Fmr LLC Purchases 35,625 Shares of Ally Financial Inc. (NYSE:ALLY)

FMR LLC increased its holdings in Ally Financial Inc. (NYSE:ALLY - Free Report) by 1.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,259,705 shares of the financial services provider's stock after purchasing an additional 35,625 shares during the period. FMR LLC owned 1.07% of Ally Financial worth $117,382,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in ALLY. MML Investors Services LLC raised its holdings in shares of Ally Financial by 8.5% in the 3rd quarter. MML Investors Services LLC now owns 14,870 shares of the financial services provider's stock worth $529,000 after purchasing an additional 1,167 shares during the period. Toronto Dominion Bank raised its stake in shares of Ally Financial by 31.3% during the third quarter. Toronto Dominion Bank now owns 34,495 shares of the financial services provider's stock valued at $1,228,000 after purchasing an additional 8,217 shares during the period. Virtu Financial LLC purchased a new position in shares of Ally Financial in the third quarter valued at $450,000. Sanctuary Advisors LLC lifted its holdings in Ally Financial by 26.1% in the 3rd quarter. Sanctuary Advisors LLC now owns 22,516 shares of the financial services provider's stock worth $852,000 after buying an additional 4,663 shares in the last quarter. Finally, Tidal Investments LLC increased its position in shares of Ally Financial by 5.8% during the third quarter. Tidal Investments LLC now owns 25,999 shares of the financial services provider's stock worth $925,000 after acquiring an additional 1,416 shares during the last quarter. 88.76% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

ALLY has been the subject of several research analyst reports. BTIG Research lowered Ally Financial from a "neutral" rating to a "sell" rating and set a $30.00 price objective for the company. in a report on Tuesday, March 25th. Compass Point raised Ally Financial from a "neutral" rating to a "buy" rating and raised their target price for the stock from $37.00 to $41.00 in a research report on Monday, April 7th. Barclays lifted their price objective on shares of Ally Financial from $36.00 to $44.00 and gave the company an "equal weight" rating in a research note on Monday, January 6th. Truist Financial decreased their price objective on shares of Ally Financial from $47.00 to $45.00 and set a "buy" rating for the company in a report on Friday, April 4th. Finally, The Goldman Sachs Group raised their price target on shares of Ally Financial from $45.00 to $50.00 and gave the stock a "buy" rating in a research report on Tuesday, April 1st. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and ten have issued a buy rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $41.76.

Ally Financial Price Performance

NYSE:ALLY traded down $0.57 during mid-day trading on Friday, reaching $31.61. 8,042,061 shares of the company were exchanged, compared to its average volume of 3,522,050. Ally Financial Inc. has a 12 month low of $29.52 and a 12 month high of $45.46. The stock has a market cap of $9.71 billion, a PE ratio of 12.16, a PEG ratio of 0.32 and a beta of 1.12. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 1.51. The company has a fifty day moving average of $35.14 and a 200 day moving average of $36.18.

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

Ally Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, May 15th. Investors of record on Thursday, May 1st will be issued a dividend of $0.30 per share. 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 3.80%. Ally Financial's payout ratio is 88.24%.

Insider Activity

In other news, CEO Michael George Rhodes bought 25,634 shares of the stock in a transaction that occurred on Monday, January 27th. The shares were acquired at an average cost of $39.09 per share, for a total transaction 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 approximately $1,002,033.06. This represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO Russell E. Hutchinson acquired 19,100 shares of the company's stock in a transaction on Friday, January 24th. The stock was acquired at an average price 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 of the company's stock, valued at approximately $8,002,235.25. This trade represents a 10.39 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Corporate insiders own 0.67% of the company's stock.

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.