WealthTrust Asset Management LLC Takes $811,000 Position in Ally Financial Inc. $ALLY

WealthTrust Asset Management LLC acquired a new position in Ally Financial Inc. (NYSE:ALLY) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 17,896 shares of the financial services provider’s stock, valued at approximately $811,000.

Other institutional investors have also recently made changes to their positions in the company. Wellington Management Group LLP grew its position in Ally Financial by 19.6% during the 3rd quarter. Wellington Management Group LLP now owns 11,938,680 shares of the financial services provider’s stock worth $467,996,000 after purchasing an additional 1,958,201 shares during the period. Arrowstreet Capital Limited Partnership lifted its holdings in shares of Ally Financial by 4.2% in the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 5,626,748 shares of the financial services provider’s stock valued at $220,569,000 after buying an additional 226,188 shares during the period. Bank of America Corp DE boosted its stake in shares of Ally Financial by 38.9% in the second quarter. Bank of America Corp DE now owns 3,771,190 shares of the financial services provider’s stock worth $146,888,000 after buying an additional 1,056,060 shares during the last quarter. American Century Companies Inc. boosted its stake in shares of Ally Financial by 30.9% in the third quarter. American Century Companies Inc. now owns 2,251,925 shares of the financial services provider’s stock worth $88,276,000 after buying an additional 531,269 shares during the last quarter. Finally, Employees Retirement System of Texas grew its holdings in Ally Financial by 18.3% during the third quarter. Employees Retirement System of Texas now owns 1,696,646 shares of the financial services provider’s stock worth $66,509,000 after acquiring an additional 262,563 shares during the period. Hedge funds and other institutional investors own 88.76% of the company’s stock.

Insider Buying and Selling at Ally Financial

In related news, insider Douglas R. Timmerman sold 39,675 shares of the company’s stock in a transaction dated Friday, April 17th. The shares were sold at an average price of $45.17, for a total transaction of $1,792,119.75. Following the completion of the transaction, the insider owned 477,627 shares in the company, valued at $21,574,411.59. This represents a 7.67% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.46% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

ALLY has been the subject of several recent research reports. JPMorgan Chase & Co. reduced their price target on Ally Financial from $48.00 to $46.00 and set an “overweight” rating for the company in a research report on Thursday, April 9th. Bank of America raised their price objective on shares of Ally Financial from $51.00 to $52.00 and gave the stock a “buy” rating in a research note on Friday, April 10th. Weiss Ratings raised shares of Ally Financial from a “hold (c+)” rating to a “buy (b)” rating in a report on Wednesday. Morgan Stanley boosted their target price on shares of Ally Financial from $53.00 to $55.00 and gave the company an “overweight” rating in a research note on Monday, April 20th. Finally, The Goldman Sachs Group increased their price target on shares of Ally Financial from $50.00 to $56.00 and gave the stock a “buy” rating in a report on Monday, April 20th. Fourteen analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat, Ally Financial currently has a consensus rating of “Moderate Buy” and an average price target of $54.14.

Ally Financial Trading Up 0.9%

Shares of NYSE:ALLY opened at $44.19 on Friday. The business’s 50 day moving average price is $40.80 and its 200-day moving average price is $41.77. Ally Financial Inc. has a 1 year low of $32.50 and a 1 year high of $47.27. The firm has a market capitalization of $13.54 billion, a price-to-earnings ratio of 10.78, a price-to-earnings-growth ratio of 0.27 and a beta of 1.12. The company has a debt-to-equity ratio of 1.31, a current ratio of 0.93 and a quick ratio of 0.93.

Ally Financial (NYSE:ALLY) last issued its quarterly earnings results on Friday, April 17th. The financial services provider reported $1.11 EPS for the quarter, topping the consensus estimate of $0.93 by $0.18. The company had revenue of $2.18 billion during the quarter, compared to analyst estimates of $2.14 billion. Ally Financial had a net margin of 16.47% and a return on equity of 11.41%. The firm’s revenue was up 36.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.58 EPS. On average, equities research analysts forecast that Ally Financial Inc. will post 5.3 earnings per share for the current fiscal year.

Ally Financial Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, May 15th. Stockholders of record on Friday, May 1st will be paid a dividend of $0.30 per share. The ex-dividend date of this dividend is Friday, May 1st. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.7%. Ally Financial’s payout ratio is currently 29.27%.

Ally Financial 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.