ExodusPoint Capital Management LP Has $10.15 Million Stake in Ally Financial Inc. (NYSE:ALLY)

ExodusPoint Capital Management LP lessened its position in Ally Financial Inc. (NYSE:ALLY) by 86.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 281,910 shares of the financial services provider’s stock after selling 1,769,032 shares during the period. ExodusPoint Capital Management LP owned 0.09% of Ally Financial worth $10,152,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of ALLY. Oak Thistle LLC bought a new position in Ally Financial in the 4th quarter valued at approximately $1,112,000. Point72 Asset Management L.P. bought a new position in shares of Ally Financial during the third quarter valued at $21,571,000. State Street Corp lifted its holdings in shares of 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 purchasing an additional 51,426 shares during the period. Wealthcare Advisory Partners LLC bought a new stake in shares of Ally Financial in the fourth quarter worth $461,000. Finally, Franklin Resources Inc. increased its holdings in Ally Financial by 184.7% in the third quarter. Franklin Resources Inc. now owns 532,090 shares of the financial services provider’s stock valued at $19,044,000 after purchasing an additional 345,210 shares during the period. 88.76% of the stock is currently owned by institutional investors.

Ally Financial Trading Down 2.6 %

Shares of Ally Financial stock opened at $32.16 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. Ally Financial Inc. has a 52 week low of $30.06 and a 52 week high of $45.46. The stock has a 50 day moving average price of $36.72 and a two-hundred day moving average price of $36.40. The stock has a market capitalization 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 (NYSE:ALLY) last announced its quarterly earnings results on Wednesday, January 22nd. The financial services provider reported $0.78 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 business had revenue of $2.09 billion during the quarter, compared to analyst estimates of $2.02 billion. During the same quarter in the previous year, the business posted $0.45 EPS. Ally Financial’s quarterly revenue was up 3.6% on a year-over-year basis. As a group, equities analysts anticipate that Ally Financial Inc. will post 3.57 earnings per share for the current fiscal year.

Ally Financial Dividend Announcement

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

Wall Street Analyst Weigh In

ALLY has been the topic of a number of analyst reports. JPMorgan Chase & Co. upped their price target on Ally Financial from $40.00 to $43.00 and gave the company an “overweight” rating in a research report on Thursday, January 23rd. Royal Bank of Canada increased their target price 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. Wells Fargo & Company boosted their price target on shares of Ally Financial from $32.00 to $34.00 and gave the stock an “underweight” rating in a research report on Thursday, January 23rd. Truist Financial decreased their price objective on shares of Ally Financial from $47.00 to $45.00 and set a “buy” rating for the company in a research report on Friday. Finally, StockNews.com lowered shares of Ally Financial from a “buy” rating to a “hold” rating in a report on Thursday, January 23rd. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $42.53.

Insider Activity at Ally Financial

In other news, CEO Michael George Rhodes bought 25,634 shares of Ally Financial stock in a transaction dated 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 purchase, 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Russell E. Hutchinson purchased 19,100 shares of the company’s stock in a transaction that occurred on 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 completion of the transaction, the chief financial officer now directly owns 202,845 shares of the company’s stock, valued at $8,002,235.25. This represents a 10.39 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 0.67% of the stock is owned by insiders.

Ally Financial 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.