Ally Financial Inc. (NYSE:ALLY) Stock Position Decreased by Grantham Mayo Van Otterloo & Co. LLC

Grantham Mayo Van Otterloo & Co. LLC lowered its holdings in Ally Financial Inc. (NYSE:ALLY) by 21.6% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 812,929 shares of the financial services provider’s stock after selling 223,914 shares during the period. Grantham Mayo Van Otterloo & Co. LLC owned about 0.27% of Ally Financial worth $29,274,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. Principal Securities Inc. lifted its position in Ally Financial by 89.4% in the 4th quarter. Principal Securities Inc. now owns 1,051 shares of the financial services provider’s stock valued at $38,000 after purchasing an additional 496 shares during the last quarter. Kestra Investment Management LLC bought a new stake in shares of Ally Financial during the fourth quarter valued at approximately $43,000. UMB Bank n.a. boosted its position in shares of Ally Financial by 218.8% during the fourth quarter. UMB Bank n.a. now owns 1,546 shares of the financial services provider’s stock worth $56,000 after buying an additional 1,061 shares during the period. Harbour Investments Inc. increased its position in Ally Financial by 38.5% in the 4th quarter. Harbour Investments Inc. now owns 2,142 shares of the financial services provider’s stock valued at $77,000 after acquiring an additional 595 shares during the period. Finally, Van ECK Associates Corp acquired a new position in Ally Financial during the 4th quarter worth $85,000. 88.76% of the stock is owned by institutional investors.

Insider Buying and Selling at Ally Financial

In other news, CFO Russell E. Hutchinson purchased 19,100 shares of the business’s stock in a transaction dated Friday, January 24th. The stock was bought at an average cost of $39.45 per share, with a total value of $753,495.00. Following the purchase, the chief financial officer now directly owns 202,845 shares of the company’s stock, valued at approximately $8,002,235.25. This trade represents a 10.39 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO Michael George Rhodes purchased 25,634 shares of the stock in a transaction that occurred on 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 purchase, the chief executive officer now owns 25,634 shares in the company, valued at $1,002,033.06. This 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.

Analyst Ratings Changes

A number of research analysts have recently commented on the company. The Goldman Sachs Group raised their price target on Ally Financial from $45.00 to $50.00 and gave the company a “buy” rating in a report on Tuesday, April 1st. JPMorgan Chase & Co. boosted their price target on shares of Ally Financial from $40.00 to $43.00 and gave the stock an “overweight” rating in a research report on Thursday, January 23rd. Jefferies Financial Group increased their price objective on shares of Ally Financial from $35.00 to $40.00 and gave the company a “hold” rating in a report on Thursday, January 23rd. Truist Financial dropped their target price on Ally Financial from $47.00 to $45.00 and set a “buy” rating on the stock in a report on Friday. Finally, StockNews.com lowered Ally Financial from a “buy” rating to a “hold” rating in a research note on Thursday, January 23rd. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $42.53.

Ally Financial Stock Performance

Shares of Ally Financial stock opened at $32.16 on Friday. The stock has a market cap of $9.88 billion, a PE ratio of 12.37, a price-to-earnings-growth ratio of 0.32 and a beta of 1.12. Ally Financial Inc. has a 12 month low of $30.06 and a 12 month high of $45.46. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 1.51. The business has a fifty day simple moving average of $36.72 and a 200-day simple moving average of $36.42.

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. The firm had revenue of $2.09 billion during the quarter, compared to analyst estimates of $2.02 billion. Ally Financial had a return on equity of 9.31% and a net margin of 11.29%. The business’s quarterly revenue was up 3.6% compared to the same quarter last year. During the same period last year, the company posted $0.45 EPS. On average, sell-side analysts anticipate that Ally Financial Inc. will post 3.57 EPS for the current fiscal year.

Ally Financial Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Friday, January 31st were given a $0.30 dividend. The ex-dividend date of this dividend was Friday, January 31st. This represents a $1.20 dividend on an annualized basis and a yield of 3.73%. Ally Financial’s payout ratio is 46.15%.

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.