BNP Paribas Financial Markets Lowers Position in Ally Financial Inc. (NYSE:ALLY)

BNP Paribas Financial Markets cut its holdings in Ally Financial Inc. (NYSE:ALLY) by 2.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 268,980 shares of the financial services provider’s stock after selling 8,119 shares during the quarter. BNP Paribas Financial Markets owned approximately 0.09% of Ally Financial worth $9,686,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in ALLY. Principal Securities Inc. raised its holdings in Ally Financial by 89.4% in the fourth quarter. Principal Securities Inc. now owns 1,051 shares of the financial services provider’s stock worth $38,000 after purchasing an additional 496 shares in the last quarter. Kestra Investment Management LLC bought a new position in Ally Financial in the fourth quarter worth about $43,000. UMB Bank n.a. raised its holdings in Ally Financial by 218.8% in the fourth quarter. UMB Bank n.a. now owns 1,546 shares of the financial services provider’s stock worth $56,000 after purchasing an additional 1,061 shares in the last quarter. Harbour Investments Inc. raised its holdings in Ally Financial by 38.5% in the fourth quarter. Harbour Investments Inc. now owns 2,142 shares of the financial services provider’s stock worth $77,000 after purchasing an additional 595 shares in the last quarter. Finally, Aster Capital Management DIFC Ltd bought a new position in Ally Financial in the fourth quarter worth about $78,000. 88.76% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Ally Financial

In related news, CFO Russell E. Hutchinson purchased 8,200 shares of the company’s stock in a transaction that occurred on Tuesday, April 22nd. The shares were purchased at an average price of $30.81 per share, with a total value of $252,642.00. Following the purchase, the chief financial officer now owns 236,421 shares of the company’s stock, valued at $7,284,131.01. The trade was a 3.59% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Stephanie N. Richard sold 8,000 shares of Ally Financial stock in a transaction on Wednesday, April 30th. The shares were sold at an average price of $32.14, for a total transaction of $257,120.00. Following the completion of the sale, the insider now directly owns 90,387 shares in the company, valued at $2,905,038.18. This represents a 8.13% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.67% of the company’s stock.

Ally Financial Stock Performance

ALLY opened at $34.60 on Monday. Ally Financial Inc. has a 12-month low of $29.52 and a 12-month 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. The firm has a market capitalization of $10.63 billion, a PE ratio of 13.31, a P/E/G ratio of 0.32 and a beta of 1.14. The firm has a 50 day moving average of $33.74 and a two-hundred day moving average of $35.94.

Ally Financial (NYSE:ALLY) last posted its quarterly earnings results on Thursday, April 17th. The financial services provider reported $0.58 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.43 by $0.15. The company had revenue of $1.54 billion during 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 period last year, the firm posted $0.45 EPS. On average, analysts anticipate that Ally Financial Inc. will post 3.57 EPS for the current year.

Ally Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, May 15th. Stockholders of record on Thursday, May 1st will be paid a dividend of $0.30 per share. The ex-dividend date is Thursday, May 1st. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.47%. Ally Financial’s payout ratio is 88.24%.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the stock. JPMorgan Chase & Co. reduced 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. Royal Bank of Canada reiterated an “outperform” rating and issued a $40.00 target price on shares of Ally Financial in a report on Monday, April 21st. Morgan Stanley cut their price objective on shares of Ally Financial from $45.00 to $39.00 and set an “outperform” rating on the stock in a 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. Jefferies Financial Group upped their price objective on shares of Ally Financial from $35.00 to $40.00 and gave the company a “hold” rating in a report on Thursday, January 23rd. Finally, Bank of America cut their price objective on shares of Ally Financial from $42.00 to $38.00 and set a “buy” rating on the stock in a report on Monday, April 7th. Three equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and ten have given a buy rating to the company’s stock. According to MarketBeat.com, Ally Financial has an average rating of “Hold” and a consensus target price of $41.69.

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.