Ally Financial Inc. $ALLY Shares Newly Acquired by Fulcrum Asset Management LLP

Fulcrum Asset Management LLP acquired a new position in Ally Financial Inc. (NYSE:ALLY) during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 87,976 shares of the financial services provider’s stock, valued at approximately $3,326,000.

Several other large investors have also made changes to their positions in the business. Farther Finance Advisors LLC boosted its stake in Ally Financial by 3.1% during the 3rd quarter. Farther Finance Advisors LLC now owns 9,247 shares of the financial services provider’s stock valued at $348,000 after purchasing an additional 282 shares during the period. Kestra Advisory Services LLC boosted its position in shares of Ally Financial by 2.1% in the third quarter. Kestra Advisory Services LLC now owns 13,866 shares of the financial services provider’s stock valued at $522,000 after acquiring an additional 284 shares during the period. Covestor Ltd grew its stake in shares of Ally Financial by 20.1% in the third quarter. Covestor Ltd now owns 1,727 shares of the financial services provider’s stock worth $65,000 after acquiring an additional 289 shares during the last quarter. Arizona State Retirement System grew its stake in shares of Ally Financial by 0.4% in the second quarter. Arizona State Retirement System now owns 76,467 shares of the financial services provider’s stock worth $3,514,000 after acquiring an additional 296 shares during the last quarter. Finally, Waverly Advisors LLC grew its stake in shares of Ally Financial by 1.3% in the second quarter. Waverly Advisors LLC now owns 23,749 shares of the financial services provider’s stock worth $1,091,000 after acquiring an additional 307 shares during the last quarter. Institutional investors and hedge funds own 88.76% of the company’s stock.

Ally Financial Price Performance

Shares of NYSE:ALLY opened at $38.59 on Tuesday. 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 $11.58 billion, a PE ratio of 8.29, a PEG ratio of 0.33 and a beta of 1.17. The business’s 50 day moving average is $39.30 and its 200-day moving average is $41.78. The company has a current ratio of 0.94, a quick ratio of 0.93 and a debt-to-equity ratio of 1.45.

Ally Financial (NYSE:ALLY) last released its quarterly earnings data on Tuesday, October 20th. The financial services provider reported $1.34 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.33 by $0.01. The business had revenue of $2.35 billion for the quarter, compared to analysts’ expectations of $2.31 billion. Ally Financial had a return on equity of 12.11% and a net margin of 16.84%. Ally Financial’s quarterly revenue was up 6.1% on a year-over-year basis. During the same period in the previous year, the business posted $1.15 earnings per share. Sell-side analysts predict that Ally Financial Inc. will post 4.99 earnings per share for the current year.

Ally Financial Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, November 16th. Shareholders of record on Monday, November 2nd will be paid a dividend of $0.35 per share. This is an increase from Ally Financial’s previous quarterly dividend of $0.30. This represents a $1.40 dividend on an annualized basis and a yield of 3.6%. The ex-dividend date is Monday, November 2nd. Ally Financial’s dividend payout ratio is presently 32.11%.

Insiders Place Their Bets

In other Ally Financial news, insider Kathleen Patterson sold 12,831 shares of the business’s stock in a transaction on Wednesday, October 21st. The shares were sold at an average price of $38.65, for a total value of $495,918.15. Following the sale, the insider owned 67,781 shares of the company’s stock, valued at $2,619,735.65. The trade was a 15.92% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. 0.46% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several research firms recently commented on ALLY. UBS Group cut their target price on shares of Ally Financial from $50.00 to $48.00 and set a “buy” rating for the company in a research note on Monday, November 2nd. Raymond James Financial reduced their price target on shares of Ally Financial from $55.00 to $52.00 and set a “strong-buy” rating for the company in a report on Tuesday, October 6th. Zacks Research downgraded shares of Ally Financial from a “hold” rating to a “strong sell” rating in a report on Tuesday, October 13th. Truist Financial dropped their price objective on shares of Ally Financial from $50.00 to $48.00 and set a “buy” rating on the stock in a report on Monday, October 26th. Finally, Evercore set a $40.00 price objective on shares of Ally Financial in a research report on Wednesday, October 21st. One equities research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $47.93.

Ally Financial Profile

Ally Financial Inc is a U.S. digital financial services company and bank holding company. Its primary businesses include automotive finance and consumer banking, with products and services offered through digital channels and a network of auto dealerships.

Through its automotive finance operations, Ally provides loans and leases to vehicle buyers, financing to dealerships, and related services. Ally Bank offers consumer deposit products, including checking accounts, savings accounts and certificates of deposit, as well as lending products.

The company traces its history to the founding of General Motors Acceptance Corporation (GMAC) in 1919.