Northwestern Mutual Wealth Management Co. Raises Stake in Ally Financial Inc. $ALLY

Northwestern Mutual Wealth Management Co. lifted its position in shares of Ally Financial Inc. (NYSE:ALLYFree Report) by 884.5% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 778,630 shares of the financial services provider’s stock after purchasing an additional 699,545 shares during the quarter. Northwestern Mutual Wealth Management Co.’s holdings in Ally Financial were worth $35,264,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently bought and sold shares of ALLY. Royal Bank of Canada lifted its position in Ally Financial by 106.5% during the 1st quarter. Royal Bank of Canada now owns 251,123 shares of the financial services provider’s stock worth $9,158,000 after acquiring an additional 129,497 shares in the last quarter. NewEdge Advisors LLC raised its position in shares of Ally Financial by 22.8% during the 1st quarter. NewEdge Advisors LLC now owns 2,235 shares of the financial services provider’s stock valued at $82,000 after acquiring an additional 415 shares in the last quarter. Empowered Funds LLC raised its position in shares of Ally Financial by 11.1% during the 1st quarter. Empowered Funds LLC now owns 12,900 shares of the financial services provider’s stock valued at $470,000 after acquiring an additional 1,292 shares in the last quarter. Focus Partners Wealth acquired a new stake in shares of Ally Financial during the 1st quarter valued at approximately $259,000. Finally, EverSource Wealth Advisors LLC grew its stake in Ally Financial by 374.9% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,477 shares of the financial services provider’s stock worth $58,000 after buying an additional 1,166 shares during the last quarter. 88.76% of the stock is owned by institutional investors and hedge funds.

Ally Financial Stock Up 0.3%

Shares of ALLY stock opened at $42.13 on Tuesday. The company has a market capitalization of $12.91 billion, a price-to-earnings ratio of 10.28, a PEG ratio of 0.25 and a beta of 1.12. The stock’s 50 day simple moving average is $41.11 and its 200 day simple moving average is $41.84. The company has a debt-to-equity ratio of 1.31, a quick ratio of 0.93 and a current ratio of 0.93. Ally Financial Inc. has a twelve month low of $32.50 and a twelve month high of $47.27.

Ally Financial (NYSE:ALLYGet Free Report) last released its earnings results on Friday, April 17th. The financial services provider reported $1.11 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.93 by $0.18. The firm had revenue of $2.18 billion for the quarter, compared to analyst estimates of $2.14 billion. Ally Financial had a return on equity of 11.41% and a net margin of 16.47%.The company’s revenue was up 36.4% on a year-over-year basis. During the same quarter last year, the firm posted $0.58 EPS. As a group, research analysts predict that Ally Financial Inc. will post 5.3 EPS for the current year.

Ally Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 15th. Stockholders of record on Friday, May 1st were issued a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 2.8%. The ex-dividend date of this dividend was Friday, May 1st. Ally Financial’s dividend payout ratio (DPR) is presently 29.27%.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on ALLY shares. Morgan Stanley upped their price objective on Ally Financial from $53.00 to $55.00 and gave the stock an “overweight” rating in a research note on Monday, April 20th. Bank of America increased their price target on Ally Financial from $51.00 to $52.00 and gave the company a “buy” rating in a research report on Friday, April 10th. Truist Financial set a $54.00 price target on Ally Financial in a research report on Tuesday, April 21st. Deutsche Bank Aktiengesellschaft increased their price objective on Ally Financial from $55.00 to $57.00 and gave the stock a “buy” rating in a research note on Thursday, January 22nd. Finally, The Goldman Sachs Group raised their price target on Ally Financial from $50.00 to $56.00 and gave the stock a “buy” rating in a research note on Monday, April 20th. Fourteen equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $54.14.

Get Our Latest Stock Report on ALLY

Insider Buying and Selling at Ally Financial

In other news, insider Douglas R. Timmerman sold 39,675 shares of Ally Financial stock in a transaction that occurred on Friday, April 17th. The stock was sold at an average price of $45.17, for a total transaction of $1,792,119.75. Following the sale, the insider owned 477,627 shares of the company’s stock, valued at approximately $21,574,411.59. This trade represents a 7.67% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.46% of the company’s stock.

Ally Financial Profile

(Free Report)

Ally Financial Inc is a leading digital financial services company headquartered in Detroit, Michigan. The company offers a comprehensive suite of banking, lending, and insurance products designed for retail and commercial customers. Through its online-only platform, Ally Bank provides checking and savings accounts, certificates of deposit, money market accounts, and home mortgages, emphasizing competitive rates and user-friendly mobile and web experiences.

In addition to its banking operations, Ally Financial is a major player in automotive financing and leasing.

Further Reading

Want to see what other hedge funds are holding ALLY? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Ally Financial Inc. (NYSE:ALLYFree Report).

Institutional Ownership by Quarter for Ally Financial (NYSE:ALLY)

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