Callan Family Office LLC Acquires Shares of 13,067 Ally Financial Inc. $ALLY

Callan Family Office LLC bought a new position in shares of Ally Financial Inc. (NYSE:ALLY) during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund bought 13,067 shares of the financial services provider’s stock, valued at approximately $600,000.

A number of other large investors have also modified their holdings of the business. BlackRock Inc. acquired a new stake in shares of Ally Financial in the second quarter valued at approximately $1,315,659,000. Donald Smith & CO. Inc. acquired a new position in Ally Financial during the second quarter worth $172,509,000. Norges Bank acquired a new position in Ally Financial during the fourth quarter worth $157,610,000. Wellington Management Group LLP grew its holdings in Ally Financial by 19.5% in the 4th quarter. Wellington Management Group LLP now owns 14,271,290 shares of the financial services provider’s stock valued at $646,347,000 after buying an additional 2,332,610 shares in the last quarter. Finally, Bank of New York Mellon Corp acquired a new stake in shares of Ally Financial in the 2nd quarter worth $103,930,000. Hedge funds and other institutional investors own 88.76% of the company’s stock.

Ally Financial Price Performance

NYSE:ALLY opened at $42.65 on Wednesday. Ally Financial Inc. has a 52 week low of $35.92 and a 52 week high of $47.29. The stock’s fifty day moving average is $44.70 and its two-hundred day moving average is $42.63. The company has a market capitalization of $12.98 billion, a P/E ratio of 10.06, a P/E/G ratio of 0.26 and a beta of 1.10. 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 released its quarterly earnings results 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). The business had revenue of $2.28 billion for the quarter, compared to analysts’ expectations of $2.22 billion. Ally Financial had a return on equity of 11.75% and a net margin of 16.75%.The business’s revenue for the quarter was up 9.8% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.99 earnings per share. Equities analysts expect that Ally Financial Inc. will post 5.19 EPS for the current year.

Ally Financial Announces Dividend

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

Insider Buying and Selling at Ally Financial

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 shares were sold at an average price of $44.23, for a total value of $221,150.00. Following the sale, the insider directly owned 88,927 shares of the company’s stock, valued at approximately $3,933,241.21. The trade was a 5.32% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.46% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several research analysts have recently commented on the company. Weiss Ratings upgraded Ally Financial from a “buy (b-)” rating to a “buy (b)” rating in a report on Tuesday, June 23rd. Wall Street Zen lowered shares of Ally Financial from a “buy” rating to a “hold” rating in a report on Monday, June 8th. Royal Bank Of Canada raised their price objective on shares of Ally Financial from $52.00 to $55.00 and gave the stock an “outperform” rating in a research report on Friday, July 10th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a $58.00 target price on shares of Ally Financial in a research note on Wednesday, July 22nd. Finally, Wells Fargo & Company boosted their target price on shares of Ally Financial from $52.00 to $55.00 and gave the company an “overweight” rating in a report on Friday, June 26th. Fourteen analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, Ally Financial currently has an average rating of “Moderate Buy” and a consensus 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.