Proficio Capital Partners LLC Buys Shares of 70,367 Ally Financial Inc. (NYSE:ALLY)

Proficio Capital Partners LLC purchased a new stake in shares of Ally Financial Inc. (NYSE:ALLY - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 70,367 shares of the financial services provider's stock, valued at approximately $2,534,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Principal Securities Inc. boosted its position in shares of Ally Financial by 89.4% during the fourth quarter. Principal Securities Inc. now owns 1,051 shares of the financial services provider's stock valued at $38,000 after buying an additional 496 shares during the last quarter. Kestra Investment Management LLC purchased a new stake in shares of Ally Financial during the fourth quarter valued at $43,000. UMB Bank n.a. boosted its position in shares of Ally Financial by 218.8% during the fourth quarter. UMB Bank n.a. now owns 1,546 shares of the financial services provider's stock valued at $56,000 after buying an additional 1,061 shares during the last quarter. Brooklyn Investment Group purchased a new stake in shares of Ally Financial during the third quarter valued at $63,000. Finally, Van ECK Associates Corp purchased a new stake in shares of Ally Financial during the fourth quarter valued at $85,000. 88.76% of the stock is currently owned by institutional investors.

Insider Activity

In other Ally Financial news, CEO Michael George Rhodes purchased 25,634 shares of the stock in a transaction on Monday, January 27th. The shares were bought at an average price of $39.09 per share, for a total transaction of $1,002,033.06. Following the completion of the transaction, the chief executive officer now owns 25,634 shares of the company's stock, valued at $1,002,033.06. This trade represents a ∞ increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, CFO Russell E. Hutchinson purchased 19,100 shares of the stock in a transaction on Friday, January 24th. The shares were acquired at an average price of $39.45 per share, for a total transaction of $753,495.00. Following the transaction, the chief financial officer now directly owns 202,845 shares of the company's stock, valued at $8,002,235.25. This represents a 10.39 % increase in their position. The disclosure for this purchase can be found here. Corporate insiders own 0.67% of the company's stock.

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Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on ALLY shares. Royal Bank of Canada increased their price objective on Ally Financial from $41.00 to $45.00 and gave the company an "outperform" rating in a research report on Thursday, January 23rd. Morgan Stanley lifted their price objective on Ally Financial from $41.00 to $45.00 and gave the company an "overweight" rating in a research report on Thursday, January 23rd. Truist Financial lifted their price objective on Ally Financial from $42.00 to $47.00 and gave the company a "buy" rating in a research report on Tuesday, January 28th. Wolfe Research downgraded Ally Financial from an "outperform" rating to a "peer perform" rating in a research note on Thursday, December 5th. Finally, Wells Fargo & Company lifted their target price on Ally Financial from $32.00 to $34.00 and gave the company an "underweight" rating in a research note on Thursday, January 23rd. One analyst has rated the stock with a sell rating, ten have issued a hold rating and nine have assigned a buy rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $43.76.

Ally Financial Stock Up 1.1 %

Shares of ALLY stock traded up $0.38 during mid-day trading on Friday, hitting $36.50. The stock had a trading volume of 13,525,349 shares, compared to its average volume of 3,160,469. Ally Financial Inc. has a 12-month low of $31.95 and a 12-month high of $45.46. The firm has a market capitalization of $11.21 billion, a P/E ratio of 14.04, a price-to-earnings-growth ratio of 0.32 and a beta of 1.40. The firm's 50-day moving average is $36.99 and its two-hundred day moving average is $36.44. The company has a debt-to-equity ratio of 1.51, a current ratio of 0.93 and a quick ratio of 0.93.

Ally Financial (NYSE:ALLY - Get Free Report) last released its quarterly earnings results on Wednesday, January 22nd. The financial services provider reported $0.78 EPS for the quarter, topping the consensus estimate of $0.57 by $0.21. The firm had revenue of $2.09 billion during the quarter, compared to analyst estimates of $2.02 billion. Ally Financial had a return on equity of 9.31% and a net margin of 11.29%. The business's revenue for the quarter was up 3.6% compared to the same quarter last year. During the same period in the previous year, the company posted $0.45 EPS. On average, analysts predict that Ally Financial Inc. will post 3.57 earnings per share for the current fiscal year.

Ally Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Friday, January 31st were issued a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.29%. The ex-dividend date was Friday, January 31st. Ally Financial's dividend payout ratio is presently 46.15%.

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.