Oldfield Partners LLP Buys 2,100 Shares of Ally Financial Inc. $ALLY

Oldfield Partners LLP raised its position in shares of Ally Financial Inc. (NYSE:ALLY) by 8.4% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 27,200 shares of the financial services provider’s stock after purchasing an additional 2,100 shares during the period. Ally Financial accounts for approximately 0.4% of Oldfield Partners LLP’s portfolio, making the stock its 14th largest holding. Oldfield Partners LLP’s holdings in Ally Financial were worth $1,059,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Fox Run Management L.L.C. bought a new position in shares of Ally Financial during the 2nd quarter worth $1,944,000. SouthState Corp increased its stake in shares of Ally Financial by 4,589.9% in the second quarter. SouthState Corp now owns 3,705 shares of the financial services provider’s stock worth $144,000 after purchasing an additional 3,626 shares in the last quarter. Westside Investment Management Inc. raised its position in shares of Ally Financial by 116.8% in the second quarter. Westside Investment Management Inc. now owns 837 shares of the financial services provider’s stock valued at $34,000 after purchasing an additional 451 shares during the period. ANTIPODES PARTNERS Ltd lifted its stake in shares of Ally Financial by 7.7% during the 2nd quarter. ANTIPODES PARTNERS Ltd now owns 3,500,623 shares of the financial services provider’s stock valued at $136,360,000 after buying an additional 249,347 shares in the last quarter. Finally, Strs Ohio boosted its holdings in Ally Financial by 11.8% in the 2nd quarter. Strs Ohio now owns 42,201 shares of the financial services provider’s stock worth $1,644,000 after buying an additional 4,452 shares during the period. 88.76% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other Ally Financial news, insider Kathleen L. Patterson sold 29,000 shares of the business’s stock in a transaction on Wednesday, October 22nd. The shares were 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 $4,094,294.58. The trade was a 22.45% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 0.67% of the stock is currently owned by insiders.

Ally Financial Stock Up 1.6%

Shares of NYSE ALLY opened at $39.24 on Friday. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 1.31. The business has a 50-day moving average of $40.62 and a 200-day moving average of $38.33. The firm has a market capitalization of $12.09 billion, a price-to-earnings ratio of 23.64, a PEG ratio of 0.29 and a beta of 1.21. Ally Financial Inc. has a 12 month low of $29.52 and a 12 month high of $44.83.

Ally Financial (NYSE:ALLY) last announced its quarterly earnings data on Monday, July 28th. The financial services provider reported $0.99 EPS for the quarter. Ally Financial had a return on equity of 9.96% and a net margin of 8.10%.The firm had revenue of $2.06 billion for the quarter. Sell-side analysts expect that Ally Financial Inc. will post 3.57 earnings per share for the current fiscal year.

Ally Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 14th. Investors of record on Friday, October 31st will be issued a dividend of $0.30 per share. The ex-dividend date of this dividend is Friday, October 31st. This represents a $1.20 annualized dividend and a dividend yield of 3.1%. Ally Financial’s dividend payout ratio (DPR) is currently 72.29%.

Wall Street Analysts Forecast Growth

ALLY has been the topic of a number of analyst reports. Truist Financial boosted their target price on shares of Ally Financial from $45.00 to $47.00 and gave the company a “buy” rating in a report on Monday, October 20th. JPMorgan Chase & Co. lifted their price target on Ally Financial from $42.00 to $43.00 and gave the company an “overweight” rating in a research report on Monday, October 20th. Royal Bank Of Canada reiterated an “outperform” rating on shares of Ally Financial in a research note on Monday, July 14th. Cowen upgraded Ally Financial from a “hold” rating to a “buy” rating in a research note on Monday, October 20th. Finally, TD Cowen raised Ally Financial from a “hold” rating to a “buy” rating and lifted their target price for the company from $43.00 to $50.00 in a report on Monday, October 20th. Eleven analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $45.67.

Ally Financial 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.