Glenmede Trust Co. NA Increases Holdings in Ally Financial Inc. $ALLY

Glenmede Trust Co. NA boosted its stake in Ally Financial Inc. (NYSE:ALLY) by 88.4% in the first quarter, Holdings Channel reports. The fund owned 51,806 shares of the financial services provider’s stock after buying an additional 24,302 shares during the quarter. Glenmede Trust Co. NA’s holdings in Ally Financial were worth $2,032,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. SJS Investment Consulting Inc. grew its position in shares of Ally Financial by 30.8% during the 1st quarter. SJS Investment Consulting Inc. now owns 1,019 shares of the financial services provider’s stock valued at $40,000 after buying an additional 240 shares during the last quarter. Fifth Third Wealth Advisors LLC increased its position in Ally Financial by 3.1% in the first quarter. Fifth Third Wealth Advisors LLC now owns 8,010 shares of the financial services provider’s stock worth $314,000 after buying an additional 243 shares during the period. Brown Brothers Harriman & Co. boosted its holdings in shares of Ally Financial by 31.5% during the fourth quarter. Brown Brothers Harriman & Co. now owns 1,052 shares of the financial services provider’s stock valued at $48,000 after acquiring an additional 252 shares during the period. Triumph Capital Management grew its position in shares of Ally Financial by 9.2% during the fourth quarter. Triumph Capital Management now owns 3,133 shares of the financial services provider’s stock worth $142,000 after acquiring an additional 265 shares during the last quarter. Finally, Larson Financial Group LLC grew its position in shares of Ally Financial by 25.0% during the fourth quarter. Larson Financial Group LLC now owns 1,340 shares of the financial services provider’s stock worth $61,000 after acquiring an additional 268 shares during the last quarter. Institutional investors and hedge funds own 88.76% of the company’s stock.

Ally Financial Stock Down 0.5%

NYSE:ALLY opened at $44.76 on Thursday. The business’s fifty day moving average price is $44.55 and its 200 day moving average price is $42.52. The firm has a market capitalization of $13.62 billion, a price-to-earnings ratio of 10.56, a PEG ratio of 0.28 and a beta of 1.10. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 1.26. Ally Financial Inc. has a 1-year low of $35.92 and a 1-year high of $47.29.

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

Ally Financial Dividend Announcement

The company also recently announced 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. The ex-dividend date of this dividend is Friday, July 31st. This represents a $1.20 dividend on an annualized basis and a yield of 2.7%. Ally Financial’s payout ratio is currently 28.30%.

Insiders Place Their Bets

In other news, insider Stephanie N. Richard sold 5,000 shares of the company’s stock in a transaction that occurred 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 transaction, the insider directly owned 88,927 shares in the company, valued at $3,933,241.21. The trade was a 5.32% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.46% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the stock. The Goldman Sachs Group raised their price target on shares of Ally Financial from $50.00 to $56.00 and gave the company a “buy” rating in a research note on Monday, April 20th. Truist Financial decreased their price target on Ally Financial from $54.00 to $51.00 and set a “buy” rating for the company in a research note on Tuesday. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a $58.00 price objective on shares of Ally Financial in a research note on Wednesday, July 22nd. Weiss Ratings raised shares of Ally Financial from a “buy (b-)” rating to a “buy (b)” rating in a research note on Tuesday, June 23rd. Finally, Barclays boosted their price target on shares of Ally Financial from $54.00 to $56.00 and gave the stock an “equal weight” rating in a research report on Monday, April 20th. Fourteen analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Ally Financial has a consensus rating of “Moderate Buy” and a consensus target price of $53.64.

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.