Vanguard Group Inc. Boosts Holdings in Ally Financial Inc. (NYSE:ALLY)

Vanguard Group Inc. lifted its stake in shares of Ally Financial Inc. (NYSE:ALLY) by 0.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 28,252,149 shares of the financial services provider’s stock after purchasing an additional 111,231 shares during the period. Vanguard Group Inc. owned about 9.27% of Ally Financial worth $1,017,360,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently modified their holdings of the company. Principal Securities Inc. raised its holdings in shares of Ally Financial by 89.4% during the fourth quarter. Principal Securities Inc. now owns 1,051 shares of the financial services provider’s stock valued at $38,000 after acquiring an additional 496 shares during the last quarter. Kestra Investment Management LLC acquired a new position in Ally Financial in the 4th quarter valued at $43,000. UMB Bank n.a. lifted its holdings in Ally Financial by 218.8% in the 4th quarter. UMB Bank n.a. now owns 1,546 shares of the financial services provider’s stock valued at $56,000 after purchasing an additional 1,061 shares in the last quarter. Brooklyn Investment Group acquired a new stake in Ally Financial during the 3rd quarter worth $63,000. Finally, Harbour Investments Inc. grew its holdings in shares of Ally Financial by 38.5% during the fourth quarter. Harbour Investments Inc. now owns 2,142 shares of the financial services provider’s stock worth $77,000 after buying an additional 595 shares in the last quarter. Institutional investors and hedge funds own 88.76% of the company’s stock.

Ally Financial Stock Performance

Shares of ALLY stock opened at $37.50 on Friday. 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 has a market cap of $11.52 billion, a P/E ratio of 14.42, a P/E/G ratio of 0.32 and a beta of 1.40. The firm’s 50 day moving average price is $37.09 and its 200-day moving average price is $36.33. Ally Financial Inc. has a one year low of $31.95 and a one year high of $45.46.

Ally Financial (NYSE:ALLY) last released its quarterly earnings results 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 company had revenue of $2.09 billion for the quarter, compared to analysts’ expectations of $2.02 billion. During the same period in the prior year, the firm earned $0.45 earnings per share. The firm’s revenue was up 3.6% compared to the same quarter last year. As a group, equities research analysts predict that Ally Financial Inc. will post 3.57 EPS for the current year.

Ally Financial Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, February 14th. Investors 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 yield of 3.20%. The ex-dividend date was Friday, January 31st. Ally Financial’s dividend payout ratio (DPR) is 46.15%.

Insider Buying and Selling at Ally Financial

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

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on ALLY shares. Wolfe Research downgraded shares of Ally Financial from an “outperform” rating to a “peer perform” rating in a research note on Thursday, December 5th. Morgan Stanley boosted their target price on Ally Financial from $41.00 to $45.00 and gave the stock an “overweight” rating in a report on Thursday, January 23rd. StockNews.com cut Ally Financial from a “buy” rating to a “hold” rating in a report on Thursday, January 23rd. Keefe, Bruyette & Woods lifted their price objective on Ally Financial from $44.00 to $56.00 and gave the stock an “outperform” rating in a research report on Monday, December 9th. Finally, Truist Financial upped their target price on Ally Financial from $42.00 to $47.00 and gave the company a “buy” rating in a report on Tuesday, January 28th. Two analysts have rated the stock with a sell rating, nine have issued a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat, Ally Financial presently has an average rating of “Hold” and a consensus price target of $42.53.

About Ally Financial

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.