Jump Financial LLC Acquires 825,415 Shares of Ally Financial Inc. $ALLY

Jump Financial LLC raised its holdings in shares of Ally Financial Inc. (NYSE:ALLY) by 353.4% during the second quarter, according to its most recent filing with the SEC. The firm owned 1,058,947 shares of the financial services provider’s stock after purchasing an additional 825,415 shares during the period. Ally Financial accounts for about 0.5% of Jump Financial LLC’s portfolio, making the stock its 19th largest position. Jump Financial LLC owned 0.34% of Ally Financial worth $41,246,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of the business. WPG Advisers LLC bought a new position in shares of Ally Financial during the first quarter valued at approximately $25,000. SVB Wealth LLC bought a new position in Ally Financial in the first quarter worth approximately $27,000. Allworth Financial LP lifted its holdings in Ally Financial by 385.2% during the second quarter. Allworth Financial LP now owns 752 shares of the financial services provider’s stock worth $29,000 after buying an additional 597 shares during the period. Hantz Financial Services Inc. boosted its position in Ally Financial by 662.0% during the 2nd quarter. Hantz Financial Services Inc. now owns 823 shares of the financial services provider’s stock valued at $32,000 after acquiring an additional 715 shares in the last quarter. Finally, Westside Investment Management Inc. boosted its position in Ally Financial by 116.8% during the 2nd quarter. Westside Investment Management Inc. now owns 837 shares of the financial services provider’s stock valued at $34,000 after acquiring an additional 451 shares in the last quarter. Hedge funds and other institutional investors own 88.76% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on ALLY shares. Cowen raised Ally Financial from a “hold” rating to a “buy” rating in a research report on Monday, October 20th. Evercore ISI cut their target price on Ally Financial from $45.00 to $44.00 and set an “in-line” rating on the stock in a research note on Tuesday, September 30th. Wells Fargo & Company upgraded shares of Ally Financial from an “underweight” rating to an “equal weight” rating and boosted their target price for the stock from $37.00 to $45.00 in a report on Tuesday, September 2nd. Citigroup increased their price target on shares of Ally Financial from $59.00 to $70.00 and gave the company a “buy” rating in a research report on Monday, September 15th. Finally, Weiss Ratings restated a “buy (b-)” rating on shares of Ally Financial in a report on Monday, December 1st. Twelve analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat.com, Ally Financial presently has an average rating of “Moderate Buy” and an average target price of $45.67.

Insider Buying and Selling at Ally Financial

In other news, insider Kathleen L. Patterson sold 29,000 shares of the stock in a transaction dated Wednesday, October 22nd. The stock was sold at an average price of $40.86, for a total value of $1,184,940.00. Following the transaction, the insider directly owned 100,203 shares of the company’s stock, valued at approximately $4,094,294.58. This represents a 22.45% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.67% of the company’s stock.

Ally Financial Price Performance

Shares of ALLY stock opened at $42.39 on Friday. Ally Financial Inc. has a fifty-two week low of $29.52 and a fifty-two week high of $44.83. The company has a debt-to-equity ratio of 1.31, a quick ratio of 0.92 and a current ratio of 0.92. The firm has a market capitalization of $13.06 billion, a price-to-earnings ratio of 25.54, a PEG ratio of 0.29 and a beta of 1.22. The stock’s 50-day simple moving average is $39.78 and its 200-day simple moving average is $39.21.

Ally Financial (NYSE:ALLY) last announced its quarterly earnings data on Monday, July 28th. The financial services provider reported $0.99 EPS for the quarter. The firm had revenue of $2.06 billion during the quarter. Ally Financial had a net margin of 8.10% and a return on equity of 9.96%. As a group, equities analysts forecast that Ally Financial Inc. will post 3.57 earnings per share for the current fiscal year.

Ally Financial Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, November 14th. Shareholders of record on Friday, October 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 was Friday, October 31st. Ally Financial’s payout ratio is presently 72.29%.

Ally Financial Profile

Ally Financial Inc, a digital financial-services company, provides various digital financial products and services in the United States, Canada, and Bermuda. The company operates through Automotive Finance Operations, Insurance Operations, Mortgage Finance Operations, and Corporate Finance Operations segments.