Dimensional Fund Advisors LP Sells 1,127,367 Shares of Ally Financial Inc. (NYSE:ALLY)

Dimensional Fund Advisors LP cut its holdings in shares of Ally Financial Inc. (NYSE:ALLY - Free Report) by 11.5% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 8,663,392 shares of the financial services provider's stock after selling 1,127,367 shares during the quarter. Dimensional Fund Advisors LP owned 2.84% of Ally Financial worth $311,966,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the business. Principal Securities Inc. grew 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 purchasing an additional 496 shares in the last quarter. Kestra Investment Management LLC acquired a new position in shares of Ally Financial during the 4th quarter worth about $43,000. UMB Bank n.a. raised its position in shares of 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 acquiring an additional 1,061 shares in the last quarter. Harbour Investments Inc. lifted its stake in Ally Financial by 38.5% during the fourth quarter. Harbour Investments Inc. now owns 2,142 shares of the financial services provider's stock worth $77,000 after purchasing an additional 595 shares during the last quarter. Finally, Aster Capital Management DIFC Ltd acquired a new position in Ally Financial in the fourth quarter valued at approximately $78,000. Institutional investors and hedge funds own 88.76% of the company's stock.

Ally Financial Stock Down 0.7 %

Shares of ALLY traded down $0.24 during midday trading on Friday, reaching $32.95. 4,237,723 shares of the company were exchanged, compared to its average volume of 3,531,625. Ally Financial Inc. has a 1-year low of $29.52 and a 1-year high of $45.46. The stock has a 50-day moving average price of $34.65 and a 200-day moving average price of $36.09. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 1.51. The company has a market cap of $10.12 billion, a price-to-earnings ratio of 12.67, a P/E/G ratio of 0.32 and a beta of 1.12.

Ally Financial (NYSE:ALLY - Get Free Report) last posted its quarterly earnings data on Thursday, April 17th. The financial services provider reported $0.58 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.43 by $0.15. Ally Financial had a net margin of 11.29% and a return on equity of 9.31%. The company had revenue of $1.54 billion for the quarter, compared to analyst estimates of $2.04 billion. During the same quarter last year, the firm posted $0.45 earnings per share. Research analysts expect that Ally Financial Inc. will post 3.57 earnings per share for the current year.

Ally Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, May 15th. Investors of record on Thursday, May 1st will be paid a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 3.64%. The ex-dividend date is Thursday, May 1st. Ally Financial's dividend payout ratio (DPR) is 88.24%.

Analyst Upgrades and Downgrades

ALLY has been the subject of a number of research reports. The Goldman Sachs Group boosted their price target on shares of Ally Financial from $45.00 to $50.00 and gave the company a "buy" rating in a research report on Tuesday, April 1st. BTIG Research cut Ally Financial from a "neutral" rating to a "sell" rating and set a $30.00 target price for the company. in a research report on Tuesday, March 25th. Jefferies Financial Group upped their price target 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. Bank of America dropped their price target on Ally Financial from $42.00 to $38.00 and set a "buy" rating on the stock in a research report on Monday, April 7th. Finally, Morgan Stanley dropped their price objective on Ally Financial from $45.00 to $39.00 and set an "outperform" rating on the stock in a 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. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Hold" and an average target price of $41.69.

Insider Buying and Selling at Ally Financial

In other news, CFO Russell E. Hutchinson bought 8,200 shares of the firm's stock in a transaction dated Tuesday, April 22nd. The stock was bought at an average price of $30.81 per share, for a total transaction of $252,642.00. Following the transaction, the chief financial officer now owns 236,421 shares in the company, valued at $7,284,131.01. The trade was a 3.59 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Michael George Rhodes acquired 25,634 shares of the company's stock in a transaction that occurred on 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 purchase, the chief executive officer now owns 25,634 shares of the company's stock, valued at $1,002,033.06. This trade represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. 0.67% of the stock is 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.