Fox Run Management L.L.C. Raises Position in Ally Financial Inc. (NYSE:ALLY)

Fox Run Management L.L.C. lifted its stake in shares of Ally Financial Inc. (NYSE:ALLY) by 80.0% during the fourth quarter, Holdings Channel reports. The fund owned 15,409 shares of the financial services provider’s stock after acquiring an additional 6,847 shares during the period. Fox Run Management L.L.C.’s holdings in Ally Financial were worth $555,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of the stock. Assenagon Asset Management S.A. increased its holdings in Ally Financial by 233.4% during 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 during the period. Jacobs Levy Equity Management Inc. grew its position in shares of Ally Financial by 217.0% during the third quarter. Jacobs Levy Equity Management Inc. now owns 2,283,214 shares of the financial services provider’s stock worth $81,260,000 after buying an additional 1,563,008 shares in the last quarter. ANTIPODES PARTNERS Ltd increased its stake in shares of Ally Financial by 75.6% during the fourth quarter. ANTIPODES PARTNERS Ltd now owns 2,956,037 shares of the financial services provider’s stock worth $106,455,000 after buying an additional 1,272,853 shares during the period. Point72 Asset Management L.P. acquired a new position in Ally Financial during the 3rd quarter worth approximately $21,571,000. Finally, 140 Summer Partners LP purchased a new stake in shares of Ally Financial in the 3rd quarter valued at approximately $19,140,000. 88.76% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the stock. Truist Financial lifted their price objective 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. The Goldman Sachs Group increased their price objective on Ally Financial from $42.00 to $48.00 and gave the company a “buy” rating in a report on Thursday, January 23rd. Barclays raised their target price on Ally Financial from $36.00 to $44.00 and gave the stock an “equal weight” rating in a research report on Monday, January 6th. StockNews.com downgraded Ally Financial from a “buy” rating to a “hold” rating in a report on Thursday, January 23rd. Finally, Jefferies Financial Group raised their price objective on shares of Ally Financial from $35.00 to $40.00 and gave the stock a “hold” rating in a report on Thursday, January 23rd. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat, Ally Financial has an average rating of “Hold” and an average price target of $43.76.

Ally Financial Stock Performance

Shares of ALLY opened at $37.90 on Tuesday. The stock has a market capitalization of $11.64 billion, a P/E ratio of 14.58, a P/E/G 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 1 year low of $31.95 and a 1 year high of $45.46. The company’s fifty day moving average is $37.05 and its two-hundred day moving average is $36.35.

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

Ally Financial Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Friday, January 31st were issued a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 3.17%. The ex-dividend date was Friday, January 31st. Ally Financial’s dividend payout ratio is presently 46.15%.

Insiders Place Their Bets

In related news, CFO Russell E. Hutchinson bought 19,100 shares of the company’s 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 completion of the acquisition, the chief financial officer now owns 202,845 shares in the company, valued at approximately $8,002,235.25. This represents a 10.39 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Michael George Rhodes purchased 25,634 shares of the firm’s stock in a transaction dated Monday, January 27th. The shares were purchased at an average cost of $39.09 per share, for a total transaction of $1,002,033.06. Following the purchase, the chief executive officer now directly owns 25,634 shares in the company, 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. 0.67% of the stock is currently owned by company insiders.

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.