AMF Tjanstepension AB Sells 156,809 Shares of Ally Financial Inc. (NYSE:ALLY)

AMF Tjanstepension AB trimmed its stake in Ally Financial Inc. (NYSE:ALLY - Free Report) by 52.8% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 140,015 shares of the financial services provider's stock after selling 156,809 shares during the period. AMF Tjanstepension AB's holdings in Ally Financial were worth $5,047,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. State Street Corp grew its position in shares of Ally Financial by 0.5% in the third quarter. State Street Corp now owns 10,704,719 shares of the financial services provider's stock valued at $380,981,000 after purchasing an additional 51,426 shares during the last quarter. Assenagon Asset Management S.A. boosted its stake in Ally Financial by 233.4% during the 4th quarter. Assenagon Asset Management S.A. now owns 2,430,128 shares of the financial services provider's stock valued at $87,509,000 after purchasing an additional 1,701,264 shares during the period. Jacobs Levy Equity Management Inc. grew its holdings in Ally Financial by 217.0% in the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 2,283,214 shares of the financial services provider's stock valued at $81,260,000 after buying an additional 1,563,008 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in Ally Financial by 19.6% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,106,589 shares of the financial services provider's stock worth $74,974,000 after buying an additional 344,543 shares during the period. Finally, Jennison Associates LLC lifted its holdings in shares of Ally Financial by 4.7% during the third quarter. Jennison Associates LLC now owns 1,672,812 shares of the financial services provider's stock worth $59,535,000 after buying an additional 75,080 shares during the last quarter. 88.76% of the stock is currently owned by institutional investors and hedge funds.

Remove Ads

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on ALLY shares. StockNews.com downgraded shares of Ally Financial from a "buy" rating to a "hold" rating in a research note on Thursday, January 23rd. Morgan Stanley raised their price target on shares of Ally Financial from $41.00 to $45.00 and gave the stock an "overweight" rating in a research report on Thursday, January 23rd. Truist Financial upped their price objective on shares of Ally Financial from $42.00 to $47.00 and gave the company a "buy" rating in a research report on Tuesday, January 28th. Keefe, Bruyette & Woods lifted their target price on Ally Financial from $44.00 to $56.00 and gave the stock an "outperform" rating in a research report on Monday, December 9th. Finally, Jefferies Financial Group upped their price target on Ally Financial from $35.00 to $40.00 and gave the company a "hold" rating in a report on Thursday, January 23rd. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and nine have assigned a buy rating to the company's stock. According to MarketBeat.com, Ally Financial presently has a consensus rating of "Hold" and an average price target of $43.76.

Ally Financial Trading Up 1.4 %

Shares of ALLY traded up $0.48 on Wednesday, reaching $33.93. 4,145,849 shares of the company's stock were exchanged, compared to its average volume of 3,738,696. The business has a 50 day moving average price of $37.12 and a two-hundred day moving average price of $36.81. Ally Financial Inc. has a 12 month low of $31.95 and a 12 month high of $45.46. The stock has a market capitalization of $10.42 billion, a P/E ratio of 13.05, a price-to-earnings-growth ratio of 0.32 and a beta of 1.40. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 1.51.

Ally Financial (NYSE:ALLY - Get Free Report) last issued its earnings results on Wednesday, January 22nd. The financial services provider reported $0.78 EPS for the quarter, beating the consensus estimate 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 during the quarter, compared to analysts' expectations of $2.02 billion. During the same quarter in the previous year, the company posted $0.45 EPS. The business's revenue for the quarter was up 3.6% compared to the same quarter last year. Research analysts anticipate that Ally Financial Inc. will post 3.57 earnings per share for the current year.

Ally Financial Dividend Announcement

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

Insider Transactions at Ally Financial

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

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.