PGGM Investments Sells 3,822 Shares of Ally Financial Inc. (NYSE:ALLY)

PGGM Investments decreased its stake in shares of Ally Financial Inc. (NYSE:ALLY) by 3.7% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 100,204 shares of the financial services provider’s stock after selling 3,822 shares during the period. PGGM Investments’ holdings in Ally Financial were worth $3,608,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in ALLY. State Street Corp lifted its holdings in shares of Ally Financial by 0.5% in the third quarter. State Street Corp now owns 10,704,719 shares of the financial services provider’s stock worth $380,981,000 after buying an additional 51,426 shares in the last quarter. ANTIPODES PARTNERS Ltd increased its holdings in Ally Financial by 75.6% during the 4th quarter. ANTIPODES PARTNERS Ltd now owns 2,956,037 shares of the financial services provider’s stock worth $106,455,000 after acquiring an additional 1,272,853 shares during the period. Assenagon Asset Management S.A. lifted its stake in Ally Financial by 233.4% in the 4th quarter. Assenagon Asset Management S.A. now owns 2,430,128 shares of the financial services provider’s stock worth $87,509,000 after purchasing an additional 1,701,264 shares in the last quarter. Jacobs Levy Equity Management Inc. boosted its holdings in Ally Financial by 217.0% in the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 2,283,214 shares of the financial services provider’s stock valued at $81,260,000 after purchasing an additional 1,563,008 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in Ally Financial by 19.6% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,106,589 shares of the financial services provider’s stock valued at $74,974,000 after buying an additional 344,543 shares during the period. Institutional investors own 88.76% of the company’s stock.

Insiders Place Their Bets

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 bought at an average cost of $39.09 per share, with a total value of $1,002,033.06. Following the completion of the purchase, the chief executive officer now directly owns 25,634 shares in the company, valued at approximately $1,002,033.06. This trade represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Russell E. Hutchinson purchased 19,100 shares of the stock in a transaction that occurred on Friday, January 24th. The shares were acquired at an average cost 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 in the company, valued at $8,002,235.25. This trade represents a 10.39 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Company insiders own 0.67% of the company’s stock.

Ally Financial Stock Down 2.7 %

Shares of Ally Financial stock opened at $32.99 on Friday. The company’s 50 day moving average price is $37.02 and its 200-day moving average price is $36.76. Ally Financial Inc. has a 52-week low of $31.95 and a 52-week high of $45.46. The company has a debt-to-equity ratio of 1.51, a quick ratio of 0.93 and a current ratio of 0.93. The stock has a market capitalization of $10.13 billion, a price-to-earnings ratio of 12.69, a P/E/G ratio of 0.32 and a beta of 1.40.

Ally Financial (NYSE:ALLY) last announced its quarterly earnings results on Wednesday, January 22nd. The financial services provider reported $0.78 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.57 by $0.21. The business had revenue of $2.09 billion for the quarter, compared to analyst estimates of $2.02 billion. Ally Financial had a net margin of 11.29% and a return on equity of 9.31%. The company’s revenue was up 3.6% on a year-over-year basis. During the same quarter last year, the firm earned $0.45 EPS. Equities research analysts forecast that Ally Financial Inc. will post 3.57 EPS for the current year.

Ally Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Friday, January 31st were given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 3.64%. The ex-dividend date was Friday, January 31st. Ally Financial’s payout ratio is 46.15%.

Analyst Ratings Changes

ALLY has been the subject of several recent analyst reports. Keefe, Bruyette & Woods boosted their price objective on Ally Financial from $44.00 to $56.00 and gave the stock an “outperform” rating in a report on Monday, December 9th. StockNews.com cut shares of Ally Financial from a “buy” rating to a “hold” rating in a research note on Thursday, January 23rd. 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 report on Tuesday, January 28th. Morgan Stanley upped their target price on shares of Ally Financial from $41.00 to $45.00 and gave the stock an “overweight” rating in a research report on Thursday, January 23rd. Finally, Royal Bank of Canada increased their target price on Ally Financial from $41.00 to $45.00 and gave the company an “outperform” rating in a research note on Thursday, January 23rd. One research 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. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target 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.