Ally Financial Inc. (NYSE:ALLY) Shares Purchased by Pinebridge Investments L.P.

Pinebridge Investments L.P. grew its position in Ally Financial Inc. (NYSE:ALLY - Free Report) by 33.6% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 93,055 shares of the financial services provider's stock after acquiring an additional 23,418 shares during the period. Pinebridge Investments L.P.'s holdings in Ally Financial were worth $3,351,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of ALLY. Virtu Financial LLC purchased a new position in Ally Financial during the third quarter valued at $450,000. Tidal Investments LLC lifted its stake in Ally Financial by 5.8% in the 3rd quarter. Tidal Investments LLC now owns 25,999 shares of the financial services provider's stock valued at $925,000 after buying an additional 1,416 shares in the last quarter. Franklin Resources Inc. boosted its holdings in Ally Financial by 184.7% in the 3rd quarter. Franklin Resources Inc. now owns 532,090 shares of the financial services provider's stock worth $19,044,000 after buying an additional 345,210 shares during the last quarter. Everence Capital Management Inc. acquired a new position in shares of Ally Financial during the fourth quarter valued at approximately $297,000. Finally, Oak Thistle LLC purchased a new position in shares of Ally Financial in the fourth quarter valued at approximately $1,112,000. 88.76% of the stock is owned by hedge funds and other institutional investors.

Ally Financial Trading Down 0.9 %

Shares of Ally Financial stock traded down $0.31 on Tuesday, reaching $32.90. The company had a trading volume of 3,685,085 shares, compared to its average volume of 3,535,699. The firm's 50 day moving average price is $34.40 and its two-hundred day moving average price is $36.07. 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 52-week low of $29.52 and a 52-week high of $45.46. The firm has a market cap of $10.10 billion, a PE ratio of 12.65, a PEG ratio of 0.32 and a beta of 1.12.

Ally Financial (NYSE:ALLY - Get Free Report) last released its quarterly earnings results on Thursday, April 17th. The financial services provider reported $0.58 EPS for the quarter, topping analysts' consensus estimates of $0.43 by $0.15. Ally Financial had a return on equity of 9.31% and a net margin of 11.29%. The company had revenue of $1.54 billion for the quarter, compared to analysts' expectations of $2.04 billion. During the same period in the prior year, the firm earned $0.45 earnings per share. Sell-side analysts predict that Ally Financial Inc. will post 3.57 earnings per share for the current fiscal year.

Ally Financial Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, May 15th. Investors of record on Thursday, May 1st will be issued a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 3.65%. The ex-dividend date is Thursday, May 1st. Ally Financial's dividend payout ratio (DPR) is 88.24%.

Insider Buying and Selling at Ally Financial

In related news, CFO Russell E. Hutchinson acquired 8,200 shares of the business's stock in a transaction dated Tuesday, April 22nd. The shares were acquired at an average price of $30.81 per share, with a total value of $252,642.00. Following the completion of the transaction, the chief financial officer now owns 236,421 shares of the company's stock, valued at $7,284,131.01. The trade was a 3.59 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.67% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

ALLY has been the subject of several recent research reports. Truist Financial reduced their price objective on Ally Financial from $45.00 to $41.00 and set a "buy" rating for the company in a research note on Tuesday, April 22nd. Morgan Stanley reduced their target price on shares of Ally Financial from $45.00 to $39.00 and set an "outperform" rating for the company in a research report on Monday, April 7th. For consumer lenders, the Trump Administration’s hardline approach to tariffs is “difficult to ignore” and there’s clearly more downside to the group if tariffs remain near current levels. If tariffs remain in place, risks to growth would skew meaningfully to the downside and risks to inflation to the upside, adds the analyst, who is downgrading the firm’s Consumer Finance industry view to Cautious from Attractive. Wells Fargo & Company lowered their price target on shares of Ally Financial from $34.00 to $32.00 and set an "underweight" rating on the stock in a research report on Monday, April 21st. Bank of America cut their price objective on shares of Ally Financial from $42.00 to $38.00 and set a "buy" rating for the company in a report on Monday, April 7th. Finally, Royal Bank of Canada restated an "outperform" rating and set a $40.00 target price on shares of Ally Financial in a report on Monday, April 21st. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and ten have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $41.69.

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.