55,361 Shares in Ally Financial Inc. $ALLY Acquired by Flputnam Investment Management Co.

Flputnam Investment Management Co. bought a new stake in Ally Financial Inc. (NYSE:ALLY) during the 2nd quarter, Holdings Channel.com reports. The firm bought 55,361 shares of the financial services provider’s stock, valued at approximately $2,544,000.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in ALLY. Mirae Asset Global Investments Co. Ltd. bought a new position in Ally Financial during the 4th quarter worth approximately $29,000. Fideuram Asset Management Ireland dac acquired a new position in shares of Ally Financial in the 4th quarter worth approximately $35,000. Safe Harbor Fiduciary LLC acquired a new stake in shares of Ally Financial during the fourth quarter worth $37,000. Harvest Fund Management Co. Ltd bought a new position in Ally Financial during the fourth quarter worth $38,000. Finally, SJS Investment Consulting Inc. raised its stake in Ally Financial by 30.8% during the first quarter. SJS Investment Consulting Inc. now owns 1,019 shares of the financial services provider’s stock worth $40,000 after buying an additional 240 shares during the last quarter. Institutional investors and hedge funds own 88.76% of the company’s stock.

Insider Buying and Selling

In other news, insider Stephanie N. Richard sold 5,000 shares of the business’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 sale, the insider 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 transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Company insiders own 0.46% of the company’s stock.

Ally Financial Price Performance

ALLY stock opened at $44.89 on Monday. The stock has a market capitalization of $13.66 billion, a PE ratio of 10.59, a price-to-earnings-growth ratio of 0.28 and a beta of 1.10. The company’s 50-day moving average is $44.82 and its 200-day moving average is $42.61. The company has a debt-to-equity ratio of 1.26, a current ratio of 0.92 and a quick ratio of 0.92. 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 the consensus estimate of $1.22 by ($0.01). Ally Financial had a net margin of 16.75% and a return on equity of 11.75%. The firm had revenue of $2.28 billion during the quarter, compared to analyst estimates of $2.22 billion. During the same quarter in the prior year, the business earned $0.99 earnings per share. The business’s quarterly revenue was up 9.8% on a year-over-year basis. Equities research analysts expect that Ally Financial Inc. will post 5.19 EPS for the current fiscal year.

Ally Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 14th. Shareholders of record on Friday, July 31st were paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 2.7%. The ex-dividend date of this dividend was Friday, July 31st. Ally Financial’s dividend payout ratio (DPR) is 28.30%.

Analyst Ratings Changes

A number of brokerages have commented on ALLY. Wall Street Zen cut shares of Ally Financial from a “buy” rating to a “hold” rating in a research report on Monday, June 8th. Morgan Stanley lifted their price objective on Ally Financial from $53.00 to $55.00 and gave the stock an “overweight” rating in a research report on Monday, April 20th. Barclays boosted their price objective on Ally Financial from $54.00 to $56.00 and gave the company an “equal weight” rating in a research note on Monday, April 20th. Royal Bank Of Canada upped their target price on Ally Financial from $52.00 to $55.00 and gave the company an “outperform” rating in a research report on Friday, July 10th. Finally, The Goldman Sachs Group raised their target price on Ally Financial from $50.00 to $56.00 and gave the stock a “buy” rating in a research note on Monday, April 20th. Fourteen investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $53.64.

About Ally Financial

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.