Fox Run Management L.L.C. Grows Stake in Ally Financial Inc. (NYSE:ALLY)

Fox Run Management L.L.C. grew its stake in Ally Financial Inc. (NYSE:ALLY - Free Report) by 80.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 15,409 shares of the financial services provider's stock after purchasing an additional 6,847 shares during the quarter. Fox Run Management L.L.C.'s holdings in Ally Financial were worth $555,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of ALLY. KLP Kapitalforvaltning AS acquired a new stake in Ally Financial during the fourth quarter worth approximately $3,037,000. Sei Investments Co. lifted its holdings in Ally Financial by 52.5% during the 4th quarter. Sei Investments Co. now owns 855,650 shares of the financial services provider's stock worth $30,811,000 after purchasing an additional 294,402 shares during the last quarter. American Century Companies Inc. boosted its stake in Ally Financial by 5.0% in the 4th quarter. American Century Companies Inc. now owns 502,925 shares of the financial services provider's stock valued at $18,110,000 after purchasing an additional 23,898 shares during the period. Virtu Financial LLC grew its holdings in Ally Financial by 25.2% in the 4th quarter. Virtu Financial LLC now owns 15,817 shares of the financial services provider's stock valued at $570,000 after buying an additional 3,183 shares in the last quarter. Finally, Quantbot Technologies LP increased its position in Ally Financial by 213.8% during the 4th quarter. Quantbot Technologies LP now owns 364,183 shares of the financial services provider's stock worth $13,114,000 after buying an additional 248,132 shares during the period. Institutional investors and hedge funds own 88.76% of the company's stock.

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Ally Financial Trading Down 1.0 %

Shares of Ally Financial stock traded down $0.38 on Tuesday, hitting $37.50. The stock had a trading volume of 5,049,759 shares, compared to its average volume of 3,168,809. The stock has a 50 day moving average of $37.05 and a 200 day moving average of $36.35. 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 Inc. has a twelve month low of $31.95 and a twelve month high of $45.46. The firm has a market capitalization of $11.52 billion, a P/E ratio of 14.42, a PEG ratio of 0.32 and a beta of 1.40.

Ally Financial (NYSE:ALLY - Get Free Report) last released its quarterly earnings results on Wednesday, January 22nd. The financial services provider reported $0.78 earnings per share (EPS) for the quarter, beating the consensus estimate 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 company's revenue for the quarter was up 3.6% on a year-over-year basis. Sell-side analysts expect that Ally Financial Inc. will post 3.57 earnings per share for the current fiscal year.

Ally Financial Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Friday, January 31st were issued a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 3.20%. The ex-dividend date was Friday, January 31st. Ally Financial's payout ratio is presently 46.15%.

Analysts Set New Price Targets

A number of research analysts have issued reports on ALLY shares. Royal Bank of Canada increased their target price on shares of Ally Financial from $41.00 to $45.00 and gave the stock an "outperform" rating in a research report on Thursday, January 23rd. Truist Financial raised their price objective on Ally Financial from $42.00 to $47.00 and gave the stock a "buy" rating in a research note on Tuesday, January 28th. Wells Fargo & Company increased their target price on Ally Financial from $32.00 to $34.00 and gave the stock an "underweight" rating in a report on Thursday, January 23rd. Morgan Stanley boosted their price target on Ally Financial from $41.00 to $45.00 and gave the company an "overweight" rating in a research note on Thursday, January 23rd. Finally, Keefe, Bruyette & Woods increased their price objective on shares of Ally Financial from $44.00 to $56.00 and gave the stock an "outperform" rating in a research note on Monday, December 9th. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating and nine have issued a buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $42.53.

Insider Activity at Ally Financial

In other news, CEO Michael George Rhodes bought 25,634 shares of the stock in a transaction dated Monday, January 27th. The shares were bought at an average cost of $39.09 per share, with a total value of $1,002,033.06. Following the completion of the transaction, the chief executive officer now directly owns 25,634 shares of the company's stock, valued at $1,002,033.06. This trade represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Russell E. Hutchinson purchased 19,100 shares of the firm'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 purchase, the chief financial officer now directly owns 202,845 shares in the company, valued at $8,002,235.25. This represents 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.

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.