Ally Financial Inc. (NYSE:ALLY) Shares Acquired by Sterling Capital Management LLC

Sterling Capital Management LLC increased its stake in shares of Ally Financial Inc. (NYSE:ALLY) by 50.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 14,659 shares of the financial services provider’s stock after buying an additional 4,940 shares during the quarter. Sterling Capital Management LLC’s holdings in Ally Financial were worth $528,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of ALLY. MML Investors Services LLC lifted its holdings in Ally Financial by 8.5% in the third quarter. MML Investors Services LLC now owns 14,870 shares of the financial services provider’s stock worth $529,000 after purchasing an additional 1,167 shares during the period. Virtu Financial LLC acquired a new position in shares of Ally Financial during the third quarter valued at approximately $450,000. Sanctuary Advisors LLC raised its holdings in Ally Financial by 26.1% during the third quarter. Sanctuary Advisors LLC now owns 22,516 shares of the financial services provider’s stock worth $852,000 after purchasing an additional 4,663 shares in the last quarter. Tidal Investments LLC lifted its position in Ally Financial by 5.8% in the third quarter. Tidal Investments LLC now owns 25,999 shares of the financial services provider’s stock worth $925,000 after purchasing an additional 1,416 shares during the period. Finally, Franklin Resources Inc. boosted its stake in Ally Financial by 184.7% during the 3rd quarter. Franklin Resources Inc. now owns 532,090 shares of the financial services provider’s stock valued at $19,044,000 after purchasing an additional 345,210 shares in the last quarter. 88.76% of the stock is currently owned by institutional investors.

Ally Financial Trading Down 1.8 %

Shares of NYSE ALLY opened at $31.61 on Friday. The business has a 50 day simple moving average of $35.27 and a 200 day simple moving average of $36.20. Ally Financial Inc. has a 52 week low of $29.52 and a 52 week high of $45.46. The stock has a market cap of $9.71 billion, a price-to-earnings ratio of 12.16, a PEG ratio of 0.32 and a beta of 1.12. 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 (NYSE:ALLY) last posted its earnings results on Thursday, April 17th. The financial services provider reported $0.58 EPS for the quarter, topping the consensus estimate of $0.43 by $0.15. Ally Financial had a net margin of 11.29% and a return on equity of 9.31%. The company had revenue of $1.54 billion during the quarter, compared to the consensus estimate of $2.04 billion. During the same period in the previous year, the firm posted $0.45 earnings per share. On average, research analysts predict that Ally Financial Inc. will post 3.57 earnings per share for the current fiscal year.

Ally Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, May 15th. Shareholders of record on Thursday, May 1st will be given a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 3.80%. The ex-dividend date is Thursday, May 1st. Ally Financial’s payout ratio is 46.15%.

Insider Buying and Selling at Ally Financial

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

Analyst Ratings Changes

Several brokerages have commented on ALLY. Wells Fargo & Company boosted their price target on shares of Ally Financial from $32.00 to $34.00 and gave the stock an “underweight” rating in a research report on Thursday, January 23rd. Royal Bank of Canada decreased their target price on Ally Financial from $45.00 to $40.00 and set an “outperform” rating on the stock in a report on Monday. The firm anticipates consistent though seasonally-driven fundamental trends, with lower loans and volumes in the quarter, the analyst tells investors in a research note. RBC also expects stable credit trends, with improvement in year over year delinquencies for most names, warning however that Q1 loan loss provisions and reserve levels may reflect the recent more uncertain environment. Jefferies Financial Group increased their price target on Ally Financial from $35.00 to $40.00 and gave the company a “hold” rating in a research report on Thursday, January 23rd. Truist Financial cut their price objective on Ally Financial from $47.00 to $45.00 and set a “buy” rating on the stock in a report on Friday, April 4th. Finally, JPMorgan Chase & Co. decreased their target price on shares of Ally Financial from $43.00 to $36.00 and set an “overweight” rating for the company in a report on Tuesday, April 8th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat, Ally Financial presently has a consensus rating of “Hold” and a consensus target price of $41.76.

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.