Ally Financial Inc. (NYSE:ALLY) Shares Sold by Mercer Global Advisors Inc. ADV

Mercer Global Advisors Inc. ADV reduced its position in Ally Financial Inc. (NYSE:ALLY) by 3.7% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 110,060 shares of the financial services provider’s stock after selling 4,218 shares during the quarter. Mercer Global Advisors Inc. ADV’s holdings in Ally Financial were worth $3,963,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of ALLY. Norges Bank acquired a new stake in Ally Financial during the 4th quarter worth approximately $75,483,000. Assenagon Asset Management S.A. lifted its holdings in shares of Ally Financial by 233.4% during the fourth 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 period. Phoenix Financial Ltd. grew its position in Ally Financial by 86.4% in the 4th 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 increased its stake in Ally Financial by 75.6% in the 4th 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, First Trust Advisors LP raised its position in Ally Financial by 41.4% during the 4th quarter. First Trust Advisors LP now owns 3,458,352 shares of the financial services provider’s stock worth $124,535,000 after buying an additional 1,011,985 shares during the last quarter. 88.76% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Ally Financial

In other Ally Financial news, insider Stephanie N. Richard sold 8,000 shares of Ally Financial stock in a transaction on Wednesday, April 30th. The shares were sold at an average price of $32.14, for a total value of $257,120.00. Following the transaction, the insider now owns 90,387 shares in the company, valued at $2,905,038.18. This trade represents a 8.13 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Russell E. Hutchinson acquired 8,200 shares of the stock in a transaction dated Tuesday, April 22nd. The shares were bought at an average cost of $30.81 per share, with a total value of $252,642.00. Following the completion of the purchase, the chief financial officer now directly owns 236,421 shares in the company, valued at approximately $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.

Wall Street Analyst Weigh In

ALLY has been the topic of a number of recent analyst reports. Compass Point upgraded shares of Ally Financial from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $37.00 to $41.00 in a research note on Monday, April 7th. Morgan Stanley dropped their target price on Ally Financial from $45.00 to $39.00 and set an “outperform” rating on the stock in a research report 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. StockNews.com cut Ally Financial from a “buy” rating to a “hold” rating in a report on Thursday, January 23rd. Bank of America dropped their price objective on Ally Financial from $42.00 to $38.00 and set a “buy” rating on the stock in a report on Monday, April 7th. Finally, Jefferies Financial Group boosted their target price on shares of Ally Financial from $35.00 to $40.00 and gave the stock a “hold” rating in a research report on Thursday, January 23rd. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat, Ally Financial currently has a consensus rating of “Hold” and an average price target of $41.69.

Ally Financial Trading Down 0.6 %

Shares of ALLY stock opened at $33.01 on Tuesday. The company has a market capitalization of $10.14 billion, a price-to-earnings ratio of 12.70, a PEG ratio of 0.32 and a beta of 1.14. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 1.51. The firm has a 50-day moving average price of $33.95 and a 200 day moving average price of $35.98. Ally Financial Inc. has a twelve month low of $29.52 and a twelve month high of $45.46.

Ally Financial (NYSE:ALLY) last posted its quarterly earnings data 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 quarter in the previous year, the business posted $0.45 earnings per share. Research analysts forecast that Ally Financial Inc. will post 3.57 earnings per share for the current fiscal year.

Ally Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, May 15th. Shareholders of record on Thursday, May 1st will be paid a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.63%. The ex-dividend date is Thursday, May 1st. Ally Financial’s dividend payout ratio is presently 88.24%.

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.