Grantham Mayo Van Otterloo & Co. LLC Sells 223,914 Shares of Ally Financial Inc. (NYSE:ALLY)

Grantham Mayo Van Otterloo & Co. LLC trimmed its holdings in shares of Ally Financial Inc. (NYSE:ALLY - Free Report) by 21.6% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 812,929 shares of the financial services provider's stock after selling 223,914 shares during the quarter. Grantham Mayo Van Otterloo & Co. LLC owned 0.27% of Ally Financial worth $29,274,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Cerity Partners LLC increased its position in Ally Financial by 8.4% during the 3rd quarter. Cerity Partners LLC now owns 16,488 shares of the financial services provider's stock valued at $587,000 after purchasing an additional 1,273 shares during the period. Rockefeller Capital Management L.P. boosted its stake in shares of Ally Financial by 29.9% in the 3rd quarter. Rockefeller Capital Management L.P. now owns 53,079 shares of the financial services provider's stock valued at $1,889,000 after purchasing an additional 12,229 shares during the last quarter. Verition Fund Management LLC increased its position in shares of Ally Financial by 71.4% during the third quarter. Verition Fund Management LLC now owns 25,944 shares of the financial services provider's stock worth $923,000 after buying an additional 10,809 shares during the period. Centiva Capital LP bought a new position in Ally Financial during the third quarter worth $388,000. Finally, Investment Management Corp of Ontario increased its stake in Ally Financial by 49.3% during the 3rd quarter. Investment Management Corp of Ontario now owns 9,090 shares of the financial services provider's stock valued at $324,000 after purchasing an additional 3,000 shares in the last quarter. 88.76% of the stock is currently owned by institutional investors and hedge funds.

Ally Financial Price Performance

NYSE:ALLY traded down $1.15 during mid-day trading on Friday, hitting $30.84. 2,118,932 shares of the stock traded hands, compared to its average volume of 3,507,611. The business's 50-day moving average price is $35.88 and its 200 day moving average price is $36.31. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 1.51. The company has a market cap of $9.47 billion, a PE ratio of 11.84, a price-to-earnings-growth ratio of 0.32 and a beta of 1.12. Ally Financial Inc. has a 12-month low of $29.52 and a 12-month high of $45.46.

Ally Financial (NYSE:ALLY - Get Free Report) last released its quarterly earnings results on Wednesday, January 22nd. The financial services provider reported $0.78 EPS for the quarter, beating 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 firm had revenue of $2.09 billion during the quarter, compared to analyst estimates of $2.02 billion. During the same period in the previous year, the business earned $0.45 EPS. The business's revenue for the quarter was up 3.6% on a year-over-year basis. On average, analysts expect that Ally Financial Inc. will post 3.57 EPS for the current fiscal year.

Ally Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Friday, January 31st were given a dividend of $0.30 per share. The ex-dividend date of this dividend was Friday, January 31st. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.89%. Ally Financial's dividend payout ratio (DPR) is presently 46.15%.

Analyst Ratings Changes

A number of brokerages have recently issued reports on ALLY. Barclays lifted their price objective on shares of Ally Financial from $36.00 to $44.00 and gave the company an "equal weight" rating in a report on Monday, January 6th. Bank of America cut their price target on Ally Financial from $42.00 to $38.00 and set a "buy" rating for the company in a research note on Monday. The Goldman Sachs Group boosted their price objective on Ally Financial from $45.00 to $50.00 and gave the stock a "buy" rating in a report on Tuesday, April 1st. Compass Point upgraded Ally Financial from a "neutral" rating to a "buy" rating and raised their target price for the company from $37.00 to $41.00 in a report on Monday. Finally, Truist Financial decreased their price target on Ally Financial from $47.00 to $45.00 and set a "buy" rating for the company in a report on Friday, April 4th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and ten have assigned a buy rating to the company's stock. According to MarketBeat, Ally Financial currently has a consensus rating of "Hold" and an average price target of $42.41.

Insider Transactions at Ally Financial

In other news, CFO Russell E. Hutchinson purchased 19,100 shares of the stock in a transaction on Friday, January 24th. The shares were acquired at an average price of $39.45 per share, for a total transaction of $753,495.00. Following the completion of the transaction, the chief financial officer now directly owns 202,845 shares of the company's stock, valued at approximately $8,002,235.25. This trade represents a 10.39 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this link. Also, CEO Michael George Rhodes acquired 25,634 shares of the business's stock in a transaction dated Monday, January 27th. The stock was purchased at an average price of $39.09 per share, with a total value of $1,002,033.06. Following the completion of the acquisition, the chief executive officer now directly owns 25,634 shares in the company, valued at approximately $1,002,033.06. This represents a ∞ increase in their position. The disclosure for this purchase can be found here. 0.56% of the stock is owned by insiders.

Ally Financial 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.