Ally Financial Inc. (NYSE:ALLY) Position Increased by J. Safra Sarasin Holding AG

J. Safra Sarasin Holding AG raised its stake in Ally Financial Inc. (NYSE:ALLY - Free Report) by 69.2% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 44,326 shares of the financial services provider's stock after buying an additional 18,125 shares during the period. J. Safra Sarasin Holding AG's holdings in Ally Financial were worth $1,596,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently modified their holdings of the company. Virtu Financial LLC purchased a new stake in shares of Ally Financial during the third quarter valued at $450,000. Tidal Investments LLC boosted its holdings in shares of Ally Financial by 5.8% in the third quarter. Tidal Investments LLC now owns 25,999 shares of the financial services provider's stock worth $925,000 after buying an additional 1,416 shares during the period. Franklin Resources Inc. increased its position in shares of Ally Financial by 184.7% in the third quarter. Franklin Resources Inc. now owns 532,090 shares of the financial services provider's stock worth $19,044,000 after acquiring an additional 345,210 shares in the last quarter. Everence Capital Management Inc. acquired a new stake in shares of Ally Financial during the fourth quarter valued at approximately $297,000. Finally, Oak Thistle LLC purchased a new stake in shares of Ally Financial in the 4th quarter valued at approximately $1,112,000. Institutional investors and hedge funds own 88.76% of the company's stock.

Insider Buying and Selling

In related news, CFO Russell E. Hutchinson bought 19,100 shares of the business's stock in a transaction that occurred on Friday, January 24th. The stock was purchased at an average cost of $39.45 per share, for a total transaction of $753,495.00. Following the purchase, the chief financial officer now directly owns 202,845 shares in the company, valued at $8,002,235.25. This trade represents a 10.39 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Michael George Rhodes purchased 25,634 shares of the firm's stock in a transaction on Monday, January 27th. The stock was 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 directly owns 25,634 shares in the company, valued at approximately $1,002,033.06. The trade was a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. 0.67% of the stock is owned by insiders.

Analyst Ratings Changes

Several research firms have weighed in on ALLY. Bank of America lowered their price objective on shares of Ally Financial from $42.00 to $38.00 and set a "buy" rating on the stock in a research report on Monday, April 7th. The Goldman Sachs Group upped their price target on Ally Financial from $45.00 to $50.00 and gave the company a "buy" rating in a research report on Tuesday, April 1st. Morgan Stanley decreased their price objective on Ally Financial from $45.00 to $39.00 and set an "outperform" rating for the company 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. BTIG Research downgraded Ally Financial from a "neutral" rating to a "sell" rating and set a $30.00 target price on the stock. in a report on Tuesday, March 25th. Finally, Barclays raised their price target on shares of Ally Financial from $36.00 to $44.00 and gave the stock an "equal weight" rating in a report on Monday, January 6th. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat, Ally Financial has an average rating of "Hold" and an average target price of $41.69.

Ally Financial Stock Up 4.5 %

ALLY opened at $31.45 on Wednesday. Ally Financial Inc. has a twelve month low of $29.52 and a twelve month high of $45.46. The company has a debt-to-equity ratio of 1.51, a quick ratio of 0.93 and a current ratio of 0.93. The business has a 50 day moving average price of $34.88 and a 200 day moving average price of $36.13. The firm has a market cap of $9.66 billion, a P/E ratio of 12.10, a price-to-earnings-growth ratio of 0.32 and a beta of 1.12.

Ally Financial (NYSE:ALLY - Get Free Report) last posted its quarterly earnings data on Thursday, April 17th. The financial services provider reported $0.58 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.43 by $0.15. The business had revenue of $1.54 billion during the quarter, compared to the consensus estimate of $2.04 billion. Ally Financial had a net margin of 11.29% and a return on equity of 9.31%. During the same period in the prior year, the firm earned $0.45 EPS. Research analysts forecast 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. Stockholders of record on Thursday, May 1st will be paid a $0.30 dividend. The ex-dividend date of this dividend is Thursday, May 1st. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.82%. Ally Financial's payout ratio is presently 88.24%.

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.

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