Renaissance Technologies LLC Grows Holdings in Ally Financial Inc. (NYSE:ALLY)

Renaissance Technologies LLC lifted its position in Ally Financial Inc. (NYSE:ALLY - Free Report) by 70.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 127,300 shares of the financial services provider's stock after acquiring an additional 52,400 shares during the period. Renaissance Technologies LLC's holdings in Ally Financial were worth $4,584,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the company. Bank of Nova Scotia raised its stake in Ally Financial by 63.9% during the 4th quarter. Bank of Nova Scotia now owns 140,342 shares of the financial services provider's stock worth $5,054,000 after buying an additional 54,709 shares during the period. Invesco Ltd. increased its stake in Ally Financial by 27.0% during the 4th quarter. Invesco Ltd. now owns 2,272,243 shares of the financial services provider's stock worth $81,823,000 after purchasing an additional 483,063 shares in the last quarter. Polymer Capital Management US LLC acquired a new stake in Ally Financial during the 4th quarter worth approximately $352,000. Cerity Partners LLC boosted its stake in Ally Financial by 11.7% in the 4th quarter. Cerity Partners LLC now owns 18,411 shares of the financial services provider's stock worth $661,000 after purchasing an additional 1,923 shares during the period. Finally, FMR LLC increased its holdings in Ally Financial by 1.1% during the 4th quarter. FMR LLC now owns 3,259,705 shares of the financial services provider's stock worth $117,382,000 after purchasing an additional 35,625 shares in the last quarter. Institutional investors own 88.76% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts have recently commented on ALLY shares. Royal Bank of Canada reissued an "outperform" rating and issued a $40.00 price objective on shares of Ally Financial in a report on Monday, April 21st. JPMorgan Chase & Co. reduced their price objective on Ally Financial from $43.00 to $36.00 and set an "overweight" rating for the company in a report on Tuesday, April 8th. The Goldman Sachs Group lifted their price target on Ally Financial from $45.00 to $50.00 and gave the stock a "buy" rating in a report on Tuesday, April 1st. Truist Financial decreased their price target on shares of Ally Financial from $45.00 to $41.00 and set a "buy" rating on the stock in a research note on Tuesday. Finally, Morgan Stanley dropped their price objective on shares of Ally Financial from $45.00 to $39.00 and set an "outperform" rating for the company 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. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and ten have issued a buy rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $41.69.

Insider Activity at Ally Financial

In other news, CEO Michael George Rhodes bought 25,634 shares of the business's stock in a transaction that occurred on Monday, January 27th. The shares were bought at an average cost of $39.09 per share, for a total transaction of $1,002,033.06. Following the acquisition, the chief executive officer now directly owns 25,634 shares in the company, valued at approximately $1,002,033.06. This trade represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Russell E. Hutchinson acquired 8,200 shares of the stock in a transaction on Tuesday, April 22nd. The shares were acquired at an average price of $30.81 per share, for a total transaction of $252,642.00. Following the acquisition, the chief financial officer now owns 236,421 shares of the company's stock, valued at approximately $7,284,131.01. The trade was a 3.59 % increase in their position. The disclosure for this purchase can be found here. 0.67% of the stock is owned by corporate insiders.

Ally Financial Trading Down 0.7 %

ALLY stock traded down $0.24 during trading on Friday, hitting $32.95. The company had a trading volume of 4,237,971 shares, compared to its average volume of 3,532,021. 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 one year low of $29.52 and a one year high of $45.46. The business has a 50-day moving average of $34.52 and a 200-day moving average of $36.08. The stock has a market cap of $10.12 billion, a PE ratio of 12.67, a PEG ratio of 0.32 and a beta of 1.12.

Ally Financial (NYSE:ALLY - Get Free Report) last released its earnings results on Thursday, April 17th. The financial services provider reported $0.58 earnings per share (EPS) for the quarter, beating the consensus estimate 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 for the quarter, compared to analyst estimates of $2.04 billion. During the same quarter in the previous year, the business earned $0.45 earnings per share. Research analysts predict that Ally Financial Inc. will post 3.57 earnings per share for the current fiscal year.

Ally Financial Announces Dividend

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 issued a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.64%. The ex-dividend date of this dividend is Thursday, May 1st. Ally Financial's payout ratio is 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.