ExodusPoint Capital Management LP Sells 1,769,032 Shares of Ally Financial Inc. (NYSE:ALLY)

ExodusPoint Capital Management LP decreased its stake in Ally Financial Inc. (NYSE:ALLY - Free Report) by 86.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 281,910 shares of the financial services provider's stock after selling 1,769,032 shares during the quarter. ExodusPoint Capital Management LP owned 0.09% of Ally Financial worth $10,152,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Principal Securities Inc. grew its holdings in Ally Financial by 89.4% during the fourth 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 period. Kestra Investment Management LLC bought a new stake in Ally Financial in the 4th quarter valued at $43,000. UMB Bank n.a. boosted its position in Ally Financial by 218.8% during the fourth quarter. UMB Bank n.a. now owns 1,546 shares of the financial services provider's stock worth $56,000 after purchasing an additional 1,061 shares during the period. Harbour Investments Inc. increased its holdings in shares of Ally Financial by 38.5% in the fourth quarter. Harbour Investments Inc. now owns 2,142 shares of the financial services provider's stock valued at $77,000 after purchasing an additional 595 shares during the last quarter. Finally, Van ECK Associates Corp bought a new position in shares of Ally Financial in the fourth quarter valued at about $85,000. 88.76% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Ally Financial

In other news, CFO Russell E. Hutchinson purchased 19,100 shares of the business's stock in a transaction dated Friday, January 24th. The shares were purchased at an average price of $39.45 per share, for a total transaction of $753,495.00. Following the completion of the acquisition, the chief financial officer now directly owns 202,845 shares in the company, valued at $8,002,235.25. This represents a 10.39 % increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, 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, with a total value 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. The trade was a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. 0.56% of the stock is currently owned by corporate insiders.

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Ally Financial Price Performance

Shares of Ally Financial stock traded down $2.36 during trading on Thursday, hitting $31.37. 1,102,966 shares of the stock traded hands, compared to its average volume of 3,503,912. Ally Financial Inc. has a 52 week low of $29.52 and a 52 week high of $45.46. The stock has a market cap of $9.63 billion, a price-to-earnings ratio of 12.11, a PEG ratio of 0.32 and a beta of 1.12. The firm's fifty day moving average is $36.00 and its 200-day moving average is $36.32. 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 earnings results on Wednesday, January 22nd. The financial services provider reported $0.78 earnings per share for the quarter, beating the consensus estimate of $0.57 by $0.21. The company had revenue of $2.09 billion during the quarter, compared to analysts' expectations of $2.02 billion. Ally Financial had a return on equity of 9.31% and a net margin of 11.29%. Ally Financial's quarterly revenue was up 3.6% compared to the same quarter last year. During the same period in the prior year, the business posted $0.45 EPS. Research analysts expect that Ally Financial Inc. will post 3.57 EPS for the current fiscal year.

Ally Financial Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Friday, January 31st were paid a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 3.83%. The ex-dividend date of this dividend was Friday, January 31st. Ally Financial's payout ratio is 46.15%.

Analysts Set New Price Targets

ALLY has been the topic of a number of research reports. Morgan Stanley upped their price target on shares of Ally Financial from $41.00 to $45.00 and gave the company an "overweight" rating in a research note on Thursday, January 23rd. Bank of America dropped their price target on Ally Financial from $42.00 to $38.00 and set a "buy" rating for the company in a report on Monday. Truist Financial decreased their price objective on Ally Financial from $47.00 to $45.00 and set a "buy" rating on the stock in a report on Friday, April 4th. Royal Bank of Canada lifted their price objective on shares of Ally Financial from $41.00 to $45.00 and gave the stock an "outperform" rating in a research note on Thursday, January 23rd. Finally, JPMorgan Chase & Co. lowered their target price on shares of Ally Financial from $43.00 to $36.00 and set an "overweight" rating on the stock in a report on Tuesday. Two research 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 data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $42.41.

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.