Investment Management Corp of Ontario Decreases Position in Ally Financial Inc. (NYSE:ALLY)

Investment Management Corp of Ontario decreased its stake in Ally Financial Inc. (NYSE:ALLY) by 16.5% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 7,590 shares of the financial services provider’s stock after selling 1,500 shares during the quarter. Investment Management Corp of Ontario’s holdings in Ally Financial were worth $273,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. EP Wealth Advisors LLC lifted its stake in shares of Ally Financial by 4.9% in the fourth quarter. EP Wealth Advisors LLC now owns 6,367 shares of the financial services provider’s stock worth $229,000 after acquiring an additional 297 shares in the last quarter. Meiji Yasuda Asset Management Co Ltd. lifted its stake in shares of Ally Financial by 2.1% in the fourth quarter. Meiji Yasuda Asset Management Co Ltd. now owns 15,332 shares of the financial services provider’s stock worth $552,000 after acquiring an additional 320 shares in the last quarter. Lido Advisors LLC lifted its stake in shares of Ally Financial by 5.9% in the fourth quarter. Lido Advisors LLC now owns 6,455 shares of the financial services provider’s stock worth $232,000 after acquiring an additional 359 shares in the last quarter. Waterfront Wealth Inc. raised its stake in Ally Financial by 0.8% during the fourth quarter. Waterfront Wealth Inc. now owns 50,924 shares of the financial services provider’s stock valued at $1,834,000 after buying an additional 389 shares in the last quarter. Finally, Principal Securities Inc. raised its stake in Ally Financial by 89.4% during the fourth quarter. Principal Securities Inc. now owns 1,051 shares of the financial services provider’s stock valued at $38,000 after buying an additional 496 shares in the last quarter. Hedge funds and other institutional investors own 88.76% of the company’s stock.

Ally Financial Stock Performance

Shares of ALLY stock opened at $36.68 on Wednesday. Ally Financial Inc. has a 12-month low of $29.52 and a 12-month high of $45.46. The firm has a market capitalization of $11.27 billion, a price-to-earnings ratio of 14.11, a price-to-earnings-growth ratio of 0.32 and a beta of 1.14. The business has a 50 day simple moving average of $33.79 and a 200 day simple moving average of $35.96. The company has a debt-to-equity ratio of 1.51, a current ratio of 0.93 and a quick ratio of 0.93.

Ally Financial (NYSE:ALLY) last issued its quarterly earnings data 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. Ally Financial had a return on equity of 9.31% and a net margin of 11.29%. The business had revenue of $1.54 billion during the quarter, compared to analyst estimates of $2.04 billion. During the same period in the prior year, the company posted $0.45 EPS. On average, equities research analysts anticipate that Ally Financial Inc. will post 3.57 EPS for the current year.

Ally Financial Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, May 15th. Investors of record on Thursday, May 1st will be issued a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 3.27%. The ex-dividend date is Thursday, May 1st. Ally Financial’s dividend payout ratio (DPR) is 88.24%.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the company. Royal Bank of Canada restated an “outperform” rating and set a $40.00 price objective on shares of Ally Financial in a research note on Monday, April 21st. Bank of America cut their price objective on Ally Financial from $42.00 to $38.00 and set a “buy” rating on the stock in a research note on Monday, April 7th. Morgan Stanley cut their price objective on Ally Financial from $45.00 to $39.00 and set an “outperform” rating on the stock in a research note 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. Truist Financial cut their price objective on Ally Financial from $45.00 to $41.00 and set a “buy” rating on the stock in a research note on Tuesday, April 22nd. Finally, Compass Point upgraded Ally Financial from a “neutral” rating to a “buy” rating and upped their price objective for the company from $37.00 to $41.00 in a research note on Monday, April 7th. Three investment analysts have rated the stock with a sell rating, six have issued a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $41.69.

Insider Buying and Selling

In other Ally Financial news, insider Stephanie N. Richard sold 8,000 shares of the stock in a transaction on Wednesday, April 30th. The stock was sold at an average price of $32.14, for a total transaction of $257,120.00. Following the completion of the transaction, the insider now directly owns 90,387 shares of the company’s stock, valued at approximately $2,905,038.18. This trade represents a 8.13% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Russell E. Hutchinson purchased 8,200 shares of the firm’s stock in a transaction on Tuesday, April 22nd. The shares were purchased at an average cost of $30.81 per share, with a total value of $252,642.00. Following the completion of the purchase, the chief financial officer now owns 236,421 shares in the company, valued at $7,284,131.01. This represents a 3.59% increase in their position. The disclosure for this purchase can be found here. Corporate insiders own 0.56% of the company’s stock.

About Ally Financial

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.