RBF Capital LLC Lowers Position in Ally Financial Inc. $ALLY

RBF Capital LLC lessened its holdings in shares of Ally Financial Inc. (NYSE:ALLY) by 68.8% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 25,000 shares of the financial services provider’s stock after selling 55,000 shares during the quarter. RBF Capital LLC’s holdings in Ally Financial were worth $981,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of ALLY. Royal Bank of Canada lifted its position in Ally Financial by 106.5% during the first quarter. Royal Bank of Canada now owns 251,123 shares of the financial services provider’s stock valued at $9,158,000 after purchasing an additional 129,497 shares during the last quarter. NewEdge Advisors LLC increased its holdings in shares of Ally Financial by 22.8% in the 1st quarter. NewEdge Advisors LLC now owns 2,235 shares of the financial services provider’s stock worth $82,000 after buying an additional 415 shares during the last quarter. Empowered Funds LLC increased its holdings in shares of Ally Financial by 11.1% in the 1st quarter. Empowered Funds LLC now owns 12,900 shares of the financial services provider’s stock worth $470,000 after buying an additional 1,292 shares during the last quarter. Focus Partners Wealth purchased a new stake in shares of Ally Financial during the 1st quarter valued at $259,000. Finally, EverSource Wealth Advisors LLC raised its position in shares of Ally Financial by 374.9% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,477 shares of the financial services provider’s stock valued at $58,000 after buying an additional 1,166 shares in the last quarter. Hedge funds and other institutional investors own 88.76% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the stock. Weiss Ratings raised shares of Ally Financial from a “buy (b-)” rating to a “buy (b)” rating in a report on Tuesday, June 23rd. Evercore reissued an “outperform” rating and issued a $54.00 target price on shares of Ally Financial in a research note on Tuesday, April 21st. Morgan Stanley raised their price target on Ally Financial from $53.00 to $55.00 and gave the company an “overweight” rating in a research report on Monday, April 20th. JPMorgan Chase & Co. dropped 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. Finally, Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a $58.00 price objective on shares of Ally Financial in a 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. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $53.86.

Insider Activity

In other news, insider Stephanie N. Richard sold 5,000 shares of the firm’s stock in a transaction dated Friday, May 15th. The stock was sold at an average price of $42.14, for a total transaction of $210,700.00. Following the transaction, the insider directly owned 93,927 shares of the company’s stock, valued at approximately $3,958,083.78. This trade represents a 5.05% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.46% of the company’s stock.

Ally Financial Trading Down 2.5%

Shares of ALLY opened at $42.99 on Thursday. The firm has a market cap of $13.08 billion, a price-to-earnings ratio of 10.14, a PEG ratio of 0.27 and a beta of 1.09. The company has a debt-to-equity ratio of 1.26, a quick ratio of 0.92 and a current ratio of 0.92. Ally Financial Inc. has a fifty-two week low of $35.92 and a fifty-two week high of $47.29. The firm has a 50 day moving average price of $44.40 and a 200-day moving average price of $42.53.

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 analysts’ consensus estimates of $1.22 by ($0.01). Ally Financial had a net margin of 16.75% and a return on equity of 11.75%. The business had revenue of $2.28 billion during the quarter, compared to analysts’ expectations of $2.22 billion. During the same period last year, the company posted $0.99 EPS. Ally Financial’s revenue for the quarter was up 9.8% on a year-over-year basis. As a group, equities research analysts forecast that Ally Financial Inc. will post 5.19 earnings per share for the current year.

Ally Financial Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 14th. Shareholders of record on Friday, July 31st will be given a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 2.8%. The ex-dividend date is 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.