Healthcare of Ontario Pension Plan Trust Fund Buys Shares of 62,800 Ally Financial Inc. $ALLY

Healthcare of Ontario Pension Plan Trust Fund bought a new stake in Ally Financial Inc. (NYSE:ALLY) in the 1st quarter, Holdings Channel.com reports. The fund bought 62,800 shares of the financial services provider’s stock, valued at approximately $2,464,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in ALLY. Gabelli Funds LLC boosted its position in shares of Ally Financial by 256.8% during the first quarter. Gabelli Funds LLC now owns 143,460 shares of the financial services provider’s stock worth $5,628,000 after purchasing an additional 103,250 shares in the last quarter. Arrowstreet Capital Limited Partnership raised its stake in Ally Financial by 11.7% during the 1st 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 period. Bank of Nova Scotia lifted its holdings in Ally Financial by 40.2% during the first quarter. Bank of Nova Scotia now owns 373,723 shares of the financial services provider’s stock worth $14,661,000 after acquiring an additional 107,092 shares in the last quarter. Lido Advisors LLC lifted its holdings in Ally Financial by 100.5% during the first quarter. Lido Advisors LLC now owns 14,146 shares of the financial services provider’s stock worth $555,000 after acquiring an additional 7,091 shares in the last quarter. Finally, Cetera Investment Advisers grew its stake in Ally Financial by 8.2% in the first quarter. Cetera Investment Advisers now owns 75,379 shares of the financial services provider’s stock valued at $2,957,000 after acquiring an additional 5,725 shares during the period. 88.76% of the stock is owned by institutional investors.

Ally Financial Stock Down 0.3%

ALLY stock opened at $43.37 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. The stock has a market capitalization of $13.19 billion, a P/E ratio of 10.23, a P/E/G ratio of 0.27 and a beta of 1.09. The business has a 50-day moving average of $44.44 and a 200-day moving average of $42.52. Ally Financial Inc. has a fifty-two week low of $35.92 and a fifty-two week high of $47.29.

Ally Financial (NYSE:ALLY) last announced its earnings results 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 firm 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 firm’s quarterly revenue was up 9.8% compared to the same quarter last year. During the same period in the prior year, the business posted $0.99 EPS. On average, sell-side analysts anticipate that Ally Financial Inc. will post 5.19 earnings per share for the current fiscal year.

Ally Financial Dividend Announcement

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

Insider Activity

In other news, insider Stephanie N. Richard sold 5,000 shares of the business’s stock in a transaction on Friday, May 15th. The shares were sold at an average price of $42.14, for a total value of $210,700.00. Following the sale, the insider owned 93,927 shares of the company’s stock, valued at $3,958,083.78. The trade was a 5.05% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.46% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

ALLY has been the subject of several recent analyst reports. Evercore restated an “outperform” rating and issued a $54.00 price target on shares of Ally Financial in a report on Tuesday, April 21st. Bank of America lifted 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. Royal Bank Of Canada boosted their price objective on Ally Financial from $52.00 to $55.00 and gave the company an “outperform” rating in a research report on Friday, July 10th. Wall Street Zen cut Ally Financial from a “buy” rating to a “hold” rating in a research note on Monday, June 8th. Finally, Weiss Ratings upgraded shares of Ally Financial from a “buy (b-)” rating to a “buy (b)” rating in a report on Tuesday, June 23rd. Fourteen equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, Ally Financial currently has a consensus rating of “Moderate Buy” and an average target price of $53.86.

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.