Thrivent Financial for Lutherans Has $153.54 Million Holdings in Ally Financial Inc. (NYSE:ALLY)

Thrivent Financial for Lutherans reduced its position in shares of Ally Financial Inc. (NYSE:ALLY) by 2.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,263,742 shares of the financial services provider’s stock after selling 126,566 shares during the period. Thrivent Financial for Lutherans owned about 1.40% of Ally Financial worth $153,537,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Principal Securities Inc. raised its holdings 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 last quarter. Kestra Investment Management LLC bought a new position in shares of Ally Financial in the fourth quarter valued at $43,000. UMB Bank n.a. raised 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 in the last quarter. Brooklyn Investment Group bought a new position in shares of Ally Financial in the 3rd quarter valued at about $63,000. Finally, Harbour Investments Inc. raised its holdings in shares of Ally Financial by 38.5% in the 4th quarter. Harbour Investments Inc. now owns 2,142 shares of the financial services provider’s stock valued at $77,000 after purchasing an additional 595 shares during the period. 88.76% of the stock is currently owned by institutional investors.

Insider Transactions at Ally Financial

In other Ally Financial news, CEO Michael George Rhodes purchased 25,634 shares of the stock in a transaction dated Monday, January 27th. The shares were bought at an average price of $39.09 per share, with a total value of $1,002,033.06. Following the completion of the transaction, 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 position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Russell E. Hutchinson acquired 19,100 shares of the business’s stock in a transaction dated Friday, January 24th. The stock was purchased at an average price of $39.45 per share, with a total value of $753,495.00. Following the completion of the transaction, the chief financial officer now directly 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 disclosure for this purchase can be found here. 0.67% of the stock is owned by insiders.

Ally Financial Trading Up 1.1 %

Shares of ALLY opened at $34.45 on Tuesday. The firm has a market cap of $10.58 billion, a price-to-earnings ratio of 13.25, a PEG ratio of 0.32 and a beta of 1.40. The company has a debt-to-equity ratio of 1.51, a quick ratio of 0.93 and a current ratio of 0.93. Ally Financial Inc. has a 52-week low of $31.95 and a 52-week high of $45.46. The business’s fifty day moving average is $36.96 and its 200-day moving average is $36.56.

Ally Financial (NYSE:ALLY) last released its quarterly earnings results on Wednesday, January 22nd. The financial services provider reported $0.78 earnings per share for the quarter, topping the consensus estimate of $0.57 by $0.21. The company had revenue of $2.09 billion for 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 quarterly revenue was up 3.6% compared to the same quarter last year. During the same period in the previous year, the business posted $0.45 earnings per share. Equities analysts anticipate that Ally Financial Inc. will post 3.57 EPS for the current fiscal year.

Ally Financial Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, February 14th. Stockholders 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 3.48%. Ally Financial’s dividend payout ratio is presently 46.15%.

Analysts Set New Price Targets

Several analysts have issued reports on ALLY shares. Truist Financial upped their price objective on Ally Financial from $42.00 to $47.00 and gave the company a “buy” rating in a research note on Tuesday, January 28th. StockNews.com cut shares of Ally Financial from a “buy” rating to a “hold” rating in a research report on Thursday, January 23rd. Wells Fargo & Company increased their price objective on shares of Ally Financial from $32.00 to $34.00 and gave the company an “underweight” rating in a research report on Thursday, January 23rd. Keefe, Bruyette & Woods lifted their target price on shares of Ally Financial from $44.00 to $56.00 and gave the stock an “outperform” rating in a report on Monday, December 9th. Finally, Barclays raised their price objective on shares of Ally Financial from $36.00 to $44.00 and gave the stock an “equal weight” rating in a research report on Monday, January 6th. 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. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target 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.