Atlas Capital Advisors Inc. Takes $520,000 Position in Ally Financial Inc. $ALLY

Atlas Capital Advisors Inc. purchased a new stake in shares of Ally Financial Inc. (NYSE:ALLY) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 11,474 shares of the financial services provider’s stock, valued at approximately $520,000.

A number of other institutional investors have also recently made changes to their positions in ALLY. Wellington Management Group LLP boosted its holdings in Ally Financial by 19.6% in the third quarter. Wellington Management Group LLP now owns 11,938,680 shares of the financial services provider’s stock worth $467,996,000 after purchasing an additional 1,958,201 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in Ally Financial by 3.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 8,708,942 shares of the financial services provider’s stock worth $394,432,000 after purchasing an additional 295,048 shares during the last quarter. Arrowstreet Capital Limited Partnership boosted its holdings in Ally Financial by 4.2% in the third quarter. Arrowstreet Capital Limited Partnership now owns 5,626,748 shares of the financial services provider’s stock worth $220,569,000 after purchasing an additional 226,188 shares during the last quarter. Geode Capital Management LLC boosted its holdings in Ally Financial by 4.7% in the fourth quarter. Geode Capital Management LLC now owns 5,381,838 shares of the financial services provider’s stock worth $243,795,000 after purchasing an additional 241,000 shares during the last quarter. Finally, Thrivent Financial for Lutherans boosted its holdings in Ally Financial by 0.5% in the fourth quarter. Thrivent Financial for Lutherans now owns 3,867,023 shares of the financial services provider’s stock worth $175,137,000 after purchasing an additional 20,198 shares during the last quarter. Hedge funds and other institutional investors own 88.76% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on ALLY. Weiss Ratings cut shares of Ally Financial from a “buy (b)” rating to a “buy (b-)” rating in a report on Tuesday, May 26th. Evercore restated an “outperform” rating and issued a $54.00 target price on shares of Ally Financial in a report on Tuesday, April 21st. Truist Financial set a $54.00 target price on shares of Ally Financial in a report on Tuesday, April 21st. Barclays raised their target price on shares of Ally Financial from $54.00 to $56.00 and gave the stock an “equal weight” rating in a report on Monday, April 20th. Finally, JPMorgan Chase & Co. decreased their price target on shares of Ally Financial from $48.00 to $46.00 and set an “overweight” rating on the stock in a research report on Thursday, April 9th. Fourteen analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $54.14.

Insider Buying and Selling at Ally Financial

In other news, insider Douglas R. Timmerman sold 39,675 shares of the firm’s stock in a transaction on Friday, April 17th. The shares were sold at an average price of $45.17, for a total transaction of $1,792,119.75. Following the sale, the insider directly owned 477,627 shares in the company, valued at $21,574,411.59. This trade represents a 7.67% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Stephanie N. Richard sold 5,000 shares of the firm’s stock in a transaction 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 sale, the insider owned 93,927 shares in the company, valued at $3,958,083.78. The trade was a 5.05% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 0.46% of the stock is owned by company insiders.

Ally Financial Stock Up 2.6%

ALLY opened at $45.52 on Tuesday. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 1.31. Ally Financial Inc. has a 1-year low of $35.92 and a 1-year high of $47.27. The company has a market capitalization of $13.95 billion, a PE ratio of 11.10, a PEG ratio of 0.27 and a beta of 1.10. The firm’s 50 day simple moving average is $42.92 and its two-hundred day simple moving average is $42.34.

Ally Financial (NYSE:ALLY) last announced its quarterly earnings data on Friday, April 17th. The financial services provider reported $1.11 EPS for the quarter, beating the consensus estimate of $0.93 by $0.18. The firm had revenue of $2.18 billion for 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 company’s revenue was up 36.4% on a year-over-year basis. During the same period last year, the firm earned $0.58 EPS. As a group, equities analysts forecast that Ally Financial Inc. will post 5.28 EPS for the current year.

Ally Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 15th. Stockholders of record on Friday, May 1st were given a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 2.6%. The ex-dividend date was Friday, May 1st. Ally Financial’s dividend payout ratio (DPR) is presently 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.