137,613 Shares in Ally Financial Inc. (NYSE:ALLY) Purchased by OneDigital Investment Advisors LLC

OneDigital Investment Advisors LLC bought a new stake in Ally Financial Inc. (NYSE:ALLY - Free Report) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 137,613 shares of the financial services provider's stock, valued at approximately $4,955,000.

Several other hedge funds also recently modified their holdings of the company. Tower Research Capital LLC TRC increased its stake in Ally Financial by 18.7% in the fourth quarter. Tower Research Capital LLC TRC now owns 22,026 shares of the financial services provider's stock valued at $793,000 after purchasing an additional 3,469 shares during the last quarter. Mesirow Institutional Investment Management Inc. purchased a new stake in Ally Financial in the 4th quarter valued at about $3,046,000. MetLife Investment Management LLC increased its stake in shares of Ally Financial by 8.9% during the 4th quarter. MetLife Investment Management LLC now owns 156,242 shares of the financial services provider's stock valued at $5,626,000 after acquiring an additional 12,817 shares during the last quarter. Ossiam lifted its holdings in shares of Ally Financial by 72.1% during the 4th quarter. Ossiam now owns 19,710 shares of the financial services provider's stock worth $710,000 after acquiring an additional 8,260 shares during the period. Finally, BI Asset Management Fondsmaeglerselskab A S boosted its position in shares of Ally Financial by 24.6% in the fourth quarter. BI Asset Management Fondsmaeglerselskab A S now owns 10,256 shares of the financial services provider's stock worth $369,000 after acquiring an additional 2,028 shares during the last quarter. 88.76% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Ally Financial

In other news, CEO Michael George Rhodes purchased 25,634 shares of Ally Financial stock in a transaction dated Monday, January 27th. The stock was bought at an average price of $39.09 per share, with a total value of $1,002,033.06. Following the completion of the acquisition, the chief executive officer now owns 25,634 shares in the company, valued at $1,002,033.06. The trade was a ∞ increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Russell E. Hutchinson purchased 8,200 shares of the stock in a transaction dated Tuesday, April 22nd. The shares were purchased at an average price of $30.81 per share, with a total value of $252,642.00. Following the transaction, the chief financial officer now directly owns 236,421 shares of the company's stock, valued at approximately $7,284,131.01. The trade was a 3.59 % increase in their position. The disclosure for this purchase can be found here. 0.67% of the stock is owned by insiders.

Ally Financial Stock Down 0.7 %

ALLY stock traded down $0.24 during midday trading on Friday, hitting $32.95. 4,237,971 shares of the company's stock were exchanged, compared to its average volume of 3,532,019. The firm has a 50 day moving average price of $34.52 and a 200-day moving average price of $36.08. Ally Financial Inc. has a 12-month low of $29.52 and a 12-month high of $45.46. The stock has a market capitalization of $10.12 billion, a price-to-earnings ratio of 12.67, a price-to-earnings-growth ratio of 0.32 and a beta of 1.12. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 1.51.

Ally Financial (NYSE:ALLY - Get Free Report) last issued its quarterly earnings results on Thursday, April 17th. The financial services provider reported $0.58 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.43 by $0.15. The business had revenue of $1.54 billion during the quarter, compared to analyst estimates of $2.04 billion. Ally Financial had a net margin of 11.29% and a return on equity of 9.31%. During the same quarter in the previous year, the firm earned $0.45 earnings per share. On average, analysts anticipate that Ally Financial Inc. will post 3.57 EPS for the current year.

Ally Financial Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, May 15th. Shareholders of record on Thursday, May 1st will be issued a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 3.64%. The ex-dividend date of this dividend is Thursday, May 1st. Ally Financial's dividend payout ratio is presently 88.24%.

Analyst Ratings Changes

ALLY has been the subject of several research analyst reports. Compass Point raised shares of Ally Financial from a "neutral" rating to a "buy" rating and upped their price target for the stock from $37.00 to $41.00 in a research report on Monday, April 7th. Morgan Stanley cut their target price on Ally Financial from $45.00 to $39.00 and set an "outperform" rating on the stock in a research report on Monday, April 7th. For consumer lenders, the Trump Administration’s hardline approach to tariffs is “difficult to ignore” and there’s clearly more downside to the group if tariffs remain near current levels. If tariffs remain in place, risks to growth would skew meaningfully to the downside and risks to inflation to the upside, adds the analyst, who is downgrading the firm’s Consumer Finance industry view to Cautious from Attractive. The Goldman Sachs Group raised their price objective on Ally Financial from $45.00 to $50.00 and gave the stock a "buy" rating in a report on Tuesday, April 1st. Truist Financial decreased their target price on Ally Financial from $45.00 to $41.00 and set a "buy" rating for the company in a report on Tuesday. Finally, Wells Fargo & Company cut their price target on shares of Ally Financial from $34.00 to $32.00 and set an "underweight" rating on the stock in a report on Monday. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and ten have given a buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $41.69.

Ally Financial Company 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.