Thompson Siegel & Walmsley LLC lessened its holdings in shares of Ally Financial Inc. (NYSE:ALLY – Free Report) by 98.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,603 shares of the financial services provider’s stock after selling 746,649 shares during the period. Thompson Siegel & Walmsley LLC’s holdings in Ally Financial were worth $480,000 at the end of the most recent quarter.
Several other institutional investors have also modified their holdings of ALLY. Royal Bank of Canada lifted its stake in Ally Financial by 106.5% in the 1st quarter. Royal Bank of Canada now owns 251,123 shares of the financial services provider’s stock valued at $9,158,000 after acquiring an additional 129,497 shares in the last quarter. NewEdge Advisors LLC lifted its stake in Ally Financial by 22.8% in 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 lifted its stake in Ally Financial by 11.1% in 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 bought a new stake in Ally Financial in the 1st quarter valued at approximately $259,000. Finally, EverSource Wealth Advisors LLC lifted its stake in Ally Financial by 374.9% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,477 shares of the financial services provider’s stock valued at $58,000 after acquiring an additional 1,166 shares in the last quarter. Institutional investors own 88.76% of the company’s stock.
Ally Financial Price Performance
NYSE:ALLY opened at $42.10 on Wednesday. Ally Financial Inc. has a 1-year low of $34.71 and a 1-year high of $47.27. 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 firm has a fifty day simple moving average of $42.14 and a 200 day simple moving average of $42.06. The stock has a market capitalization of $12.91 billion, a PE ratio of 10.27, a P/E/G ratio of 0.25 and a beta of 1.10.
Ally Financial Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Friday, May 15th. Investors of record on Friday, May 1st were issued 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 dividend yield of 2.9%. Ally Financial’s payout ratio is presently 29.27%.
Wall Street Analyst Weigh In
Several research firms have commented on ALLY. Barclays boosted their target price on Ally Financial from $54.00 to $56.00 and gave the company an “equal weight” rating in a research note on Monday, April 20th. Truist Financial set a $54.00 target price on Ally Financial in a research note on Tuesday, April 21st. The Goldman Sachs Group boosted 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. Morgan Stanley boosted their target price on Ally Financial from $53.00 to $55.00 and gave the company an “overweight” rating in a research note on Monday, April 20th. Finally, Wall Street Zen upgraded Ally Financial from a “hold” rating to a “buy” rating in a research note on Sunday. 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, Ally Financial currently has a consensus rating of “Moderate Buy” and a consensus price target of $54.14.
Check Out Our Latest Research Report on ALLY
Insider Buying and Selling
In related news, insider Stephanie N. Richard sold 5,000 shares of the business’s stock in a transaction that occurred on Friday, May 15th. The stock was sold at an average price of $42.14, for a total transaction of $210,700.00. Following the transaction, the insider directly owned 93,927 shares of the company’s stock, valued at approximately $3,958,083.78. The trade was a 5.05% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Douglas R. Timmerman sold 39,675 shares of the business’s stock in a transaction that occurred on 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 transaction, the insider directly owned 477,627 shares in the company, valued at $21,574,411.59. The trade was a 7.67% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 0.46% of the stock is currently owned by insiders.
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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