SEB Asset Management AB Invests $3.40 Million in Ally Financial Inc. $ALLY

SEB Asset Management AB acquired a new stake in Ally Financial Inc. (NYSE:ALLYFree Report) during the 1st quarter, Holdings Channel.com reports. The firm acquired 86,695 shares of the financial services provider’s stock, valued at approximately $3,401,000.

A number of other large investors have also made changes to their positions in the stock. SJS Investment Consulting Inc. increased its position in Ally Financial by 30.8% during the 1st quarter. SJS Investment Consulting Inc. now owns 1,019 shares of the financial services provider’s stock worth $40,000 after purchasing an additional 240 shares in the last quarter. Fifth Third Wealth Advisors LLC lifted its holdings in Ally Financial by 3.1% in the 1st quarter. Fifth Third Wealth Advisors LLC now owns 8,010 shares of the financial services provider’s stock valued at $314,000 after purchasing an additional 243 shares in the last quarter. Brown Brothers Harriman & Co. boosted its stake in shares of Ally Financial by 31.5% during the 4th quarter. Brown Brothers Harriman & Co. now owns 1,052 shares of the financial services provider’s stock worth $48,000 after purchasing an additional 252 shares during the last quarter. Triumph Capital Management boosted its stake in shares of Ally Financial by 9.2% during the 4th quarter. Triumph Capital Management now owns 3,133 shares of the financial services provider’s stock worth $142,000 after purchasing an additional 265 shares during the last quarter. Finally, Larson Financial Group LLC grew its holdings in shares of Ally Financial by 25.0% during the fourth quarter. Larson Financial Group LLC now owns 1,340 shares of the financial services provider’s stock worth $61,000 after buying an additional 268 shares in the last quarter. Institutional investors and hedge funds own 88.76% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on the stock. Morgan Stanley boosted their price objective on shares of Ally Financial from $53.00 to $55.00 and gave the company an “overweight” rating in a research report on Monday, April 20th. JPMorgan Chase & Co. decreased their target price on shares of Ally Financial from $48.00 to $46.00 and set an “overweight” rating on the stock in a research report on Thursday, April 9th. Royal Bank Of Canada raised their price objective on Ally Financial from $52.00 to $55.00 and gave the stock an “outperform” rating in a report on Friday, July 10th. Citigroup lowered their price objective on Ally Financial from $70.00 to $58.00 and set a “buy” rating for the company in a research report on Tuesday, June 23rd. Finally, Weiss Ratings upgraded Ally Financial from a “buy (b-)” rating to a “buy (b)” rating in a research note on Tuesday, June 23rd. Fourteen equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, Ally Financial currently has an average rating of “Moderate Buy” and an average price target of $53.86.

View Our Latest Stock Analysis on ALLY

Ally Financial Price Performance

ALLY opened at $44.63 on Thursday. Ally Financial Inc. has a 1 year low of $35.92 and a 1 year high of $47.29. The company’s 50 day simple moving average is $44.25 and its 200 day simple moving average is $42.63. The stock has a market capitalization of $13.68 billion, a PE ratio of 10.53, a P/E/G ratio of 0.25 and a beta of 1.09. The company has a debt-to-equity ratio of 1.26, a quick ratio of 0.93 and a current ratio of 0.92.

Ally Financial (NYSE:ALLYGet Free Report) last issued its quarterly earnings results on Tuesday, July 21st. The financial services provider reported $1.21 EPS for the quarter, missing the consensus estimate of $1.22 by ($0.01). The company had revenue of $2.28 billion for the quarter, compared to analyst estimates of $2.22 billion. Ally Financial had a return on equity of 11.75% and a net margin of 16.75%.The business’s revenue for the quarter was up 9.8% on a year-over-year basis. During the same period last year, the company posted $0.99 EPS. As a group, sell-side analysts expect that Ally Financial Inc. will post 5.32 EPS for the current year.

Ally Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 14th. Stockholders of record on Friday, July 31st will be paid a dividend of $0.30 per share. The ex-dividend date of this dividend is Friday, July 31st. This represents a $1.20 annualized dividend and a dividend yield of 2.7%. Ally Financial’s payout ratio is currently 29.27%.

Key Stories Impacting Ally Financial

Here are the key news stories impacting Ally Financial this week:

Insider Activity

In other news, insider Stephanie N. Richard sold 5,000 shares of the company’s stock in a transaction on Friday, May 15th. The stock was sold at an average price of $42.14, for a total transaction of $210,700.00. Following the completion of the sale, the insider directly owned 93,927 shares in the company, valued at $3,958,083.78. This represents a 5.05% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. 0.46% of the stock is owned by corporate insiders.

Ally Financial Company 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.

Further Reading

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)

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