Jacobi Capital Management LLC Invests $213,000 in Ally Financial Inc. (NYSE:ALLY)

Jacobi Capital Management LLC bought a new position in Ally Financial Inc. (NYSE:ALLY) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 5,256 shares of the financial services provider’s stock, valued at approximately $213,000.

Several other large investors also recently modified their holdings of the business. Rise Advisors LLC bought a new stake in shares of Ally Financial in the 1st quarter worth approximately $32,000. Northwest Financial Advisors purchased a new stake in Ally Financial during the 4th quarter valued at $31,000. SYSTM Wealth Solutions LLC raised its stake in Ally Financial by 571.7% during the 1st quarter. SYSTM Wealth Solutions LLC now owns 927 shares of the financial services provider’s stock valued at $38,000 after buying an additional 789 shares during the last quarter. Quarry LP increased its stake in shares of Ally Financial by 165.7% in the 4th quarter. Quarry LP now owns 959 shares of the financial services provider’s stock worth $33,000 after purchasing an additional 598 shares in the last quarter. Finally, Friedenthal Financial purchased a new stake in shares of Ally Financial in the 4th quarter worth $50,000. 88.76% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

ALLY has been the subject of several recent analyst reports. Evercore ISI upped their target price on shares of Ally Financial from $43.00 to $45.00 and gave the stock an “in-line” rating in a report on Tuesday, June 25th. Compass Point increased their price objective on shares of Ally Financial from $28.00 to $37.00 and gave the company a “neutral” rating in a report on Thursday, April 11th. Barclays increased their price objective on shares of Ally Financial from $43.00 to $44.00 and gave the company an “equal weight” rating in a report on Thursday. BTIG Research began coverage on shares of Ally Financial in a research report on Friday, June 7th. They set a “buy” rating and a $51.00 target price on the stock. Finally, Keefe, Bruyette & Woods upped their target price on shares of Ally Financial from $45.00 to $48.00 and gave the company an “outperform” rating in a research report on Monday, July 8th. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $42.78.

Ally Financial Trading Up 0.2 %

Shares of Ally Financial stock traded up $0.08 on Monday, reaching $41.94. The company had a trading volume of 2,032,424 shares, compared to its average volume of 3,402,260. The firm has a market cap of $12.75 billion, a PE ratio of 17.12, a PEG ratio of 0.49 and a beta of 1.41. Ally Financial Inc. has a 52-week low of $22.54 and a 52-week high of $44.50. The company has a debt-to-equity ratio of 1.39, a quick ratio of 0.92 and a current ratio of 0.92. The firm’s 50 day moving average price is $40.00 and its two-hundred day moving average price is $38.23.

Ally Financial (NYSE:ALLY) last released its earnings results on Wednesday, July 17th. The financial services provider reported $0.97 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.64 by $0.33. The company had revenue of $2 billion for the quarter, compared to analyst estimates of $2.03 billion. Ally Financial had a net margin of 10.26% and a return on equity of 8.37%. The firm’s quarterly revenue was down 3.8% on a year-over-year basis. During the same period in the prior year, the business earned $0.96 EPS. Sell-side analysts predict that Ally Financial Inc. will post 3.26 earnings per share for the current fiscal year.

Ally Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, August 15th. Shareholders of record on Thursday, August 1st will be issued a dividend of $0.30 per share. The ex-dividend date is Wednesday, July 31st. This represents a $1.20 dividend on an annualized basis and a yield of 2.86%. Ally Financial’s dividend payout ratio (DPR) is presently 48.98%.

Ally Financial Profile

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.