Quantbot Technologies LP Invests $6.91 Million in Ally Financial Inc. $ALLY

Quantbot Technologies LP purchased a new stake in shares of Ally Financial Inc. (NYSE:ALLY) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 150,464 shares of the financial services provider’s stock, valued at approximately $6,914,000.

Other hedge funds have also added to or reduced their stakes in the company. Mirae Asset Global Investments Co. Ltd. bought a new stake in Ally Financial during the 4th quarter worth about $29,000. Fideuram Asset Management Ireland dac acquired a new position in Ally Financial during the 4th quarter valued at about $35,000. Trust Co. of Vermont bought a new position in shares of Ally Financial in the 2nd quarter valued at about $36,000. Safe Harbor Fiduciary LLC bought a new position in shares of Ally Financial in the 4th quarter valued at about $37,000. Finally, Harvest Fund Management Co. Ltd acquired a new stake in shares of Ally Financial during the 4th quarter worth approximately $38,000. Institutional investors own 88.76% of the company’s stock.

Insider Activity at Ally Financial

In related news, insider Stephanie N. Richard sold 5,000 shares of the company’s stock in a transaction on Tuesday, August 4th. The shares were sold at an average price of $44.23, for a total value 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. This represents a 5.32% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.46% of the stock is currently owned by corporate insiders.

Ally Financial Stock Performance

Shares of NYSE:ALLY opened at $42.96 on Friday. The firm’s 50 day simple moving average is $44.82 and its 200 day simple moving average is $42.63. Ally Financial Inc. has a fifty-two week low of $35.92 and a fifty-two week high of $47.29. The company has a market capitalization of $13.07 billion, a price-to-earnings ratio of 10.13, a P/E/G ratio of 0.27 and a beta of 1.10. 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 (NYSE:ALLY) last issued 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 firm had revenue of $2.28 billion for the quarter, compared to analyst estimates of $2.22 billion. During the same quarter in the prior year, the firm posted $0.99 EPS. The firm’s revenue for the quarter was up 9.8% compared to the same quarter last year. As a group, sell-side analysts forecast that Ally Financial Inc. will post 5.19 earnings per share for the current year.

Ally Financial Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, August 14th. Stockholders of record on Friday, July 31st were issued a $0.30 dividend. The ex-dividend date of this dividend was Friday, July 31st. This represents a $1.20 annualized dividend and a dividend yield of 2.8%. Ally Financial’s payout ratio is 28.30%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on ALLY shares. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a $58.00 price target 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 report on Tuesday, June 23rd. Bank of America upped their target price on shares of Ally Financial from $52.00 to $53.00 and gave the company a “buy” rating in a research report on Wednesday, July 8th. Wall Street Zen downgraded Ally Financial from a “buy” rating to a “hold” rating in a research note on Monday, June 8th. Finally, Royal Bank Of Canada raised their price target on Ally Financial from $52.00 to $55.00 and gave the stock an “outperform” rating in a research report on Friday, July 10th. Fourteen research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average 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.