Ally Financial Inc. (NYSE:ALLY) Shares Purchased by Wells Fargo & Company MN

Wells Fargo & Company MN grew its stake in shares of Ally Financial Inc. (NYSE:ALLY - Free Report) by 14.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 450,896 shares of the financial services provider's stock after acquiring an additional 56,670 shares during the quarter. Wells Fargo & Company MN owned about 0.15% of Ally Financial worth $16,237,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Norges Bank purchased a new position in shares of Ally Financial during the 4th quarter valued at about $75,483,000. Assenagon Asset Management S.A. grew its holdings in Ally Financial by 233.4% during the fourth quarter. Assenagon Asset Management S.A. now owns 2,430,128 shares of the financial services provider's stock worth $87,509,000 after acquiring an additional 1,701,264 shares during the period. ANTIPODES PARTNERS Ltd raised its position in Ally Financial by 75.6% during the fourth quarter. ANTIPODES PARTNERS Ltd now owns 2,956,037 shares of the financial services provider's stock valued at $106,455,000 after acquiring an additional 1,272,853 shares in the last quarter. Amundi lifted its holdings in Ally Financial by 81.0% in the fourth quarter. Amundi now owns 1,156,003 shares of the financial services provider's stock valued at $41,165,000 after acquiring an additional 517,388 shares during the period. Finally, Franklin Resources Inc. boosted its position in Ally Financial by 184.7% in the 3rd quarter. Franklin Resources Inc. now owns 532,090 shares of the financial services provider's stock worth $19,044,000 after purchasing an additional 345,210 shares in the last quarter. 88.76% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

ALLY has been the subject of several recent research reports. Royal Bank of Canada cut their target price on shares of Ally Financial from $45.00 to $40.00 and set an "outperform" rating for the company in a report on Monday, April 14th. The firm anticipates consistent though seasonally-driven fundamental trends, with lower loans and volumes in the quarter, the analyst tells investors in a research note. RBC also expects stable credit trends, with improvement in year over year delinquencies for most names, warning however that Q1 loan loss provisions and reserve levels may reflect the recent more uncertain environment. Wells Fargo & Company lifted their price objective on shares of Ally Financial from $32.00 to $34.00 and gave the company an "underweight" rating in a report on Thursday, January 23rd. The Goldman Sachs Group increased their target price on shares of Ally Financial from $45.00 to $50.00 and gave the stock a "buy" rating in a research note on Tuesday, April 1st. Morgan Stanley reduced their price target on Ally Financial from $45.00 to $39.00 and set an "outperform" rating for the company in a report on Monday, April 7th. For consumer lenders, the Trump Administration’s hardline approach to tariffs is “difficult to ignore” and there’s clearly more downside to the group if tariffs remain near current levels. If tariffs remain in place, risks to growth would skew meaningfully to the downside and risks to inflation to the upside, adds the analyst, who is downgrading the firm’s Consumer Finance industry view to Cautious from Attractive. Finally, Barclays raised their price objective on Ally Financial from $36.00 to $44.00 and gave the company an "equal weight" rating in a report on Monday, January 6th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and ten have issued a buy rating to the company's stock. According to data from MarketBeat, Ally Financial presently has a consensus rating of "Hold" and a consensus price target of $41.76.

Insider Activity at Ally Financial

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

Ally Financial Trading Down 1.8 %

Shares of Ally Financial stock traded down $0.57 during mid-day trading on Friday, hitting $31.61. The stock had a trading volume of 8,042,061 shares, compared to its average volume of 3,507,134. The firm has a 50-day moving average of $35.14 and a two-hundred day moving average of $36.19. The firm has a market cap of $9.71 billion, a P/E ratio of 12.16, a price-to-earnings-growth ratio of 0.32 and a beta of 1.12. 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 12-month low of $29.52 and a 12-month high of $45.46.

Ally Financial (NYSE:ALLY - Get Free Report) last issued its quarterly earnings data on Thursday, April 17th. The financial services provider reported $0.58 earnings per share for the quarter, topping the consensus estimate of $0.43 by $0.15. Ally Financial had a return on equity of 9.31% and a net margin of 11.29%. The company had revenue of $1.54 billion during the quarter, compared to analyst estimates of $2.04 billion. During the same period in the prior year, the business posted $0.45 earnings per share. Sell-side analysts forecast that Ally Financial Inc. will post 3.57 earnings per share for the current year.

Ally Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, May 15th. Investors of record on Thursday, May 1st will be given a dividend of $0.30 per share. The ex-dividend date of this dividend is Thursday, May 1st. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.80%. Ally Financial's payout ratio is currently 88.24%.

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.