UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Grows Stake in Ally Financial Inc. $ALLY

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in Ally Financial Inc. (NYSE:ALLY) by 2.9% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,046,805 shares of the financial services provider’s stock after acquiring an additional 29,736 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in Ally Financial were worth $48,101,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the company. Trust Co. of Vermont bought a new position in Ally Financial in the second quarter valued at about $36,000. Fideuram Asset Management Ireland dac bought a new stake in shares of Ally Financial during the 4th quarter valued at about $35,000. Safe Harbor Fiduciary LLC purchased a new stake in shares of Ally Financial during the 4th quarter valued at about $37,000. Harvest Fund Management Co. Ltd purchased a new stake in shares of Ally Financial during the 4th quarter valued at about $38,000. Finally, CIBC Private Wealth Group LLC lifted its stake in shares of Ally Financial by 805.1% in the 4th quarter. CIBC Private Wealth Group LLC now owns 896 shares of the financial services provider’s stock worth $41,000 after purchasing an additional 797 shares during the period. Hedge funds and other institutional investors own 88.76% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on ALLY shares. Wells Fargo & Company boosted their price objective on shares of Ally Financial from $52.00 to $55.00 and gave the company an “overweight” rating in a research report on Friday, June 26th. Wall Street Zen lowered shares of Ally Financial from a “buy” rating to a “hold” rating in a report on Monday, June 8th. Bank of America lifted their target price on Ally Financial from $52.00 to $53.00 and gave the stock a “buy” rating in a report on Wednesday, July 8th. Citigroup reduced their price target on shares of Ally Financial from $70.00 to $58.00 and set a “buy” rating on the stock in a research report on Tuesday, June 23rd. Finally, Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a $58.00 price objective on shares of Ally Financial in a research note on Wednesday, July 22nd. One analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $53.73.

Insiders Place Their Bets

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

Ally Financial Trading Up 2.0%

Shares of ALLY opened at $42.69 on Thursday. The company has a 50-day moving average of $44.32 and a 200 day moving average of $42.65. The company has a debt-to-equity ratio of 1.26, a current ratio of 0.92 and a quick ratio of 0.92. Ally Financial Inc. has a 1-year low of $35.92 and a 1-year high of $47.29. The firm has a market capitalization of $12.99 billion, a price-to-earnings ratio of 10.07, a PEG ratio of 0.26 and a beta of 1.09.

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

Ally Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, August 14th. Stockholders of record on Friday, July 31st were given a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 2.8%. The ex-dividend date of this dividend was Friday, July 31st. Ally Financial’s dividend payout ratio is presently 28.30%.

Ally Financial Company 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.