Kestra Private Wealth Services LLC Buys 20,569 Shares of Ally Financial Inc. (NYSE:ALLY)

Kestra Private Wealth Services LLC grew its position in shares of Ally Financial Inc. (NYSE:ALLY - Free Report) by 16.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 147,933 shares of the financial services provider's stock after buying an additional 20,569 shares during the period. Kestra Private Wealth Services LLC's holdings in Ally Financial were worth $5,327,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in ALLY. Assenagon Asset Management S.A. boosted its holdings in shares of Ally Financial by 233.4% in the fourth quarter. Assenagon Asset Management S.A. now owns 2,430,128 shares of the financial services provider's stock worth $87,509,000 after acquiring an additional 1,701,264 shares during the period. Jacobs Levy Equity Management Inc. increased its position in shares of Ally Financial by 217.0% during the third quarter. Jacobs Levy Equity Management Inc. now owns 2,283,214 shares of the financial services provider's stock valued at $81,260,000 after buying an additional 1,563,008 shares during the period. Wedge Capital Management L L P NC lifted its holdings in shares of Ally Financial by 584.7% in the third quarter. Wedge Capital Management L L P NC now owns 1,395,308 shares of the financial services provider's stock worth $49,659,000 after buying an additional 1,191,529 shares in the last quarter. Point72 Asset Management L.P. bought a new position in shares of Ally Financial in the third quarter valued at approximately $21,571,000. Finally, 140 Summer Partners LP purchased a new position in Ally Financial during the third quarter valued at approximately $19,140,000. Institutional investors own 88.76% of the company's stock.

Ally Financial Trading Up 0.2 %

ALLY stock traded up $0.09 during midday trading on Tuesday, hitting $37.89. The company had a trading volume of 756,835 shares, compared to its average volume of 3,748,579. The stock has a market cap of $11.54 billion, a price-to-earnings ratio of 14.56, a PEG ratio of 0.43 and a beta of 1.45. 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's 50 day moving average price is $37.19 and its 200 day moving average price is $37.57. Ally Financial Inc. has a 52 week low of $31.95 and a 52 week high of $45.46.

Ally Financial (NYSE:ALLY - Get Free Report) last posted its earnings results on Wednesday, January 22nd. The financial services provider reported $0.78 earnings per share for the quarter, topping analysts' consensus estimates of $0.57 by $0.21. Ally Financial had a net margin of 11.29% and a return on equity of 9.31%. The company had revenue of $2.09 billion during the quarter, compared to analyst estimates of $2.02 billion. During the same period in the prior year, the business posted $0.45 earnings per share. Ally Financial's revenue for the quarter was up 3.6% on a year-over-year basis. As a group, equities research analysts expect that Ally Financial Inc. will post 3.69 earnings per share for the current fiscal year.

Ally Financial Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, February 14th. Stockholders of record on Friday, January 31st will be paid a dividend of $0.30 per share. The ex-dividend date is Friday, January 31st. This represents a $1.20 annualized dividend and a dividend yield of 3.17%. Ally Financial's dividend payout ratio (DPR) is presently 46.15%.

Insider Activity at Ally Financial

In other news, CFO Russell E. Hutchinson acquired 19,100 shares of the stock in a transaction on Friday, January 24th. The stock was acquired at an average price of $39.45 per share, with a total value of $753,495.00. Following the completion of the transaction, the chief financial officer now owns 202,845 shares of the company's stock, valued at $8,002,235.25. This represents a 10.39 % increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO Michael George Rhodes bought 25,634 shares of the company's stock in a transaction dated Monday, January 27th. The shares were acquired at an average price of $39.09 per share, for a total transaction of $1,002,033.06. Following the acquisition, 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 position. The disclosure for this purchase can be found here. 0.67% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several research analysts have commented on the stock. The Goldman Sachs Group raised their price target on shares of Ally Financial from $42.00 to $48.00 and gave the company a "buy" rating in a report on Thursday, January 23rd. Truist Financial lifted their price objective on Ally Financial from $42.00 to $47.00 and gave the company a "buy" rating in a research note on Tuesday, January 28th. Citigroup upped their target price on Ally Financial from $50.00 to $55.00 and gave the stock a "buy" rating in a research note on Friday, November 15th. Wells Fargo & Company boosted their price objective on Ally Financial from $32.00 to $34.00 and gave the stock an "underweight" rating in a report on Thursday, January 23rd. Finally, Royal Bank of Canada upped their price objective on shares of Ally Financial from $41.00 to $45.00 and gave the stock an "outperform" rating in a research report on Thursday, January 23rd. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and nine have issued a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus 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.