Susquehanna Fundamental Investments LLC Invests $14.90 Million in Ally Financial Inc. $ALLY

Susquehanna Fundamental Investments LLC acquired a new stake in Ally Financial Inc. (NYSE:ALLY) during the second quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 324,178 shares of the financial services provider’s stock, valued at approximately $14,896,000.

A number of other large investors have also recently added to or reduced their stakes in ALLY. Trust Co. of Vermont acquired a new position in Ally Financial during the second quarter valued at approximately $36,000. Fideuram Asset Management Ireland dac acquired a new stake in shares of Ally Financial in the fourth quarter worth $35,000. Safe Harbor Fiduciary LLC bought a new stake in shares of Ally Financial during the 4th quarter worth $37,000. Harvest Fund Management Co. Ltd bought a new stake in shares of Ally Financial during the 4th quarter worth $38,000. Finally, CIBC Private Wealth Group LLC boosted its holdings in shares of Ally Financial by 805.1% during the 4th quarter. CIBC Private Wealth Group LLC now owns 896 shares of the financial services provider’s stock worth $41,000 after buying an additional 797 shares during the period. Institutional investors own 88.76% of the company’s stock.

Ally Financial Stock Performance

NYSE ALLY opened at $42.20 on Monday. The company’s fifty day moving average is $44.52 and its two-hundred day moving average is $42.64. Ally Financial Inc. has a 52-week low of $35.92 and a 52-week high of $47.29. The company has a debt-to-equity ratio of 1.26, a current ratio of 0.92 and a quick ratio of 0.92. The firm has a market capitalization of $12.84 billion, a price-to-earnings ratio of 9.95, a P/E/G ratio of 0.26 and a beta of 1.10.

Ally Financial (NYSE:ALLY) last released its earnings results on Tuesday, July 21st. The financial services provider reported $1.21 earnings per share for the quarter, missing the consensus estimate of $1.22 by ($0.01). Ally Financial had a net margin of 16.75% and a return on equity of 11.75%. The company had revenue of $2.28 billion during the quarter, compared to the consensus estimate of $2.22 billion. During the same quarter in the previous year, the business posted $0.99 EPS. The firm’s quarterly revenue was up 9.8% on a year-over-year basis. Equities research analysts forecast that Ally Financial Inc. will post 5.19 EPS for the current year.

Ally Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 14th. Stockholders of record on Friday, July 31st were given 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 dividend yield of 2.8%. Ally Financial’s payout ratio is currently 28.30%.

Insider Activity at Ally Financial

In related news, insider Stephanie N. Richard sold 5,000 shares of the firm’s stock in a transaction on Tuesday, August 4th. The stock was sold at an average price of $44.23, for a total value of $221,150.00. Following the completion of the transaction, the insider directly owned 88,927 shares of the company’s stock, valued at $3,933,241.21. This trade represents a 5.32% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.46% of the company’s stock.

Wall Street Analyst Weigh In

ALLY has been the topic of several recent analyst reports. Wells Fargo & Company lifted their target price on shares of Ally Financial from $52.00 to $55.00 and gave the stock an “overweight” rating in a report on Friday, June 26th. 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 downgraded Ally Financial from a “buy” rating to a “hold” rating in a research report on Monday, June 8th. Bank of America lifted their price objective on Ally Financial from $52.00 to $53.00 and gave the stock a “buy” rating in a research note on Wednesday, July 8th. Finally, Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a $58.00 price objective on shares of Ally Financial in a research report on Wednesday, July 22nd. Fourteen analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target 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.