LSV Asset Management lowered its position in shares of Ally Financial Inc. (NYSE:ALLY – Free Report) by 1.8% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 1,958,035 shares of the financial services provider’s stock after selling 35,500 shares during the period. LSV Asset Management’s holdings in Ally Financial were worth $88,679,000 at the end of the most recent reporting period.
Several other large investors have also bought and sold shares of ALLY. Mirae Asset Global Investments Co. Ltd. bought a new position in Ally Financial during the fourth quarter valued at about $29,000. SBI Securities Co. Ltd. boosted its stake in Ally Financial by 43.9% during the fourth quarter. SBI Securities Co. Ltd. now owns 904 shares of the financial services provider’s stock valued at $41,000 after buying an additional 276 shares in the last quarter. Larson Financial Group LLC boosted its stake in Ally Financial by 67.0% during the third quarter. Larson Financial Group LLC now owns 1,072 shares of the financial services provider’s stock valued at $42,000 after buying an additional 430 shares in the last quarter. Smartleaf Asset Management LLC boosted its stake in Ally Financial by 98.7% during the third quarter. Smartleaf Asset Management LLC now owns 1,111 shares of the financial services provider’s stock valued at $44,000 after buying an additional 552 shares in the last quarter. Finally, Allworth Financial LP boosted its stake in Ally Financial by 53.5% during the third quarter. Allworth Financial LP now owns 1,154 shares of the financial services provider’s stock valued at $45,000 after buying an additional 402 shares in the last quarter. Institutional investors own 88.76% of the company’s stock.
Analyst Ratings Changes
Several research analysts recently weighed in on the company. Bank of America raised their target price on Ally Financial from $51.00 to $52.00 and gave the company a “buy” rating in a research note on Friday, April 10th. JPMorgan Chase & Co. decreased their target price on Ally Financial from $48.00 to $46.00 and set an “overweight” rating for the company in a research note on Thursday, April 9th. Weiss Ratings raised Ally Financial from a “hold (c+)” rating to a “buy (b)” rating in a research note on Wednesday, May 6th. Wall Street Zen cut Ally Financial from a “buy” rating to a “hold” rating in a research note on Saturday. Finally, The Goldman Sachs Group raised their target price on Ally Financial from $50.00 to $56.00 and gave the company 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 given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $54.14.
Ally Financial Trading Down 0.8%
Shares of NYSE ALLY opened at $42.39 on Friday. Ally Financial Inc. has a 12 month low of $32.50 and a 12 month high of $47.27. The company has a market cap of $12.99 billion, a price-to-earnings ratio of 10.34, a P/E/G ratio of 0.26 and a beta of 1.12. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 1.31. The business has a fifty day simple moving average of $41.46 and a 200-day simple moving average of $41.90.
Ally Financial (NYSE:ALLY – Get Free Report) last announced its earnings results on Friday, April 17th. The financial services provider reported $1.11 EPS for the quarter, beating the consensus estimate of $0.93 by $0.18. Ally Financial had a return on equity of 11.41% and a net margin of 16.47%.The business had revenue of $2.18 billion during the quarter, compared to the consensus estimate of $2.14 billion. During the same period in the prior year, the business posted $0.58 earnings per share. Ally Financial’s revenue was up 36.4% compared to the same quarter last year. Sell-side analysts predict that Ally Financial Inc. will post 5.3 EPS for the current year.
Ally Financial Announces Dividend
The business also recently announced 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 is currently 29.27%.
Insider Buying and Selling at Ally Financial
In related news, insider Douglas R. Timmerman sold 39,675 shares of the stock in a transaction dated Friday, April 17th. The stock was sold at an average price of $45.17, for a total value of $1,792,119.75. Following the completion of the sale, the insider directly owned 477,627 shares of the company’s stock, valued at approximately $21,574,411.59. This represents a 7.67% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Stephanie N. Richard sold 5,000 shares of the stock in a transaction dated Friday, May 15th. The stock was sold at an average price of $42.14, for a total value of $210,700.00. Following the completion of the sale, the insider directly owned 93,927 shares of the company’s stock, valued at approximately $3,958,083.78. This represents a 5.05% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Corporate insiders own 0.46% of the company’s stock.
Ally Financial Company Profile
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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