Vinva Investment Management Ltd Purchases New Holdings in Ally Financial Inc. $ALLY

Vinva Investment Management Ltd acquired a new position in Ally Financial Inc. (NYSE:ALLY) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 14,094 shares of the financial services provider’s stock, valued at approximately $549,000.

Other institutional investors have also recently bought and sold shares of the company. WPG Advisers LLC bought a new stake in shares of Ally Financial during the 1st quarter worth $25,000. SVB Wealth LLC purchased a new stake in Ally Financial during the first quarter worth about $27,000. Allworth Financial LP increased its holdings in Ally Financial by 385.2% during the second quarter. Allworth Financial LP now owns 752 shares of the financial services provider’s stock worth $29,000 after buying an additional 597 shares during the last quarter. Hantz Financial Services Inc. raised its position in Ally Financial by 662.0% in the second quarter. Hantz Financial Services Inc. now owns 823 shares of the financial services provider’s stock worth $32,000 after acquiring an additional 715 shares during the period. Finally, Westside Investment Management Inc. boosted its stake in Ally Financial by 116.8% in the second quarter. Westside Investment Management Inc. now owns 837 shares of the financial services provider’s stock valued at $34,000 after acquiring an additional 451 shares during the last quarter. Institutional investors own 88.76% of the company’s stock.

Insider Buying and Selling

In other Ally Financial news, insider Kathleen L. Patterson sold 29,000 shares of the business’s stock in a transaction that occurred on 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 sale, the insider owned 100,203 shares in the company, valued at approximately $4,094,294.58. The trade was a 22.45% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.67% of the stock is owned by company insiders.

Ally Financial Trading Up 0.4%

NYSE:ALLY opened at $41.30 on Friday. Ally Financial Inc. has a 1 year low of $29.52 and a 1 year high of $44.83. The stock’s fifty day moving average price is $39.78 and its two-hundred day moving average price is $39.00. The company has a debt-to-equity ratio of 1.31, a current ratio of 0.92 and a quick ratio of 0.92. The company has a market cap of $12.72 billion, a P/E ratio of 24.88, a P/E/G ratio of 0.28 and a beta of 1.21.

Ally Financial (NYSE:ALLY) last released its quarterly earnings data 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 9.96% and a net margin of 8.10%. As a group, analysts expect that Ally Financial Inc. will post 3.57 EPS for the current year.

Ally Financial Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, November 14th. Stockholders of record on Friday, October 31st were paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.9%. The ex-dividend date of this dividend was Friday, October 31st. Ally Financial’s payout ratio is 72.29%.

Wall Street Analyst Weigh In

ALLY has been the subject of several research analyst reports. Keefe, Bruyette & Woods decreased their price target on shares of Ally Financial from $56.00 to $51.00 and set an “outperform” rating for the company in a research note on Wednesday, October 1st. TD Cowen raised Ally Financial from a “hold” rating to a “buy” rating and raised their target price for the stock from $43.00 to $50.00 in a research report on Monday, October 20th. Morgan Stanley boosted their target price on Ally Financial from $47.00 to $52.00 and gave the company an “overweight” rating in a research note on Monday, September 29th. Truist Financial increased their price target on Ally Financial from $45.00 to $47.00 and gave the stock a “buy” rating in a research note on Monday, October 20th. Finally, Citigroup lifted their price objective on Ally Financial from $59.00 to $70.00 and gave the stock a “buy” rating in a report on Monday, September 15th. Twelve analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $45.67.

About Ally Financial

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.