Swiss National Bank Sells 35,300 Shares of Ally Financial Inc. (NYSE:ALLY)

Swiss National Bank reduced its stake in Ally Financial Inc. (NYSE:ALLY - Free Report) by 4.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 774,720 shares of the financial services provider's stock after selling 35,300 shares during the period. Swiss National Bank owned 0.25% of Ally Financial worth $27,898,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the stock. Sequoia Financial Advisors LLC acquired a new position in Ally Financial during the 4th quarter worth approximately $206,000. HighTower Advisors LLC raised its position in shares of Ally Financial by 285.9% during the fourth quarter. HighTower Advisors LLC now owns 58,703 shares of the financial services provider's stock worth $2,114,000 after purchasing an additional 43,490 shares during the period. Daiwa Securities Group Inc. lifted its holdings in shares of Ally Financial by 2.4% in the 4th quarter. Daiwa Securities Group Inc. now owns 21,409 shares of the financial services provider's stock worth $771,000 after purchasing an additional 500 shares in the last quarter. AlphaQuest LLC grew its position in Ally Financial by 102.9% in the 4th quarter. AlphaQuest LLC now owns 21,290 shares of the financial services provider's stock valued at $767,000 after purchasing an additional 10,797 shares during the period. Finally, Amundi increased its stake in Ally Financial by 81.0% during the 4th 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 in the last quarter. Institutional investors and hedge funds own 88.76% of the company's stock.

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Insiders Place Their Bets

In related news, CEO Michael George Rhodes bought 25,634 shares of the company's stock in a transaction on Monday, January 27th. The shares were purchased at an average price of $39.09 per share, for a total transaction of $1,002,033.06. Following the completion of the transaction, the chief executive officer now directly owns 25,634 shares in the company, valued at approximately $1,002,033.06. The trade was a ∞ increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CFO Russell E. Hutchinson purchased 19,100 shares of Ally Financial 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 transaction, 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 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

A number of research firms have weighed in on ALLY. Truist Financial raised their price objective on shares of Ally Financial from $42.00 to $47.00 and gave the company a "buy" rating in a research note on Tuesday, January 28th. The Goldman Sachs Group lifted their price target on Ally Financial from $42.00 to $48.00 and gave the company a "buy" rating in a research note on Thursday, January 23rd. JPMorgan Chase & Co. increased their price objective on Ally Financial from $40.00 to $43.00 and gave the stock an "overweight" rating in a research note on Thursday, January 23rd. Keefe, Bruyette & Woods lifted their target price on Ally Financial from $44.00 to $56.00 and gave the company an "outperform" rating in a research report on Monday, December 9th. Finally, Jefferies Financial Group upped their price target on Ally Financial from $35.00 to $40.00 and gave the stock a "hold" rating in a report on Thursday, January 23rd. One analyst has rated the stock with a sell rating, ten have issued a hold rating and nine have given a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $43.76.

Ally Financial Stock Performance

Shares of Ally Financial stock traded up $0.38 on Friday, reaching $36.50. 13,525,238 shares of the company traded hands, compared to its average volume of 3,188,921. 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 firm has a market capitalization of $11.21 billion, a PE ratio of 14.04, a PEG ratio of 0.32 and a beta of 1.40. The company has a 50 day moving average of $36.94 and a 200 day moving average of $36.49. Ally Financial Inc. has a 52 week low of $31.95 and a 52 week high of $45.46.

Ally Financial (NYSE:ALLY - Get Free Report) last announced its quarterly earnings data on Wednesday, January 22nd. The financial services provider reported $0.78 earnings per share for the quarter, beating the consensus estimate of $0.57 by $0.21. The business had revenue of $2.09 billion during the quarter, compared to analyst estimates of $2.02 billion. Ally Financial had a return on equity of 9.31% and a net margin of 11.29%. Ally Financial's revenue was up 3.6% compared to the same quarter last year. During the same period in the prior year, the company earned $0.45 earnings per share. Equities analysts forecast that Ally Financial Inc. will post 3.57 earnings per share for the current year.

Ally Financial Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Friday, January 31st were issued a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 3.29%. The ex-dividend date was Friday, January 31st. Ally Financial's dividend payout ratio (DPR) is presently 46.15%.

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.