Meeder Asset Management Inc. Has $6.57 Million Holdings in Ally Financial Inc. $ALLY

Meeder Asset Management Inc. grew its stake in Ally Financial Inc. (NYSE:ALLY) by 41.0% in the first quarter, HoldingsChannel reports. The fund owned 167,468 shares of the financial services provider’s stock after acquiring an additional 48,673 shares during the period. Meeder Asset Management Inc.’s holdings in Ally Financial were worth $6,570,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the stock. Intech Investment Management LLC acquired a new stake in shares of Ally Financial in the 4th quarter valued at $3,926,000. Daytona Street Capital LLC bought a new stake in shares of Ally Financial during the fourth quarter worth $3,381,000. Geode Capital Management LLC lifted its stake in shares of Ally Financial by 4.7% during the fourth quarter. Geode Capital Management LLC now owns 5,381,838 shares of the financial services provider’s stock valued at $243,795,000 after acquiring an additional 241,000 shares during the period. Evergreen Capital Management LLC boosted its holdings in Ally Financial by 781.9% in the fourth quarter. Evergreen Capital Management LLC now owns 45,939 shares of the financial services provider’s stock valued at $2,081,000 after acquiring an additional 40,730 shares during the last quarter. Finally, Qsemble Capital Management LP boosted its holdings in Ally Financial by 136.0% in the fourth quarter. Qsemble Capital Management LP now owns 159,744 shares of the financial services provider’s stock valued at $7,235,000 after acquiring an additional 92,043 shares during the last quarter. 88.76% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Ally Financial

In related news, insider Stephanie N. Richard sold 5,000 shares of Ally Financial stock in a transaction that occurred on Friday, May 15th. The shares were sold at an average price of $42.14, for a total transaction of $210,700.00. Following the transaction, the insider owned 93,927 shares of the company’s stock, valued at $3,958,083.78. This trade represents a 5.05% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 0.46% of the stock is owned by corporate insiders.

Ally Financial Trading Down 0.1%

NYSE:ALLY opened at $45.61 on Monday. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 1.31. Ally Financial Inc. has a 1-year low of $35.92 and a 1-year high of $47.29. The firm has a market capitalization of $13.98 billion, a price-to-earnings ratio of 11.12, a PEG ratio of 0.26 and a beta of 1.09. The business’s 50-day moving average price is $44.10 and its two-hundred day moving average price is $42.64.

Ally Financial (NYSE:ALLY) last posted its earnings results on Friday, April 17th. The financial services provider reported $1.11 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.93 by $0.18. The company had revenue of $2.18 billion during the quarter, compared to analyst estimates of $2.14 billion. Ally Financial had a return on equity of 11.41% and a net margin of 16.47%.The company’s revenue for the quarter was up 36.4% compared to the same quarter last year. During the same period in the previous year, the company earned $0.58 EPS. On average, equities analysts expect that Ally Financial Inc. will post 5.31 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several analysts have weighed in on the company. Truist Financial set a $54.00 price objective on Ally Financial in a report on Tuesday, April 21st. Wall Street Zen lowered shares of Ally Financial from a “buy” rating to a “hold” rating in a research note on Monday, June 8th. Barclays boosted their price target on shares of Ally Financial from $54.00 to $56.00 and gave the stock an “equal weight” rating in a research note on Monday, April 20th. JPMorgan Chase & Co. cut their price objective on shares of Ally Financial from $48.00 to $46.00 and set an “overweight” rating on the stock in a report on Thursday, April 9th. Finally, Evercore reaffirmed an “outperform” rating and issued a $54.00 price objective on shares of Ally Financial in a research note on Tuesday, April 21st. Fourteen research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Ally Financial currently has a consensus rating of “Moderate Buy” and a consensus price target of $53.79.

About Ally Financial

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.