Diversified Trust Co Purchases 51,331 Shares of Ally Financial Inc. $ALLY

Diversified Trust Co grew its position in shares of Ally Financial Inc. (NYSE:ALLY) by 221.7% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 74,482 shares of the financial services provider’s stock after buying an additional 51,331 shares during the period. Diversified Trust Co’s holdings in Ally Financial were worth $2,920,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Fulton Bank N.A. grew its stake in shares of Ally Financial by 1.3% in the second quarter. Fulton Bank N.A. now owns 19,888 shares of the financial services provider’s stock valued at $775,000 after acquiring an additional 260 shares in the last quarter. Integrated Wealth Concepts LLC boosted its holdings in Ally Financial by 0.7% in the 1st quarter. Integrated Wealth Concepts LLC now owns 40,363 shares of the financial services provider’s stock valued at $1,472,000 after purchasing an additional 300 shares during the period. MAI Capital Management boosted its holdings in Ally Financial by 45.1% in the 2nd quarter. MAI Capital Management now owns 975 shares of the financial services provider’s stock valued at $38,000 after purchasing an additional 303 shares during the period. Econ Financial Services Corp grew its position in shares of Ally Financial by 0.5% during the 2nd quarter. Econ Financial Services Corp now owns 59,993 shares of the financial services provider’s stock worth $2,337,000 after purchasing an additional 311 shares in the last quarter. Finally, Amalgamated Bank increased its holdings in shares of Ally Financial by 0.3% during the second quarter. Amalgamated Bank now owns 126,980 shares of the financial services provider’s stock worth $4,946,000 after purchasing an additional 344 shares during the period. Institutional investors and hedge funds own 88.76% of the company’s stock.

Insider Transactions at Ally Financial

In related news, insider Kathleen L. Patterson sold 29,000 shares of the company’s stock in a transaction that occurred on Wednesday, October 22nd. The shares were sold at an average price of $40.86, for a total transaction of $1,184,940.00. Following the completion of the transaction, the insider directly owned 100,203 shares in the company, valued at $4,094,294.58. This represents a 22.45% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.56% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

ALLY has been the subject of several recent research reports. TD Cowen upgraded Ally Financial from a “hold” rating to a “buy” rating and boosted their price target for the company from $43.00 to $50.00 in a research note on Monday, October 20th. Evercore ISI dropped their price objective on Ally Financial from $45.00 to $44.00 and set an “in-line” rating for the company in a report on Tuesday, September 30th. Citigroup increased their target price on Ally Financial from $59.00 to $70.00 and gave the stock a “buy” rating in a report on Monday, September 15th. JPMorgan Chase & Co. raised their price target on Ally Financial from $42.00 to $43.00 and gave the stock an “overweight” rating in a research report on Monday, October 20th. Finally, Morgan Stanley set a $53.00 price objective on shares of Ally Financial and gave the stock an “overweight” rating in a research report on Tuesday, December 16th. Twelve research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $46.47.

Ally Financial Price Performance

Ally Financial stock opened at $45.56 on Wednesday. The company has a debt-to-equity ratio of 1.31, a quick ratio of 0.92 and a current ratio of 0.92. Ally Financial Inc. has a 52 week low of $29.52 and a 52 week high of $46.78. The stock has a market capitalization of $14.04 billion, a P/E ratio of 27.45, a price-to-earnings-growth ratio of 0.32 and a beta of 1.22. The stock has a fifty day moving average of $41.78 and a 200-day moving average of $40.42.

Ally Financial (NYSE:ALLY) last released its quarterly earnings data on Monday, July 28th. The financial services provider reported $0.99 earnings per share for the quarter. Ally Financial had a return on equity of 9.96% and a net margin of 8.10%.The business had revenue of $2.06 billion for the quarter. On average, sell-side analysts expect that Ally Financial Inc. will post 3.57 earnings per share for the current fiscal year.

Ally Financial declared that its Board of Directors has approved a share buyback plan on Wednesday, December 10th that permits the company to repurchase $2.00 billion in shares. This repurchase authorization permits the financial services provider to purchase up to 15.3% of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s board believes its shares are undervalued.

Ally Financial Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, November 14th. Investors of record on Friday, October 31st were issued a dividend of $0.30 per share. The ex-dividend date of this dividend was Friday, October 31st. This represents a $1.20 annualized dividend and a dividend yield of 2.6%. Ally Financial’s payout ratio is 72.29%.

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.