Ally Financial Inc. $ALLY Shares Acquired by Private Trust Co. NA

Private Trust Co. NA grew its position in Ally Financial Inc. (NYSE:ALLY) by 44.4% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,320 shares of the financial services provider’s stock after acquiring an additional 406 shares during the quarter. Private Trust Co. NA’s holdings in Ally Financial were worth $51,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of ALLY. WPG Advisers LLC acquired a new stake in shares of Ally Financial in the first quarter valued at approximately $25,000. SVB Wealth LLC acquired a new stake in shares of Ally Financial during the first quarter worth $27,000. Bessemer Group Inc. lifted its holdings in shares of Ally Financial by 59.6% during the first quarter. Bessemer Group Inc. now owns 1,010 shares of the financial services provider’s stock worth $37,000 after purchasing an additional 377 shares during the period. Zions Bancorporation National Association UT acquired a new stake in shares of Ally Financial during the first quarter worth $74,000. Finally, NewEdge Advisors LLC lifted its holdings in shares of Ally Financial by 22.8% during the first quarter. NewEdge Advisors LLC now owns 2,235 shares of the financial services provider’s stock worth $82,000 after purchasing an additional 415 shares during the period. 88.76% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Ally Financial

In other news, insider Kathleen L. Patterson sold 29,000 shares of the firm’s stock in a transaction on Wednesday, October 22nd. The stock was sold at an average price of $40.86, for a total value of $1,184,940.00. Following the completion of the transaction, the insider owned 100,203 shares in the company, valued at $4,094,294.58. This trade represents a 22.45% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 0.67% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

ALLY has been the subject of several recent research reports. Evercore ISI decreased their price target on Ally Financial from $45.00 to $44.00 and set an “in-line” rating for the company in a report on Tuesday, September 30th. Citigroup increased their price target on Ally Financial from $59.00 to $70.00 and gave the stock a “buy” rating in a report on Monday, September 15th. JPMorgan Chase & Co. increased their price target on Ally Financial from $42.00 to $43.00 and gave the stock an “overweight” rating in a report on Monday. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of Ally Financial in a report on Monday, July 14th. Finally, Truist Financial increased their price target on Ally Financial from $45.00 to $47.00 and gave the stock a “buy” rating in a report on Monday. Eleven research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $45.67.

Ally Financial Trading Up 1.0%

NYSE:ALLY opened at $41.01 on Friday. Ally Financial Inc. has a 1 year low of $29.52 and a 1 year high of $44.83. The stock has a market capitalization of $12.62 billion, a price-to-earnings ratio of 24.71, a PEG ratio of 0.30 and a beta of 1.18. The stock has a fifty day moving average price of $40.59 and a two-hundred day moving average price of $37.68. The company has a debt-to-equity ratio of 1.31, a quick ratio of 0.92 and a current ratio of 0.92.

Ally Financial (NYSE:ALLY) last announced its quarterly earnings results on Monday, July 28th. The financial services provider reported $0.99 earnings per share for the quarter. Ally Financial had a return on equity of 9.96% and a net margin of 8.10%.The business had revenue of $2.06 billion during the quarter. As a group, sell-side analysts anticipate that Ally Financial Inc. will post 3.57 earnings per share for the current fiscal year.

Ally Financial Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, November 14th. Stockholders of record on Friday, October 31st will be given a $0.30 dividend. The ex-dividend date is Friday, October 31st. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.9%. Ally Financial’s dividend payout ratio (DPR) is currently 72.29%.

Ally Financial Profile

Ally Financial Inc, a digital financial-services company, provides various digital financial products and services in the United States, Canada, and Bermuda. The company operates through Automotive Finance Operations, Insurance Operations, Mortgage Finance Operations, and Corporate Finance Operations segments.