Ally Financial Inc. (NYSE:ALLY) Shares Purchased by Intech Investment Management LLC

Intech Investment Management LLC increased its stake in shares of Ally Financial Inc. (NYSE:ALLY) by 133.9% during the 4th quarter, Holdings Channel reports. The fund owned 37,425 shares of the financial services provider’s stock after purchasing an additional 21,424 shares during the quarter. Intech Investment Management LLC’s holdings in Ally Financial were worth $1,348,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. State Street Corp grew its holdings in Ally Financial by 0.5% during the third quarter. State Street Corp now owns 10,704,719 shares of the financial services provider’s stock worth $380,981,000 after acquiring an additional 51,426 shares during the period. ANTIPODES PARTNERS Ltd grew its holdings in Ally Financial by 75.6% during the fourth quarter. ANTIPODES PARTNERS Ltd now owns 2,956,037 shares of the financial services provider’s stock worth $106,455,000 after acquiring an additional 1,272,853 shares during the period. Assenagon Asset Management S.A. grew its holdings in Ally Financial by 233.4% during the fourth 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 period. Jacobs Levy Equity Management Inc. grew its holdings in Ally Financial by 217.0% during the third 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 period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in Ally Financial by 19.6% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,106,589 shares of the financial services provider’s stock worth $74,974,000 after acquiring an additional 344,543 shares during the period. 88.76% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, CFO Russell E. Hutchinson acquired 19,100 shares of the company’s stock in a transaction dated Friday, January 24th. The stock was acquired at an average cost of $39.45 per share, with a total value of $753,495.00. Following the completion of the purchase, the chief financial officer now 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 acquisition was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Michael George Rhodes acquired 25,634 shares of the company’s stock in a transaction dated Monday, January 27th. The stock was purchased at an average cost of $39.09 per share, with a total value of $1,002,033.06. Following the completion of the purchase, the chief executive officer now directly owns 25,634 shares of the company’s stock, valued at approximately $1,002,033.06. This represents a ∞ increase in their position. The disclosure for this purchase can be found here. 0.67% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on ALLY. Truist Financial increased their price target on Ally Financial from $42.00 to $47.00 and gave the stock a “buy” rating in a research report on Tuesday, January 28th. Keefe, Bruyette & Woods increased their price target on Ally Financial from $44.00 to $56.00 and gave the stock an “outperform” rating in a research report on Monday, December 9th. JPMorgan Chase & Co. increased their price target on Ally Financial from $40.00 to $43.00 and gave the stock an “overweight” rating in a research report on Thursday, January 23rd. The Goldman Sachs Group increased their price target on Ally Financial from $42.00 to $48.00 and gave the stock a “buy” rating in a research report on Thursday, January 23rd. Finally, StockNews.com downgraded Ally Financial from a “buy” rating to a “hold” rating in a research report on Thursday, January 23rd. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $43.76.

Ally Financial Stock Performance

Shares of Ally Financial stock opened at $36.50 on Friday. Ally Financial Inc. has a one year low of $31.95 and a one year high of $45.46. The company has a market cap of $11.21 billion, a price-to-earnings ratio of 14.04, a PEG ratio of 0.32 and a beta of 1.40. 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 business’s 50 day moving average price is $36.99 and its 200 day moving average price is $36.44.

Ally Financial (NYSE:ALLY) last announced its quarterly earnings data on Wednesday, January 22nd. The financial services provider reported $0.78 EPS 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 firm had revenue of $2.09 billion for the quarter, compared to the consensus estimate of $2.02 billion. During the same quarter last year, the business posted $0.45 earnings per share. The firm’s revenue was up 3.6% compared to the same quarter last year. On average, research analysts predict that Ally Financial Inc. will post 3.57 EPS for the current year.

Ally Financial Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Friday, January 31st were paid a dividend of $0.30 per share. The ex-dividend date of this dividend was Friday, January 31st. This represents a $1.20 annualized dividend and a yield of 3.29%. Ally Financial’s dividend payout ratio (DPR) is 46.15%.

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.