Ethic Inc. Grows Holdings in Ally Financial Inc. (NYSE:ALLY)

Ethic Inc. lifted its position in shares of Ally Financial Inc. (NYSE:ALLY) by 4.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 20,668 shares of the financial services provider’s stock after acquiring an additional 863 shares during the quarter. Ethic Inc.’s holdings in Ally Financial were worth $744,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of ALLY. EP Wealth Advisors LLC increased its stake in shares of Ally Financial by 4.9% in the 4th quarter. EP Wealth Advisors LLC now owns 6,367 shares of the financial services provider’s stock valued at $229,000 after purchasing an additional 297 shares in the last quarter. Meiji Yasuda Asset Management Co Ltd. grew its holdings in 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 valued at $552,000 after purchasing an additional 320 shares during the period. Lido Advisors LLC increased its position 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 valued at $232,000 after buying an additional 359 shares in the last quarter. Waterfront Wealth Inc. raised its stake in shares of Ally Financial by 0.8% during the 4th quarter. Waterfront Wealth Inc. now owns 50,924 shares of the financial services provider’s stock worth $1,834,000 after buying an additional 389 shares during the period. Finally, Principal Securities Inc. lifted its position in shares of Ally Financial by 89.4% during the 4th 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. 88.76% of the stock is owned by hedge funds and other institutional investors.

Ally Financial Trading Down 2.3%

Shares of Ally Financial stock opened at $35.79 on Thursday. The company has a debt-to-equity ratio of 1.51, a current ratio of 0.93 and a quick ratio of 0.93. The stock’s 50 day simple moving average is $33.81 and its 200-day simple moving average is $35.96. The stock has a market cap of $10.99 billion, a P/E ratio of 13.77, a P/E/G ratio of 0.32 and a beta of 1.14. Ally Financial Inc. has a 1-year low of $29.52 and a 1-year high of $45.46.

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

Ally Financial Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, May 15th. Stockholders of record on Thursday, May 1st will be given a dividend of $0.30 per share. The ex-dividend date of this dividend is Thursday, May 1st. This represents a $1.20 annualized dividend and a dividend yield of 3.35%. Ally Financial’s payout ratio is 88.24%.

Analysts Set New Price Targets

ALLY has been the subject of a number of research analyst reports. StockNews.com upgraded shares of Ally Financial from a “sell” rating to a “hold” rating in a research report on Thursday. Royal Bank of Canada reissued an “outperform” rating and set a $40.00 target price on shares of Ally Financial in a research note on Monday, April 21st. Compass Point raised 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 research note on Monday, April 7th. Truist Financial cut their price objective on Ally Financial from $45.00 to $41.00 and set a “buy” rating for the company in a research note on Tuesday, April 22nd. Finally, Wells Fargo & Company reduced their target price on Ally Financial from $34.00 to $32.00 and set an “underweight” rating for the company in a report on Monday, April 21st. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and ten have issued a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $41.69.

Insider Activity at Ally Financial

In related news, insider Stephanie N. Richard sold 8,000 shares of the company’s stock in a transaction that occurred on Wednesday, April 30th. The stock was sold at an average price of $32.14, for a total value of $257,120.00. Following the transaction, the insider now directly owns 90,387 shares in the company, valued at approximately $2,905,038.18. This represents a 8.13% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Russell E. Hutchinson acquired 8,200 shares of the stock in a transaction that occurred on Tuesday, April 22nd. The stock was acquired at an average price of $30.81 per share, with a total value of $252,642.00. Following the completion of the transaction, the chief financial officer now directly owns 236,421 shares of the company’s stock, valued at $7,284,131.01. This trade represents a 3.59% increase in their position. The disclosure for this purchase can be found here. 0.56% of the stock is currently owned by insiders.

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.