24,009 Shares in Ally Financial Inc. $ALLY Bought by Centaurus Financial Inc.

Centaurus Financial Inc. acquired a new stake in Ally Financial Inc. (NYSE:ALLY) during the 1st quarter, Holdings Channel reports. The fund acquired 24,009 shares of the financial services provider’s stock, valued at approximately $942,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Mirae Asset Global Investments Co. Ltd. acquired a new position in Ally Financial during the fourth quarter worth about $29,000. Fideuram Asset Management Ireland dac acquired a new stake in shares of Ally Financial in the 4th quarter valued at approximately $35,000. Safe Harbor Fiduciary LLC acquired a new stake in shares of Ally Financial in the 4th quarter valued at approximately $37,000. Harvest Fund Management Co. Ltd acquired a new stake in shares of Ally Financial in the 4th quarter valued at approximately $38,000. Finally, CIBC Private Wealth Group LLC grew its holdings in shares of Ally Financial by 805.1% during the 4th quarter. CIBC Private Wealth Group LLC now owns 896 shares of the financial services provider’s stock valued at $41,000 after purchasing an additional 797 shares during the last quarter. Institutional investors own 88.76% of the company’s stock.

Ally Financial Stock Performance

NYSE:ALLY opened at $43.37 on Friday. The stock’s 50-day moving average is $44.44 and its 200-day moving average is $42.52. Ally Financial Inc. has a 1-year low of $35.92 and a 1-year high of $47.29. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 1.26. The stock has a market cap of $13.19 billion, a P/E ratio of 10.23, a price-to-earnings-growth ratio of 0.27 and a beta of 1.09.

Ally Financial (NYSE:ALLY) last issued its quarterly earnings data on Tuesday, July 21st. The financial services provider reported $1.21 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.22 by ($0.01). The business had revenue of $2.28 billion during the quarter, compared to the consensus estimate of $2.22 billion. Ally Financial had a net margin of 16.75% and a return on equity of 11.75%. The firm’s quarterly revenue was up 9.8% compared to the same quarter last year. During the same quarter last year, the business earned $0.99 EPS. Equities research analysts anticipate that Ally Financial Inc. will post 5.19 earnings per share for the current year.

Ally Financial Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 14th. Shareholders of record on Friday, July 31st will be given a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 2.8%. The ex-dividend date is Friday, July 31st. Ally Financial’s dividend payout ratio is 28.30%.

Insider Transactions at Ally Financial

In other Ally Financial news, insider Stephanie N. Richard sold 5,000 shares of the company’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 value of $210,700.00. Following the completion of the transaction, the insider directly owned 93,927 shares in the company, valued at approximately $3,958,083.78. This represents a 5.05% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 0.46% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on ALLY. Weiss Ratings upgraded shares of Ally Financial from a “buy (b-)” rating to a “buy (b)” rating in a research report on Tuesday, June 23rd. Barclays raised their target price on shares of Ally Financial from $54.00 to $56.00 and gave the company an “equal weight” rating in a research report on Monday, April 20th. The Goldman Sachs Group boosted their target price on shares of Ally Financial from $50.00 to $56.00 and gave the stock a “buy” rating in a research note on Monday, April 20th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a $58.00 price target on shares of Ally Financial in a report on Wednesday, July 22nd. Finally, Royal Bank Of Canada increased their price target on Ally Financial from $52.00 to $55.00 and gave the company an “outperform” rating in a research note on Friday, July 10th. Fourteen equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, Ally Financial has a consensus rating of “Moderate Buy” and an average price target of $53.86.

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.