Inceptionr LLC Makes New Investment in Ally Financial Inc. (NYSE:ALLY)

Inceptionr LLC purchased a new position in shares of Ally Financial Inc. (NYSE:ALLY - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 12,149 shares of the financial services provider's stock, valued at approximately $437,000.

Several other institutional investors have also modified their holdings of ALLY. Venturi Wealth Management LLC raised its holdings in Ally Financial by 153.9% during the 3rd 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. grew its stake 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 purchasing an additional 496 shares in the last quarter. Kestra Investment Management LLC acquired a new position in Ally Financial during the fourth quarter worth $43,000. UMB Bank n.a. lifted its stake in Ally Financial by 218.8% in the 4th quarter. UMB Bank n.a. now owns 1,546 shares of the financial services provider's stock valued at $56,000 after purchasing an additional 1,061 shares during the last quarter. Finally, Brooklyn Investment Group bought a new stake in Ally Financial in the third quarter valued at approximately $63,000. Institutional investors own 88.76% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on ALLY. Jefferies Financial Group boosted their target price on Ally Financial from $35.00 to $40.00 and gave the stock a "hold" rating in a report on Thursday, January 23rd. Wells Fargo & Company upped their price objective on shares of Ally Financial from $32.00 to $34.00 and gave the company an "underweight" rating in a report on Thursday, January 23rd. Truist Financial upped their price target on shares of Ally Financial from $42.00 to $47.00 and gave the company a "buy" rating in a research note on Tuesday, January 28th. Morgan Stanley boosted their price objective on Ally Financial from $41.00 to $45.00 and gave the stock an "overweight" rating in a report on Thursday, January 23rd. Finally, JPMorgan Chase & Co. upped their target price on Ally Financial from $40.00 to $43.00 and gave the company an "overweight" rating in a research 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 given a buy rating to the company's stock. Based on data from MarketBeat.com, Ally Financial has a consensus rating of "Hold" and a consensus price target of $43.76.

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Ally Financial Price Performance

Shares of ALLY traded up $0.48 during trading hours on Wednesday, reaching $33.93. The stock had a trading volume of 2,884,637 shares, compared to its average volume of 3,700,884. The stock has a market capitalization of $10.42 billion, a PE ratio of 13.05, a PEG ratio of 0.32 and a beta of 1.40. The company has a debt-to-equity ratio of 1.51, a quick ratio of 0.93 and a current ratio of 0.93. The company's 50-day moving average is $37.12 and its two-hundred day moving average is $36.81. 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 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 business had revenue of $2.09 billion during the quarter, compared to analyst estimates of $2.02 billion. During the same period last year, the company earned $0.45 EPS. Ally Financial's revenue for the quarter was up 3.6% compared to the same quarter last year. Research analysts expect that Ally Financial Inc. will post 3.57 EPS for the current year.

Ally Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Friday, January 31st were paid a $0.30 dividend. The ex-dividend date of this dividend was Friday, January 31st. This represents a $1.20 annualized dividend and a dividend yield of 3.54%. Ally Financial's dividend payout ratio is currently 46.15%.

Insider Transactions at Ally Financial

In related news, CFO Russell E. Hutchinson acquired 19,100 shares of the company's stock in a transaction on 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 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 acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Michael George Rhodes bought 25,634 shares of the company's stock in a transaction on Monday, January 27th. The shares were purchased at an average cost of $39.09 per share, for a total transaction of $1,002,033.06. Following the transaction, the chief executive officer now owns 25,634 shares in the company, valued at approximately $1,002,033.06. This represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 0.67% of the company's stock.

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.