Ally Financial Inc. $ALLY Shares Bought by Aberdeen Group plc

Aberdeen Group plc boosted its holdings in shares of Ally Financial Inc. (NYSE:ALLY - Free Report) by 4.4% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 217,390 shares of the financial services provider's stock after acquiring an additional 9,211 shares during the quarter. Aberdeen Group plc owned about 0.07% of Ally Financial worth $8,467,000 at the end of the most recent quarter.

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Several other hedge funds and other institutional investors also recently added to or reduced their stakes in ALLY. WPG Advisers LLC acquired a new position in shares of Ally Financial in the 1st quarter worth approximately $25,000. SVB Wealth LLC purchased a new stake in Ally Financial in the first quarter valued at approximately $27,000. Private Trust Co. NA raised its position in Ally Financial by 125.7% in the first quarter. Private Trust Co. NA now owns 914 shares of the financial services provider's stock valued at $33,000 after purchasing an additional 509 shares during the period. Bessemer Group Inc. raised its position in Ally Financial by 59.6% in the first quarter. Bessemer Group Inc. now owns 1,010 shares of the financial services provider's stock valued at $37,000 after purchasing an additional 377 shares during the period. Finally, Zions Bancorporation National Association UT purchased a new position in shares of Ally Financial during the first quarter worth $74,000. Institutional investors and hedge funds own 88.76% of the company's stock.

Analyst Ratings Changes

Several research analysts have recently commented on the company. BTIG Research upgraded Ally Financial from a "sell" rating to a "neutral" rating in a research report on Monday, July 14th. Royal Bank Of Canada restated an "outperform" rating on shares of Ally Financial in a research report on Monday, July 14th. Truist Financial raised their price target on Ally Financial from $44.00 to $45.00 and gave the stock a "buy" rating in a research report on Thursday, July 24th. Citigroup raised their price target on Ally Financial from $59.00 to $70.00 and gave the stock a "buy" rating in a research report on Monday, September 15th. Finally, Weiss Ratings restated a "hold (c+)" rating on shares of Ally Financial in a research report on Tuesday. Nine investment analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $45.14.

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Get Our Latest Research Report on Ally Financial

Ally Financial Trading Down 3.2%

NYSE:ALLY opened at $38.43 on Friday. The firm has a market cap of $11.83 billion, a PE ratio of 24.95, a price-to-earnings-growth ratio of 0.30 and a beta of 1.18. The stock has a fifty day moving average price of $40.35 and a 200 day moving average price of $37.45. Ally Financial Inc. has a 12-month low of $29.52 and a 12-month high of $44.83. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 1.30.

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Ally Financial (NYSE:ALLY - Get Free Report) last released its earnings results on Monday, July 28th. The financial services provider reported $0.99 earnings per share (EPS) for the quarter. The firm had revenue of $2.06 billion during the quarter. Ally Financial had a return on equity of 9.48% and a net margin of 7.64%. Sell-side analysts anticipate that Ally Financial Inc. will post 3.57 earnings per share for the current fiscal year.

Ally Financial Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, November 14th. Investors of record on Friday, October 31st will be issued a $0.30 dividend. The ex-dividend date is Friday, October 31st. This represents a $1.20 dividend on an annualized basis and a yield of 3.1%. Ally Financial's dividend payout ratio (DPR) is 77.92%.

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.

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