Ally Financial Inc. (NYSE:ALLY) Position Lowered by Corient Private Wealth LLC

Corient Private Wealth LLC cut its position in shares of Ally Financial Inc. (NYSE:ALLY - Free Report) by 19.5% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 70,955 shares of the financial services provider's stock after selling 17,136 shares during the quarter. Corient Private Wealth LLC's holdings in Ally Financial were worth $2,555,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of the company. Principal Securities Inc. raised its stake 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 worth $38,000 after buying an additional 496 shares during the last quarter. Kestra Investment Management LLC purchased a new position in Ally Financial during the 4th quarter valued at about $43,000. UMB Bank n.a. raised 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 acquiring an additional 1,061 shares during the last quarter. Brooklyn Investment Group purchased a new stake in shares of Ally Financial in the third quarter valued at about $63,000. Finally, Van ECK Associates Corp acquired a new stake in shares of Ally Financial in the fourth quarter valued at approximately $85,000. 88.76% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the company. Wolfe Research lowered Ally Financial from an "outperform" rating to a "peer perform" rating in a research note on Thursday, December 5th. Barclays upped their price objective on Ally Financial from $36.00 to $44.00 and gave the company an "equal weight" rating in a research report on Monday, January 6th. Truist Financial lifted their price objective on Ally Financial from $42.00 to $47.00 and gave the stock a "buy" rating in a research report on Tuesday, January 28th. BTIG Research lowered shares of Ally Financial from a "neutral" rating to a "sell" rating and set a $30.00 target price on the stock. in a report on Tuesday. Finally, Wells Fargo & Company raised their price target on shares of Ally Financial from $32.00 to $34.00 and gave the stock an "underweight" rating in a research note on Thursday, January 23rd. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating and nine have given a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $42.53.

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Ally Financial Trading Down 0.9 %

ALLY traded down $0.34 during trading on Tuesday, hitting $37.54. 2,931,544 shares of the company's stock were exchanged, compared to its average volume of 3,164,936. Ally Financial Inc. has a 1 year low of $31.95 and a 1 year high of $45.46. The stock has a 50 day moving average price of $37.05 and a 200 day moving average price of $36.35. The firm has a market cap of $11.53 billion, a P/E ratio of 14.44, a price-to-earnings-growth ratio of 0.32 and a beta of 1.40. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 1.51.

Ally Financial (NYSE:ALLY - Get Free Report) last announced 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. The firm had revenue of $2.09 billion during the quarter, compared to the consensus estimate of $2.02 billion. Ally Financial had a return on equity of 9.31% and a net margin of 11.29%. The firm's quarterly revenue was up 3.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.45 EPS. As a group, analysts expect that Ally Financial Inc. will post 3.57 EPS for the current fiscal year.

Ally Financial Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Friday, January 31st were given 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 dividend payout ratio (DPR) is presently 46.15%.

Insiders Place Their Bets

In other Ally Financial news, CEO Michael George Rhodes bought 25,634 shares of the company's stock in a transaction dated Monday, January 27th. The shares were acquired 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 owns 25,634 shares in the company, valued at $1,002,033.06. The trade was a ∞ increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Russell E. Hutchinson purchased 19,100 shares of Ally Financial stock in a transaction that occurred on Friday, January 24th. The stock was acquired at an average cost of $39.45 per share, with a total value of $753,495.00. Following the acquisition, the chief financial officer now directly 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 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.