Ally Financial Inc. (NYSE:ALLY) Shares Sold by Jupiter Asset Management Ltd.

Jupiter Asset Management Ltd. trimmed its position in Ally Financial Inc. (NYSE:ALLY - Free Report) by 81.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 346,298 shares of the financial services provider's stock after selling 1,545,631 shares during the period. Jupiter Asset Management Ltd. owned approximately 0.11% of Ally Financial worth $12,470,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in ALLY. Venturi Wealth Management LLC lifted its stake in shares of Ally Financial by 153.9% during the third quarter. Venturi Wealth Management LLC now owns 952 shares of the financial services provider's stock worth $34,000 after buying an additional 577 shares during the period. Principal Securities Inc. lifted its stake in shares of Ally Financial by 89.4% during the fourth 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 period. Kestra Investment Management LLC acquired a new stake in shares of Ally Financial during the fourth quarter worth $43,000. UMB Bank n.a. lifted its stake in shares of 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 buying an additional 1,061 shares during the period. Finally, Brooklyn Investment Group acquired a new stake in shares of Ally Financial during the third quarter worth $63,000. 88.76% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Ally Financial

In related news, CEO Michael George Rhodes acquired 25,634 shares of the firm's stock in a transaction dated Monday, January 27th. The shares were purchased at an average cost of $39.09 per share, for a total transaction of $1,002,033.06. Following the acquisition, 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 position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Russell E. Hutchinson acquired 19,100 shares of the firm's stock in a transaction dated Friday, January 24th. The stock was bought at an average price of $39.45 per share, for a total transaction of $753,495.00. Following the completion of the acquisition, the chief financial officer now owns 202,845 shares in the company, valued at approximately $8,002,235.25. The trade was a 10.39 % increase in their position. The disclosure for this purchase can be found here. Company insiders own 0.67% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on ALLY. Royal Bank of Canada lifted their price objective on shares of Ally Financial from $41.00 to $45.00 and gave the stock an "outperform" rating in a research note on Thursday, January 23rd. Jefferies Financial Group boosted their target price on shares of Ally Financial from $35.00 to $40.00 and gave the company a "hold" rating in a research report on Thursday, January 23rd. Citigroup boosted their target price on shares of Ally Financial from $50.00 to $55.00 and gave the company a "buy" rating in a research report on Friday, November 15th. StockNews.com cut shares of Ally Financial from a "buy" rating to a "hold" rating in a report on Thursday, January 23rd. Finally, Truist Financial lifted their price objective on shares of Ally Financial from $42.00 to $47.00 and gave the company a "buy" rating in a report on Tuesday, January 28th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and nine have issued a buy rating to the company's stock. Based on data from MarketBeat.com, Ally Financial has a consensus rating of "Hold" and an average target price of $43.76.

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Ally Financial Stock Performance

NYSE:ALLY opened at $33.93 on Thursday. The company has a debt-to-equity ratio of 1.51, a current ratio of 0.93 and a quick ratio of 0.93. The firm has a market capitalization of $10.42 billion, a price-to-earnings ratio of 13.05, a PEG ratio of 0.32 and a beta of 1.40. The company's 50-day moving average is $37.08 and its two-hundred day moving average is $36.79. Ally Financial Inc. has a 1-year low of $31.95 and a 1-year high of $45.46.

Ally Financial (NYSE:ALLY - Get Free Report) last posted its earnings results on Wednesday, January 22nd. The financial services provider reported $0.78 earnings per share for the quarter, beating the consensus estimate of $0.57 by $0.21. The company had revenue of $2.09 billion for 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%. Ally Financial's revenue was up 3.6% on a year-over-year basis. During the same period in the previous year, the business posted $0.45 EPS. Analysts forecast that Ally Financial Inc. will post 3.57 EPS for the current year.

Ally Financial Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Friday, January 31st were issued a $0.30 dividend. The ex-dividend date was Friday, January 31st. This represents a $1.20 annualized dividend and a yield of 3.54%. Ally Financial's payout ratio is 46.15%.

About Ally Financial

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.

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