Quantinno Capital Management LP Grows Stake in Ally Financial Inc. (NYSE:ALLY)

Quantinno Capital Management LP increased its stake in shares of Ally Financial Inc. (NYSE:ALLY) by 93.8% in the 4th quarter, Holdings Channel reports. The firm owned 62,193 shares of the financial services provider’s stock after purchasing an additional 30,098 shares during the period. Quantinno Capital Management LP’s holdings in Ally Financial were worth $2,240,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Park Avenue Securities LLC acquired a new position in shares of Ally Financial during the fourth quarter valued at approximately $230,000. Wealthcare Advisory Partners LLC purchased a new stake in shares of Ally Financial during the fourth quarter worth approximately $461,000. HB Wealth Management LLC purchased a new stake in shares of Ally Financial during the fourth quarter worth approximately $227,000. UMB Bank n.a. raised its stake in Ally Financial by 218.8% in the 4th quarter. UMB Bank n.a. now owns 1,546 shares of the financial services provider’s stock valued at $56,000 after purchasing an additional 1,061 shares during the last quarter. Finally, Harel Insurance Investments & Financial Services Ltd. lifted its holdings in Ally Financial by 55.8% in the 4th quarter. Harel Insurance Investments & Financial Services Ltd. now owns 4,720 shares of the financial services provider’s stock valued at $170,000 after purchasing an additional 1,690 shares in the last quarter. 88.76% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

ALLY has been the topic of a number of recent research reports. BTIG Research lowered shares of Ally Financial from a “neutral” rating to a “sell” rating and set a $30.00 price target on the stock. in a research report on Tuesday, March 25th. Jefferies Financial Group raised their target price on shares of Ally Financial from $35.00 to $40.00 and gave the stock a “hold” rating in a research note on Thursday, January 23rd. Wells Fargo & Company lowered their target price on Ally Financial from $34.00 to $32.00 and set an “underweight” rating on the stock in a report on Monday, April 21st. StockNews.com raised Ally Financial from a “sell” rating to a “hold” rating in a report on Thursday, May 15th. Finally, Truist Financial reduced their price objective on Ally Financial from $45.00 to $41.00 and set a “buy” rating on the stock in a research report on Tuesday, April 22nd. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and ten have given a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $41.69.

Ally Financial Stock Down 1.3%

Shares of ALLY opened at $35.63 on Wednesday. The company’s 50-day moving average price is $34.00 and its 200 day moving average price is $35.98. Ally Financial Inc. has a 12-month low of $29.52 and a 12-month high of $45.46. 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 market cap of $10.94 billion, a P/E ratio of 13.70, a price-to-earnings-growth ratio of 0.32 and a beta of 1.14.

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

Ally Financial Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, May 15th. Stockholders of record on Thursday, May 1st were issued a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 3.37%. The ex-dividend date was Thursday, May 1st. Ally Financial’s payout ratio is currently 88.24%.

Insider Activity

In other Ally Financial news, CFO Russell E. Hutchinson purchased 8,200 shares of Ally Financial stock in a transaction on Tuesday, April 22nd. The shares were bought at an average price of $30.81 per share, with a total value of $252,642.00. Following the completion of the acquisition, the chief financial officer now directly owns 236,421 shares of the company’s stock, valued at approximately $7,284,131.01. This trade represents a 3.59% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Stephanie N. Richard sold 8,000 shares of the company’s stock in a transaction dated 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 transaction, the insider now owns 90,387 shares in the company, valued at approximately $2,905,038.18. This trade represents a 8.13% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate 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.