X Square Capital LLC Invests $1.06 Million in Ally Financial Inc. $ALLY

X Square Capital LLC acquired a new stake in shares of Ally Financial Inc. (NYSE:ALLY) in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 23,075 shares of the financial services provider’s stock, valued at approximately $1,060,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. BlackRock Inc. acquired a new position in Ally Financial in the 2nd quarter worth about $1,315,659,000. Wellington Management Group LLP grew its stake in shares of Ally Financial by 19.5% in the 4th quarter. Wellington Management Group LLP now owns 14,271,290 shares of the financial services provider’s stock valued at $646,347,000 after buying an additional 2,332,610 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in shares of Ally Financial by 3.6% in the 1st quarter. Dimensional Fund Advisors LP now owns 9,018,580 shares of the financial services provider’s stock valued at $353,776,000 after buying an additional 309,638 shares in the last quarter. Arrowstreet Capital Limited Partnership increased its holdings in Ally Financial by 11.7% in the first quarter. Arrowstreet Capital Limited Partnership now owns 6,783,947 shares of the financial services provider’s stock worth $266,134,000 after buying an additional 712,443 shares during the last quarter. Finally, Geode Capital Management LLC increased its holdings in Ally Financial by 4.7% in the fourth quarter. Geode Capital Management LLC now owns 5,381,838 shares of the financial services provider’s stock worth $243,795,000 after buying an additional 241,000 shares during the last quarter. Hedge funds and other institutional investors own 88.76% of the company’s stock.

Insider Transactions at Ally Financial

In other Ally Financial news, insider Stephanie N. Richard sold 5,000 shares of the firm’s 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 owned 88,927 shares of the company’s stock, valued at $3,933,241.21. This trade represents a 5.32% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. 0.46% of the stock is owned by company insiders.

Ally Financial Stock Up 1.6%

Ally Financial stock opened at $42.96 on Friday. 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 Inc. has a fifty-two week low of $35.92 and a fifty-two week high of $47.29. The firm has a fifty day moving average price of $44.82 and a two-hundred day moving average price of $42.63. The firm has a market cap of $13.07 billion, a price-to-earnings ratio of 10.13, a P/E/G ratio of 0.27 and a beta of 1.10.

Ally Financial (NYSE:ALLY) last issued its quarterly earnings results on Tuesday, July 21st. The financial services provider reported $1.21 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.22 by ($0.01). The business had revenue of $2.28 billion during 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 company’s revenue for the quarter was up 9.8% compared to the same quarter last year. During the same period in the prior year, the business posted $0.99 earnings per share. As a group, analysts forecast that Ally Financial Inc. will post 5.19 earnings per share for the current year.

Ally Financial Announces Dividend

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

Wall Street Analysts Forecast Growth

ALLY has been the topic of several recent research reports. Truist Financial cut their price objective on shares of Ally Financial from $54.00 to $51.00 and set a “buy” rating on the stock in a research report on Tuesday, August 4th. Wells Fargo & Company increased their price target on shares of Ally Financial from $52.00 to $55.00 and gave the stock an “overweight” rating in a research note on Friday, June 26th. Weiss Ratings upgraded shares of Ally Financial from a “buy (b-)” rating to a “buy (b)” rating in a research note on Tuesday, June 23rd. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a $58.00 price target on shares of Ally Financial in a report on Wednesday, July 22nd. Finally, Bank of America lifted their price objective 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. Fourteen analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus 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.