Causeway Capital Management LLC bought a new position in shares of Ally Financial Inc. (NYSE:ALLY - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 423,364 shares of the financial services provider's stock, valued at approximately $15,245,000. Causeway Capital Management LLC owned 0.14% of Ally Financial as of its most recent SEC filing.
Other hedge funds also recently made changes to their positions in the company. National Bank of Canada FI lifted its holdings in shares of Ally Financial by 23.7% during the third quarter. National Bank of Canada FI now owns 40,249 shares of the financial services provider's stock valued at $1,432,000 after purchasing an additional 7,708 shares during the last quarter. MML Investors Services LLC lifted its stake in Ally Financial by 8.5% during the third quarter. MML Investors Services LLC now owns 14,870 shares of the financial services provider's stock valued at $529,000 after buying an additional 1,167 shares in the last quarter. Toronto Dominion Bank boosted its holdings in shares of Ally Financial by 31.3% in the third quarter. Toronto Dominion Bank now owns 34,495 shares of the financial services provider's stock worth $1,228,000 after buying an additional 8,217 shares during the period. Virtu Financial LLC purchased a new position in shares of Ally Financial in the third quarter worth approximately $450,000. Finally, Sanctuary Advisors LLC raised its holdings in shares of Ally Financial by 26.1% during the third quarter. Sanctuary Advisors LLC now owns 22,516 shares of the financial services provider's stock valued at $852,000 after acquiring an additional 4,663 shares during the period. Institutional investors and hedge funds own 88.76% of the company's stock.
Wall Street Analyst Weigh In
A number of research analysts have recently weighed in on ALLY shares. BTIG Research downgraded Ally Financial from a "neutral" rating to a "sell" rating and set a $30.00 price target on the stock. in a report on Tuesday, March 25th. JPMorgan Chase & Co. dropped their target price on Ally Financial from $43.00 to $36.00 and set an "overweight" rating on the stock in a research report on Tuesday, April 8th. The Goldman Sachs Group increased 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. StockNews.com lowered Ally Financial from a "buy" rating to a "hold" rating in a report on Thursday, January 23rd. Finally, Morgan Stanley decreased their price target on shares of Ally Financial from $45.00 to $39.00 and set an "outperform" rating for the company in a report on Monday, April 7th. For consumer lenders, the Trump Administration’s hardline approach to tariffs is “difficult to ignore” and there’s clearly more downside to the group if tariffs remain near current levels. If tariffs remain in place, risks to growth would skew meaningfully to the downside and risks to inflation to the upside, adds the analyst, who is downgrading the firm’s Consumer Finance industry view to Cautious from Attractive. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and ten have issued a buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $41.76.
Read Our Latest Analysis on Ally Financial
Ally Financial Price Performance
NYSE:ALLY traded down $0.57 during trading hours on Friday, reaching $31.61. The company had a trading volume of 8,042,061 shares, compared to its average volume of 3,522,050. The stock has a 50-day moving average of $35.14 and a two-hundred day moving average of $36.18. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 1.51. Ally Financial Inc. has a one year low of $29.52 and a one year high of $45.46. The firm has a market capitalization of $9.71 billion, a PE ratio of 12.16, a PEG ratio of 0.32 and a beta of 1.12.
Ally Financial (NYSE:ALLY - Get Free Report) last released its quarterly earnings results on Thursday, April 17th. The financial services provider reported $0.58 EPS for the quarter, topping analysts' consensus estimates of $0.43 by $0.15. Ally Financial had a return on equity of 9.31% and a net margin of 11.29%. The business had revenue of $1.54 billion for the quarter, compared to analyst estimates of $2.04 billion. During the same period in the prior year, the company earned $0.45 EPS. Analysts forecast that Ally Financial Inc. will post 3.57 earnings per share for the current year.
Ally Financial Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, May 15th. Shareholders of record on Thursday, May 1st will be issued a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 3.80%. The ex-dividend date of this dividend is Thursday, May 1st. Ally Financial's dividend payout ratio is 88.24%.
Insider Activity at Ally Financial
In other news, CEO Michael George Rhodes acquired 25,634 shares of the firm's stock in a transaction that occurred on Monday, January 27th. The stock was purchased at an average price of $39.09 per share, for a total transaction of $1,002,033.06. Following the completion of the acquisition, the chief executive officer now owns 25,634 shares in the company, valued at $1,002,033.06. This trade represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CFO Russell E. Hutchinson acquired 19,100 shares of the 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 transaction, the chief financial officer now owns 202,845 shares in the company, 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 company insiders.
About Ally Financial
(
Free Report)
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.
Featured Articles
Before you consider Ally Financial, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Ally Financial wasn't on the list.
While Ally Financial currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Wondering where to start (or end) with AI stocks? These 10 simple stocks can help investors build long-term wealth as artificial intelligence continues to grow into the future.
Get This Free Report
