Total Wealth Planning & Management Inc. acquired a new position in Ally Financial Inc. (NYSE:ALLY – Free Report) during the 4th quarter, HoldingsChannel reports. The fund acquired 14,316 shares of the financial services provider’s stock, valued at approximately $648,000.
Other institutional investors also recently modified their holdings of the company. Mirae Asset Global Investments Co. Ltd. bought a new stake in shares of Ally Financial in the fourth quarter worth $29,000. Fideuram Asset Management Ireland dac bought a new stake in shares of Ally Financial in the fourth quarter worth $35,000. Harvest Fund Management Co. Ltd bought a new stake in shares of Ally Financial in the fourth quarter worth $38,000. SBI Securities Co. Ltd. grew its stake in shares of Ally Financial by 43.9% in the fourth quarter. SBI Securities Co. Ltd. now owns 904 shares of the financial services provider’s stock worth $41,000 after purchasing an additional 276 shares during the last quarter. Finally, Clearstead Advisors LLC grew its stake in shares of Ally Financial by 107.8% in the fourth quarter. Clearstead Advisors LLC now owns 1,043 shares of the financial services provider’s stock worth $47,000 after purchasing an additional 541 shares during the last quarter. Institutional investors own 88.76% of the company’s stock.
Insiders Place Their Bets
In other news, insider Stephanie N. Richard sold 5,000 shares of the company’s stock in a transaction dated Friday, May 15th. The shares were sold at an average price of $42.14, for a total transaction of $210,700.00. Following the transaction, the insider owned 93,927 shares in the company, valued at approximately $3,958,083.78. This represents a 5.05% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Douglas R. Timmerman sold 39,675 shares of the company’s stock in a transaction dated Friday, April 17th. The shares were sold at an average price of $45.17, for a total transaction of $1,792,119.75. Following the transaction, the insider owned 477,627 shares in the company, valued at $21,574,411.59. This represents a 7.67% decrease in their position. The disclosure for this sale is available in the SEC filing. Corporate insiders own 0.46% of the company’s stock.
Analyst Upgrades and Downgrades
Read Our Latest Stock Report on Ally Financial
Ally Financial Stock Performance
Shares of ALLY opened at $42.42 on Friday. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 1.31. The stock has a market capitalization of $13.00 billion, a P/E ratio of 10.35, a price-to-earnings-growth ratio of 0.25 and a beta of 1.10. The firm’s fifty day simple moving average is $42.30 and its two-hundred day simple moving average is $42.11. Ally Financial Inc. has a 12 month low of $34.74 and a 12 month high of $47.27.
Ally Financial (NYSE:ALLY – Get Free Report) last issued its quarterly earnings results on Friday, April 17th. The financial services provider reported $1.11 EPS for the quarter, beating analysts’ consensus estimates of $0.93 by $0.18. The business had revenue of $2.18 billion for the quarter, compared to analysts’ expectations of $2.14 billion. Ally Financial had a net margin of 16.47% and a return on equity of 11.41%. The business’s quarterly revenue was up 36.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.58 earnings per share. As a group, analysts predict that Ally Financial Inc. will post 5.3 EPS for the current year.
Ally Financial Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Friday, May 15th. Shareholders of record on Friday, May 1st were given a dividend of $0.30 per share. The ex-dividend date of this dividend was Friday, May 1st. This represents a $1.20 dividend on an annualized basis and a yield of 2.8%. Ally Financial’s dividend payout ratio is 29.27%.
About Ally Financial
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.
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