ExodusPoint Capital Management LP Sells 1,769,032 Shares of Ally Financial Inc. (NYSE:ALLY)

ExodusPoint Capital Management LP trimmed its position in shares of Ally Financial Inc. (NYSE:ALLY) by 86.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 281,910 shares of the financial services provider’s stock after selling 1,769,032 shares during the period. ExodusPoint Capital Management LP’s holdings in Ally Financial were worth $10,152,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also bought and sold shares of the company. Cerity Partners LLC increased its stake in shares of Ally Financial by 8.4% in the third quarter. Cerity Partners LLC now owns 16,488 shares of the financial services provider’s stock worth $587,000 after purchasing an additional 1,273 shares in the last quarter. Rockefeller Capital Management L.P. grew its stake in Ally Financial by 29.9% in the 3rd quarter. Rockefeller Capital Management L.P. now owns 53,079 shares of the financial services provider’s stock valued at $1,889,000 after buying an additional 12,229 shares in the last quarter. Verition Fund Management LLC raised its holdings in Ally Financial by 71.4% during the 3rd quarter. Verition Fund Management LLC now owns 25,944 shares of the financial services provider’s stock valued at $923,000 after acquiring an additional 10,809 shares during the period. Point72 Asia Singapore Pte. Ltd. purchased a new stake in shares of Ally Financial during the third quarter worth $124,000. Finally, Centiva Capital LP purchased a new position in shares of Ally Financial in the third quarter valued at $388,000. 88.76% of the stock is owned by hedge funds and other institutional investors.

Ally Financial Stock Performance

Shares of NYSE ALLY opened at $32.16 on Friday. The stock’s 50-day moving average is $36.72 and its 200 day moving average is $36.40. The stock has a market cap of $9.88 billion, a price-to-earnings ratio of 12.37, a P/E/G ratio of 0.32 and a beta of 1.12. Ally Financial Inc. has a 1-year low of $30.06 and a 1-year high of $45.46. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 1.51.

Ally Financial (NYSE:ALLY) last posted its quarterly earnings results on Wednesday, January 22nd. The financial services provider reported $0.78 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 for the quarter, compared to the consensus estimate of $2.02 billion. During the same period last year, the firm posted $0.45 earnings per share. The business’s revenue was up 3.6% compared to the same quarter last year. On average, sell-side analysts anticipate that Ally Financial Inc. will post 3.57 EPS for the current fiscal year.

Ally Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, February 14th. Shareholders 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 yield of 3.73%. Ally Financial’s payout ratio is 46.15%.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on ALLY. Royal Bank of Canada increased their price objective on Ally Financial from $41.00 to $45.00 and gave the stock an “outperform” rating in a report on Thursday, January 23rd. Jefferies Financial Group raised their price objective on shares of Ally Financial from $35.00 to $40.00 and gave the company a “hold” rating in a research report on Thursday, January 23rd. The Goldman Sachs Group boosted their price objective on shares of Ally Financial from $45.00 to $50.00 and gave the company a “buy” rating in a research note on Tuesday. Morgan Stanley raised 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. Finally, Wells Fargo & Company upped their price target on shares of Ally Financial from $32.00 to $34.00 and gave the stock an “underweight” rating in a report on Thursday, January 23rd. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $42.53.

Insider Activity

In related news, CEO Michael George Rhodes acquired 25,634 shares of the company’s stock in a transaction dated Monday, January 27th. The stock was purchased at an average price of $39.09 per share, with a total value of $1,002,033.06. Following the completion of the purchase, the chief executive officer now owns 25,634 shares in the company, valued at $1,002,033.06. This trade represents a ∞ increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Russell E. Hutchinson bought 19,100 shares of the firm’s stock in a transaction that occurred on Friday, January 24th. The stock was purchased at an average cost of $39.45 per share, for a total transaction of $753,495.00. Following the completion of 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 ownership of the stock. The disclosure for this purchase can be found here. 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.