Ally Financial Inc. (NYSE:ALLY) Shares Purchased by Oppenheimer Asset Management Inc.

Oppenheimer Asset Management Inc. grew its stake in shares of Ally Financial Inc. (NYSE:ALLY) by 1.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 108,583 shares of the financial services provider’s stock after purchasing an additional 1,679 shares during the quarter. Oppenheimer Asset Management Inc.’s holdings in Ally Financial were worth $3,910,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also modified their holdings of ALLY. Venturi Wealth Management LLC grew its position in shares of Ally Financial by 153.9% in the 3rd quarter. Venturi Wealth Management LLC now owns 952 shares of the financial services provider’s stock valued at $34,000 after buying an additional 577 shares during the last quarter. Principal Securities Inc. grew its holdings in shares of Ally Financial by 89.4% during the fourth quarter. Principal Securities Inc. now owns 1,051 shares of the financial services provider’s stock worth $38,000 after purchasing an additional 496 shares during the last quarter. Kestra Investment Management LLC acquired a new stake in shares of Ally Financial during the fourth quarter worth about $43,000. Allworth Financial LP lifted its holdings in shares of Ally Financial by 41.9% in the 3rd quarter. Allworth Financial LP now owns 1,426 shares of the financial services provider’s stock valued at $51,000 after purchasing an additional 421 shares during the last quarter. Finally, UMB Bank n.a. boosted its position 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. Hedge funds and other institutional investors own 88.76% of the company’s stock.

Ally Financial Trading Up 1.1 %

Shares of ALLY stock opened at $37.12 on Friday. The business’s fifty day moving average price is $37.28 and its 200 day moving average price is $37.21. The firm has a market capitalization of $11.40 billion, a PE ratio of 14.28, a P/E/G ratio of 0.32 and a beta of 1.45. The company has a debt-to-equity ratio of 1.51, a current ratio of 0.93 and a quick ratio of 0.93. Ally Financial Inc. has a 1-year low of $31.95 and a 1-year high of $45.46.

Ally Financial (NYSE:ALLY) last posted its quarterly earnings results on Wednesday, January 22nd. The financial services provider reported $0.78 earnings per share 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 analysts’ expectations of $2.02 billion. During the same period in the prior year, the company posted $0.45 EPS. The business’s revenue for the quarter was up 3.6% on a year-over-year basis. As a group, sell-side analysts forecast that Ally Financial Inc. will post 3.57 EPS for the current fiscal year.

Ally Financial Announces Dividend

The business also recently announced 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 was Friday, January 31st. This represents a $1.20 dividend on an annualized basis and a yield of 3.23%. Ally Financial’s dividend payout ratio (DPR) is presently 46.15%.

Insider Activity

In other news, CFO Russell E. Hutchinson purchased 19,100 shares of the business’s stock in a transaction dated 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 purchase, the chief financial officer now directly 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 transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Michael George Rhodes acquired 25,634 shares of the stock in a transaction that occurred on Monday, January 27th. The stock was acquired at an average cost of $39.09 per share, for a total transaction 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 $1,002,033.06. The trade was a ∞ increase in their position. The disclosure for this purchase can be found here. Insiders own 0.67% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have commented on ALLY shares. Truist Financial lifted their price target on Ally Financial from $42.00 to $47.00 and gave the stock a “buy” rating in a research report on Tuesday, January 28th. StockNews.com cut shares of Ally Financial from a “buy” rating to a “hold” rating in a report on Thursday, January 23rd. Wolfe Research cut shares of Ally Financial from an “outperform” rating to a “peer perform” rating in a research note on Thursday, December 5th. JPMorgan Chase & Co. lifted their price objective 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 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. One analyst has rated the stock with a sell rating, ten have issued a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Ally Financial has an average rating of “Hold” and an average target price of $43.76.

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.