F M Investments LLC Buys New Stake in Ally Financial Inc. (NYSE:ALLY)

F M Investments LLC bought a new stake in Ally Financial Inc. (NYSE:ALLY) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 55,153 shares of the financial services provider’s stock, valued at approximately $2,199,000.

Several other large investors have also recently bought and sold shares of the business. Allspring Global Investments Holdings LLC boosted its stake in shares of Ally Financial by 510.7% during the second quarter. Allspring Global Investments Holdings LLC now owns 629 shares of the financial services provider’s stock worth $25,000 after buying an additional 526 shares during the period. Transcendent Capital Group LLC acquired a new stake in shares of Ally Financial during the first quarter worth about $28,000. Northwest Financial Advisors acquired a new stake in shares of Ally Financial during the fourth quarter worth about $31,000. Rise Advisors LLC acquired a new stake in shares of Ally Financial during the first quarter worth about $32,000. Finally, Quarry LP lifted its position in Ally Financial by 165.7% in the fourth quarter. Quarry LP now owns 959 shares of the financial services provider’s stock valued at $33,000 after purchasing an additional 598 shares during the period. Hedge funds and other institutional investors own 88.76% of the company’s stock.

Analyst Upgrades and Downgrades

ALLY has been the subject of a number of recent research reports. JPMorgan Chase & Co. raised shares of Ally Financial from an “underweight” rating to a “neutral” rating and raised their price objective for the stock from $39.00 to $45.00 in a research note on Monday, July 8th. Royal Bank of Canada raised their target price on shares of Ally Financial from $46.00 to $49.00 and gave the stock an “outperform” rating in a research report on Thursday, July 18th. Evercore ISI lifted their price target on shares of Ally Financial from $43.00 to $45.00 and gave the company an “in-line” rating in a report on Tuesday, June 25th. Wells Fargo & Company lifted their price target on shares of Ally Financial from $33.00 to $37.00 and gave the company an “underweight” rating in a report on Thursday, July 18th. Finally, BTIG Research started coverage on shares of Ally Financial in a report on Friday, June 7th. They issued a “buy” rating and a $51.00 price target on the stock. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $42.78.

Ally Financial Stock Up 1.7 %

Ally Financial stock traded up $0.73 during trading hours on Friday, hitting $43.19. The company had a trading volume of 3,637,234 shares, compared to its average volume of 3,213,281. The firm has a market capitalization of $13.13 billion, a P/E ratio of 17.45, a price-to-earnings-growth ratio of 0.42 and a beta of 1.41. The company has a debt-to-equity ratio of 1.39, a current ratio of 0.92 and a quick ratio of 0.91. The firm’s fifty day moving average is $41.65 and its 200-day moving average is $39.55. Ally Financial Inc. has a fifty-two week low of $22.54 and a fifty-two week high of $45.46.

Ally Financial (NYSE:ALLY) last posted its earnings results on Wednesday, July 17th. The financial services provider reported $0.97 EPS for the quarter, topping the consensus estimate of $0.64 by $0.33. The company had revenue of $2 billion during the quarter, compared to the consensus estimate of $2.03 billion. Ally Financial had a net margin of 10.26% and a return on equity of 8.37%. The company’s revenue for the quarter was down 3.8% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.96 earnings per share. On average, research analysts forecast that Ally Financial Inc. will post 3.42 earnings per share for the current year.

Ally Financial Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, August 15th. Stockholders of record on Thursday, August 1st were paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.78%. The ex-dividend date was Thursday, August 1st. Ally Financial’s dividend payout ratio is 48.98%.

Ally Financial Company Profile

Ally Financial Inc, a digital financial-services company, provides various digital financial products and services in the United States, Canada, and Bermuda. The company operates through Automotive Finance Operations, Insurance Operations, Mortgage Finance Operations, and Corporate Finance Operations segments.