Handelsbanken Fonder AB Grows Stock Position in Ally Financial Inc. (NYSE:ALLY)

Handelsbanken Fonder AB grew its holdings in Ally Financial Inc. (NYSE:ALLY) by 37.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 81,100 shares of the financial services provider’s stock after acquiring an additional 22,200 shares during the quarter. Handelsbanken Fonder AB’s holdings in Ally Financial were worth $2,920,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of ALLY. International Assets Investment Management LLC increased its position in shares of Ally Financial by 752.7% in the 3rd quarter. International Assets Investment Management LLC now owns 50,694 shares of the financial services provider’s stock valued at $18,040,000 after acquiring an additional 44,749 shares during the period. Allworth Financial LP grew its stake in Ally Financial by 41.9% during the 3rd quarter. Allworth Financial LP now owns 1,426 shares of the financial services provider’s stock valued at $51,000 after purchasing an additional 421 shares during the last quarter. Forsta AP Fonden increased its holdings in shares of Ally Financial by 14.0% in the third quarter. Forsta AP Fonden now owns 49,600 shares of the financial services provider’s stock valued at $1,765,000 after purchasing an additional 6,100 shares during the period. Wealth Enhancement Advisory Services LLC raised its stake in shares of Ally Financial by 58.7% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 50,466 shares of the financial services provider’s stock worth $1,796,000 after purchasing an additional 18,671 shares during the last quarter. Finally, DekaBank Deutsche Girozentrale lifted its holdings in shares of Ally Financial by 8.3% during the third quarter. DekaBank Deutsche Girozentrale now owns 68,032 shares of the financial services provider’s stock worth $2,365,000 after purchasing an additional 5,197 shares during the period. Hedge funds and other institutional investors own 88.76% of the company’s stock.

Insider Activity

In other Ally Financial news, CEO Michael George Rhodes bought 25,634 shares of the stock in a transaction on 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 purchase, the chief executive officer now directly owns 25,634 shares in the company, valued at $1,002,033.06. This trade represents a ∞ increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CFO Russell E. Hutchinson bought 19,100 shares of Ally Financial stock in a transaction dated Friday, January 24th. The stock was acquired 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 approximately $8,002,235.25. The trade was a 10.39 % 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.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the stock. Jefferies Financial Group increased their price target 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. JPMorgan Chase & Co. increased their price objective on shares of Ally Financial from $40.00 to $43.00 and gave the stock an “overweight” rating in a research note on Thursday, January 23rd. StockNews.com downgraded shares of Ally Financial from a “buy” rating to a “hold” rating in a research report on Thursday, January 23rd. Citigroup increased their price target on Ally Financial from $50.00 to $55.00 and gave the stock a “buy” rating in a research report on Friday, November 15th. Finally, Truist Financial lifted 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. One analyst has rated the stock with a sell rating, ten have given a hold rating and nine have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $43.76.

Ally Financial Trading Down 1.7 %

Shares of ALLY stock opened at $36.87 on Tuesday. The company has a market cap of $11.32 billion, a price-to-earnings ratio of 14.18, a PEG ratio of 0.34 and a beta of 1.45. The stock has a 50 day simple moving average of $37.15 and a 200-day simple moving average of $37.29. The company has a debt-to-equity ratio of 1.51, a current ratio of 0.93 and a quick ratio of 0.93. Ally Financial Inc. has a 1-year low of $31.95 and a 1-year high of $45.46.

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 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 business had revenue of $2.09 billion for the quarter, compared to analyst estimates of $2.02 billion. During the same quarter last year, the business earned $0.45 earnings per share. The company’s revenue for the quarter was up 3.6% compared to the same quarter last year. On average, equities research analysts expect that Ally Financial Inc. will post 3.57 EPS for the current fiscal year.

Ally Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Friday, January 31st were paid a dividend of $0.30 per share. The ex-dividend date of this dividend was Friday, January 31st. This represents a $1.20 annualized dividend and a yield of 3.26%. Ally Financial’s dividend payout ratio (DPR) is currently 46.15%.

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.