Ally Financial Inc. (NYSE:ALLY) Shares Purchased by Fox Run Management L.L.C.

Fox Run Management L.L.C. raised its stake in Ally Financial Inc. (NYSE:ALLY) by 80.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 15,409 shares of the financial services provider’s stock after acquiring an additional 6,847 shares during the quarter. Fox Run Management L.L.C.’s holdings in Ally Financial were worth $555,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Assenagon Asset Management S.A. lifted its stake in shares of Ally Financial by 233.4% in the 4th quarter. Assenagon Asset Management S.A. now owns 2,430,128 shares of the financial services provider’s stock valued at $87,509,000 after purchasing an additional 1,701,264 shares during the period. Jacobs Levy Equity Management Inc. raised its position in shares of Ally Financial by 217.0% in 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. ANTIPODES PARTNERS Ltd raised its position in shares of Ally Financial by 75.6% in 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. Point72 Asset Management L.P. acquired a new stake in shares of Ally Financial during the 3rd quarter valued at about $21,571,000. Finally, 140 Summer Partners LP acquired a new stake in shares of Ally Financial during the 3rd quarter valued at about $19,140,000. Hedge funds and other institutional investors own 88.76% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have issued reports on ALLY. 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. Keefe, Bruyette & Woods lifted their price target on shares of Ally Financial from $44.00 to $56.00 and gave the company an “outperform” rating in a research note on Monday, December 9th. The Goldman Sachs Group upped their price objective on shares of Ally Financial from $42.00 to $48.00 and gave the stock a “buy” rating in a research report on Thursday, January 23rd. Barclays lifted their target price 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. Finally, Truist Financial upped their price target on shares of Ally Financial from $42.00 to $47.00 and gave the stock a “buy” rating in a research report on Tuesday, January 28th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat, Ally Financial has an average rating of “Hold” and an average target price of $43.76.

Ally Financial Trading Up 4.0 %

Shares of ALLY stock opened at $37.90 on Tuesday. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 1.51. Ally Financial Inc. has a twelve month low of $31.95 and a twelve month high of $45.46. The company’s 50-day moving average price is $37.05 and its 200-day moving average price is $36.35. The stock has a market cap of $11.64 billion, a price-to-earnings ratio of 14.58, a PEG ratio of 0.32 and a beta of 1.40.

Ally Financial (NYSE:ALLY) last posted its earnings results on Wednesday, January 22nd. The financial services provider reported $0.78 earnings per share for the quarter, beating the consensus estimate of $0.57 by $0.21. The company had revenue of $2.09 billion for the quarter, compared to analyst estimates of $2.02 billion. Ally Financial had a net margin of 11.29% and a return on equity of 9.31%. Ally Financial’s revenue was up 3.6% on a year-over-year basis. During the same period in the previous year, the business posted $0.45 EPS. As a group, equities analysts predict that Ally Financial Inc. will post 3.57 earnings per share for the current year.

Ally Financial Dividend Announcement

The firm 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 was Friday, January 31st. This represents a $1.20 dividend on an annualized basis and a yield of 3.17%. Ally Financial’s dividend payout ratio is currently 46.15%.

Insider Activity

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

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.