Leeward Investments LLC MA Acquires 4,166 Shares of Ally Financial Inc. $ALLY

Leeward Investments LLC MA increased its holdings in shares of Ally Financial Inc. (NYSE:ALLY) by 1.7% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 256,315 shares of the financial services provider’s stock after buying an additional 4,166 shares during the quarter. Leeward Investments LLC MA owned 0.08% of Ally Financial worth $9,983,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of the business. Fulton Bank N.A. lifted its position in shares of Ally Financial by 1.3% during the 2nd quarter. Fulton Bank N.A. now owns 19,888 shares of the financial services provider’s stock worth $775,000 after buying an additional 260 shares during the last quarter. Integrated Wealth Concepts LLC lifted its position in shares of Ally Financial by 0.7% during the 1st quarter. Integrated Wealth Concepts LLC now owns 40,363 shares of the financial services provider’s stock worth $1,472,000 after buying an additional 300 shares during the last quarter. Cidel Asset Management Inc. lifted its position in shares of Ally Financial by 6.6% during the 2nd quarter. Cidel Asset Management Inc. now owns 6,044 shares of the financial services provider’s stock worth $235,000 after buying an additional 376 shares during the last quarter. Bessemer Group Inc. raised its position in Ally Financial by 59.6% in the first quarter. Bessemer Group Inc. now owns 1,010 shares of the financial services provider’s stock valued at $37,000 after purchasing an additional 377 shares during the last quarter. Finally, Private Trust Co. NA raised its position in Ally Financial by 44.4% in the second quarter. Private Trust Co. NA now owns 1,320 shares of the financial services provider’s stock valued at $51,000 after purchasing an additional 406 shares during the last quarter. 88.76% of the stock is currently owned by institutional investors.

Ally Financial Trading Up 1.9%

NYSE ALLY opened at $41.80 on Friday. The business has a 50 day simple moving average of $40.65 and a 200 day simple moving average of $37.80. Ally Financial Inc. has a one year low of $29.52 and a one year high of $44.83. The stock has a market capitalization of $12.86 billion, a P/E ratio of 25.18, a P/E/G ratio of 0.31 and a beta of 1.18. The company has a debt-to-equity ratio of 1.31, a current ratio of 0.92 and a quick ratio of 0.92.

Ally Financial (NYSE:ALLY) last released its earnings results on Monday, July 28th. The financial services provider reported $0.99 EPS 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. Research analysts expect that Ally Financial Inc. will post 3.57 earnings per share for the current year.

Ally Financial Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 14th. Investors of record on Friday, October 31st will be paid a dividend of $0.30 per share. The ex-dividend date of this dividend is Friday, October 31st. This represents a $1.20 annualized dividend and a yield of 2.9%. Ally Financial’s dividend payout ratio (DPR) is currently 72.29%.

Insider Buying and Selling

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

Analyst Ratings Changes

Several research firms have commented on ALLY. Royal Bank Of Canada reiterated an “outperform” rating on shares of Ally Financial in a research report on Monday, July 14th. Citigroup raised their price objective on Ally Financial from $59.00 to $70.00 and gave the stock a “buy” rating in a research report on Monday, September 15th. Morgan Stanley raised their price objective on Ally Financial from $47.00 to $52.00 and gave the stock an “overweight” rating in a research report on Monday, September 29th. Wells Fargo & Company upgraded Ally Financial from an “underweight” rating to an “equal weight” rating and raised their price objective for the stock from $37.00 to $45.00 in a research report on Tuesday, September 2nd. Finally, Weiss Ratings restated a “hold (c+)” rating on shares of Ally Financial in a research report on Tuesday, October 14th. Eleven research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. According to data from MarketBeat.com, Ally Financial currently has an average rating of “Moderate Buy” and an average price target of $45.67.

About Ally Financial

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.