Tredje AP fonden Reduces Position in Ally Financial Inc. (NYSE:ALLY)

Tredje AP fonden trimmed its stake in Ally Financial Inc. (NYSE:ALLY) by 50.0% in the 4th quarter, HoldingsChannel reports. The firm owned 21,341 shares of the financial services provider’s stock after selling 21,340 shares during the period. Tredje AP fonden’s holdings in Ally Financial were worth $768,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently bought and sold shares of the stock. Venturi Wealth Management LLC raised its stake in Ally Financial by 153.9% during the 3rd quarter. Venturi Wealth Management LLC now owns 952 shares of the financial services provider’s stock worth $34,000 after acquiring an additional 577 shares during the period. Sumitomo Mitsui Trust Group Inc. raised its position in shares of Ally Financial by 9.3% during the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 632,171 shares of the financial services provider’s stock valued at $22,499,000 after purchasing an additional 53,727 shares during the period. Victory Capital Management Inc. lifted its stake in shares of Ally Financial by 50.1% during the 3rd quarter. Victory Capital Management Inc. now owns 594,114 shares of the financial services provider’s stock valued at $21,145,000 after buying an additional 198,282 shares in the last quarter. CIBC Asset Management Inc boosted its holdings in Ally Financial by 1.9% in the 3rd quarter. CIBC Asset Management Inc now owns 15,638 shares of the financial services provider’s stock worth $557,000 after buying an additional 293 shares during the period. Finally, Empowered Funds LLC purchased a new stake in Ally Financial in the 3rd quarter worth $4,150,000. 88.76% of the stock is owned by institutional investors.

Insider Activity

In related news, CFO Russell E. Hutchinson acquired 19,100 shares of the stock in a transaction on Friday, January 24th. The stock was bought at an average cost of $39.45 per share, with a total value of $753,495.00. Following the transaction, the chief financial officer now directly owns 202,845 shares in the company, valued at approximately $8,002,235.25. This represents a 10.39 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Michael George Rhodes bought 25,634 shares of Ally Financial stock in a transaction dated Monday, January 27th. The shares were bought at an average cost of $39.09 per share, for a total transaction 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 approximately $1,002,033.06. This trade represents a ∞ increase in their position. The disclosure for this purchase can be found here. Insiders own 0.67% of the company’s stock.

Ally Financial Trading Up 3.5 %

Shares of ALLY opened at $34.15 on Friday. Ally Financial Inc. has a twelve month low of $31.95 and a twelve month high of $45.46. The company has a market cap of $10.49 billion, a P/E ratio of 13.14, a P/E/G ratio of 0.32 and a beta of 1.40. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 1.51. The company’s fifty day simple moving average is $36.99 and its 200-day simple moving average is $36.65.

Ally Financial (NYSE:ALLY) last posted its quarterly earnings data 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. The company 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 firm’s revenue for the quarter was up 3.6% on a year-over-year basis. During the same period in the prior year, the company posted $0.45 EPS. As a group, analysts expect that Ally Financial Inc. will post 3.57 EPS for the current year.

Ally Financial Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Friday, January 31st were given a dividend of $0.30 per share. The ex-dividend date was Friday, January 31st. This represents a $1.20 annualized dividend and a dividend yield of 3.51%. Ally Financial’s dividend payout ratio (DPR) is 46.15%.

Analyst Ratings Changes

Several equities analysts have recently commented on ALLY shares. Barclays boosted their price objective on Ally Financial from $36.00 to $44.00 and gave the company an “equal weight” rating in a research report on Monday, January 6th. StockNews.com lowered 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 report on Thursday, December 5th. Truist Financial upped 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. Finally, Morgan Stanley lifted their price target on shares of Ally Financial from $41.00 to $45.00 and gave the company an “overweight” rating in a report on Thursday, January 23rd. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $43.76.

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.