Aigen Investment Management LP Takes Position in Ally Financial Inc. $ALLY

Aigen Investment Management LP acquired a new stake in Ally Financial Inc. (NYSE:ALLY) during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 15,749 shares of the financial services provider’s stock, valued at approximately $713,000.

A number of other institutional investors also recently modified their holdings of ALLY. Royal Bank of Canada boosted its stake in Ally Financial by 106.5% during the first quarter. Royal Bank of Canada now owns 251,123 shares of the financial services provider’s stock worth $9,158,000 after acquiring an additional 129,497 shares in the last quarter. NewEdge Advisors LLC raised its holdings in shares of Ally Financial by 22.8% in the first quarter. NewEdge Advisors LLC now owns 2,235 shares of the financial services provider’s stock valued at $82,000 after purchasing an additional 415 shares during the last quarter. Empowered Funds LLC raised its holdings in shares of Ally Financial by 11.1% in the first quarter. Empowered Funds LLC now owns 12,900 shares of the financial services provider’s stock valued at $470,000 after purchasing an additional 1,292 shares during the last quarter. Focus Partners Wealth purchased a new stake in shares of Ally Financial in the first quarter valued at about $259,000. Finally, EverSource Wealth Advisors LLC raised its holdings in shares of Ally Financial by 374.9% in the second quarter. EverSource Wealth Advisors LLC now owns 1,477 shares of the financial services provider’s stock valued at $58,000 after purchasing an additional 1,166 shares during the last quarter. 88.76% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several analysts have recently commented on ALLY shares. JPMorgan Chase & Co. lowered their target price on shares of Ally Financial from $48.00 to $46.00 and set an “overweight” rating for the company in a report on Thursday, April 9th. Weiss Ratings downgraded shares of Ally Financial from a “buy (b)” rating to a “buy (b-)” rating in a report on Tuesday, May 26th. Barclays increased their target price on shares of Ally Financial from $54.00 to $56.00 and gave the company an “equal weight” rating in a report on Monday, April 20th. The Goldman Sachs Group raised their price objective on shares of Ally Financial from $50.00 to $56.00 and gave the stock a “buy” rating in a report on Monday, April 20th. Finally, Bank of America raised their price objective on shares of Ally Financial from $51.00 to $52.00 and gave the stock a “buy” rating in a report on Friday, April 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 stock currently has an average rating of “Moderate Buy” and an average price target of $54.14.

Insider Buying and Selling

In related news, insider Douglas R. Timmerman sold 39,675 shares of the firm’s stock in a transaction that occurred on Friday, April 17th. The shares were sold at an average price of $45.17, for a total value of $1,792,119.75. Following the sale, the insider directly owned 477,627 shares of the company’s stock, valued at $21,574,411.59. This trade represents a 7.67% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Stephanie N. Richard sold 5,000 shares of the firm’s stock in a transaction that occurred on Friday, May 15th. The shares were sold at an average price of $42.14, for a total transaction of $210,700.00. Following the completion of the sale, the insider directly owned 93,927 shares in the company, valued at $3,958,083.78. This represents a 5.05% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 0.46% of the stock is currently owned by company insiders.

Ally Financial Stock Performance

NYSE ALLY opened at $44.41 on Monday. Ally Financial Inc. has a 52-week low of $35.90 and a 52-week high of $47.27. The company has a 50-day simple moving average of $42.81 and a 200 day simple moving average of $42.31. The company has a debt-to-equity ratio of 1.31, a quick ratio of 0.93 and a current ratio of 0.93. The company has a market capitalization of $13.61 billion, a PE ratio of 10.83, a price-to-earnings-growth ratio of 0.27 and a beta of 1.10.

Ally Financial (NYSE:ALLY) last posted its quarterly earnings data on Friday, April 17th. The financial services provider reported $1.11 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.93 by $0.18. The business had revenue of $2.18 billion during the quarter, compared to the consensus estimate of $2.14 billion. Ally Financial had a net margin of 16.47% and a return on equity of 11.41%. The firm’s quarterly revenue was up 36.4% compared to the same quarter last year. During the same quarter last year, the company posted $0.58 earnings per share. On average, research analysts predict that Ally Financial Inc. will post 5.28 EPS for the current year.

Ally Financial Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, May 15th. Shareholders of record on Friday, May 1st were given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 2.7%. The ex-dividend date was Friday, May 1st. Ally Financial’s dividend payout ratio (DPR) is currently 29.27%.

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.