Thrivent Financial for Lutherans Sells 126,566 Shares of Ally Financial Inc. (NYSE:ALLY)

Thrivent Financial for Lutherans cut its position in Ally Financial Inc. (NYSE:ALLY - Free Report) by 2.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 4,263,742 shares of the financial services provider's stock after selling 126,566 shares during the period. Thrivent Financial for Lutherans owned 1.40% of Ally Financial worth $153,537,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Principal Securities Inc. boosted its position in Ally Financial by 89.4% in the fourth quarter. Principal Securities Inc. now owns 1,051 shares of the financial services provider's stock valued at $38,000 after buying an additional 496 shares in the last quarter. Kestra Investment Management LLC acquired a new position in Ally Financial in the fourth quarter valued at about $43,000. UMB Bank n.a. raised its stake in shares of Ally Financial by 218.8% in the fourth quarter. UMB Bank n.a. now owns 1,546 shares of the financial services provider's stock worth $56,000 after acquiring an additional 1,061 shares during the last quarter. Brooklyn Investment Group bought a new position in shares of Ally Financial in the third quarter worth about $63,000. Finally, Harbour Investments Inc. raised its stake 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 worth $77,000 after acquiring an additional 595 shares during the last quarter. 88.76% of the stock is currently owned by institutional investors and hedge funds.

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Insider Activity

In other Ally Financial news, CFO Russell E. Hutchinson bought 19,100 shares of Ally Financial stock in a transaction that occurred on Friday, January 24th. The stock was acquired at an average price of $39.45 per share, for a total transaction 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 trade represents a 10.39 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO Michael George Rhodes bought 25,634 shares of Ally Financial stock in a transaction that occurred on Monday, January 27th. The shares were acquired at an average price 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 of the company's stock, valued at $1,002,033.06. The trade was a ∞ increase in their position. The disclosure for this purchase can be found here. Corporate insiders own 0.67% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the stock. Morgan Stanley boosted their target price on shares of Ally Financial from $41.00 to $45.00 and gave the stock an "overweight" rating in a research note on Thursday, January 23rd. Truist Financial boosted their target price on shares of Ally Financial from $42.00 to $47.00 and gave the stock a "buy" rating in a research note on Tuesday, January 28th. Royal Bank of Canada boosted their target price 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. StockNews.com downgraded shares of Ally Financial from a "buy" rating to a "hold" rating in a research note on Thursday, January 23rd. Finally, Jefferies Financial Group boosted their target price on shares of Ally Financial from $35.00 to $40.00 and gave the stock a "hold" rating in a research note on Thursday, January 23rd. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $43.76.

Ally Financial Trading Up 1.1 %

NYSE ALLY traded up $0.38 during trading on Friday, reaching $36.50. 13,525,349 shares of the stock traded hands, compared to its average volume of 3,160,469. The firm has a market cap of $11.21 billion, a price-to-earnings ratio of 14.04, a price-to-earnings-growth ratio of 0.32 and a beta of 1.40. The stock's 50-day moving average price is $36.99 and its 200 day moving average price is $36.44. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 1.51. Ally Financial Inc. has a fifty-two week low of $31.95 and a fifty-two week high of $45.46.

Ally Financial (NYSE:ALLY - Get Free Report) last released its quarterly earnings results 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 company 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 business's quarterly revenue was up 3.6% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.45 earnings per share. Analysts predict that Ally Financial Inc. will post 3.57 EPS for the current year.

Ally Financial Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Friday, January 31st were issued a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 3.29%. The ex-dividend date of this dividend 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.