Empowered Funds LLC Sells 104,992 Shares of Ally Financial Inc. (NYSE:ALLY)

Empowered Funds LLC reduced its holdings in Ally Financial Inc. (NYSE:ALLY - Free Report) by 90.0% during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 11,608 shares of the financial services provider's stock after selling 104,992 shares during the quarter. Empowered Funds LLC's holdings in Ally Financial were worth $418,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Blue Trust Inc. boosted its holdings in shares of Ally Financial by 8.2% in the 3rd quarter. Blue Trust Inc. now owns 4,660 shares of the financial services provider's stock worth $166,000 after purchasing an additional 352 shares in the last quarter. International Assets Investment Management LLC boosted its holdings in shares of Ally Financial by 752.7% in the 3rd quarter. International Assets Investment Management LLC now owns 50,694 shares of the financial services provider's stock worth $18,040,000 after purchasing an additional 44,749 shares in the last quarter. Assenagon Asset Management S.A. boosted its holdings in shares of Ally Financial by 2,088.2% in the 3rd quarter. Assenagon Asset Management S.A. now owns 728,864 shares of the financial services provider's stock worth $25,940,000 after purchasing an additional 695,555 shares in the last quarter. Allworth Financial LP boosted its holdings in shares of 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, Forsta AP Fonden boosted its holdings in shares of Ally Financial by 14.0% in the 3rd quarter. Forsta AP Fonden now owns 49,600 shares of the financial services provider's stock worth $1,765,000 after purchasing an additional 6,100 shares in the last quarter. 88.76% of the stock is currently owned by institutional investors.

Insider Transactions at Ally Financial

In related news, CFO Russell E. Hutchinson acquired 19,100 shares of Ally Financial stock in a transaction that occurred on Friday, January 24th. The stock was bought 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 directly owns 202,845 shares in the company, valued at approximately $8,002,235.25. This represents a 10.39 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO Michael George Rhodes acquired 25,634 shares of Ally Financial 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 transaction, 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 disclosure for this purchase can be found here. Corporate insiders own 0.67% of the company's stock.

Ally Financial Trading Down 3.1 %

NYSE ALLY traded down $1.22 on Friday, hitting $37.71. The company's stock had a trading volume of 734,028 shares, compared to its average volume of 3,544,677. Ally Financial Inc. has a 52-week low of $31.95 and a 52-week 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 company's 50-day simple moving average is $37.17 and its 200 day simple moving average is $37.37. The firm has a market cap of $11.49 billion, a P/E ratio of 14.50, a PEG ratio of 0.34 and a beta of 1.45.

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 (EPS) for the quarter, topping the consensus estimate of $0.57 by $0.21. Ally Financial had a return on equity of 9.31% and a net margin of 11.29%. The firm had revenue of $2.09 billion during the quarter, compared to analyst estimates of $2.02 billion. During the same quarter in the prior year, the company earned $0.45 EPS. The business's revenue was up 3.6% compared to the same quarter last year. Research analysts predict that Ally Financial Inc. will post 3.57 EPS for the current fiscal year.

Ally Financial Dividend Announcement

The company also recently announced 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 annualized dividend and a dividend yield of 3.18%. The ex-dividend date was Friday, January 31st. Ally Financial's dividend payout ratio is currently 46.15%.

Analysts Set New Price Targets

ALLY has been the subject of a number of research reports. StockNews.com cut Ally Financial from a "buy" rating to a "hold" rating in a report on Thursday, January 23rd. Jefferies Financial Group upped their price objective on Ally Financial from $35.00 to $40.00 and gave the stock a "hold" rating in a report on Thursday, January 23rd. Wolfe Research cut Ally Financial from an "outperform" rating to a "peer perform" rating in a report on Thursday, December 5th. The Goldman Sachs Group increased their target price on Ally Financial from $42.00 to $48.00 and gave the company a "buy" rating in a report on Thursday, January 23rd. Finally, Truist Financial increased their target price on Ally Financial from $42.00 to $47.00 and gave the company a "buy" rating in a report on Tuesday, January 28th. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of "Hold" and an average price target of $43.76.

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.