Philip James Wealth Mangement LLC Sells 10,282 Shares of Ally Financial Inc. (NYSE:ALLY)

Philip James Wealth Mangement LLC cut its holdings in Ally Financial Inc. (NYSE:ALLY) by 4.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 227,263 shares of the financial services provider’s stock after selling 10,282 shares during the period. Ally Financial makes up 1.1% of Philip James Wealth Mangement LLC’s investment portfolio, making the stock its 20th biggest holding. Philip James Wealth Mangement LLC’s holdings in Ally Financial were worth $8,184,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the business. Assenagon Asset Management S.A. lifted its position in Ally Financial by 233.4% during the 4th quarter. Assenagon Asset Management S.A. now owns 2,430,128 shares of the financial services provider’s stock worth $87,509,000 after acquiring an additional 1,701,264 shares during the last quarter. Jacobs Levy Equity Management Inc. lifted its position in Ally Financial by 217.0% during the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 2,283,214 shares of the financial services provider’s stock worth $81,260,000 after acquiring an additional 1,563,008 shares during the last quarter. Point72 Asset Management L.P. acquired a new position in Ally Financial during the 3rd quarter worth $21,571,000. 140 Summer Partners LP acquired a new position in Ally Financial during the 3rd quarter worth $19,140,000. Finally, Franklin Resources Inc. lifted its position in Ally Financial by 184.7% during the 3rd quarter. Franklin Resources Inc. now owns 532,090 shares of the financial services provider’s stock worth $19,044,000 after acquiring an additional 345,210 shares during the last quarter. 88.76% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, CFO Russell E. Hutchinson bought 19,100 shares of the business’s stock in a transaction on Friday, January 24th. The shares were bought at an average cost of $39.45 per share, for a total transaction of $753,495.00. Following the completion of the acquisition, the chief financial officer now owns 202,845 shares in the company, valued at approximately $8,002,235.25. This trade represents a 10.39 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Michael George Rhodes bought 25,634 shares of the business’s stock in a transaction on Monday, January 27th. The stock was purchased at an average price of $39.09 per share, for a total transaction of $1,002,033.06. Following the completion of the acquisition, the chief executive officer now owns 25,634 shares of the company’s stock, valued at approximately $1,002,033.06. This trade represents a ∞ increase in their position. The disclosure for this purchase can be found here. Company insiders own 0.67% of the company’s stock.

Ally Financial Price Performance

Shares of ALLY stock opened at $38.39 on Monday. Ally Financial Inc. has a 52-week low of $31.95 and a 52-week high of $45.46. The stock has a market cap of $11.70 billion, a PE ratio of 14.77, a PEG 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. The firm’s 50 day moving average price is $37.11 and its two-hundred day moving average price is $37.43.

Ally Financial (NYSE:ALLY) last announced its quarterly earnings data on Wednesday, January 22nd. The financial services provider reported $0.78 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.57 by $0.21. Ally Financial had a net margin of 11.29% and a return on equity of 9.31%. The firm had revenue of $2.09 billion for the quarter, compared to analysts’ expectations of $2.02 billion. During the same period last year, the firm earned $0.45 earnings per share. The business’s revenue for the quarter was up 3.6% on a year-over-year basis. As a group, analysts forecast that Ally Financial Inc. will post 3.69 EPS for the current year.

Ally Financial Dividend Announcement

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

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on ALLY. Truist Financial upped their price objective on shares of Ally Financial from $42.00 to $47.00 and gave the company a “buy” rating in a research report on Tuesday, January 28th. Barclays upped their price objective on shares of Ally Financial from $36.00 to $44.00 and gave the company an “equal weight” rating in a research report on Monday, January 6th. Wells Fargo & Company upped their price objective on shares of Ally Financial from $32.00 to $34.00 and gave the company an “underweight” rating in a research report on Thursday, January 23rd. Royal Bank of Canada upped their price objective on shares of Ally Financial from $41.00 to $45.00 and gave the company an “outperform” rating in a research report on Thursday, January 23rd. Finally, Jefferies Financial Group upped their price objective on shares of Ally Financial from $35.00 to $40.00 and gave the company a “hold” rating in a research report on Thursday, January 23rd. One research analyst has rated the stock with a sell rating, ten have given a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $43.76.

Ally Financial Company 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.