Choreo LLC Makes New $362,000 Investment in Ally Financial Inc. (NYSE:ALLY)

Choreo LLC bought a new stake in Ally Financial Inc. (NYSE:ALLY) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 9,208 shares of the financial services provider’s stock, valued at approximately $362,000.

A number of other large investors also recently made changes to their positions in the company. Fifth Third Bancorp grew its holdings in Ally Financial by 1.2% in the 2nd quarter. Fifth Third Bancorp now owns 23,275 shares of the financial services provider’s stock valued at $923,000 after buying an additional 278 shares in the last quarter. Trust Co. of Toledo NA OH grew its stake in shares of Ally Financial by 1.7% in the first quarter. Trust Co. of Toledo NA OH now owns 17,622 shares of the financial services provider’s stock valued at $715,000 after acquiring an additional 287 shares in the last quarter. WBI Investments LLC increased its position in Ally Financial by 2.2% during the fourth quarter. WBI Investments LLC now owns 14,635 shares of the financial services provider’s stock worth $511,000 after acquiring an additional 316 shares during the period. Signet Financial Management LLC raised its stake in Ally Financial by 4.8% in the 1st quarter. Signet Financial Management LLC now owns 7,273 shares of the financial services provider’s stock worth $295,000 after purchasing an additional 330 shares in the last quarter. Finally, Blue Trust Inc. boosted its holdings in Ally Financial by 10.2% in the 2nd quarter. Blue Trust Inc. now owns 4,308 shares of the financial services provider’s stock valued at $175,000 after purchasing an additional 400 shares during the period. Institutional investors own 88.76% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on ALLY. Barclays lowered their target price on shares of Ally Financial from $44.00 to $36.00 and set an “equal weight” rating on the stock in a report on Thursday, September 12th. Wells Fargo & Company lifted their price objective on Ally Financial from $33.00 to $37.00 and gave the company an “underweight” rating in a report on Thursday, July 18th. Bank of America reduced their target price on Ally Financial from $46.00 to $37.00 and set a “buy” rating on the stock in a report on Wednesday, September 11th. Keefe, Bruyette & Woods dropped their price target on Ally Financial from $50.00 to $44.00 and set an “outperform” rating for the company in a research note on Monday. Finally, Royal Bank of Canada reduced their price objective on shares of Ally Financial from $49.00 to $40.00 and set an “outperform” rating on the stock in a research note on Thursday, September 12th. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $41.41.

Ally Financial Trading Up 0.2 %

Shares of ALLY stock opened at $33.05 on Tuesday. Ally Financial Inc. has a twelve month low of $22.54 and a twelve month high of $45.46. The stock’s fifty day simple moving average is $41.15 and its 200 day simple moving average is $39.72. The company has a quick ratio of 0.91, a current ratio of 0.92 and a debt-to-equity ratio of 1.39. The firm has a market capitalization of $10.05 billion, a P/E ratio of 13.49, a P/E/G ratio of 0.32 and a beta of 1.40.

Ally Financial (NYSE:ALLY) last released its quarterly earnings data on Wednesday, July 17th. The financial services provider reported $0.97 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.64 by $0.33. Ally Financial had a return on equity of 8.37% and a net margin of 10.26%. The company had revenue of $2 billion during the quarter, compared to the consensus estimate of $2.03 billion. During the same quarter in the prior year, the firm posted $0.96 earnings per share. The firm’s revenue was down 3.8% compared to the same quarter last year. As a group, sell-side analysts predict that Ally Financial Inc. will post 3.51 EPS for the current fiscal year.

Ally Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, August 15th. Stockholders of record on Thursday, August 1st were issued a dividend of $0.30 per share. The ex-dividend date of this dividend was Thursday, August 1st. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.63%. Ally Financial’s dividend payout ratio (DPR) is presently 48.98%.

About Ally Financial

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.