Ally Financial Inc. $ALLY Shares Bought by LRI Investments LLC

LRI Investments LLC grew its holdings in shares of Ally Financial Inc. (NYSE:ALLY) by 53.6% in the second quarter, according to its most recent filing with the SEC. The firm owned 3,032 shares of the financial services provider’s stock after acquiring an additional 1,058 shares during the quarter. LRI Investments LLC’s holdings in Ally Financial were worth $118,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. WPG Advisers LLC acquired a new position in Ally Financial during the 1st quarter worth $25,000. Copia Wealth Management acquired a new position in Ally Financial during the 1st quarter worth $27,000. SVB Wealth LLC acquired a new position in Ally Financial during the 1st quarter worth $27,000. Private Trust Co. NA boosted its position in Ally Financial by 125.7% during the 1st quarter. Private Trust Co. NA now owns 914 shares of the financial services provider’s stock worth $33,000 after acquiring an additional 509 shares during the period. Finally, Bessemer Group Inc. boosted its position in Ally Financial by 59.6% during the 1st quarter. Bessemer Group Inc. now owns 1,010 shares of the financial services provider’s stock worth $37,000 after acquiring an additional 377 shares during the period. Institutional investors and hedge funds own 88.76% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have issued reports on the company. Truist Financial boosted their price target on Ally Financial from $44.00 to $45.00 and gave the stock a “buy” rating in a research report on Thursday, July 24th. Wells Fargo & Company upgraded Ally Financial from an “underweight” rating to an “equal weight” rating and upped their price objective for the company from $37.00 to $45.00 in a report on Tuesday, September 2nd. Weiss Ratings restated a “hold (c)” rating on shares of Ally Financial in a report on Saturday, September 27th. Evercore ISI cut their price objective on Ally Financial from $45.00 to $44.00 and set an “in-line” rating for the company in a report on Tuesday, September 30th. Finally, Citigroup upped their price objective on Ally Financial from $59.00 to $70.00 and gave the company a “buy” rating in a report on Monday, September 15th. Nine analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $45.14.

Ally Financial Stock Down 5.7%

Shares of Ally Financial stock opened at $36.96 on Monday. The stock’s fifty day moving average is $40.21 and its 200-day moving average is $37.40. The firm has a market capitalization of $11.38 billion, a PE ratio of 24.00, a price-to-earnings-growth ratio of 0.29 and a beta of 1.18. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 1.30. Ally Financial Inc. has a 12-month low of $29.52 and a 12-month high of $44.83.

Ally Financial (NYSE:ALLY) last announced its earnings results on Monday, July 28th. The financial services provider reported $0.99 earnings per share (EPS) for the quarter. The company had revenue of $2.06 billion for the quarter. Ally Financial had a return on equity of 9.48% and a net margin of 7.64%. Equities analysts anticipate that Ally Financial Inc. will post 3.57 earnings per share for the current year.

Ally Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 14th. Investors of record on Friday, October 31st will be given a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 3.2%. The ex-dividend date of this dividend is Friday, October 31st. Ally Financial’s payout ratio is presently 77.92%.

Ally Financial Company 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.