Ally Financial Inc. (NYSE:ALLY) Shares Sold by Poplar Forest Capital LLC

Poplar Forest Capital LLC lowered its position in Ally Financial Inc. (NYSE:ALLY - Free Report) by 21.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 364,965 shares of the financial services provider's stock after selling 96,746 shares during the quarter. Ally Financial comprises about 2.4% of Poplar Forest Capital LLC's holdings, making the stock its 21st biggest holding. Poplar Forest Capital LLC owned approximately 0.12% of Ally Financial worth $13,142,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Venturi Wealth Management LLC raised its holdings in Ally Financial by 153.9% in the 3rd quarter. Venturi Wealth Management LLC now owns 952 shares of the financial services provider's stock valued at $34,000 after buying an additional 577 shares during the period. Principal Securities Inc. raised its stake in shares of Ally Financial by 89.4% in the 4th 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 shares of Ally Financial in the 4th quarter worth approximately $43,000. Allworth Financial LP lifted its holdings in shares of Ally Financial by 41.9% in the 3rd quarter. Allworth Financial LP now owns 1,426 shares of the financial services provider's stock worth $51,000 after acquiring an additional 421 shares during the last quarter. Finally, UMB Bank n.a. increased its holdings in Ally Financial by 218.8% in the 4th quarter. UMB Bank n.a. now owns 1,546 shares of the financial services provider's stock valued at $56,000 after purchasing an additional 1,061 shares during the last quarter. 88.76% of the stock is owned by hedge funds and other institutional investors.

Remove Ads

Insider Buying and Selling at Ally Financial

In other news, CFO Russell E. Hutchinson acquired 19,100 shares of the firm's stock in a transaction dated 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 completion of the acquisition, 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 ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Michael George Rhodes bought 25,634 shares of the stock in a transaction dated Monday, January 27th. The shares were acquired at an average price of $39.09 per share, for a total transaction of $1,002,033.06. Following the completion of the transaction, the chief executive officer now owns 25,634 shares of the company's stock, valued at approximately $1,002,033.06. The trade was a ∞ increase in their position. The disclosure for this purchase can be found here. 0.67% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

ALLY has been the topic of a number of research reports. Keefe, Bruyette & Woods upped their price target on Ally Financial from $44.00 to $56.00 and gave the stock an "outperform" rating in a research note on Monday, December 9th. JPMorgan Chase & Co. raised their target price on Ally Financial from $40.00 to $43.00 and gave the company an "overweight" rating in a report on Thursday, January 23rd. The Goldman Sachs Group boosted their price target on shares of Ally Financial from $42.00 to $48.00 and gave the stock a "buy" rating in a research note on Thursday, January 23rd. 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. Finally, Citigroup upped their target price on shares of Ally Financial from $50.00 to $55.00 and gave the stock a "buy" rating in a research note on Friday, November 15th. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and nine have given a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $43.76.

Ally Financial Stock Up 1.9 %

Shares of NYSE ALLY traded up $0.66 during midday trading on Wednesday, hitting $35.51. 5,596,003 shares of the company's stock were exchanged, compared to its average volume of 3,658,144. The firm's fifty day simple moving average is $37.26 and its 200-day simple moving average is $37.09. The company has a market cap of $10.90 billion, a PE ratio of 13.66, a P/E/G ratio of 0.32 and a beta of 1.40. Ally Financial Inc. has a twelve month low of $31.95 and a twelve month high of $45.46. 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 (NYSE:ALLY - Get Free Report) last released its quarterly earnings data on Wednesday, January 22nd. The financial services provider reported $0.78 earnings per share for the quarter, topping 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 company had revenue of $2.09 billion for the quarter, compared to analysts' expectations of $2.02 billion. During the same quarter last year, the company earned $0.45 earnings per share. The firm's revenue for the quarter was up 3.6% on a year-over-year basis. Research analysts predict that Ally Financial Inc. will post 3.57 EPS for the current fiscal year.

Ally Financial Dividend Announcement

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 $0.30 dividend. The ex-dividend date of this dividend was Friday, January 31st. This represents a $1.20 dividend on an annualized basis and a yield of 3.38%. Ally Financial's dividend payout ratio (DPR) is presently 46.15%.

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.