Tredje AP fonden Sells 21,340 Shares of Ally Financial Inc. (NYSE:ALLY)

Tredje AP fonden trimmed its position in shares of Ally Financial Inc. (NYSE:ALLY - Free Report) by 50.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 21,341 shares of the financial services provider's stock after selling 21,340 shares during the period. Tredje AP fonden's holdings in Ally Financial were worth $768,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the company. Venturi Wealth Management LLC increased its position in shares of Ally Financial by 153.9% during the third quarter. Venturi Wealth Management LLC now owns 952 shares of the financial services provider's stock valued at $34,000 after purchasing an additional 577 shares during the period. Principal Securities Inc. increased its holdings in Ally Financial by 89.4% in the 4th 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 during the period. Kestra Investment Management LLC bought a new stake in Ally Financial in the 4th quarter valued at $43,000. UMB Bank n.a. raised 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 buying an additional 1,061 shares in the last quarter. Finally, Brooklyn Investment Group acquired a new stake in shares of Ally Financial during the 3rd quarter valued at about $63,000. Institutional investors and hedge funds own 88.76% of the company's stock.

Insider Transactions at Ally Financial

In other news, CEO Michael George Rhodes purchased 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, for a total transaction of $1,002,033.06. Following the transaction, the chief executive officer now owns 25,634 shares of the company's stock, valued at approximately $1,002,033.06. The trade was a ∞ increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, CFO Russell E. Hutchinson acquired 19,100 shares of the firm's stock in a transaction that occurred on Friday, January 24th. The stock was purchased at an average cost of $39.45 per share, for a total transaction of $753,495.00. Following the completion of the purchase, the chief financial officer now directly owns 202,845 shares of the company's stock, valued at $8,002,235.25. The trade was a 10.39 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 0.67% of the stock is currently owned by insiders.

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Ally Financial Stock Performance

NYSE ALLY traded up $0.69 on Wednesday, reaching $35.39. The stock had a trading volume of 3,327,364 shares, compared to its average volume of 3,145,280. 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 $10.87 billion, a P/E ratio of 13.61, a price-to-earnings-growth ratio of 0.32 and a beta of 1.40. The firm has a fifty day moving average of $36.93 and a two-hundred day moving average of $36.50. 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 released 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 net margin of 11.29% and a return on equity of 9.31%. The business had revenue of $2.09 billion for the quarter, compared to analyst estimates of $2.02 billion. During the same period last year, the firm earned $0.45 earnings per share. Ally Financial's revenue for the quarter was up 3.6% compared to the same quarter last year. On average, equities research analysts anticipate that Ally Financial Inc. will post 3.57 EPS for the current year.

Ally Financial Announces Dividend

The business also recently disclosed 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 3.39%. Ally Financial's dividend payout ratio is presently 46.15%.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on ALLY shares. StockNews.com lowered Ally Financial from a "buy" rating to a "hold" rating in a research note on Thursday, January 23rd. Barclays increased their target price on shares of Ally Financial from $36.00 to $44.00 and gave the stock an "equal weight" rating in a research report on Monday, January 6th. Truist Financial upped their price objective 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. JPMorgan Chase & Co. lifted their target price on shares of Ally Financial from $40.00 to $43.00 and gave the company an "overweight" rating in a research note on Thursday, January 23rd. Finally, Morgan Stanley increased their price target on Ally Financial from $41.00 to $45.00 and gave the stock an "overweight" rating in a research report 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 company. According to data from MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $43.76.

Ally Financial 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.