Brandywine Global Investment Management LLC Trims Stock Position in Ally Financial Inc. (NYSE:ALLY)

Brandywine Global Investment Management LLC cut its holdings in shares of Ally Financial Inc. (NYSE:ALLY - Free Report) by 7.4% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 145,885 shares of the financial services provider's stock after selling 11,664 shares during the quarter. Brandywine Global Investment Management LLC's holdings in Ally Financial were worth $5,253,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Principal Securities Inc. increased its position 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 valued at $38,000 after acquiring an additional 496 shares during the last quarter. Kestra Investment Management LLC purchased a new position in shares of Ally Financial during the 4th quarter worth approximately $43,000. UMB Bank n.a. increased its holdings in Ally Financial by 218.8% in 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 during the last quarter. Harbour Investments Inc. increased its holdings in Ally Financial by 38.5% in the 4th quarter. Harbour Investments Inc. now owns 2,142 shares of the financial services provider's stock valued at $77,000 after purchasing an additional 595 shares during the last quarter. Finally, Van ECK Associates Corp purchased a new stake in Ally Financial in the fourth quarter valued at approximately $85,000. 88.76% of the stock is owned by institutional investors and hedge funds.

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Ally Financial Stock Performance

Shares of NYSE:ALLY traded down $0.84 on Friday, reaching $32.16. The company's stock had a trading volume of 9,357,136 shares, compared to its average volume of 3,458,242. The stock has a market capitalization of $9.88 billion, a P/E ratio of 12.37, a PEG ratio of 0.32 and a beta of 1.12. Ally Financial Inc. has a 52-week low of $30.06 and a 52-week high of $45.46. The stock's 50-day moving average is $36.72 and its two-hundred day moving average is $36.44. The company has a debt-to-equity ratio of 1.51, a current ratio of 0.93 and a quick ratio of 0.93.

Ally Financial (NYSE:ALLY - Get Free Report) last announced its quarterly earnings data on Wednesday, January 22nd. The financial services provider reported $0.78 earnings per share for the quarter, topping analysts' consensus estimates of $0.57 by $0.21. The firm had revenue of $2.09 billion for the quarter, compared to analyst estimates of $2.02 billion. Ally Financial had a return on equity of 9.31% and a net margin of 11.29%. Ally Financial's quarterly revenue was up 3.6% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.45 earnings per share. As a group, sell-side analysts forecast that Ally Financial Inc. will post 3.57 EPS for the current year.

Ally Financial Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Friday, January 31st were issued a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.73%. The ex-dividend date was Friday, January 31st. Ally Financial's dividend payout ratio is currently 46.15%.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the company. Wells Fargo & Company raised their price target on Ally Financial from $32.00 to $34.00 and gave the stock an "underweight" rating in a research report on Thursday, January 23rd. Royal Bank of Canada raised their target price on Ally Financial from $41.00 to $45.00 and gave the company an "outperform" rating in a report on Thursday, January 23rd. The Goldman Sachs Group boosted their price target on shares of Ally Financial from $45.00 to $50.00 and gave the stock a "buy" rating in a research note on Tuesday, April 1st. 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 note on Thursday, January 23rd. Finally, Truist Financial dropped their price objective on shares of Ally Financial from $47.00 to $45.00 and set a "buy" rating for the company in a report on Friday. Two analysts have rated the stock with a sell rating, nine have given a hold rating and nine have given a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $42.53.

Insider Activity at Ally Financial

In related news, CEO Michael George Rhodes bought 25,634 shares of Ally Financial stock in a transaction that occurred on Monday, January 27th. The shares were purchased at an average price of $39.09 per share, with a total value of $1,002,033.06. Following the purchase, the chief executive officer now owns 25,634 shares in the company, valued at $1,002,033.06. This represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Russell E. Hutchinson purchased 19,100 shares of the company's stock in a transaction on 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 transaction, the chief financial officer now directly owns 202,845 shares of the company's stock, valued at $8,002,235.25. This represents a 10.39 % increase in their position. The disclosure for this purchase can be found here. 0.67% of the stock is currently owned by company insiders.

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.