Philip James Wealth Mangement LLC Sells 10,282 Shares of Ally Financial Inc. (NYSE:ALLY)

Philip James Wealth Mangement LLC cut its holdings in shares of Ally Financial Inc. (NYSE:ALLY - Free Report) by 4.3% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 227,263 shares of the financial services provider's stock after selling 10,282 shares during the period. Ally Financial accounts for 1.1% of Philip James Wealth Mangement LLC's holdings, making the stock its 20th biggest holding. Philip James Wealth Mangement LLC owned about 0.07% of Ally Financial worth $8,184,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of ALLY. Venturi Wealth Management LLC raised its holdings in shares of 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 purchasing an additional 577 shares during the last quarter. Principal Securities Inc. grew its position in shares of Ally Financial by 89.4% during the 4th quarter. Principal Securities Inc. now owns 1,051 shares of the financial services provider's stock valued at $38,000 after acquiring an additional 496 shares during the period. Allworth Financial LP grew its holdings in Ally Financial by 41.9% in the third quarter. Allworth Financial LP now owns 1,426 shares of the financial services provider's stock valued at $51,000 after purchasing an additional 421 shares during the period. UMB Bank n.a. lifted its position 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 valued at $56,000 after buying an additional 1,061 shares in the last quarter. Finally, Brooklyn Investment Group acquired a new stake in Ally Financial in the 3rd quarter valued at $63,000. 88.76% of the stock is owned by hedge funds and other institutional investors.

Ally Financial Stock Down 0.4 %

NYSE ALLY traded down $0.16 during trading on Thursday, reaching $38.95. 3,633,063 shares of the company's stock were exchanged, compared to its average volume of 3,631,392. The company's fifty day simple moving average is $37.14 and its 200-day simple moving average is $37.35. The firm has a market capitalization of $11.87 billion, a PE ratio of 14.98, a P/E/G ratio of 0.33 and a beta of 1.45. Ally Financial Inc. has a fifty-two week low of $31.95 and a fifty-two week 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.

Ally Financial (NYSE:ALLY - Get Free Report) last issued its quarterly earnings results on Wednesday, January 22nd. The financial services provider reported $0.78 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $2.09 billion for the quarter, compared to analyst estimates of $2.02 billion. During the same period in the previous year, the company posted $0.45 earnings per share. The company's quarterly revenue was up 3.6% compared to the same quarter last year. Sell-side analysts predict that Ally Financial Inc. will post 3.64 EPS for the current year.

Ally Financial Dividend Announcement

The business also recently declared 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 was Friday, January 31st. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.08%. Ally Financial's dividend payout ratio (DPR) is presently 46.15%.

Insider Activity at Ally Financial

In other Ally Financial news, CFO Russell E. Hutchinson purchased 19,100 shares of the business's 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 acquisition, the chief financial officer now directly 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 transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Michael George Rhodes acquired 25,634 shares of the business's stock in a transaction on Monday, January 27th. The stock was acquired at an average cost of $39.09 per share, with a total value of $1,002,033.06. Following the acquisition, the chief executive officer now directly owns 25,634 shares in the company, valued at approximately $1,002,033.06. This trade represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. 0.67% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several research firms recently commented on ALLY. Jefferies Financial Group increased their price objective on Ally Financial from $35.00 to $40.00 and gave the company a "hold" rating in a research note on Thursday, January 23rd. Keefe, Bruyette & Woods boosted their price objective on shares of Ally Financial from $44.00 to $56.00 and gave the company an "outperform" rating in a report on Monday, December 9th. Truist Financial lifted their price target on shares of Ally Financial from $42.00 to $47.00 and gave the company a "buy" rating in a research report on Tuesday, January 28th. The Goldman Sachs Group increased their price objective on shares of Ally Financial from $42.00 to $48.00 and gave the stock a "buy" rating in a research report on Thursday, January 23rd. Finally, JPMorgan Chase & Co. lifted their target price on shares of Ally Financial from $40.00 to $43.00 and gave the company an "overweight" rating in a report on Thursday, January 23rd. One equities research 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. According to MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $43.76.

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.