Danica Pension Livsforsikringsaktieselskab Buys New Stake in Ally Financial Inc. $ALLY

Danica Pension Livsforsikringsaktieselskab purchased a new stake in Ally Financial Inc. (NYSE:ALLY) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 477,879 shares of the financial services provider’s stock, valued at approximately $21,959,000.

A number of other institutional investors also recently bought and sold shares of the business. Mirae Asset Global Investments Co. Ltd. acquired a new position in shares of Ally Financial during the 4th quarter worth about $29,000. Fideuram Asset Management Ireland dac purchased a new position in shares of Ally Financial in the 4th quarter valued at about $35,000. Trust Co. of Vermont acquired a new stake in shares of Ally Financial during the 2nd quarter worth about $36,000. Safe Harbor Fiduciary LLC acquired a new stake in shares of Ally Financial during the 4th quarter worth about $37,000. Finally, Harvest Fund Management Co. Ltd purchased a new stake in Ally Financial during the fourth quarter worth approximately $38,000. 88.76% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

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

Ally Financial Stock Performance

NYSE ALLY opened at $43.64 on Wednesday. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 1.26. Ally Financial Inc. has a 52-week low of $35.92 and a 52-week high of $47.29. The business’s 50-day moving average price is $44.85 and its 200 day moving average price is $42.62. The firm has a market cap of $13.28 billion, a P/E ratio of 10.29, a P/E/G ratio of 0.28 and a beta of 1.10.

Ally Financial (NYSE:ALLY) last issued its quarterly 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 business’s revenue was up 9.8% on a year-over-year basis. During the same quarter last year, the firm earned $0.99 EPS. On average, equities research analysts expect that Ally Financial Inc. will post 5.19 earnings per share for the current year.

Ally Financial Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, August 14th. Shareholders of record on Friday, July 31st were paid a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 2.7%. The ex-dividend date was Friday, July 31st. Ally Financial’s dividend payout ratio (DPR) is 28.30%.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the company. Evercore reaffirmed an “outperform” rating and issued a $54.00 price target on shares of Ally Financial in a report on Tuesday, April 21st. Bank of America raised their price objective on shares of Ally Financial from $52.00 to $53.00 and gave the stock a “buy” rating in a report on Wednesday, July 8th. Citigroup reduced their price objective on shares of Ally Financial from $70.00 to $58.00 and set a “buy” rating for the company in a research report on Tuesday, June 23rd. Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a $58.00 target price on shares of Ally Financial in a report on Wednesday, July 22nd. Finally, Wall Street Zen lowered shares of Ally Financial from a “buy” rating to a “hold” rating in a research note on Monday, June 8th. Fourteen equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $53.64.

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.