Algert Global LLC Takes Position in Ally Financial Inc. (NYSE:ALLY)

Algert Global LLC purchased a new stake in Ally Financial Inc. (NYSE:ALLY - Free Report) in the 4th quarter, according to its most recent disclosure with the SEC. The fund purchased 10,995 shares of the financial services provider's stock, valued at approximately $396,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. lifted its stake in shares of Ally Financial by 0.4% in the 4th quarter. Vanguard Group Inc. now owns 28,252,149 shares of the financial services provider's stock worth $1,017,360,000 after acquiring an additional 111,231 shares during the period. Geode Capital Management LLC raised its holdings in shares of Ally Financial by 3.9% during the fourth quarter. Geode Capital Management LLC now owns 4,895,467 shares of the financial services provider's stock valued at $175,990,000 after acquiring an additional 184,278 shares during the period. Northern Trust Corp raised its holdings in shares of Ally Financial by 28.0% during the fourth quarter. Northern Trust Corp now owns 3,941,459 shares of the financial services provider's stock valued at $141,932,000 after acquiring an additional 863,052 shares during the period. First Trust Advisors LP raised its holdings in shares of Ally Financial by 41.4% during the fourth quarter. First Trust Advisors LP now owns 3,458,352 shares of the financial services provider's stock valued at $124,535,000 after acquiring an additional 1,011,985 shares during the period. Finally, Phoenix Financial Ltd. increased its stake 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 period. 88.76% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the stock. Morgan Stanley dropped their price objective on shares of Ally Financial from $45.00 to $39.00 and set an "outperform" rating on the stock in a research note 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. The Goldman Sachs Group increased their price target on shares of Ally Financial from $45.00 to $50.00 and gave the stock a "buy" rating in a research note on Tuesday, April 1st. 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 note on Tuesday, March 25th. Royal Bank of Canada restated an "outperform" rating and set a $40.00 price target on shares of Ally Financial in a research note on Monday, April 21st. Finally, Jefferies Financial Group increased their price target 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. 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 stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $41.69.

Insider Buying and Selling at Ally Financial

In other news, insider Stephanie N. Richard sold 8,000 shares of Ally Financial 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 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 transaction was disclosed in a document filed 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 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 directly owns 236,421 shares of the company's stock, valued at $7,284,131.01. The trade was a 3.59% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 0.56% of the company's stock.

Ally Financial Trading Up 0.8%

Shares of NYSE ALLY traded up $0.28 during mid-day trading on Friday, hitting $36.03. The company's stock had a trading volume of 2,399,352 shares, compared to its average volume of 3,568,964. The company's fifty day simple moving average is $33.91 and its 200-day simple moving average is $35.98. Ally Financial Inc. has a one year low of $29.52 and a one year high of $45.46. The stock has a market cap of $11.07 billion, a price-to-earnings ratio of 13.86, a price-to-earnings-growth ratio of 0.32 and a beta of 1.14. The company has a debt-to-equity ratio of 1.51, a current ratio of 0.93 and a quick ratio of 0.93.

Ally Financial (NYSE:ALLY - Get Free Report) last announced its quarterly earnings results 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 firm had revenue of $1.54 billion for the quarter, compared to analyst estimates of $2.04 billion. During the same quarter in the previous year, the firm posted $0.45 earnings per share. On average, sell-side analysts anticipate that Ally Financial Inc. will post 3.57 earnings per share for the current fiscal year.

Ally Financial Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, May 15th. Shareholders of record on Thursday, May 1st were paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 3.33%. The ex-dividend date of this dividend was Thursday, May 1st. Ally Financial's payout ratio is currently 88.24%.

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.