X Square Capital LLC Purchases Shares of 23,075 Ally Financial Inc. $ALLY

X Square Capital LLC purchased a new position in Ally Financial Inc. (NYSE:ALLY) during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm purchased 23,075 shares of the financial services provider’s stock, valued at approximately $1,060,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Mirae Asset Global Investments Co. Ltd. bought a new position in shares of Ally Financial during the 4th quarter worth about $29,000. Fideuram Asset Management Ireland dac bought a new stake in shares of Ally Financial in the fourth quarter valued at about $35,000. Trust Co. of Vermont acquired a new stake in Ally Financial during the second quarter worth about $36,000. Safe Harbor Fiduciary LLC acquired a new stake in Ally Financial during the fourth quarter worth about $37,000. Finally, Harvest Fund Management Co. Ltd bought a new position in Ally Financial during the fourth quarter valued at about $38,000. 88.76% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Ally Financial news, insider Stephanie N. Richard sold 5,000 shares of the company’s stock in a transaction on Tuesday, August 4th. The stock was sold at an average price of $44.23, for a total value of $221,150.00. Following the sale, the insider directly owned 88,927 shares in the company, valued at $3,933,241.21. This represents a 5.32% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.46% of the stock is owned by company insiders.

Ally Financial Stock Up 1.6%

NYSE ALLY opened at $42.96 on Friday. 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’s 50 day moving average is $44.82 and its two-hundred day moving average is $42.63. The company has a market capitalization of $13.07 billion, a price-to-earnings ratio of 10.13, a PEG ratio of 0.27 and a beta of 1.10. Ally Financial Inc. has a 1-year low of $35.92 and a 1-year high of $47.29.

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

Ally Financial Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, August 14th. Investors of record on Friday, July 31st were paid a $0.30 dividend. The ex-dividend date of this dividend was Friday, July 31st. This represents a $1.20 annualized dividend and a yield of 2.8%. Ally Financial’s payout ratio is currently 28.30%.

Wall Street Analyst Weigh In

ALLY has been the subject of several recent research reports. Wall Street Zen cut Ally Financial from a “buy” rating to a “hold” rating in a report on Monday, June 8th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a $58.00 price objective on shares of Ally Financial in a report on Wednesday, July 22nd. Royal Bank Of Canada boosted their price objective on Ally Financial from $52.00 to $55.00 and gave the company an “outperform” rating in a research report on Friday, July 10th. Citigroup cut their target price on Ally Financial from $70.00 to $58.00 and set a “buy” rating for the company in a research note on Tuesday, June 23rd. Finally, Wells Fargo & Company raised their target price on Ally Financial from $52.00 to $55.00 and gave the stock an “overweight” rating in a research report on Friday, June 26th. Fourteen equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, Ally Financial currently has an average rating of “Moderate Buy” and a consensus price target of $53.64.

Ally Financial 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.