Jupiter Topco LLC Takes $40.14 Million Position in Ally Financial Inc. $ALLY

Jupiter Topco LLC purchased a new stake in shares of Ally Financial Inc. (NYSE:ALLY) during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 873,598 shares of the financial services provider’s stock, valued at approximately $40,144,000. Jupiter Topco LLC owned 0.29% of Ally Financial at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the business. Fideuram Asset Management Ireland dac acquired a new position in shares of Ally Financial in the 4th quarter valued at about $35,000. Trust Co. of Vermont acquired a new stake in shares of Ally Financial during the second quarter worth approximately $36,000. Safe Harbor Fiduciary LLC acquired a new position in Ally Financial in the 4th quarter valued at approximately $37,000. Harvest Fund Management Co. Ltd acquired a new position in Ally Financial in the 4th quarter valued at approximately $38,000. Finally, SJS Investment Consulting Inc. lifted its position in Ally Financial by 30.8% in the 1st quarter. SJS Investment Consulting Inc. now owns 1,019 shares of the financial services provider’s stock worth $40,000 after buying an additional 240 shares in the last quarter. 88.76% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

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

Ally Financial Price Performance

Shares of NYSE:ALLY opened at $42.82 on Friday. The stock has a market capitalization of $13.02 billion, a P/E ratio of 10.10, a P/E/G ratio of 0.26 and a beta of 1.10. The business has a 50-day moving average of $44.59 and a two-hundred day moving average of $42.64. Ally Financial Inc. has a fifty-two week low of $35.92 and a fifty-two week high of $47.29. The company has a debt-to-equity ratio of 1.26, a current ratio of 0.92 and a quick ratio of 0.92.

Ally Financial (NYSE:ALLY) last issued its quarterly earnings data on Tuesday, July 21st. The financial services provider reported $1.21 EPS 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 company had revenue of $2.28 billion for the quarter, compared to analyst estimates of $2.22 billion. During the same period in the prior year, the company posted $0.99 EPS. The business’s revenue was up 9.8% on a year-over-year basis. On average, equities research analysts predict that Ally Financial Inc. will post 5.19 EPS for the current fiscal year.

Ally Financial Dividend Announcement

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

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the stock. Bank of America lifted their target price on shares of Ally Financial from $52.00 to $53.00 and gave the company a “buy” rating in a research note on Wednesday, July 8th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a $58.00 price target on shares of Ally Financial in a research note on Wednesday, July 22nd. Royal Bank Of Canada increased their price objective on Ally Financial from $52.00 to $55.00 and gave the stock an “outperform” rating in a report on Friday, July 10th. Wall Street Zen cut Ally Financial from a “buy” rating to a “hold” rating in a research report on Monday, June 8th. Finally, Weiss Ratings upgraded Ally Financial from a “buy (b-)” rating to a “buy (b)” rating in a research note on Tuesday, June 23rd. Fourteen analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, Ally Financial presently has an average rating of “Moderate Buy” and a consensus price target of $53.64.

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.