Skandinaviska Enskilda Banken AB publ Sells 15,842 Shares of Ally Financial Inc. (NYSE:ALLY)

Skandinaviska Enskilda Banken AB publ trimmed its stake in shares of Ally Financial Inc. (NYSE:ALLY - Free Report) by 21.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 56,919 shares of the financial services provider's stock after selling 15,842 shares during the quarter. Skandinaviska Enskilda Banken AB publ's holdings in Ally Financial were worth $2,033,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Principal Securities Inc. grew its position in shares of Ally Financial by 89.4% in the 4th quarter. Principal Securities Inc. now owns 1,051 shares of the financial services provider's stock worth $38,000 after buying an additional 496 shares during the last quarter. Kestra Investment Management LLC purchased a new position in shares of Ally Financial in the 4th quarter valued at approximately $43,000. UMB Bank n.a. lifted its stake in shares of Ally Financial by 218.8% in the 4th quarter. UMB Bank n.a. now owns 1,546 shares of the financial services provider's stock valued at $56,000 after purchasing an additional 1,061 shares during the period. Brooklyn Investment Group purchased a new position in shares of Ally Financial in the 3rd quarter valued at approximately $63,000. Finally, Van ECK Associates Corp purchased a new position in shares of Ally Financial in the 4th quarter valued at approximately $85,000. 88.76% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on ALLY. Truist Financial raised their target price on Ally Financial from $42.00 to $47.00 and gave the company a "buy" rating in a research note on Tuesday, January 28th. Royal Bank of Canada lifted their price objective on Ally Financial from $41.00 to $45.00 and gave the company an "outperform" rating in a research note on Thursday, January 23rd. Keefe, Bruyette & Woods boosted their price target on Ally Financial from $44.00 to $56.00 and gave the stock an "outperform" rating in a research note on Monday, December 9th. Jefferies Financial Group boosted their price target on Ally Financial from $35.00 to $40.00 and gave the stock a "hold" rating in a research note on Thursday, January 23rd. Finally, Morgan Stanley boosted their price target on Ally Financial from $41.00 to $45.00 and gave the stock an "overweight" rating in a research note on Thursday, January 23rd. One research analyst has rated the stock with a sell rating, ten have given a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $43.76.

Remove Ads

Insider Buying and Selling

In other news, CEO Michael George Rhodes purchased 25,634 shares of the company's stock in a transaction that occurred on Monday, January 27th. The stock was bought at an average cost of $39.09 per share, with a total value of $1,002,033.06. Following the completion of the purchase, 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 ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CFO Russell E. Hutchinson purchased 19,100 shares of the company'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 purchase, the chief financial officer now owns 202,845 shares of the company's stock, valued at $8,002,235.25. The trade was a 10.39 % increase in their position. The disclosure for this purchase can be found here. 0.67% of the stock is currently owned by company insiders.

Ally Financial Stock Performance

ALLY traded up $0.67 during midday trading on Thursday, reaching $36.13. The company had a trading volume of 5,225,389 shares, compared to its average volume of 3,148,864. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 1.51. The business has a 50-day moving average of $36.93 and a two-hundred day moving average of $36.49. The company has a market cap of $11.09 billion, a P/E ratio of 13.89, a P/E/G 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.

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 analysts' consensus estimates of $0.57 by $0.21. Ally Financial had a return on equity of 9.31% and a net margin of 11.29%. The business had revenue of $2.09 billion during the quarter, compared to analysts' expectations of $2.02 billion. During the same quarter in the prior year, the business posted $0.45 earnings per share. The business's quarterly revenue was up 3.6% on a year-over-year basis. As a group, equities research analysts predict that Ally Financial Inc. will post 3.57 earnings per share for the current fiscal year.

Ally Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Friday, January 31st were given a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 3.32%. The ex-dividend date was Friday, January 31st. Ally Financial's dividend payout ratio is currently 46.15%.

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.