Fjarde AP Fonden Fourth Swedish National Pension Fund Has $3.15 Million Stake in Ally Financial Inc. (NYSE:ALLY)

Fjarde AP Fonden Fourth Swedish National Pension Fund reduced its position in Ally Financial Inc. (NYSE:ALLY - Free Report) by 15.4% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 87,483 shares of the financial services provider's stock after selling 15,900 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund's holdings in Ally Financial were worth $3,150,000 as of its most recent filing with the SEC.

Other hedge funds have also bought and sold shares of the company. Venturi Wealth Management LLC lifted its position in 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 acquiring an additional 577 shares during the last quarter. Principal Securities Inc. lifted its position 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 worth $38,000 after acquiring an additional 496 shares during the last quarter. Kestra Investment Management LLC acquired a new stake in Ally Financial during the fourth quarter worth approximately $43,000. Allworth Financial LP lifted its position in Ally Financial by 41.9% during the third quarter. Allworth Financial LP now owns 1,426 shares of the financial services provider's stock worth $51,000 after acquiring an additional 421 shares during the last quarter. Finally, UMB Bank n.a. lifted 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 acquiring an additional 1,061 shares during the last quarter. 88.76% of the stock is currently owned by institutional investors and hedge funds.

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Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on ALLY shares. Wolfe Research downgraded shares of Ally Financial from an "outperform" rating to a "peer perform" rating in a research report on Thursday, December 5th. Citigroup raised their price objective on shares of Ally Financial from $50.00 to $55.00 and gave the stock a "buy" rating in a research report on Friday, November 15th. Truist Financial raised their target price on shares of Ally Financial from $42.00 to $47.00 and gave the stock a "buy" rating in a report on Tuesday, January 28th. Keefe, Bruyette & Woods raised their target price on shares of Ally Financial from $44.00 to $56.00 and gave the stock an "outperform" rating in a report on Monday, December 9th. Finally, Morgan Stanley raised their target price on shares of Ally Financial from $41.00 to $45.00 and gave the stock an "overweight" rating in a report on Thursday, January 23rd. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and nine have issued a buy rating to the stock. According to MarketBeat.com, Ally Financial has an average rating of "Hold" and a consensus price target of $43.76.

Ally Financial Price Performance

NYSE:ALLY traded up $0.41 during mid-day trading on Friday, reaching $37.12. The stock had a trading volume of 3,037,420 shares, compared to its average volume of 3,529,144. The stock has a 50-day simple moving average of $37.28 and a two-hundred day simple moving average of $37.23. The stock has a market capitalization of $11.40 billion, a PE ratio of 14.28, a P/E/G ratio of 0.32 and a beta of 1.45. The company has a debt-to-equity ratio of 1.51, a current ratio of 0.93 and a quick ratio of 0.93. Ally Financial Inc. has a 12 month low of $31.95 and a 12 month high of $45.46.

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

Ally Financial Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Friday, January 31st were given a $0.30 dividend. The ex-dividend date was Friday, January 31st. This represents a $1.20 dividend on an annualized basis and a yield of 3.23%. Ally Financial's dividend payout ratio is currently 46.15%.

Insider Buying and Selling at Ally Financial

In related news, CEO Michael George Rhodes bought 25,634 shares of the business's stock in a transaction on Monday, January 27th. The shares were purchased at an average price of $39.09 per share, for a total transaction of $1,002,033.06. Following the completion of the transaction, the chief executive officer now directly owns 25,634 shares of the company's stock, valued at approximately $1,002,033.06. This represents a ∞ increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through this link. Also, CFO Russell E. Hutchinson purchased 19,100 shares of the business's stock in a transaction dated Friday, January 24th. The shares were acquired at an average price of $39.45 per share, for a total transaction of $753,495.00. Following the acquisition, the chief financial officer now owns 202,845 shares of the company's stock, valued at $8,002,235.25. This trade 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.

Ally Financial 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.