Voleon Capital Management LP Buys Shares of 7,658 Ally Financial Inc. (NYSE:ALLY)

Voleon Capital Management LP purchased a new position in shares of Ally Financial Inc. (NYSE:ALLY) during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 7,658 shares of the financial services provider’s stock, valued at approximately $276,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Principal Securities Inc. boosted its holdings in shares of Ally Financial by 89.4% during the 4th quarter. Principal Securities Inc. now owns 1,051 shares of the financial services provider’s stock worth $38,000 after buying an additional 496 shares during the period. Kestra Investment Management LLC acquired a new stake in shares of Ally Financial in the fourth quarter valued at about $43,000. UMB Bank n.a. increased its stake in shares of Ally Financial by 218.8% in the fourth quarter. UMB Bank n.a. now owns 1,546 shares of the financial services provider’s stock worth $56,000 after purchasing an additional 1,061 shares during the period. Harbour Investments Inc. boosted its stake in Ally Financial by 38.5% during the 4th quarter. Harbour Investments Inc. now owns 2,142 shares of the financial services provider’s stock valued at $77,000 after purchasing an additional 595 shares during the period. Finally, Aster Capital Management DIFC Ltd acquired a new stake in Ally Financial in the 4th quarter valued at approximately $78,000. Institutional investors own 88.76% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently commented on ALLY. StockNews.com cut shares of Ally Financial from a “buy” rating to a “hold” rating in a research note on Thursday, January 23rd. Compass Point upgraded shares of Ally Financial from a “neutral” rating to a “buy” rating and increased their target price for the company from $37.00 to $41.00 in a research note on Monday, April 7th. Truist Financial reduced their price objective on Ally Financial from $45.00 to $41.00 and set a “buy” rating for the company in a research report on Tuesday, April 22nd. Royal Bank of Canada restated an “outperform” rating and set a $40.00 price objective on shares of Ally Financial in a research report on Monday, April 21st. Finally, JPMorgan Chase & Co. decreased their price target on shares of Ally Financial from $43.00 to $36.00 and set an “overweight” rating on the stock in a research note on Tuesday, April 8th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $41.69.

Ally Financial Price Performance

Ally Financial stock opened at $32.34 on Friday. The firm has a market capitalization of $9.93 billion, a P/E ratio of 12.44, a PEG ratio of 0.32 and a beta of 1.12. The business has a 50-day moving average of $34.10 and a 200-day moving average of $36.00. 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 1 year low of $29.52 and a 1 year high of $45.46.

Ally Financial (NYSE:ALLY) last issued its earnings results on Thursday, April 17th. The financial services provider reported $0.58 EPS for the quarter, beating the consensus estimate of $0.43 by $0.15. The firm had revenue of $1.54 billion during the quarter, compared to the consensus estimate of $2.04 billion. Ally Financial had a net margin of 11.29% and a return on equity of 9.31%. During the same quarter in the prior year, the firm earned $0.45 earnings per share. On average, equities analysts anticipate that Ally Financial Inc. will post 3.57 EPS for the current year.

Ally Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, May 15th. Shareholders of record on Thursday, May 1st will be paid a $0.30 dividend. The ex-dividend date of this dividend is Thursday, May 1st. This represents a $1.20 dividend on an annualized basis and a yield of 3.71%. Ally Financial’s payout ratio is 88.24%.

Insider Buying and Selling at Ally Financial

In other news, insider Stephanie N. Richard sold 8,000 shares of the stock in a transaction on Wednesday, April 30th. The shares were sold at an average price of $32.14, for a total transaction of $257,120.00. Following the completion of the sale, the insider now owns 90,387 shares of the company’s stock, valued at $2,905,038.18. This represents a 8.13 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Russell E. Hutchinson acquired 8,200 shares of the company’s stock in a transaction that occurred on Tuesday, April 22nd. The shares were bought 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 of the company’s stock, valued at $7,284,131.01. This trade represents a 3.59 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 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.