Nebula Research & Development LLC Invests $1.07 Million in Ally Financial Inc. (NYSE:ALLY)

Nebula Research & Development LLC bought a new stake in Ally Financial Inc. (NYSE:ALLY) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 29,797 shares of the financial services provider’s stock, valued at approximately $1,073,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Integrated Wealth Concepts LLC raised its stake in shares of Ally Financial by 2.4% in the fourth quarter. Integrated Wealth Concepts LLC now owns 40,063 shares of the financial services provider’s stock worth $1,443,000 after purchasing an additional 949 shares during the last quarter. Adage Capital Partners GP L.L.C. increased its holdings in Ally Financial by 389.9% in the 4th quarter. Adage Capital Partners GP L.L.C. now owns 525,000 shares of the financial services provider’s stock worth $18,905,000 after buying an additional 417,829 shares during the period. Pinebridge Investments L.P. raised its position in Ally Financial by 33.6% during the 4th quarter. Pinebridge Investments L.P. now owns 93,055 shares of the financial services provider’s stock worth $3,351,000 after buying an additional 23,418 shares during the last quarter. J. Safra Sarasin Holding AG lifted its stake in Ally Financial by 69.2% during the 4th quarter. J. Safra Sarasin Holding AG now owns 44,326 shares of the financial services provider’s stock valued at $1,596,000 after acquiring an additional 18,125 shares during the period. Finally, Stifel Financial Corp increased its stake in shares of Ally Financial by 113.2% in the fourth quarter. Stifel Financial Corp now owns 60,101 shares of the financial services provider’s stock worth $2,164,000 after acquiring an additional 31,915 shares during the period. Hedge funds and other institutional investors own 88.76% of the company’s stock.

Analysts Set New Price Targets

ALLY has been the topic of a number of recent research reports. The Goldman Sachs Group upped their target price on Ally Financial from $45.00 to $50.00 and gave the stock a “buy” rating in a research note on Tuesday, April 1st. Royal Bank of Canada reaffirmed an “outperform” rating and set a $40.00 price objective on shares of Ally Financial in a research note on Monday, April 21st. Bank of America decreased their target price on shares of Ally Financial from $42.00 to $38.00 and set a “buy” rating for the company in a research note on Monday, April 7th. Compass Point upgraded shares of Ally Financial from a “neutral” rating to a “buy” rating and raised their price target for the company from $37.00 to $41.00 in a research report on Monday, April 7th. Finally, Truist Financial decreased their price objective on shares of Ally Financial from $45.00 to $41.00 and set a “buy” rating for the company in a research report on Tuesday, April 22nd. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and ten have assigned a buy rating to the company’s stock. According to MarketBeat, Ally Financial has a consensus rating of “Hold” and a consensus price target of $41.69.

Ally Financial Price Performance

ALLY stock opened at $32.95 on Friday. Ally Financial Inc. has a 52-week low of $29.52 and a 52-week high of $45.46. The business has a fifty day moving average of $34.52 and a two-hundred day moving average of $36.08. The stock has a market cap of $10.12 billion, a price-to-earnings ratio of 12.67, a price-to-earnings-growth ratio of 0.32 and a beta of 1.12. 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 (NYSE:ALLY) last issued its quarterly earnings data on Thursday, April 17th. The financial services provider reported $0.58 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.43 by $0.15. The firm had revenue of $1.54 billion for the quarter, compared to analyst estimates of $2.04 billion. Ally Financial had a net margin of 11.29% and a return on equity of 9.31%. During the same period in the previous year, the firm earned $0.45 EPS. As a group, research analysts anticipate that Ally Financial Inc. will post 3.57 earnings per share for the current year.

Ally Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, May 15th. Investors of record on Thursday, May 1st will be given a dividend of $0.30 per share. The ex-dividend date of this dividend is Thursday, May 1st. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.64%. Ally Financial’s payout ratio is currently 88.24%.

Insider Activity at Ally Financial

In other Ally Financial news, CEO Michael George Rhodes acquired 25,634 shares of the company’s stock in a transaction that occurred on 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 completion of the acquisition, the chief executive officer now 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 acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Russell E. Hutchinson bought 8,200 shares of Ally Financial stock in a transaction on Tuesday, April 22nd. The shares were acquired at an average price of $30.81 per share, for a total transaction of $252,642.00. Following the completion of the acquisition, the chief financial officer now owns 236,421 shares in the company, valued at $7,284,131.01. This represents a 3.59 % 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 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.