Ally Financial Inc. (NYSE:ALLY) Stake Boosted by Pinebridge Investments L.P.

Pinebridge Investments L.P. lifted its stake in Ally Financial Inc. (NYSE:ALLY) by 33.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 93,055 shares of the financial services provider’s stock after acquiring an additional 23,418 shares during the quarter. Pinebridge Investments L.P.’s holdings in Ally Financial were worth $3,351,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of ALLY. J. Safra Sarasin Holding AG raised its stake in shares of Ally Financial by 69.2% during the 4th quarter. J. Safra Sarasin Holding AG now owns 44,326 shares of the financial services provider’s stock worth $1,596,000 after purchasing an additional 18,125 shares in the last quarter. Stifel Financial Corp increased its holdings in Ally Financial by 113.2% in the fourth quarter. Stifel Financial Corp now owns 60,101 shares of the financial services provider’s stock worth $2,164,000 after buying an additional 31,915 shares during the last quarter. OneDigital Investment Advisors LLC bought a new position in Ally Financial during the fourth quarter valued at approximately $4,955,000. Tower Research Capital LLC TRC lifted its stake in Ally Financial by 18.7% in the fourth quarter. Tower Research Capital LLC TRC now owns 22,026 shares of the financial services provider’s stock valued at $793,000 after acquiring an additional 3,469 shares during the last quarter. Finally, Mesirow Institutional Investment Management Inc. bought a new stake in Ally Financial in the fourth quarter worth approximately $3,046,000. 88.76% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Ally Financial

In other news, CFO Russell E. Hutchinson purchased 8,200 shares of Ally Financial stock in a transaction on Tuesday, April 22nd. The shares were purchased at an average cost of $30.81 per share, for a total transaction of $252,642.00. Following the completion of the transaction, the chief financial officer now directly owns 236,421 shares in the company, valued at approximately $7,284,131.01. This represents a 3.59 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Michael George Rhodes bought 25,634 shares of the business’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 purchase, the chief executive officer now directly owns 25,634 shares of the company’s stock, valued at $1,002,033.06. The trade was a ∞ increase in their position. The disclosure for this purchase can be found here. Company insiders own 0.67% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on ALLY shares. Compass Point upgraded shares of Ally Financial from a “neutral” rating to a “buy” rating and raised their price target for the company from $37.00 to $41.00 in a report on Monday, April 7th. Morgan Stanley reduced their price target on Ally Financial from $45.00 to $39.00 and set an “outperform” rating for the company in a research report on Monday, April 7th. For consumer lenders, the Trump Administration’s hardline approach to tariffs is “difficult to ignore” and there’s clearly more downside to the group if tariffs remain near current levels. If tariffs remain in place, risks to growth would skew meaningfully to the downside and risks to inflation to the upside, adds the analyst, who is downgrading the firm’s Consumer Finance industry view to Cautious from Attractive. Barclays upped their price target on Ally Financial from $36.00 to $44.00 and gave the stock an “equal weight” rating in a research note on Monday, January 6th. Royal Bank of Canada reissued an “outperform” rating and issued a $40.00 price objective on shares of Ally Financial in a research note on Monday, April 21st. Finally, The Goldman Sachs Group upped their target price on Ally Financial from $45.00 to $50.00 and gave the stock a “buy” rating in a research report on Tuesday, April 1st. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $41.69.

Ally Financial Price Performance

Shares of NYSE:ALLY opened at $32.95 on Friday. The business’s 50 day moving average is $34.52 and its 200-day moving average is $36.08. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 1.51. The firm has a market capitalization of $10.12 billion, a PE ratio of 12.67, a PEG ratio of 0.32 and a beta of 1.12. Ally Financial Inc. has a 1-year low of $29.52 and a 1-year high of $45.46.

Ally Financial (NYSE:ALLY) last announced its quarterly earnings results on Thursday, April 17th. The financial services provider reported $0.58 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.43 by $0.15. The firm had revenue of $1.54 billion for the quarter, compared to analyst estimates of $2.04 billion. Ally Financial had a net margin of 11.29% and a return on equity of 9.31%. During the same quarter in the previous year, the firm posted $0.45 EPS. Sell-side analysts predict that Ally Financial Inc. will post 3.57 earnings per share for the current year.

Ally Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, May 15th. Shareholders of record on Thursday, May 1st will be paid a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 3.64%. The ex-dividend date of this dividend is Thursday, May 1st. Ally Financial’s dividend payout ratio is 88.24%.

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.