Ally Financial Inc. (NYSE:ALLY) Shares Purchased by HighTower Advisors LLC

HighTower Advisors LLC raised its stake in Ally Financial Inc. (NYSE:ALLY - Free Report) by 285.9% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 58,703 shares of the financial services provider's stock after buying an additional 43,490 shares during the period. HighTower Advisors LLC's holdings in Ally Financial were worth $2,114,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also added to or reduced their stakes in ALLY. Principal Securities Inc. grew its holdings in Ally Financial by 89.4% in the fourth quarter. Principal Securities Inc. now owns 1,051 shares of the financial services provider's stock worth $38,000 after purchasing an additional 496 shares during the last quarter. Kestra Investment Management LLC acquired a new stake in Ally Financial in the 4th quarter valued at about $43,000. UMB Bank n.a. increased its position in 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 worth $56,000 after purchasing an additional 1,061 shares during the last quarter. Brooklyn Investment Group acquired a new position in Ally Financial in the third quarter valued at approximately $63,000. Finally, Van ECK Associates Corp acquired a new stake in shares of Ally Financial during the 4th quarter worth about $85,000. 88.76% of the stock is currently owned by institutional investors.

Ally Financial Stock Performance

ALLY traded down $0.65 during trading on Wednesday, hitting $36.79. The stock had a trading volume of 3,573,996 shares, compared to its average volume of 3,179,017. Ally Financial Inc. has a twelve month low of $31.95 and a twelve month high of $45.46. The firm has a market capitalization of $11.30 billion, a P/E ratio of 14.15, a PEG ratio of 0.32 and a beta of 1.40. 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 company's 50-day moving average price is $37.09 and its 200 day moving average price is $36.33.

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

Ally Financial Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Friday, January 31st were issued a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 3.26%. The ex-dividend date was Friday, January 31st. Ally Financial's dividend payout ratio is presently 46.15%.

Insiders Place Their Bets

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

Analysts Set New Price Targets

Several equities analysts have recently commented on ALLY shares. Royal Bank of Canada upped their price objective on shares of Ally Financial from $41.00 to $45.00 and gave the stock an "outperform" rating in a 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 note on Tuesday, January 28th. The Goldman Sachs Group increased their target price on Ally Financial from $42.00 to $48.00 and gave the stock a "buy" rating in a research note on Thursday, January 23rd. Morgan Stanley lifted their target price on Ally Financial from $41.00 to $45.00 and gave the company an "overweight" rating in a research report on Thursday, January 23rd. Finally, Jefferies Financial Group increased their price target on shares of Ally Financial from $35.00 to $40.00 and gave the stock a "hold" rating in a research report on Thursday, January 23rd. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and nine have assigned a buy rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $42.53.

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.