Hudson Portfolio Management LLC Acquires New Position in Ally Financial Inc. $ALLY

Hudson Portfolio Management LLC bought a new position in Ally Financial Inc. (NYSE:ALLY) in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 19,414 shares of the financial services provider’s stock, valued at approximately $892,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. BlackRock Inc. bought a new position in shares of Ally Financial in the second quarter worth approximately $1,315,659,000. Donald Smith & CO. Inc. purchased a new position in shares of Ally Financial during the 2nd quarter valued at $172,509,000. Norges Bank purchased a new position in shares of Ally Financial during the 4th quarter valued at $157,610,000. Wellington Management Group LLP boosted its holdings in Ally Financial by 19.5% in the 4th quarter. Wellington Management Group LLP now owns 14,271,290 shares of the financial services provider’s stock worth $646,347,000 after buying an additional 2,332,610 shares during the period. Finally, Bank of New York Mellon Corp purchased a new stake in Ally Financial in the 2nd quarter worth $103,930,000. Institutional investors own 88.76% of the company’s stock.

Ally Financial Stock Performance

ALLY stock opened at $42.96 on Friday. Ally Financial Inc. has a twelve month low of $35.92 and a twelve month high of $47.29. The firm has a market cap of $13.07 billion, a price-to-earnings ratio of 10.13, a PEG ratio of 0.27 and a beta of 1.10. The business’s fifty day simple moving average is $44.82 and its two-hundred day simple moving average is $42.63. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 1.26.

Ally Financial (NYSE:ALLY) last issued its earnings results on Tuesday, July 21st. The financial services provider reported $1.21 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.22 by ($0.01). The company had revenue of $2.28 billion for the quarter, compared to analysts’ expectations of $2.22 billion. Ally Financial had a net margin of 16.75% and a return on equity of 11.75%. The firm’s revenue for the quarter was up 9.8% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.99 earnings per share. Analysts predict that Ally Financial Inc. will post 5.19 earnings per share for the current year.

Ally Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 14th. Investors of record on Friday, July 31st were issued a dividend of $0.30 per share. The ex-dividend date was Friday, July 31st. This represents a $1.20 dividend on an annualized basis and a yield of 2.8%. Ally Financial’s dividend payout ratio (DPR) is presently 28.30%.

Insider Transactions at Ally Financial

In other Ally Financial news, insider Stephanie N. Richard sold 5,000 shares of the business’s stock in a transaction dated Tuesday, August 4th. The shares were sold at an average price of $44.23, for a total value of $221,150.00. Following the completion of the sale, the insider directly owned 88,927 shares of the company’s stock, valued at $3,933,241.21. The trade was a 5.32% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.46% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on ALLY. Citigroup lowered their price objective on Ally Financial from $70.00 to $58.00 and set a “buy” rating on the stock in a research report on Tuesday, June 23rd. Bank of America raised their price target on Ally Financial from $52.00 to $53.00 and gave the company a “buy” rating in a report on Wednesday, July 8th. Weiss Ratings upgraded shares of Ally Financial from a “buy (b-)” rating to a “buy (b)” rating in a report on Tuesday, June 23rd. Wall Street Zen lowered Ally Financial from a “buy” rating to a “hold” rating in a report on Monday, June 8th. Finally, Wells Fargo & Company increased their price objective on shares of Ally Financial from $52.00 to $55.00 and gave the stock an “overweight” rating in a research report on Friday, June 26th. Fourteen investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $53.64.

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.