Franklin Resources Inc. Cuts Position in Ally Financial Inc. (NYSE:ALLY)

Franklin Resources Inc. trimmed its position in shares of Ally Financial Inc. (NYSE:ALLY - Free Report) by 2.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 519,605 shares of the financial services provider's stock after selling 12,485 shares during the quarter. Franklin Resources Inc. owned 0.17% of Ally Financial worth $18,711,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in the company. Principal Securities Inc. lifted 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 worth $38,000 after acquiring an additional 496 shares during the period. Kestra Investment Management LLC bought a new stake in shares of Ally Financial during the 4th quarter worth $43,000. UMB Bank n.a. raised its stake in shares of 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 purchasing an additional 1,061 shares during the period. Harbour Investments Inc. grew its position in Ally Financial by 38.5% during the fourth quarter. Harbour Investments Inc. now owns 2,142 shares of the financial services provider's stock valued at $77,000 after buying an additional 595 shares during the period. Finally, Van ECK Associates Corp bought a new position in Ally Financial during the fourth quarter valued at about $85,000. Institutional investors own 88.76% of the company's stock.

Insider Activity at Ally Financial

In other news, CFO Russell E. Hutchinson purchased 19,100 shares of the business's stock in a transaction on Friday, January 24th. The shares were acquired at an average price of $39.45 per share, with a total value of $753,495.00. Following the acquisition, the chief financial officer now directly 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 document filed with the SEC, which is available at the SEC website. Also, CEO Michael George Rhodes acquired 25,634 shares of the firm's stock in a transaction on Monday, January 27th. The stock was purchased at an average price of $39.09 per share, for a total transaction of $1,002,033.06. Following 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 trade represents a ∞ increase in their position. The disclosure for this purchase can be found here. 0.56% of the stock is currently owned by company insiders.

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Analyst Ratings Changes

A number of research analysts have weighed in on ALLY shares. 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 note on Monday, January 6th. Bank of America reduced their price objective on Ally Financial from $42.00 to $38.00 and set a "buy" rating for the company in a report on Monday, April 7th. Truist Financial lowered their target price on Ally Financial from $47.00 to $45.00 and set a "buy" rating on the stock in a research note on Friday, April 4th. BTIG Research downgraded Ally Financial from a "neutral" rating to a "sell" rating and set a $30.00 price target for the company. in a research note on Tuesday, March 25th. Finally, Morgan Stanley boosted their price objective on Ally Financial from $41.00 to $45.00 and gave the company an "overweight" rating in a research note on Thursday, January 23rd. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and ten have issued a buy rating to the company. According to MarketBeat, the stock has an average rating of "Hold" and an average target price of $42.41.

Ally Financial Price Performance

Shares of ALLY traded down $0.23 during trading hours on Friday, reaching $31.76. 6,337,031 shares of the company's stock traded hands, compared to its average volume of 3,524,171. Ally Financial Inc. has a 12 month low of $29.52 and a 12 month 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 stock has a market cap of $9.76 billion, a PE ratio of 12.22, a price-to-earnings-growth ratio of 0.32 and a beta of 1.12. The firm's 50 day simple moving average is $35.75 and its 200-day simple moving average is $36.29.

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 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 business's quarterly revenue was up 3.6% on a year-over-year basis. During the same period last year, the business earned $0.45 earnings per share. Equities analysts expect that Ally Financial Inc. will post 3.57 EPS for the current year.

Ally Financial Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Friday, January 31st were paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.78%. The ex-dividend date of this dividend was Friday, January 31st. Ally Financial's dividend payout ratio (DPR) is presently 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.