Phoenix Financial Ltd. Buys 1,571,027 Shares of Ally Financial Inc. (NYSE:ALLY)

Phoenix Financial Ltd. boosted its position in Ally Financial Inc. (NYSE:ALLY - Free Report) by 86.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 3,390,066 shares of the financial services provider's stock after buying an additional 1,571,027 shares during the quarter. Ally Financial makes up about 1.7% of Phoenix Financial Ltd.'s investment portfolio, making the stock its 18th biggest holding. Phoenix Financial Ltd. owned approximately 1.11% of Ally Financial worth $122,077,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Principal Securities Inc. boosted its stake 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 valued at $38,000 after acquiring an additional 496 shares during the period. Kestra Investment Management LLC acquired a new position in Ally Financial during the 4th quarter valued at approximately $43,000. UMB Bank n.a. grew its stake 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 last quarter. Harbour Investments Inc. increased its position in Ally Financial by 38.5% in the fourth quarter. Harbour Investments Inc. now owns 2,142 shares of the financial services provider's stock worth $77,000 after buying an additional 595 shares during the period. Finally, Aster Capital Management DIFC Ltd bought a new stake in Ally Financial in the fourth quarter valued at $78,000. Institutional investors and hedge funds own 88.76% of the company's stock.

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Ally Financial Price Performance

Shares of ALLY traded up $0.30 during trading hours on Tuesday, hitting $32.51. 963,746 shares of the company were exchanged, compared to its average volume of 3,512,186. The company has a debt-to-equity ratio of 1.51, a current ratio of 0.93 and a quick ratio of 0.93. Ally Financial Inc. has a one year low of $29.52 and a one year high of $45.46. The company has a market capitalization of $9.98 billion, a PE ratio of 12.50, a PEG ratio of 0.32 and a beta of 1.12. The firm has a fifty day simple moving average of $35.63 and a 200-day simple moving average of $36.28.

Ally Financial (NYSE:ALLY - Get Free Report) last posted 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. The company had revenue of $2.09 billion during the quarter, compared to analyst estimates of $2.02 billion. Ally Financial had a net margin of 11.29% and a return on equity of 9.31%. The business's quarterly revenue was up 3.6% on a year-over-year basis. During the same period in the prior year, the firm earned $0.45 earnings per share. As a group, sell-side analysts predict that Ally Financial Inc. will post 3.57 earnings per share for the current year.

Ally Financial Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Friday, January 31st were paid a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 3.69%. The ex-dividend date was Friday, January 31st. Ally Financial's dividend payout ratio (DPR) is currently 46.15%.

Analyst Ratings Changes

ALLY has been the subject of several recent research reports. Royal Bank of Canada upped their price target 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. Bank of America reduced their price objective on Ally Financial from $42.00 to $38.00 and set a "buy" rating for the company in a research report on Monday, April 7th. JPMorgan Chase & Co. lowered their target price on Ally Financial from $43.00 to $36.00 and set an "overweight" rating on the stock in a research report on Tuesday, April 8th. Wells Fargo & Company boosted their price target on Ally Financial from $32.00 to $34.00 and gave the stock an "underweight" rating in a research report on Thursday, January 23rd. Finally, Truist Financial lowered their price target on Ally Financial from $47.00 to $45.00 and set a "buy" rating on the stock in a report on Friday, April 4th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $42.41.

Insider Transactions at Ally Financial

In other news, CFO Russell E. Hutchinson acquired 19,100 shares of Ally Financial stock in a transaction that occurred on Friday, January 24th. The stock was purchased at an average price of $39.45 per share, with a total value of $753,495.00. Following the completion of the transaction, the chief financial officer now owns 202,845 shares in the company, valued at approximately $8,002,235.25. This trade represents a 10.39 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO Michael George Rhodes bought 25,634 shares of the stock in a transaction on Monday, January 27th. The stock was purchased at an average price of $39.09 per share, for a total transaction of $1,002,033.06. Following the purchase, the chief executive officer now directly owns 25,634 shares of the company's stock, valued at approximately $1,002,033.06. This 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 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.