Transform Wealth LLC Sells 4,478 Shares of Ally Financial Inc. (NYSE:ALLY)

Transform Wealth LLC trimmed its holdings in shares of Ally Financial Inc. (NYSE:ALLYGet Rating) by 3.4% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 126,443 shares of the financial services provider’s stock after selling 4,478 shares during the quarter. Transform Wealth LLC’s holdings in Ally Financial were worth $4,237,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Salem Investment Counselors Inc. boosted its stake in shares of Ally Financial by 115.0% in the 1st quarter. Salem Investment Counselors Inc. now owns 645 shares of the financial services provider’s stock valued at $28,000 after purchasing an additional 345 shares during the last quarter. Atticus Wealth Management LLC bought a new stake in shares of Ally Financial in the 2nd quarter valued at $39,000. Versant Capital Management Inc boosted its stake in shares of Ally Financial by 1,510.6% in the 1st quarter. Versant Capital Management Inc now owns 1,063 shares of the financial services provider’s stock valued at $46,000 after purchasing an additional 997 shares during the last quarter. Institutional & Family Asset Management LLC bought a new stake in shares of Ally Financial in the 1st quarter valued at $51,000. Finally, DeDora Capital Inc. bought a new position in Ally Financial during the first quarter worth $64,000. 91.57% of the stock is owned by institutional investors.

Ally Financial Stock Down 4.1 %

Shares of ALLY stock traded down $1.26 on Friday, hitting $29.42. The stock had a trading volume of 246,145 shares, compared to its average volume of 3,882,565. The business has a 50 day moving average of $33.57 and a 200 day moving average of $37.79. The stock has a market cap of $9.08 billion, a price-to-earnings ratio of 4.42, a price-to-earnings-growth ratio of 0.14 and a beta of 1.31. The company has a debt-to-equity ratio of 1.46, a current ratio of 0.88 and a quick ratio of 0.87. Ally Financial Inc. has a 12-month low of $30.44 and a 12-month high of $56.28.

Ally Financial (NYSE:ALLYGet Rating) last announced its earnings results on Tuesday, July 19th. The financial services provider reported $1.76 EPS for the quarter, missing the consensus estimate of $1.90 by ($0.14). The firm had revenue of $2.08 billion during the quarter, compared to analysts’ expectations of $2.19 billion. Ally Financial had a net margin of 29.79% and a return on equity of 20.99%. During the same quarter in the prior year, the company earned $2.33 EPS. As a group, analysts expect that Ally Financial Inc. will post 7.16 EPS for the current year.

Ally Financial Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, August 15th. Shareholders of record on Monday, August 1st were given a dividend of $0.30 per share. The ex-dividend date of this dividend was Friday, July 29th. This represents a $1.20 dividend on an annualized basis and a yield of 4.08%. Ally Financial’s dividend payout ratio is presently 17.29%.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the stock. Raymond James cut their target price on shares of Ally Financial from $50.00 to $43.00 and set an “outperform” rating on the stock in a research note on Thursday, July 7th. Piper Sandler lowered shares of Ally Financial from a “neutral” rating to an “underweight” rating and cut their target price for the stock from $45.00 to $34.00 in a research note on Wednesday, August 3rd. Jefferies Financial Group reissued a “buy” rating and set a $50.00 target price on shares of Ally Financial in a research note on Wednesday, July 13th. Evercore ISI lowered shares of Ally Financial from an “outperform” rating to an “in-line” rating and set a $36.00 target price on the stock. in a research note on Wednesday, July 20th. Finally, Barclays lowered their price objective on shares of Ally Financial from $56.00 to $49.00 and set an “overweight” rating on the stock in a report on Thursday, September 15th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and six have issued a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $48.86.

Ally Financial Profile

(Get Rating)

Ally Financial Inc, a digital financial-services company, provides various digital financial products and services to consumer, commercial, and corporate customers primarily in the United States and Canada. It operates through four segments: Automotive Finance Operations, Insurance Operations, Mortgage Finance Operations, and Corporate Finance Operations.

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Institutional Ownership by Quarter for Ally Financial (NYSE:ALLY)

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