Bruni J V & Co. Co. Has $33.09 Million Stock Position in Ally Financial Inc. (NYSE:ALLY)

Bruni J V & Co. Co. boosted its holdings in shares of Ally Financial Inc. (NYSE:ALLY - Free Report) by 0.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 918,830 shares of the financial services provider's stock after buying an additional 7,565 shares during the quarter. Ally Financial makes up about 3.7% of Bruni J V & Co. Co.'s investment portfolio, making the stock its 10th largest holding. Bruni J V & Co. Co. owned approximately 0.30% of Ally Financial worth $33,087,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in ALLY. CIBC Asset Management Inc raised its position in shares of Ally Financial by 1.9% during the third quarter. CIBC Asset Management Inc now owns 15,638 shares of the financial services provider's stock valued at $557,000 after buying an additional 293 shares during the last quarter. Maverick Capital Ltd. grew its stake in Ally Financial by 1.2% during the third quarter. Maverick Capital Ltd. now owns 26,120 shares of the financial services provider's stock valued at $930,000 after acquiring an additional 299 shares in the last quarter. Waterfront Wealth Inc. increased its holdings in Ally Financial by 0.8% in the 4th quarter. Waterfront Wealth Inc. now owns 50,924 shares of the financial services provider's stock valued at $1,834,000 after acquiring an additional 389 shares during the last quarter. Allworth Financial LP lifted its stake in Ally Financial by 41.9% in the 3rd quarter. Allworth Financial LP now owns 1,426 shares of the financial services provider's stock worth $51,000 after purchasing an additional 421 shares in the last quarter. Finally, Principal Securities Inc. boosted its holdings in shares of Ally Financial by 89.4% during 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 last quarter. 88.76% of the stock is owned by hedge funds and other institutional investors.

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Analyst Ratings Changes

Several equities research analysts have recently issued reports on ALLY shares. 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 report on Monday, December 9th. Wells Fargo & Company lifted their price objective on Ally Financial from $32.00 to $34.00 and gave the stock an "underweight" rating in a research note on Thursday, January 23rd. The Goldman Sachs Group upped their price objective on Ally Financial from $42.00 to $48.00 and gave the stock a "buy" 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 report on Tuesday, January 28th. Finally, Citigroup upped their price target on shares of Ally Financial from $50.00 to $55.00 and gave the company a "buy" rating in a research note on Friday, November 15th. One 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, the company currently has a consensus rating of "Hold" and an average price target of $43.76.

Insider Buying and Selling at Ally Financial

In other news, CEO Michael George Rhodes purchased 25,634 shares of the business's stock in a transaction dated Monday, January 27th. The shares were purchased at an average price of $39.09 per share, for a total transaction of $1,002,033.06. Following the completion of the purchase, the chief executive officer now owns 25,634 shares in the company, valued at approximately $1,002,033.06. This represents a ∞ increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO Russell E. Hutchinson acquired 19,100 shares of the firm's stock in a transaction that occurred on Friday, January 24th. The stock was purchased at an average price of $39.45 per share, with a total value of $753,495.00. Following the completion of the acquisition, 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 ownership of the stock. The disclosure for this purchase can be found here. 0.67% of the stock is owned by corporate insiders.

Ally Financial Trading Down 0.5 %

Shares of NYSE ALLY traded down $0.19 during midday trading on Tuesday, hitting $35.02. The company's stock had a trading volume of 4,217,520 shares, compared to its average volume of 3,533,940. Ally Financial Inc. has a 12-month low of $31.95 and a 12-month high of $45.46. 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 firm has a market cap of $10.76 billion, a P/E ratio of 13.48, a price-to-earnings-growth ratio of 0.32 and a beta of 1.45. The business's 50 day moving average is $37.28 and its two-hundred day moving average is $37.14.

Ally Financial (NYSE:ALLY - Get Free Report) last released its earnings results 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. Ally Financial had a return on equity of 9.31% and a net margin of 11.29%. The business had revenue of $2.09 billion for the quarter, compared to analyst estimates of $2.02 billion. During the same quarter last year, the firm posted $0.45 earnings per share. The business's revenue was up 3.6% compared to the same quarter last year. As a group, equities research analysts expect that Ally Financial Inc. will post 3.57 EPS for the current year.

Ally Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Friday, January 31st were issued 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 yield of 3.43%. Ally Financial's payout ratio is 46.15%.

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.