Amundi Acquires 517,388 Shares of Ally Financial Inc. (NYSE:ALLY)

Amundi boosted its holdings in shares of Ally Financial Inc. (NYSE:ALLY) by 81.0% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 1,156,003 shares of the financial services provider’s stock after acquiring an additional 517,388 shares during the quarter. Amundi’s holdings in Ally Financial were worth $41,165,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Venturi Wealth Management LLC raised its position in shares of Ally Financial by 153.9% in 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. raised its position in shares of 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 purchasing an additional 496 shares during the period. Kestra Investment Management LLC bought a new position in Ally Financial during the fourth quarter worth $43,000. UMB Bank n.a. increased its position in Ally Financial by 218.8% during 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 period. Finally, Brooklyn Investment Group bought a new position in Ally Financial during the third quarter worth $63,000. Institutional investors own 88.76% of the company’s stock.

Ally Financial Stock Performance

Ally Financial stock opened at $33.93 on Thursday. The stock has a 50-day simple moving average of $37.08 and a 200 day simple moving average of $36.79. 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 $31.95 and a 12-month high of $45.46. The stock has a market capitalization of $10.42 billion, a price-to-earnings ratio of 13.05, a P/E/G ratio of 0.32 and a beta of 1.40.

Ally Financial (NYSE:ALLY) last released its quarterly earnings results on Wednesday, January 22nd. The financial services provider reported $0.78 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.57 by $0.21. Ally Financial had a return on equity of 9.31% and a net margin of 11.29%. The business had revenue of $2.09 billion during the quarter, compared to analysts’ expectations of $2.02 billion. During the same period in the previous year, the business posted $0.45 earnings per share. The firm’s revenue for the quarter was up 3.6% compared to the same quarter last year. On average, research analysts anticipate that Ally Financial Inc. will post 3.57 earnings per share for the current fiscal year.

Ally Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Friday, January 31st were issued a dividend of $0.30 per share. The ex-dividend date was Friday, January 31st. This represents a $1.20 annualized dividend and a yield of 3.54%. Ally Financial’s dividend payout ratio is currently 46.15%.

Analyst Ratings Changes

A number of equities analysts recently issued reports on ALLY shares. 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 report 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 report on Tuesday, January 28th. StockNews.com lowered shares of Ally Financial from a “buy” rating to a “hold” rating in a research report on Thursday, January 23rd. 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 report on Thursday, January 23rd. Finally, Morgan Stanley lifted their price target 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 investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $43.76.

Insiders Place Their Bets

In other news, CFO Russell E. Hutchinson acquired 19,100 shares of the company’s stock in a transaction on Friday, January 24th. The stock was purchased at an average cost of $39.45 per share, with a total value of $753,495.00. Following 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 acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Michael George Rhodes acquired 25,634 shares of the company’s stock in a transaction on Monday, January 27th. The shares were purchased at an average cost of $39.09 per share, with a total value of $1,002,033.06. Following the completion of the acquisition, the chief executive officer now directly owns 25,634 shares in the company, valued at approximately $1,002,033.06. The trade was a ∞ increase in their position. The disclosure for this purchase can be found here. Company insiders own 0.67% of the company’s stock.

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.