LSV Asset Management Sells 128,000 Shares of Ally Financial Inc. (NYSE:ALLY)

LSV Asset Management reduced its stake in shares of Ally Financial Inc. (NYSE:ALLY - Free Report) by 5.3% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 2,280,435 shares of the financial services provider's stock after selling 128,000 shares during the quarter. LSV Asset Management owned 0.75% of Ally Financial worth $82,118,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently bought and sold shares of ALLY. Vanguard Group Inc. raised its stake in shares of Ally Financial by 0.4% during the fourth quarter. Vanguard Group Inc. now owns 28,252,149 shares of the financial services provider's stock valued at $1,017,360,000 after purchasing an additional 111,231 shares during the period. Geode Capital Management LLC increased its stake in Ally Financial by 3.9% during the 4th quarter. Geode Capital Management LLC now owns 4,895,467 shares of the financial services provider's stock worth $175,990,000 after buying an additional 184,278 shares during the period. Phoenix Financial Ltd. lifted its holdings in Ally Financial by 86.4% in the 4th quarter. Phoenix Financial Ltd. now owns 3,390,066 shares of the financial services provider's stock worth $122,077,000 after buying an additional 1,571,027 shares in the last quarter. FMR LLC lifted its holdings in Ally Financial by 1.1% in the 4th quarter. FMR LLC now owns 3,259,705 shares of the financial services provider's stock worth $117,382,000 after buying an additional 35,625 shares in the last quarter. Finally, ANTIPODES PARTNERS Ltd boosted its position in Ally Financial by 75.6% in the 4th quarter. ANTIPODES PARTNERS Ltd now owns 2,956,037 shares of the financial services provider's stock valued at $106,455,000 after buying an additional 1,272,853 shares during the last quarter. 88.76% of the stock is owned by institutional investors and hedge funds.

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Insiders Place Their Bets

In related news, CEO Michael George Rhodes acquired 25,634 shares of the business's stock in a transaction that occurred on Monday, January 27th. The shares were acquired at an average cost of $39.09 per share, with a total value of $1,002,033.06. Following the purchase, the chief executive officer now owns 25,634 shares of the company's stock, valued at approximately $1,002,033.06. The trade was a ∞ increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Russell E. Hutchinson acquired 19,100 shares of the firm's stock in a transaction that occurred on Friday, January 24th. The shares were purchased at an average cost of $39.45 per share, with a total value of $753,495.00. Following the completion of the acquisition, the chief financial officer now owns 202,845 shares in the company, 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. Corporate insiders own 0.67% of the company's stock.

Ally Financial Price Performance

Shares of ALLY stock traded up $0.11 during midday trading on Tuesday, reaching $32.32. 3,081,259 shares of the company were exchanged, compared to its average volume of 3,520,343. The company's 50 day moving average price is $35.63 and its two-hundred day moving average price is $36.28. The company has a market cap of $9.93 billion, a P/E ratio of 12.43, a PEG ratio of 0.32 and a beta of 1.12. Ally Financial Inc. has a 12 month low of $29.52 and a 12 month high of $45.46. The company has a debt-to-equity ratio of 1.51, a quick ratio of 0.93 and a current ratio of 0.93.

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, topping the consensus estimate of $0.57 by $0.21. The firm 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%. Ally Financial's revenue for the quarter was up 3.6% compared to the same quarter last year. During the same period in the previous year, the business earned $0.45 earnings per share. On average, sell-side analysts expect that Ally Financial Inc. will post 3.57 earnings per share for the current year.

Ally Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, February 14th. Stockholders 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 annualized dividend and a dividend yield of 3.71%. Ally Financial's dividend payout ratio (DPR) is presently 46.15%.

Wall Street Analyst Weigh In

ALLY has been the subject of a number of analyst reports. The Goldman Sachs Group increased their price target on Ally Financial from $45.00 to $50.00 and gave the company a "buy" rating in a report on Tuesday, April 1st. Barclays raised their price target on shares of Ally Financial from $36.00 to $44.00 and gave the stock an "equal weight" rating in a research report on Monday, January 6th. Compass Point raised shares of Ally Financial from a "neutral" rating to a "buy" rating and upped their price target for the company from $37.00 to $41.00 in a report on Monday, April 7th. Royal Bank of Canada raised their price objective on shares of Ally Financial from $41.00 to $45.00 and gave the stock an "outperform" rating in a report on Thursday, January 23rd. Finally, BTIG Research downgraded shares of Ally Financial from a "neutral" rating to a "sell" rating and set a $30.00 target price for the company. in a research report on Tuesday, March 25th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat, Ally Financial currently has an average rating of "Hold" and a consensus price target of $42.41.

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.