Russell Investments Group Ltd. Raises Stock Holdings in Ally Financial Inc. (NYSE:ALLY)

Russell Investments Group Ltd. boosted its position in Ally Financial Inc. (NYSE:ALLY - Free Report) by 59.3% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 722,637 shares of the financial services provider's stock after purchasing an additional 268,908 shares during the period. Russell Investments Group Ltd. owned about 0.24% of Ally Financial worth $26,014,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the company. Norges Bank purchased a new stake in shares of Ally Financial during the fourth quarter valued at approximately $75,483,000. Assenagon Asset Management S.A. raised its holdings in shares of Ally Financial by 233.4% in the 4th quarter. Assenagon Asset Management S.A. now owns 2,430,128 shares of the financial services provider's stock worth $87,509,000 after purchasing an additional 1,701,264 shares during the period. ANTIPODES PARTNERS Ltd lifted its position in shares of Ally Financial by 75.6% during 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. Amundi lifted its holdings in Ally Financial by 81.0% during the fourth quarter. Amundi now owns 1,156,003 shares of the financial services provider's stock valued at $41,165,000 after purchasing an additional 517,388 shares during the last quarter. Finally, Franklin Resources Inc. lifted its stake in shares of Ally Financial by 184.7% during the 3rd quarter. Franklin Resources Inc. now owns 532,090 shares of the financial services provider's stock valued at $19,044,000 after buying an additional 345,210 shares in the last quarter. 88.76% of the stock is owned by institutional investors.

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Ally Financial Trading Up 2.3 %

ALLY stock traded up $0.74 during trading on Monday, reaching $32.54. The company had a trading volume of 532,178 shares, compared to its average volume of 4,272,347. The business has a 50 day moving average of $35.75 and a 200 day moving average of $36.30. The company has a debt-to-equity ratio of 1.51, a current ratio of 0.93 and a quick ratio of 0.93. The company has a market cap of $9.99 billion, a P/E ratio of 12.52, a PEG ratio of 0.32 and a beta of 1.12. Ally Financial Inc. has a 52 week low of $29.52 and a 52 week high of $45.46.

Ally Financial (NYSE:ALLY - Get Free Report) last released 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 firm had revenue of $2.09 billion for the quarter, compared to the consensus estimate of $2.02 billion. During the same period in the prior year, the firm earned $0.45 EPS. The company's revenue was up 3.6% compared to the same quarter last year. As a group, sell-side analysts forecast that Ally Financial Inc. will post 3.57 earnings per share for the current fiscal year.

Ally Financial Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Friday, January 31st were issued a $0.30 dividend. The ex-dividend date of this dividend was Friday, January 31st. This represents a $1.20 annualized dividend and a yield of 3.69%. Ally Financial's dividend payout ratio (DPR) is presently 46.15%.

Insider Transactions at Ally Financial

In other news, CEO Michael George Rhodes bought 25,634 shares of the company's stock in a transaction 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 completion of the transaction, the chief executive officer now 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 transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Russell E. Hutchinson bought 19,100 shares of the business's stock in a transaction that occurred 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 completion of the transaction, 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 disclosure for this purchase can be found here. Insiders own 0.67% of the company's stock.

Analyst Ratings Changes

A number of research firms have recently commented on ALLY. Truist Financial cut their price objective on shares of Ally Financial from $47.00 to $45.00 and set a "buy" rating for the company in a research report on Friday, April 4th. JPMorgan Chase & Co. dropped their target price on shares of Ally Financial from $43.00 to $36.00 and set an "overweight" rating for the company in a research report on Tuesday, April 8th. Jefferies Financial Group increased their price target on shares of Ally Financial from $35.00 to $40.00 and gave the stock a "hold" rating in a report on Thursday, January 23rd. StockNews.com downgraded shares of Ally Financial from a "buy" rating to a "hold" rating in a report on Thursday, January 23rd. Finally, Royal Bank of Canada raised their price target on Ally Financial from $41.00 to $45.00 and gave the company an "outperform" rating in a research report on Thursday, January 23rd. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and ten have issued a buy rating to the stock. According to MarketBeat, the company has an average rating of "Hold" and an average target price of $42.41.

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.