Sciencast Management LP Takes Position in Ally Financial Inc. (NYSE:ALLY)

Sciencast Management LP acquired a new position in shares of Ally Financial Inc. (NYSE:ALLY - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm acquired 15,254 shares of the financial services provider's stock, valued at approximately $549,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Principal Securities Inc. increased its holdings in shares of Ally Financial by 89.4% in the fourth quarter. Principal Securities Inc. now owns 1,051 shares of the financial services provider's stock worth $38,000 after acquiring an additional 496 shares in the last quarter. Kestra Investment Management LLC bought a new stake in Ally Financial during the 4th quarter worth approximately $43,000. UMB Bank n.a. raised its holdings in 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 worth $56,000 after buying an additional 1,061 shares during the period. Brooklyn Investment Group bought a new position in Ally Financial in the third quarter valued at approximately $63,000. Finally, Harbour Investments Inc. boosted its holdings in shares of Ally Financial by 38.5% in the fourth quarter. Harbour Investments Inc. now owns 2,142 shares of the financial services provider's stock valued at $77,000 after buying an additional 595 shares during the period. 88.76% of the stock is currently owned by institutional investors.

Ally Financial Stock Performance

Shares of ALLY traded down $0.32 during mid-day trading on Tuesday, reaching $37.56. The company's stock had a trading volume of 3,552,997 shares, compared to its average volume of 3,164,936. 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 has a market cap of $11.54 billion, a P/E ratio of 14.45, a PEG ratio of 0.32 and a beta of 1.40. Ally Financial Inc. has a 1-year low of $31.95 and a 1-year high of $45.46. The business has a 50-day simple moving average of $37.05 and a two-hundred day simple moving average of $36.35.

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Ally Financial (NYSE:ALLY - Get Free Report) last released its quarterly earnings data on Wednesday, January 22nd. The financial services provider reported $0.78 EPS for the quarter, topping analysts' consensus estimates of $0.57 by $0.21. The firm had revenue of $2.09 billion during 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%. The company'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 posted $0.45 earnings per share. As a group, equities research analysts anticipate that Ally Financial Inc. will post 3.57 earnings per share for the current fiscal year.

Ally Financial Dividend Announcement

The business also recently declared 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 3.19%. Ally Financial's dividend payout ratio is currently 46.15%.

Insiders Place Their Bets

In other news, CFO Russell E. Hutchinson bought 19,100 shares of the company's stock in a transaction dated Friday, January 24th. The stock was bought at an average price 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 of the company's stock, valued at $8,002,235.25. This represents a 10.39 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Michael George Rhodes purchased 25,634 shares of the firm's stock in a transaction that occurred on Monday, January 27th. The stock was acquired at an average price of $39.09 per share, for a total transaction of $1,002,033.06. Following the completion of the purchase, the chief executive officer now directly owns 25,634 shares of the company's stock, valued at $1,002,033.06. This represents a ∞ increase in their position. The disclosure for this purchase can be found here. Company insiders own 0.67% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the stock. Truist Financial boosted their price objective 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 boosted their price target on Ally Financial from $42.00 to $48.00 and gave the company a "buy" rating in a report on Thursday, January 23rd. BTIG Research downgraded Ally Financial from a "neutral" rating to a "sell" rating and set a $30.00 price objective for the company. in a report on Tuesday. Wells Fargo & Company lifted their target price on Ally Financial from $32.00 to $34.00 and gave the company an "underweight" rating in a research report on Thursday, January 23rd. Finally, Royal Bank of Canada raised their price target on shares of Ally Financial from $41.00 to $45.00 and gave the stock an "outperform" rating in a research note on Thursday, January 23rd. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Hold" and an average target price of $42.53.

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.