Charles Schwab Investment Management Inc. Sells 10,888 Shares of Ally Financial Inc. (NYSE:ALLY)

Charles Schwab Investment Management Inc. cut its stake in shares of Ally Financial Inc. (NYSE:ALLY - Free Report) by 0.5% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 2,319,287 shares of the financial services provider's stock after selling 10,888 shares during the quarter. Charles Schwab Investment Management Inc. owned approximately 0.76% of Ally Financial worth $83,518,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. US Bancorp DE boosted its position in Ally Financial by 4.2% in the third quarter. US Bancorp DE now owns 14,516 shares of the financial services provider's stock valued at $517,000 after buying an additional 590 shares in the last quarter. Janney Montgomery Scott LLC raised its stake in shares of Ally Financial by 68.8% in the third quarter. Janney Montgomery Scott LLC now owns 68,986 shares of the financial services provider's stock valued at $2,455,000 after acquiring an additional 28,114 shares during the last quarter. Crossmark Global Holdings Inc. boosted its holdings in shares of Ally Financial by 220.6% in the 3rd quarter. Crossmark Global Holdings Inc. now owns 56,681 shares of the financial services provider's stock worth $2,018,000 after acquiring an additional 39,000 shares in the last quarter. Venturi Wealth Management LLC grew its position in Ally Financial by 153.9% during the 3rd quarter. Venturi Wealth Management LLC now owns 952 shares of the financial services provider's stock worth $34,000 after acquiring an additional 577 shares during the last quarter. Finally, Versor Investments LP bought a new stake in Ally Financial during the 3rd quarter worth approximately $1,199,000. Institutional investors and hedge funds own 88.76% of the company's stock.

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Ally Financial Stock Up 3.5 %

Shares of NYSE:ALLY traded up $1.16 during midday trading on Friday, reaching $34.15. 3,095,712 shares of the company were exchanged, compared to its average volume of 3,159,564. The firm has a market cap of $10.49 billion, a PE ratio of 13.14, a P/E/G ratio of 0.32 and a beta of 1.40. Ally Financial Inc. has a fifty-two week low of $31.95 and a fifty-two week high of $45.46. The stock has a fifty day simple moving average of $37.02 and a two-hundred day simple moving average of $36.76. 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 (NYSE:ALLY - Get Free Report) last issued its quarterly earnings results on Wednesday, January 22nd. The financial services provider reported $0.78 EPS for the quarter, beating analysts' consensus estimates of $0.57 by $0.21. The company 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%. The company's quarterly revenue was up 3.6% compared to the same quarter last year. During the same period in the previous year, the company posted $0.45 earnings per share. As a group, sell-side analysts forecast that Ally Financial Inc. will post 3.57 earnings per share for the current year.

Ally Financial Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Friday, January 31st were given a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.51%. The ex-dividend date of this dividend was Friday, January 31st. Ally Financial's dividend payout ratio is presently 46.15%.

Analyst Upgrades and Downgrades

A number of research firms have commented on ALLY. Truist Financial boosted their price objective on Ally Financial from $42.00 to $47.00 and gave the stock a "buy" rating in a research note on Tuesday, January 28th. Royal Bank of Canada increased their price objective on shares of Ally Financial from $41.00 to $45.00 and gave the stock an "outperform" rating in a report on Thursday, January 23rd. Keefe, Bruyette & Woods boosted their target price on shares of Ally Financial from $44.00 to $56.00 and gave the stock an "outperform" rating in a research note on Monday, December 9th. Jefferies Financial Group upped their target price on shares of Ally Financial from $35.00 to $40.00 and gave the stock a "hold" rating in a research report on Thursday, January 23rd. Finally, StockNews.com lowered shares of Ally Financial from a "buy" rating to 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, Ally Financial currently has a consensus rating of "Hold" and a consensus price target of $43.76.

Insider Buying and Selling at Ally Financial

In related news, CEO Michael George Rhodes acquired 25,634 shares of the company's stock in a transaction dated Monday, January 27th. The shares were bought at an average price of $39.09 per share, for a total transaction of $1,002,033.06. Following the purchase, the chief executive officer now directly owns 25,634 shares in the company, valued at approximately $1,002,033.06. This trade represents a ∞ increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Russell E. Hutchinson bought 19,100 shares of the firm's stock in a transaction that occurred on Friday, January 24th. The stock was purchased at an average cost of $39.45 per share, with a total value of $753,495.00. Following the completion of the purchase, 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. Company 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.