Edgestream Partners L.P. Takes $3.03 Million Position in Ally Financial Inc. (NYSE:ALLY)

Edgestream Partners L.P. purchased a new position in Ally Financial Inc. (NYSE:ALLY - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 84,066 shares of the financial services provider's stock, valued at approximately $3,027,000.

Several other hedge funds have also recently modified their holdings of the business. Venturi Wealth Management LLC lifted its stake in shares of Ally Financial by 153.9% during the third quarter. Venturi Wealth Management LLC now owns 952 shares of the financial services provider's stock worth $34,000 after buying an additional 577 shares during the period. Principal Securities Inc. boosted its position in Ally Financial by 89.4% in the fourth quarter. Principal Securities Inc. now owns 1,051 shares of the financial services provider's stock valued at $38,000 after buying an additional 496 shares during the last quarter. Kestra Investment Management LLC acquired a new position in Ally Financial in the 4th quarter worth approximately $43,000. UMB Bank n.a. raised its position in 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 worth $56,000 after buying an additional 1,061 shares during the last quarter. Finally, Brooklyn Investment Group acquired a new stake in Ally Financial during the 3rd quarter valued at approximately $63,000. Hedge funds and other institutional investors own 88.76% of the company's stock.

Insider Transactions at Ally Financial

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

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Analyst Ratings Changes

ALLY has been the subject of a number of research reports. Barclays boosted their target price on shares of Ally Financial from $36.00 to $44.00 and gave the company an "equal weight" rating in a research report on Monday, January 6th. Wells Fargo & Company upped their target price on Ally Financial from $32.00 to $34.00 and gave the stock an "underweight" rating in a research note on Thursday, January 23rd. Citigroup boosted their price target on Ally Financial from $50.00 to $55.00 and gave the company a "buy" rating in a report on Friday, November 15th. Truist Financial lifted 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, Jefferies Financial Group raised their price target 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 assigned a buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $43.76.

Ally Financial Trading Up 1.4 %

NYSE:ALLY traded up $0.48 on Wednesday, reaching $33.93. The company's stock had a trading volume of 4,143,806 shares, compared to its average volume of 3,738,664. The firm has a market cap of $10.42 billion, a price-to-earnings ratio of 13.05, a price-to-earnings-growth ratio of 0.32 and a beta of 1.40. 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 12-month low of $31.95 and a 12-month high of $45.46. The stock has a 50 day moving average price of $37.12 and a 200 day moving average price of $36.81.

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

Ally Financial Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Friday, January 31st were paid a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 3.54%. The ex-dividend date was Friday, January 31st. Ally Financial's dividend payout ratio (DPR) is 46.15%.

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.