Oldfield Partners LLP Has $74.21 Million Position in Ally Financial Inc. $ALLY

Oldfield Partners LLP raised its position in Ally Financial Inc. (NYSE:ALLY) by 27.4% during the second quarter, Holdings Channel reports. The firm owned 1,615,100 shares of the financial services provider’s stock after purchasing an additional 347,700 shares during the period. Ally Financial comprises 17.9% of Oldfield Partners LLP’s portfolio, making the stock its 2nd largest holding. Oldfield Partners LLP’s holdings in Ally Financial were worth $74,214,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of the company. Mirae Asset Global Investments Co. Ltd. acquired a new stake in shares of Ally Financial during the fourth quarter worth $29,000. Fideuram Asset Management Ireland dac acquired a new position in Ally Financial in the fourth quarter valued at $35,000. Safe Harbor Fiduciary LLC bought a new stake in Ally Financial during the fourth quarter valued at $37,000. Harvest Fund Management Co. Ltd bought a new stake in Ally Financial during the fourth quarter valued at $38,000. Finally, SJS Investment Consulting Inc. grew its holdings in Ally Financial by 30.8% during the 1st quarter. SJS Investment Consulting Inc. now owns 1,019 shares of the financial services provider’s stock worth $40,000 after acquiring an additional 240 shares during the period. 88.76% of the stock is owned by institutional investors.

Ally Financial Stock Performance

ALLY opened at $44.28 on Thursday. Ally Financial Inc. has a 1-year low of $35.92 and a 1-year high of $47.29. The company has a market cap of $13.47 billion, a price-to-earnings ratio of 10.44, a PEG ratio of 0.27 and a beta of 1.10. The company’s fifty day moving average price is $44.73 and its two-hundred day moving average price is $42.57. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 1.26.

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 for the quarter, compared to analyst estimates 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 in the prior year, the business earned $0.99 earnings per share. On average, analysts expect that Ally Financial Inc. will post 5.19 EPS for the current fiscal year.

Ally Financial Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, August 14th. Shareholders of record on Friday, July 31st will be paid a dividend of $0.30 per share. The ex-dividend date is Friday, July 31st. This represents a $1.20 dividend on an annualized basis and a yield of 2.7%. Ally Financial’s payout ratio is 28.30%.

Insider Transactions 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 transaction of $221,150.00. Following the transaction, the insider owned 88,927 shares of the company’s stock, valued at $3,933,241.21. The trade was a 5.32% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 0.46% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently issued reports on ALLY. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a $58.00 price objective on shares of Ally Financial in a research note on Wednesday, July 22nd. Evercore reaffirmed an “outperform” rating and set a $54.00 target price on shares of Ally Financial in a research note on Tuesday, April 21st. Wall Street Zen downgraded Ally Financial from a “buy” rating to a “hold” rating in a report on Monday, June 8th. Weiss Ratings raised Ally Financial from a “buy (b-)” rating to a “buy (b)” rating in a research note on Tuesday, June 23rd. Finally, Citigroup cut their price target on Ally Financial from $70.00 to $58.00 and set a “buy” rating on the stock in a report on Tuesday, June 23rd. Fourteen equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Ally Financial presently has an average rating of “Moderate Buy” and an average target price 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.