Ally Financial Inc. (NYSE:ALLY) Shares Bought by Adage Capital Partners GP L.L.C.

Adage Capital Partners GP L.L.C. increased its position in Ally Financial Inc. (NYSE:ALLY - Free Report) by 389.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 525,000 shares of the financial services provider's stock after buying an additional 417,829 shares during the quarter. Adage Capital Partners GP L.L.C. owned about 0.17% of Ally Financial worth $18,905,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of ALLY. Principal Securities Inc. lifted its position in shares of Ally Financial by 89.4% during the 4th quarter. Principal Securities Inc. now owns 1,051 shares of the financial services provider's stock valued at $38,000 after acquiring an additional 496 shares during the last quarter. Kestra Investment Management LLC purchased a new position in Ally Financial in the 4th quarter worth about $43,000. UMB Bank n.a. raised its holdings in Ally Financial by 218.8% during the 4th quarter. UMB Bank n.a. now owns 1,546 shares of the financial services provider's stock worth $56,000 after buying an additional 1,061 shares during the period. Harbour Investments Inc. lifted its stake in Ally Financial by 38.5% during the fourth quarter. Harbour Investments Inc. now owns 2,142 shares of the financial services provider's stock valued at $77,000 after buying an additional 595 shares in the last quarter. Finally, Aster Capital Management DIFC Ltd acquired a new position in shares of Ally Financial in the fourth quarter worth about $78,000. Institutional investors own 88.76% of the company's stock.

Insider Activity

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

Ally Financial Stock Down 0.7 %

Shares of NYSE ALLY opened at $32.95 on Friday. The stock has a market capitalization of $10.12 billion, a P/E ratio of 12.67, a PEG ratio of 0.32 and a beta of 1.12. The stock's fifty day moving average is $34.52 and its 200 day moving average is $36.08. Ally Financial Inc. has a 52 week low of $29.52 and a 52 week 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.

Ally Financial (NYSE:ALLY - Get Free Report) last released its earnings results on Thursday, April 17th. The financial services provider reported $0.58 earnings per share for the quarter, topping the consensus estimate of $0.43 by $0.15. Ally Financial had a return on equity of 9.31% and a net margin of 11.29%. The firm had revenue of $1.54 billion during the quarter, compared to analysts' expectations of $2.04 billion. During the same period in the prior year, the company earned $0.45 earnings per share. Sell-side analysts forecast that Ally Financial Inc. will post 3.57 earnings per share for the current fiscal year.

Ally Financial Announces Dividend

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

Analysts Set New Price Targets

A number of brokerages have commented on ALLY. Jefferies Financial Group raised their price objective on Ally Financial from $35.00 to $40.00 and gave the stock a "hold" rating in a research report on Thursday, January 23rd. Truist Financial decreased their price target on shares of Ally Financial from $45.00 to $41.00 and set a "buy" rating for the company in a report on Tuesday, April 22nd. Compass Point upgraded shares of Ally Financial from a "neutral" rating to a "buy" rating and upped their price objective for the company from $37.00 to $41.00 in a research note on Monday, April 7th. Bank of America cut their target price on shares of Ally Financial from $42.00 to $38.00 and set a "buy" rating for the company in a research report on Monday, April 7th. Finally, Morgan Stanley lowered their price target on shares of Ally Financial from $45.00 to $39.00 and set an "outperform" rating on the stock in a 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. Two investment 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's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average 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.

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