Point72 Asia Singapore Pte. Ltd. Raises Stock Position in Ally Financial Inc. (NYSE:ALLY)

Point72 Asia Singapore Pte. Ltd. grew its holdings in shares of Ally Financial Inc. (NYSE:ALLY) by 223.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 11,319 shares of the financial services provider’s stock after buying an additional 7,824 shares during the quarter. Point72 Asia Singapore Pte. Ltd.’s holdings in Ally Financial were worth $408,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in ALLY. Assenagon Asset Management S.A. lifted its stake in shares of Ally Financial by 233.4% in the 4th quarter. Assenagon Asset Management S.A. now owns 2,430,128 shares of the financial services provider’s stock valued at $87,509,000 after purchasing an additional 1,701,264 shares during the last quarter. Park Avenue Securities LLC purchased a new stake in Ally Financial during the 4th quarter valued at $230,000. Wealthcare Advisory Partners LLC bought a new stake in Ally Financial in the fourth quarter worth $461,000. HB Wealth Management LLC bought a new stake in Ally Financial in the fourth quarter worth $227,000. Finally, UMB Bank n.a. boosted its stake in Ally Financial by 218.8% during the fourth quarter. UMB Bank n.a. now owns 1,546 shares of the financial services provider’s stock worth $56,000 after buying an additional 1,061 shares during the period. Institutional investors own 88.76% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently issued reports on ALLY. JPMorgan Chase & Co. lowered their target price on shares of Ally Financial from $43.00 to $36.00 and set an “overweight” rating for the company in a report on Tuesday, April 8th. Truist Financial dropped their target price 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. BTIG Research cut Ally Financial from a “neutral” rating to a “sell” rating and set a $30.00 target price on the stock. in a research note on Tuesday, March 25th. StockNews.com upgraded Ally Financial from a “sell” rating to a “hold” rating in a report on Thursday. Finally, Morgan Stanley cut their price objective 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. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and ten have given a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $41.69.

Ally Financial Trading Down 0.2%

NYSE ALLY opened at $35.72 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. The company’s 50-day simple moving average is $33.86 and its two-hundred day simple moving average is $35.96. Ally Financial Inc. has a one year low of $29.52 and a one year high of $45.46. The company has a market capitalization of $10.97 billion, a price-to-earnings ratio of 13.74, a price-to-earnings-growth ratio of 0.32 and a beta of 1.14.

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

Ally Financial Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, May 15th. Shareholders of record on Thursday, May 1st were given a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 3.36%. The ex-dividend date was Thursday, May 1st. Ally Financial’s payout ratio is 88.24%.

Insider Activity

In other Ally Financial news, insider Stephanie N. Richard sold 8,000 shares of the firm’s stock in a transaction that occurred 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 completion of the sale, the insider now directly owns 90,387 shares in the company, valued at $2,905,038.18. This trade 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 the SEC website. Also, CFO Russell E. Hutchinson acquired 8,200 shares of the stock in a transaction dated Tuesday, April 22nd. The stock was acquired at an average cost of $30.81 per share, with a total value of $252,642.00. Following the transaction, the chief financial officer now directly owns 236,421 shares in the company, valued at approximately $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. Company insiders own 0.56% of the company’s stock.

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.