30 and a beta of 1.18. Ally Financial Inc. has a 52-week low of $29.52 and a 52-week high of $44.83.

Ally Financial (NYSE:ALLY) last announced its quarterly earnings results on Monday, July 28th. The financial services provider reported $0.99 earnings per share (EPS) for the quarter. The firm had revenue of $2.06 billion during the quarter. Ally Financial had a return on equity of 9.96% and a net margin of 8.10%. Research analysts predict 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 will be paid on Friday, November 14th. Stockholders of record on Friday, October 31st will be issued a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 2.9%. The ex-dividend date of this dividend is Friday, October 31st. Ally Financial’s dividend payout ratio is presently 72.29%.

About Ally Financial

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.