Chung Wu Investment Group LLC Acquires 26,890 Shares of Ally Financial Inc. $ALLY

Chung Wu Investment Group LLC increased its holdings in shares of Ally Financial Inc. (NYSE:ALLY) by 224.1% during the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 38,890 shares of the financial services provider’s stock after purchasing an additional 26,890 shares during the period. Ally Financial accounts for 1.3% of Chung Wu Investment Group LLC’s holdings, making the stock its 19th biggest holding. Chung Wu Investment Group LLC’s holdings in Ally Financial were worth $1,524,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of ALLY. MAI Capital Management lifted its holdings in Ally Financial by 45.1% during the second quarter. MAI Capital Management now owns 975 shares of the financial services provider’s stock worth $38,000 after buying an additional 303 shares during the period. Econ Financial Services Corp increased its holdings in shares of Ally Financial by 0.5% in the 2nd quarter. Econ Financial Services Corp now owns 59,993 shares of the financial services provider’s stock valued at $2,337,000 after acquiring an additional 311 shares during the period. LRI Investments LLC raised its position in shares of Ally Financial by 10.6% in the 3rd quarter. LRI Investments LLC now owns 3,352 shares of the financial services provider’s stock worth $131,000 after acquiring an additional 320 shares in the last quarter. Amalgamated Bank boosted its position in Ally Financial by 0.3% during the second quarter. Amalgamated Bank now owns 126,980 shares of the financial services provider’s stock valued at $4,946,000 after purchasing an additional 344 shares in the last quarter. Finally, Sara Bay Financial grew its stake in Ally Financial by 1.6% in the third quarter. Sara Bay Financial now owns 24,017 shares of the financial services provider’s stock valued at $941,000 after purchasing an additional 370 shares during the last quarter. Institutional investors own 88.76% of the company’s stock.

Insider Activity at Ally Financial

In other Ally Financial news, CFO Russell E. Hutchinson bought 11,566 shares of Ally Financial stock in a transaction that occurred on Tuesday, January 27th. The stock was purchased at an average price of $43.17 per share, with a total value of $499,304.22. Following the completion of the acquisition, the chief financial officer directly owned 225,336 shares in the company, valued at approximately $9,727,755.12. This trade represents a 5.41% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Michael George Rhodes bought 23,800 shares of the firm’s stock in a transaction that occurred on Friday, January 23rd. The shares were acquired at an average price of $41.68 per share, with a total value of $991,984.00. Following the completion of the transaction, the chief executive officer directly owned 49,434 shares of the company’s stock, valued at $2,060,409.12. This trade represents a 92.85% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders own 0.67% of the company’s stock.

Ally Financial Stock Performance

Shares of ALLY stock opened at $42.21 on Friday. The business has a fifty day moving average of $43.86 and a 200 day moving average of $41.20. Ally Financial Inc. has a 1 year low of $29.52 and a 1 year high of $47.27. The company has a debt-to-equity ratio of 1.30, a current ratio of 0.92 and a quick ratio of 0.92. The firm has a market capitalization of $13.00 billion, a price-to-earnings ratio of 17.96, a price-to-earnings-growth ratio of 0.22 and a beta of 1.17.

Ally Financial (NYSE:ALLY) last announced its quarterly earnings data on Wednesday, January 21st. The financial services provider reported $1.09 earnings per share for the quarter, beating analysts’ consensus estimates of $1.01 by $0.08. Ally Financial had a return on equity of 10.40% and a net margin of 10.77%.The business had revenue of $2.17 billion for the quarter, compared to analyst estimates of $2.15 billion. During the same period in the prior year, the company earned $0.78 earnings per share. The company’s revenue was up 4.8% on a year-over-year basis. As a group, research analysts expect that Ally Financial Inc. will post 3.57 earnings per share for the current year.

Ally Financial declared that its Board of Directors has initiated a stock buyback plan on Wednesday, December 10th that authorizes the company to repurchase $2.00 billion in shares. This repurchase authorization authorizes the financial services provider to buy up to 15.3% of its shares through open market purchases. Shares repurchase plans are often an indication that the company’s leadership believes its stock is undervalued.

Ally Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, February 17th. Shareholders of record on Monday, February 2nd will be given a dividend of $0.30 per share. The ex-dividend date of this dividend is Monday, February 2nd. 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 51.06%.

Analyst Ratings Changes

ALLY has been the subject of several analyst reports. Morgan Stanley set a $53.00 price target on shares of Ally Financial and gave the company an “overweight” rating in a research report on Tuesday, December 16th. JPMorgan Chase & Co. boosted their price objective on shares of Ally Financial from $43.00 to $48.00 and gave the stock an “overweight” rating in a research note on Monday, January 12th. The Goldman Sachs Group restated a “neutral” rating and issued a $55.00 target price on shares of Ally Financial in a research note on Tuesday, January 6th. UBS Group set a $48.00 price target on shares of Ally Financial in a report on Monday, January 12th. Finally, Evercore ISI upgraded Ally Financial from an “in-line” rating to an “outperform” rating and increased their price objective for the company from $48.00 to $53.00 in a report on Tuesday, January 6th. Fourteen equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Ally Financial currently has an average rating of “Moderate Buy” and a consensus price target of $50.44.

Ally Financial Company 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.