Ally Financial Inc. $ALLY Shares Bought by Blue Trust Inc.

Blue Trust Inc. grew its position in shares of Ally Financial Inc. (NYSE:ALLY) by 19.9% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 3,191 shares of the financial services provider’s stock after acquiring an additional 529 shares during the quarter. Blue Trust Inc.’s holdings in Ally Financial were worth $124,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Total Wealth Planning & Management Inc. grew its stake in shares of Ally Financial by 14.7% in the second quarter. Total Wealth Planning & Management Inc. now owns 13,587 shares of the financial services provider’s stock valued at $529,000 after buying an additional 1,740 shares in the last quarter. Callan Family Office LLC acquired a new stake in shares of Ally Financial in the second quarter valued at about $412,000. Louisiana State Employees Retirement System grew its stake in shares of Ally Financial by 1.0% in the second quarter. Louisiana State Employees Retirement System now owns 77,800 shares of the financial services provider’s stock valued at $3,030,000 after buying an additional 800 shares in the last quarter. Chung Wu Investment Group LLC acquired a new stake in shares of Ally Financial in the second quarter valued at about $467,000. Finally, 111 Capital acquired a new stake in shares of Ally Financial in the second quarter valued at about $490,000. 88.76% of the stock is currently owned by institutional investors and hedge funds.

Ally Financial Price Performance

Shares of NYSE ALLY opened at $38.43 on Friday. Ally Financial Inc. has a fifty-two week low of $29.52 and a fifty-two week high of $44.83. The business has a 50 day moving average price of $40.35 and a two-hundred day moving average price of $37.45. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 1.30. The firm has a market cap of $11.83 billion, a PE ratio of 24.95, a price-to-earnings-growth ratio of 0.30 and a beta of 1.18.

Ally Financial (NYSE:ALLY) last issued its quarterly earnings data on Monday, July 28th. The financial services provider reported $0.99 earnings per share for the quarter. Ally Financial had a return on equity of 9.48% and a net margin of 7.64%.The firm had revenue of $2.06 billion during the quarter. Sell-side analysts expect that Ally Financial Inc. will post 3.57 earnings per share for the current fiscal year.

Ally Financial Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, November 14th. Shareholders of record on Friday, October 31st will be issued a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 3.1%. The ex-dividend date of this dividend is Friday, October 31st. Ally Financial’s dividend payout ratio (DPR) is currently 77.92%.

Wall Street Analyst Weigh In

ALLY has been the subject of a number of recent research reports. Wells Fargo & Company upgraded Ally Financial from an “underweight” rating to an “equal weight” rating and increased their target price for the company from $37.00 to $45.00 in a research note on Tuesday, September 2nd. Evercore ISI lowered their target price on Ally Financial from $45.00 to $44.00 and set an “in-line” rating for the company in a research note on Tuesday, September 30th. BTIG Research upgraded Ally Financial from a “sell” rating to a “neutral” rating in a research note on Monday, July 14th. Truist Financial increased their target price on Ally Financial from $44.00 to $45.00 and gave the company a “buy” rating in a research note on Thursday, July 24th. Finally, JPMorgan Chase & Co. lowered their price objective on Ally Financial from $45.00 to $42.00 and set an “overweight” rating for the company in a research note on Tuesday, October 7th. Nine equities research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $45.14.

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.