Trillium Asset Management LLC Buys New Stake in Ally Financial Inc. $ALLY

Trillium Asset Management LLC purchased a new position in shares of Ally Financial Inc. (NYSE:ALLY) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 106,333 shares of the financial services provider’s stock, valued at approximately $4,886,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of ALLY. BlackRock Inc. acquired a new position in Ally Financial in the second quarter valued at $1,315,659,000. Wellington Management Group LLP increased its position in shares of Ally Financial by 19.5% during the fourth quarter. Wellington Management Group LLP now owns 14,271,290 shares of the financial services provider’s stock worth $646,347,000 after purchasing an additional 2,332,610 shares in the last quarter. Dimensional Fund Advisors LP increased its position in shares of Ally Financial by 3.6% during the first quarter. Dimensional Fund Advisors LP now owns 9,018,580 shares of the financial services provider’s stock worth $353,776,000 after purchasing an additional 309,638 shares in the last quarter. Arrowstreet Capital Limited Partnership lifted its holdings in shares of Ally Financial by 11.7% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 6,783,947 shares of the financial services provider’s stock valued at $266,134,000 after purchasing an additional 712,443 shares during the last quarter. Finally, Geode Capital Management LLC lifted its holdings in shares of Ally Financial by 4.7% in the 4th quarter. Geode Capital Management LLC now owns 5,381,838 shares of the financial services provider’s stock valued at $243,795,000 after purchasing an additional 241,000 shares during the last quarter. 88.76% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research firms recently issued reports on ALLY. 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 note on Friday, July 10th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a $58.00 price objective on shares of Ally Financial in a research note on Wednesday, July 22nd. Truist Financial lowered their target price on shares of Ally Financial from $54.00 to $51.00 and set a “buy” rating on the stock in a research report on Tuesday, August 4th. Wall Street Zen cut shares of Ally Financial from a “buy” rating to a “hold” rating in a report on Monday, June 8th. Finally, Citigroup reduced their price target on shares of Ally Financial from $70.00 to $58.00 and set a “buy” rating for the company in a research report on Tuesday, June 23rd. Fourteen equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $53.64.

Ally Financial Stock Performance

Shares of ALLY stock opened at $42.39 on Friday. The stock has a market capitalization of $12.90 billion, a PE ratio of 10.00, a price-to-earnings-growth ratio of 0.27 and a beta of 1.10. Ally Financial Inc. has a 52-week low of $35.92 and a 52-week high of $47.29. The stock’s 50-day moving average price is $44.85 and its 200 day moving average price is $42.63. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 1.26.

Ally Financial (NYSE:ALLY) last posted its quarterly earnings data on Tuesday, July 21st. The financial services provider reported $1.21 earnings per share for the quarter, missing analysts’ consensus estimates of $1.22 by ($0.01). Ally Financial had a return on equity of 11.75% and a net margin of 16.75%.The company had revenue of $2.28 billion for the quarter, compared to analyst estimates of $2.22 billion. During the same period in the previous year, the business posted $0.99 earnings per share. The firm’s revenue was up 9.8% compared to the same quarter last year. As a group, equities research analysts forecast that Ally Financial Inc. will post 5.19 EPS for the current year.

Ally Financial Dividend Announcement

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

Insider Activity at Ally Financial

In related news, insider Stephanie N. Richard sold 5,000 shares of the stock in a transaction 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 directly owned 88,927 shares of the company’s stock, valued at $3,933,241.21. This trade represents a 5.32% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.46% of the stock is owned by company insiders.

Ally Financial Company 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.