Andra AP fonden Sells 8,000 Shares of Ally Financial Inc. (NYSE:ALLY)

Andra AP fonden lessened its stake in shares of Ally Financial Inc. (NYSE:ALLY - Free Report) by 1.5% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 537,100 shares of the financial services provider's stock after selling 8,000 shares during the quarter. Andra AP fonden owned about 0.18% of Ally Financial worth $19,341,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of ALLY. Venturi Wealth Management LLC boosted its position in shares of Ally Financial by 153.9% in the third quarter. Venturi Wealth Management LLC now owns 952 shares of the financial services provider's stock valued at $34,000 after acquiring an additional 577 shares during the period. Principal Securities Inc. boosted its holdings in 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 purchasing an additional 496 shares during the period. Kestra Investment Management LLC bought a new position in Ally Financial in the 4th quarter valued at $43,000. UMB Bank n.a. grew 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 valued at $56,000 after purchasing an additional 1,061 shares in the last quarter. Finally, Brooklyn Investment Group bought a new position in shares of Ally Financial in the third quarter worth $63,000. 88.76% of the stock is currently owned by institutional investors.

Ally Financial Trading Down 0.0 %

Shares of NYSE:ALLY traded down $0.01 during trading on Tuesday, reaching $33.50. 3,913,173 shares of the company traded hands, compared to its average volume of 3,729,888. 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 Inc. has a 52-week low of $31.95 and a 52-week high of $45.46. The firm has a market capitalization of $10.29 billion, a price-to-earnings ratio of 12.88, a P/E/G ratio of 0.32 and a beta of 1.40. The business's fifty day moving average is $37.17 and its 200-day moving average is $36.88.

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Ally Financial (NYSE:ALLY - Get Free Report) last announced its quarterly earnings results on Wednesday, January 22nd. The financial services provider reported $0.78 earnings per share 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 business had revenue of $2.09 billion during the quarter, compared to analysts' expectations of $2.02 billion. During the same quarter in the prior year, the company posted $0.45 EPS. The firm's revenue for the quarter was up 3.6% compared to the same quarter last year. As a group, analysts forecast that Ally Financial Inc. will post 3.57 EPS for the current year.

Ally Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Friday, January 31st were paid a $0.30 dividend. The ex-dividend date was Friday, January 31st. This represents a $1.20 annualized dividend and a dividend yield of 3.58%. Ally Financial's payout ratio is presently 46.15%.

Analyst Upgrades and Downgrades

Several research firms recently commented on ALLY. Royal Bank of Canada boosted their target price on Ally Financial from $41.00 to $45.00 and gave the stock an "outperform" rating in a research report on Thursday, January 23rd. JPMorgan Chase & Co. boosted their price objective on Ally Financial from $40.00 to $43.00 and gave the stock an "overweight" rating in a report on Thursday, January 23rd. Truist Financial raised their target price on shares of Ally Financial from $42.00 to $47.00 and gave the company a "buy" rating in a research note on Tuesday, January 28th. Morgan Stanley boosted their price target on shares of Ally Financial from $41.00 to $45.00 and gave the stock an "overweight" rating in a research note on Thursday, January 23rd. Finally, Jefferies Financial Group raised their price objective 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. One research analyst has rated the stock with a sell rating, ten have given a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and an average target price of $43.76.

Insider Activity at Ally Financial

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