Lee Financial Co Sells 395 Shares of Ally Financial Inc. (NYSE:ALLY)

Lee Financial Co decreased its position in shares of Ally Financial Inc. (NYSE:ALLY) by 1.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 25,369 shares of the financial services provider’s stock after selling 395 shares during the quarter. Lee Financial Co’s holdings in Ally Financial were worth $914,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Blue Trust Inc. boosted its stake in shares of Ally Financial by 8.2% during the third quarter. Blue Trust Inc. now owns 4,660 shares of the financial services provider’s stock valued at $166,000 after purchasing an additional 352 shares in the last quarter. Schubert & Co bought a new stake in Ally Financial during the 3rd quarter worth approximately $350,000. New Century Financial Group LLC acquired a new position in Ally Financial in the 3rd quarter valued at approximately $942,000. Cyndeo Wealth Partners LLC raised its stake in shares of Ally Financial by 4.1% during the third quarter. Cyndeo Wealth Partners LLC now owns 162,530 shares of the financial services provider’s stock valued at $5,784,000 after acquiring an additional 6,435 shares during the last quarter. Finally, OLD National Bancorp IN lifted its holdings in shares of Ally Financial by 3.1% during the third quarter. OLD National Bancorp IN now owns 907,648 shares of the financial services provider’s stock worth $32,303,000 after purchasing an additional 27,047 shares during the period. Institutional investors own 88.76% of the company’s stock.

Insider Transactions at Ally Financial

In related news, CEO Michael George Rhodes bought 25,634 shares of the business’s stock in a transaction that occurred on Monday, January 27th. The shares were bought at an average price of $39.09 per share, with a total value of $1,002,033.06. Following the completion of the transaction, the chief executive officer now directly owns 25,634 shares in the company, valued at approximately $1,002,033.06. This represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Russell E. Hutchinson purchased 19,100 shares of the firm’s stock in a transaction that occurred on Friday, January 24th. The shares were bought at an average price of $39.45 per share, with a total value of $753,495.00. Following the acquisition, the chief financial officer now directly owns 202,845 shares of the company’s stock, valued at $8,002,235.25. This represents a 10.39 % increase in their position. The disclosure for this purchase can be found here. 0.67% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on ALLY shares. Wolfe Research lowered Ally Financial from an “outperform” rating to a “peer perform” rating in a research report on Thursday, December 5th. StockNews.com downgraded Ally Financial from a “buy” rating to a “hold” rating in a research report on Thursday, January 23rd. Citigroup upped their target price on Ally Financial from $50.00 to $55.00 and gave the company a “buy” rating in a report on Friday, November 15th. Barclays raised their price target on shares of Ally Financial from $36.00 to $44.00 and gave the stock an “equal weight” rating in a report on Monday, January 6th. Finally, The Goldman Sachs Group upped their price objective on shares of Ally Financial from $42.00 to $48.00 and gave the company a “buy” rating in a research note on Thursday, January 23rd. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat, Ally Financial has an average rating of “Hold” and an average price target of $43.76.

Ally Financial Stock Up 2.9 %

ALLY stock opened at $38.39 on Friday. The stock’s 50 day simple moving average is $37.11 and its 200 day simple moving average is $37.43. The company has a market cap of $11.70 billion, a P/E ratio of 14.77, a price-to-earnings-growth ratio of 0.43 and a beta of 1.45. The company has a debt-to-equity ratio of 1.51, a quick ratio of 0.93 and a current ratio of 0.93. Ally Financial Inc. has a fifty-two week low of $31.95 and a fifty-two week high of $45.46.

Ally Financial (NYSE:ALLY) last issued its earnings results on Wednesday, January 22nd. The financial services provider reported $0.78 earnings per share for the quarter, topping analysts’ consensus estimates of $0.57 by $0.21. Ally Financial had a return on equity of 9.31% and a net margin of 11.29%. The company had revenue of $2.09 billion for the quarter, compared to analyst estimates of $2.02 billion. During the same period in the prior year, the firm earned $0.45 earnings per share. Ally Financial’s revenue for the quarter was up 3.6% on a year-over-year basis. On average, research analysts expect that Ally Financial Inc. will post 3.69 earnings per share for the current fiscal year.

Ally Financial Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Friday, January 31st were issued a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.13%. The ex-dividend date of this dividend was Friday, January 31st. Ally Financial’s dividend payout ratio is currently 46.15%.

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.