Campbell & CO Investment Adviser LLC Buys Shares of 62,013 Ally Financial Inc. $ALLY

Campbell & CO Investment Adviser LLC purchased a new position in Ally Financial Inc. (NYSE:ALLY) during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm purchased 62,013 shares of the financial services provider’s stock, valued at approximately $2,415,000.

A number of other institutional investors have also made changes to their positions in the stock. Wellington Management Group LLP acquired a new position in Ally Financial in the first quarter valued at about $253,881,000. Millennium Management LLC increased its stake in shares of Ally Financial by 234.7% in the 1st quarter. Millennium Management LLC now owns 3,752,066 shares of the financial services provider’s stock valued at $136,838,000 after acquiring an additional 2,630,981 shares during the last quarter. Assenagon Asset Management S.A. increased its stake in shares of Ally Financial by 6,675.1% in the 2nd quarter. Assenagon Asset Management S.A. now owns 1,243,773 shares of the financial services provider’s stock valued at $48,445,000 after acquiring an additional 1,225,415 shares during the last quarter. AQR Capital Management LLC raised its position in shares of Ally Financial by 173.2% in the 1st quarter. AQR Capital Management LLC now owns 1,377,717 shares of the financial services provider’s stock valued at $49,984,000 after acquiring an additional 873,380 shares during the period. Finally, Amundi boosted its stake in Ally Financial by 53.9% during the 1st quarter. Amundi now owns 1,778,604 shares of the financial services provider’s stock worth $64,866,000 after acquiring an additional 622,601 shares during the last quarter. 88.76% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Ally Financial

In other news, insider Kathleen L. Patterson sold 29,000 shares of the firm’s stock in a transaction dated Wednesday, October 22nd. The stock was sold at an average price of $40.86, for a total value of $1,184,940.00. Following the completion of the transaction, the insider owned 100,203 shares in the company, valued at $4,094,294.58. This trade represents a 22.45% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.56% of the stock is currently owned by corporate insiders.

Ally Financial Stock Up 1.6%

Shares of Ally Financial stock opened at $39.24 on Monday. The firm has a market cap of $12.09 billion, a PE ratio of 23.64, a P/E/G ratio of 0.29 and a beta of 1.21. The business’s 50 day simple moving average is $40.62 and its 200 day simple moving average is $38.42. The company has a debt-to-equity ratio of 1.31, a quick ratio of 0.92 and a current ratio of 0.92. Ally Financial Inc. has a 52-week low of $29.52 and a 52-week high of $44.83.

Ally Financial (NYSE:ALLY) last issued its quarterly earnings results on Monday, July 28th. The financial services provider reported $0.99 earnings per share for the quarter. The company had revenue of $2.06 billion during the quarter. Ally Financial had a net margin of 8.10% and a return on equity of 9.96%. On average, analysts predict that Ally Financial Inc. will post 3.57 earnings per share for the current fiscal year.

Ally Financial Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 14th. Shareholders of record on Friday, October 31st will be given a dividend of $0.30 per share. The ex-dividend date of this dividend is Friday, October 31st. This represents a $1.20 annualized dividend and a yield of 3.1%. Ally Financial’s payout ratio is 72.29%.

Wall Street Analyst Weigh In

Several equities research analysts have commented on the stock. TD Cowen raised shares of Ally Financial from a “hold” rating to a “buy” rating and upped their target price for the company from $43.00 to $50.00 in a research note on Monday, October 20th. Wells Fargo & Company upgraded shares of 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 research report on Tuesday, September 2nd. Citigroup raised their price objective on Ally Financial from $59.00 to $70.00 and gave the stock a “buy” rating in a research note on Monday, September 15th. Weiss Ratings reissued a “hold (c+)” rating on shares of Ally Financial in a research note on Tuesday, October 14th. Finally, Evercore ISI dropped their price target on Ally Financial from $45.00 to $44.00 and set an “in-line” rating on the stock in a research report on Tuesday, September 30th. Eleven investment analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $45.67.

Ally Financial 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.