Callan Family Office LLC Invests $600,000 in Ally Financial Inc. $ALLY

Callan Family Office LLC bought a new position in shares of Ally Financial Inc. (NYSE:ALLYFree Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 13,067 shares of the financial services provider’s stock, valued at approximately $600,000.

Several other institutional investors have also recently made changes to their positions in the business. Mirae Asset Global Investments Co. Ltd. purchased a new stake in Ally Financial in the fourth quarter valued at $29,000. Fideuram Asset Management Ireland dac purchased a new position in shares of Ally Financial during the 4th quarter valued at about $35,000. Trust Co. of Vermont purchased a new position in shares of Ally Financial during the 2nd quarter valued at about $36,000. Safe Harbor Fiduciary LLC acquired a new position in shares of Ally Financial in the 4th quarter valued at about $37,000. Finally, Harvest Fund Management Co. Ltd acquired a new position in shares of Ally Financial in the 4th quarter valued at about $38,000. Hedge funds and other institutional investors own 88.76% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently commented on ALLY. Truist Financial dropped their target price 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 boosted their price target on Ally Financial from $52.00 to $53.00 and gave the company a “buy” rating in a report on Wednesday, July 8th. Wall Street Zen lowered Ally Financial from a “buy” rating to a “hold” rating in a research report on Monday, June 8th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a $58.00 price objective on shares of Ally Financial in a research note on Wednesday, July 22nd. Finally, Royal Bank Of Canada boosted their target price on shares of Ally Financial from $52.00 to $55.00 and gave the company an “outperform” rating in a research note on Friday, July 10th. Fourteen investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $53.64.

View Our Latest Report on Ally Financial

Insider Transactions at Ally Financial

In related news, insider Stephanie N. Richard sold 5,000 shares of Ally Financial stock in a transaction dated Tuesday, August 4th. The stock was sold at an average price of $44.23, for a total value of $221,150.00. Following the sale, the insider directly owned 88,927 shares in the company, valued at approximately $3,933,241.21. The trade was a 5.32% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders own 0.46% of the company’s stock.

Ally Financial Price Performance

Shares of NYSE ALLY opened at $42.65 on Wednesday. The company has a debt-to-equity ratio of 1.26, a quick ratio of 0.92 and a current ratio of 0.92. The firm has a fifty day moving average of $44.70 and a 200 day moving average of $42.63. The firm has a market cap of $12.98 billion, a PE ratio of 10.06, a PEG ratio of 0.26 and a beta of 1.10. Ally Financial Inc. has a one year low of $35.92 and a one year high of $47.29.

Ally Financial (NYSE:ALLYGet Free Report) last announced its earnings results on Tuesday, July 21st. The financial services provider reported $1.21 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.22 by ($0.01). The company had revenue of $2.28 billion during the quarter, compared to analyst estimates of $2.22 billion. Ally Financial had a net margin of 16.75% and a return on equity of 11.75%. The firm’s revenue for the quarter was up 9.8% compared to the same quarter last year. During the same quarter last year, the business earned $0.99 EPS. As a group, research analysts predict that Ally Financial Inc. will post 5.19 EPS for the current fiscal year.

Ally Financial Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, August 14th. Investors of record on Friday, July 31st were paid a $0.30 dividend. The ex-dividend date of this dividend was Friday, July 31st. This represents a $1.20 dividend on an annualized basis and a yield of 2.8%. Ally Financial’s dividend payout ratio (DPR) is currently 28.30%.

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.

See Also

Want to see what other hedge funds are holding ALLY? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Ally Financial Inc. (NYSE:ALLYFree Report).

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

Receive News & Ratings for Ally Financial Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ally Financial and related companies with MarketBeat.com's FREE daily email newsletter.