Ally Financial Inc. (NYSE:ALLY) Shares Purchased by Sterling Capital Management LLC

Sterling Capital Management LLC raised its stake in shares of Ally Financial Inc. (NYSE:ALLY) by 50.8% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 14,659 shares of the financial services provider’s stock after buying an additional 4,940 shares during the quarter. Sterling Capital Management LLC’s holdings in Ally Financial were worth $528,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of ALLY. Norges Bank acquired a new stake in shares of Ally Financial during the fourth quarter valued at $75,483,000. Assenagon Asset Management S.A. boosted its stake in shares of Ally Financial by 233.4% during the 4th quarter. Assenagon Asset Management S.A. now owns 2,430,128 shares of the financial services provider’s stock worth $87,509,000 after purchasing an additional 1,701,264 shares during the last quarter. Phoenix Financial Ltd. raised its position in shares of Ally Financial by 86.4% in the fourth quarter. Phoenix Financial Ltd. now owns 3,390,066 shares of the financial services provider’s stock valued at $122,077,000 after buying an additional 1,571,027 shares during the last quarter. ANTIPODES PARTNERS Ltd lifted its stake in shares of 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 valued at $106,455,000 after buying an additional 1,272,853 shares during the period. Finally, Amundi boosted its position in Ally Financial by 81.0% during the fourth quarter. Amundi now owns 1,156,003 shares of the financial services provider’s stock worth $41,165,000 after acquiring an additional 517,388 shares during the last quarter. Hedge funds and other institutional investors own 88.76% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on ALLY. JPMorgan Chase & Co. reduced their price target on Ally Financial from $43.00 to $36.00 and set an “overweight” rating on the stock in a research note on Tuesday, April 8th. Morgan Stanley decreased their price target on Ally Financial from $45.00 to $39.00 and set an “outperform” rating on the stock in a research note on Monday, April 7th. For consumer lenders, the Trump Administration’s hardline approach to tariffs is “difficult to ignore” and there’s clearly more downside to the group if tariffs remain near current levels. If tariffs remain in place, risks to growth would skew meaningfully to the downside and risks to inflation to the upside, adds the analyst, who is downgrading the firm’s Consumer Finance industry view to Cautious from Attractive. Compass Point raised shares of Ally Financial from a “neutral” rating to a “buy” rating and upped their price objective for the company from $37.00 to $41.00 in a research note on Monday, April 7th. Truist Financial decreased their target price on shares of Ally Financial from $47.00 to $45.00 and set a “buy” rating on the stock in a research report on Friday, April 4th. Finally, Bank of America dropped their price target on shares of Ally Financial from $42.00 to $38.00 and set a “buy” rating for the company in a research report on Monday, April 7th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and ten have issued a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $41.76.

Ally Financial Stock Down 1.8 %

NYSE ALLY opened at $31.61 on Friday. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 1.51. Ally Financial Inc. has a fifty-two week low of $29.52 and a fifty-two week high of $45.46. The business has a 50 day moving average price of $35.27 and a two-hundred day moving average price of $36.20. The stock has a market cap of $9.71 billion, a PE ratio of 12.16, a P/E/G ratio of 0.32 and a beta of 1.12.

Ally Financial (NYSE:ALLY) last released its quarterly earnings results on Thursday, April 17th. The financial services provider reported $0.58 earnings per share for the quarter, beating analysts’ consensus estimates of $0.43 by $0.15. Ally Financial had a net margin of 11.29% and a return on equity of 9.31%. The business had revenue of $1.54 billion during the quarter, compared to analyst estimates of $2.04 billion. During the same period last year, the business earned $0.45 EPS. As a group, sell-side analysts predict that Ally Financial Inc. will post 3.57 EPS for the current fiscal year.

Ally Financial Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, May 15th. Investors of record on Thursday, May 1st will be paid a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 3.80%. The ex-dividend date of this dividend is Thursday, May 1st. Ally Financial’s dividend payout ratio (DPR) is 46.15%.

Insider Activity at Ally Financial

In related news, CEO Michael George Rhodes bought 25,634 shares of the business’s stock in a transaction dated Monday, January 27th. The shares were acquired 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 owns 25,634 shares in the company, valued at $1,002,033.06. This trade represents a ∞ increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO Russell E. Hutchinson purchased 19,100 shares of the firm’s stock in a transaction that occurred on Friday, January 24th. The stock was purchased at an average price of $39.45 per share, with a total value of $753,495.00. Following the completion of 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 represents a 10.39 % increase in their position. The disclosure for this purchase can be found here. 0.67% of the stock is currently owned by company insiders.

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.