Ally Financial Inc. $ALLY Position Boosted by Qsemble Capital Management LP

Qsemble Capital Management LP raised its holdings in shares of Ally Financial Inc. (NYSE:ALLY) by 136.0% during the 4th quarter, HoldingsChannel reports. The fund owned 159,744 shares of the financial services provider’s stock after purchasing an additional 92,043 shares during the period. Qsemble Capital Management LP’s holdings in Ally Financial were worth $7,235,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. Sweeney & Michel LLC grew its stake in Ally Financial by 4.0% during the 3rd quarter. Sweeney & Michel LLC now owns 6,663 shares of the financial services provider’s stock valued at $246,000 after acquiring an additional 256 shares in the last quarter. SBI Securities Co. Ltd. grew its stake in shares of Ally Financial by 43.9% in the 4th quarter. SBI Securities Co. Ltd. now owns 904 shares of the financial services provider’s stock valued at $41,000 after buying an additional 276 shares in the last quarter. Signaturefd LLC grew its stake in shares of Ally Financial by 2.0% in the 4th quarter. Signaturefd LLC now owns 13,933 shares of the financial services provider’s stock valued at $631,000 after buying an additional 277 shares in the last quarter. Crossmark Global Holdings Inc. grew its stake in shares of Ally Financial by 1.6% in the 4th quarter. Crossmark Global Holdings Inc. now owns 17,941 shares of the financial services provider’s stock valued at $813,000 after buying an additional 279 shares in the last quarter. Finally, Assetmark Inc. grew its stake in shares of Ally Financial by 2.0% in the 4th quarter. Assetmark Inc. now owns 14,583 shares of the financial services provider’s stock valued at $660,000 after buying an additional 281 shares in the last quarter. Hedge funds and other institutional investors own 88.76% of the company’s stock.

Insiders Place Their Bets

In related news, insider Douglas R. Timmerman sold 39,675 shares of the business’s stock in a transaction that occurred on Friday, April 17th. The stock was sold at an average price of $45.17, for a total value of $1,792,119.75. Following the completion of the sale, the insider directly owned 477,627 shares in the company, valued at approximately $21,574,411.59. The trade was a 7.67% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 0.46% of the company’s stock.

Wall Street Analyst Weigh In

ALLY has been the subject of several recent research reports. Wall Street Zen raised Ally Financial from a “hold” rating to a “buy” rating in a research note on Monday, May 11th. Truist Financial set a $54.00 price target on Ally Financial in a research note on Tuesday, April 21st. Morgan Stanley boosted their price target on Ally Financial from $53.00 to $55.00 and gave the company an “overweight” rating in a research note on Monday, April 20th. Deutsche Bank Aktiengesellschaft boosted their price target on Ally Financial from $55.00 to $57.00 and gave the company a “buy” rating in a research note on Thursday, January 22nd. Finally, JPMorgan Chase & Co. lowered their price target on Ally Financial from $48.00 to $46.00 and set an “overweight” rating for the company in a research note on Thursday, April 9th. Fourteen analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $54.14.

Ally Financial Stock Down 0.9%

ALLY opened at $42.00 on Friday. The business has a 50 day moving average price of $41.06 and a 200 day moving average price of $41.83. Ally Financial Inc. has a twelve month low of $32.50 and a twelve month high of $47.27. The company has a debt-to-equity ratio of 1.31, a quick ratio of 0.93 and a current ratio of 0.93. The firm has a market cap of $12.87 billion, a P/E ratio of 10.24, a price-to-earnings-growth ratio of 0.26 and a beta of 1.12.

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

Ally Financial Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, May 15th. Investors of record on Friday, May 1st were issued a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 2.9%. The ex-dividend date was Friday, May 1st. Ally Financial’s payout ratio is 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.