Ally Financial Inc. (NYSE:ALLY) Shares Sold by Signaturefd LLC

Signaturefd LLC lessened its holdings in Ally Financial Inc. (NYSE:ALLY) by 13.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 14,483 shares of the financial services provider’s stock after selling 2,251 shares during the period. Signaturefd LLC’s holdings in Ally Financial were worth $522,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also modified their holdings of the company. Principal Securities Inc. lifted its stake in Ally Financial by 89.4% during the 4th quarter. Principal Securities Inc. now owns 1,051 shares of the financial services provider’s stock worth $38,000 after acquiring an additional 496 shares in the last quarter. Kestra Investment Management LLC acquired a new position in Ally Financial during the 4th quarter worth about $43,000. UMB Bank n.a. lifted its stake in Ally Financial by 218.8% during the 4th 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 in the last quarter. Brooklyn Investment Group acquired a new position in Ally Financial during the 3rd quarter worth about $63,000. Finally, Harbour Investments Inc. increased its holdings in Ally Financial by 38.5% during the 4th quarter. Harbour Investments Inc. now owns 2,142 shares of the financial services provider’s stock worth $77,000 after purchasing an additional 595 shares during the period. Institutional investors and hedge funds own 88.76% of the company’s stock.

Ally Financial Stock Up 1.9 %

Shares of NYSE ALLY opened at $36.13 on Friday. The stock has a market cap of $11.09 billion, a PE ratio of 13.89, a price-to-earnings-growth ratio of 0.32 and a beta of 1.40. 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 52-week low of $31.95 and a 52-week high of $45.46. The business has a 50-day moving average price of $36.94 and a 200 day moving average price of $36.49.

Ally Financial (NYSE:ALLY) last announced its 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. The firm had revenue of $2.09 billion during the quarter, compared to analysts’ expectations of $2.02 billion. Ally Financial had a return on equity of 9.31% and a net margin of 11.29%. The business’s revenue was up 3.6% on a year-over-year basis. During the same period in the prior year, the firm earned $0.45 EPS. Equities research 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 announced a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Friday, January 31st were paid a $0.30 dividend. The ex-dividend date of this dividend was Friday, January 31st. This represents a $1.20 annualized dividend and a dividend yield of 3.32%. Ally Financial’s dividend payout ratio (DPR) is currently 46.15%.

Insider Buying and Selling at Ally Financial

In related news, CFO Russell E. Hutchinson bought 19,100 shares of the stock in a transaction on Friday, January 24th. The shares were bought at an average cost of $39.45 per share, for a total transaction of $753,495.00. Following the purchase, 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 SEC, which is accessible through the SEC website. Also, CEO Michael George Rhodes purchased 25,634 shares of the firm’s stock in a transaction that occurred on Monday, January 27th. The stock was acquired at an average price 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 of the company’s stock, valued at approximately $1,002,033.06. This represents a ∞ 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.

Wall Street Analyst Weigh In

Several brokerages have weighed in on ALLY. JPMorgan Chase & Co. upped their price target on Ally Financial from $40.00 to $43.00 and gave the stock an “overweight” rating in a report on Thursday, January 23rd. Barclays upped their price target on Ally Financial from $36.00 to $44.00 and gave the stock an “equal weight” rating in a report on Monday, January 6th. Truist Financial upped their price target on Ally Financial from $42.00 to $47.00 and gave the stock a “buy” rating in a report on Tuesday, January 28th. Wells Fargo & Company upped their price target on Ally Financial from $32.00 to $34.00 and gave the stock an “underweight” rating in a report on Thursday, January 23rd. Finally, Morgan Stanley upped their price target on Ally Financial from $41.00 to $45.00 and gave the stock an “overweight” rating in a report on Thursday, January 23rd. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average 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.