Northwestern Mutual Wealth Management Co. Buys New Stake in Ally Financial Inc. $ALLY

Northwestern Mutual Wealth Management Co. purchased a new position in shares of Ally Financial Inc. (NYSE:ALLY) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 81,844 shares of the financial services provider’s stock, valued at approximately $3,761,000.

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

Insider Buying and Selling at Ally Financial

In related news, insider Stephanie N. Richard sold 5,000 shares of Ally Financial stock in a transaction that occurred 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. The trade was a 5.32% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.46% of the stock is currently owned by company insiders.

Ally Financial Trading Down 1.1%

NYSE ALLY opened at $42.45 on Tuesday. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 1.26. The stock has a market capitalization of $12.91 billion, a P/E ratio of 10.01, a P/E/G ratio of 0.27 and a beta of 1.10. Ally Financial Inc. has a 52-week low of $35.92 and a 52-week high of $47.29. The firm has a 50-day moving average price of $44.76 and a 200 day moving average price of $42.64.

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

Ally Financial Dividend Announcement

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

Wall Street Analysts Forecast Growth

ALLY has been the topic of a number of research reports. Royal Bank Of Canada raised their price target on Ally Financial from $52.00 to $55.00 and gave the stock an “outperform” rating in a research note on Friday, July 10th. Weiss Ratings upgraded Ally Financial from a “buy (b-)” rating to a “buy (b)” rating in a research note on Tuesday, June 23rd. Bank of America increased their price objective on Ally Financial from $52.00 to $53.00 and gave the company a “buy” rating in a report on Wednesday, July 8th. Wall Street Zen lowered shares of Ally Financial from a “buy” rating to a “hold” rating in a research report on Monday, June 8th. Finally, Wells Fargo & Company raised their price target on Ally Financial from $52.00 to $55.00 and gave the stock an “overweight” rating in a report on Friday, June 26th. Fourteen research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, Ally Financial has a consensus 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.