Trillium Asset Management LLC bought a new position in Ally Financial Inc. (NYSE:ALLY – Free Report) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 106,333 shares of the financial services provider’s stock, valued at approximately $4,886,000.
Other institutional investors and hedge funds have also recently modified their holdings of the company. Royal Bank of Canada raised its position in 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 in the last quarter. NewEdge Advisors LLC lifted its position 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 valued at $82,000 after buying an additional 415 shares during the last quarter. Empowered Funds LLC boosted its stake in Ally Financial by 11.1% in the first quarter. Empowered Funds LLC now owns 12,900 shares of the financial services provider’s stock valued at $470,000 after acquiring an additional 1,292 shares in the last quarter. Focus Partners Wealth acquired a new stake in shares of Ally Financial in the 1st quarter worth $259,000. Finally, EverSource Wealth Advisors LLC boosted its holdings in Ally Financial by 374.9% in the second quarter. EverSource Wealth Advisors LLC now owns 1,477 shares of the financial services provider’s stock worth $58,000 after acquiring an additional 1,166 shares in the last quarter. Institutional investors own 88.76% of the company’s stock.
Ally Financial Stock Performance
NYSE ALLY opened at $42.39 on Friday. The stock has a fifty day simple moving average of $44.85 and a 200-day simple moving average of $42.63. The stock has a market cap of $12.90 billion, a PE ratio of 10.00, a P/E/G ratio of 0.27 and a beta of 1.10. Ally Financial Inc. has a twelve month low of $35.92 and a twelve month high of $47.29. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 1.26.
Ally Financial Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Friday, August 14th. Investors of record on Friday, July 31st were paid a dividend of $0.30 per share. The ex-dividend date was Friday, July 31st. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.8%. Ally Financial’s payout ratio is presently 28.30%.
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 Tuesday, August 4th. The stock was sold at an average price of $44.23, for a total transaction of $221,150.00. Following the sale, the insider owned 88,927 shares of the company’s stock, valued at approximately $3,933,241.21. This trade represents a 5.32% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.46% of the company’s stock.
Analyst Ratings Changes
Several equities research analysts have recently commented on the stock. Wells Fargo & Company lifted their price objective on shares of Ally Financial from $52.00 to $55.00 and gave the stock an “overweight” rating in a research note on Friday, June 26th. Wall Street Zen downgraded shares of Ally Financial from a “buy” rating to a “hold” rating in a report on Monday, June 8th. Truist Financial dropped their price objective on Ally Financial from $54.00 to $51.00 and set a “buy” rating on the stock in a report on Tuesday, August 4th. Bank of America raised their price target on shares of Ally Financial from $52.00 to $53.00 and gave the company a “buy” rating in a research note on Wednesday, July 8th. Finally, Royal Bank Of Canada lifted their target price on shares of Ally Financial from $52.00 to $55.00 and gave the stock an “outperform” rating in a research note on Friday, July 10th. Fourteen equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Ally Financial presently has an average rating of “Moderate Buy” and an average target price of $53.64.
Check Out Our Latest Stock Analysis on ALLY
Ally Financial 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.
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