Concurrent Investment Advisors LLC Invests $1.89 Million in Ally Financial Inc. $ALLY

Concurrent Investment Advisors LLC acquired a new stake in Ally Financial Inc. (NYSE:ALLY) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 41,813 shares of the financial services provider’s stock, valued at approximately $1,894,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Mirae Asset Global Investments Co. Ltd. bought a new stake in Ally Financial in the fourth quarter valued at about $29,000. Mather Group LLC. bought a new stake in Ally Financial in the third quarter valued at about $31,000. Larson Financial Group LLC increased its holdings in Ally Financial by 67.0% in the third quarter. Larson Financial Group LLC now owns 1,072 shares of the financial services provider’s stock valued at $42,000 after buying an additional 430 shares during the last quarter. Smartleaf Asset Management LLC increased its holdings in Ally Financial by 98.7% in the third quarter. Smartleaf Asset Management LLC now owns 1,111 shares of the financial services provider’s stock valued at $44,000 after buying an additional 552 shares during the last quarter. Finally, Allworth Financial LP increased its holdings in Ally Financial by 53.5% in the third quarter. Allworth Financial LP now owns 1,154 shares of the financial services provider’s stock valued at $45,000 after buying an additional 402 shares during the last quarter. 88.76% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several analysts recently weighed in on the company. Barclays boosted their price objective on Ally Financial from $54.00 to $56.00 and gave the company an “equal weight” rating in a report on Monday, April 20th. JPMorgan Chase & Co. lowered their price objective on Ally Financial from $48.00 to $46.00 and set an “overweight” rating for the company in a report on Thursday, April 9th. UBS Group set a $48.00 price objective on Ally Financial in a report on Monday, January 12th. Weiss Ratings lowered Ally Financial from a “buy (b-)” rating to a “hold (c+)” rating in a report on Thursday, February 26th. Finally, BTIG Research reissued a “neutral” rating on shares of Ally Financial in a report on Tuesday, January 6th. Thirteen equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $54.14.

Insider Activity at Ally Financial

In other news, insider Douglas R. Timmerman sold 39,675 shares of the company’s stock in a transaction that occurred on Friday, April 17th. The stock was sold at an average price of $45.17, for a total transaction of $1,792,119.75. Following the completion of the transaction, the insider directly owned 477,627 shares of the company’s stock, valued at approximately $21,574,411.59. This represents a 7.67% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.46% of the company’s stock.

Ally Financial Stock Down 1.3%

NYSE:ALLY opened at $43.82 on Thursday. The firm has a market capitalization of $13.49 billion, a PE ratio of 10.69, a price-to-earnings-growth ratio of 0.27 and a beta of 1.14. The stock has a 50 day moving average of $40.58 and a 200-day moving average of $41.61. Ally Financial Inc. has a 52 week low of $31.45 and a 52 week high of $47.27. 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 (NYSE:ALLY) last posted its earnings results 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 company had revenue of $2.18 billion during the quarter, compared to analyst estimates of $2.14 billion. Ally Financial had a return on equity of 11.41% and a net margin of 16.47%.The business’s revenue was up 36.4% compared to the same quarter last year. During the same period in the prior year, the company earned $0.58 earnings per share. Analysts predict that Ally Financial Inc. will post 5.3 EPS for the current year.

Ally Financial Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, May 15th. Stockholders of record on Friday, May 1st will be issued a dividend of $0.30 per share. The ex-dividend date of this dividend is Friday, May 1st. This represents a $1.20 annualized dividend and a dividend yield of 2.7%. Ally Financial’s dividend payout ratio is 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.