Adage Capital Partners GP L.L.C. Increases Stake in Ally Financial Inc. (NYSE:ALLY)

Adage Capital Partners GP L.L.C. raised its position in shares of Ally Financial Inc. (NYSE:ALLY - Free Report) by 389.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 525,000 shares of the financial services provider's stock after buying an additional 417,829 shares during the quarter. Adage Capital Partners GP L.L.C. owned about 0.17% of Ally Financial worth $18,905,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of the business. Meiji Yasuda Asset Management Co Ltd. boosted its holdings in Ally Financial by 2.1% in the fourth quarter. Meiji Yasuda Asset Management Co Ltd. now owns 15,332 shares of the financial services provider's stock worth $552,000 after acquiring an additional 320 shares in the last quarter. Waterfront Wealth Inc. grew its position in Ally Financial by 0.8% during the 4th quarter. Waterfront Wealth Inc. now owns 50,924 shares of the financial services provider's stock valued at $1,834,000 after purchasing an additional 389 shares during the last quarter. Principal Securities Inc. increased its stake in Ally Financial by 89.4% during the 4th quarter. Principal Securities Inc. now owns 1,051 shares of the financial services provider's stock valued at $38,000 after purchasing an additional 496 shares in the last quarter. Daiwa Securities Group Inc. lifted its stake in shares of Ally Financial by 2.4% in the fourth quarter. Daiwa Securities Group Inc. now owns 21,409 shares of the financial services provider's stock worth $771,000 after buying an additional 500 shares in the last quarter. Finally, Harbour Investments Inc. grew its holdings in shares of Ally Financial by 38.5% during the fourth quarter. Harbour Investments Inc. now owns 2,142 shares of the financial services provider's stock valued at $77,000 after buying an additional 595 shares during the last quarter. Institutional investors own 88.76% of the company's stock.

Ally Financial Trading Down 0.8 %

ALLY traded down $0.25 during trading on Wednesday, hitting $32.65. 4,300,667 shares of the stock were exchanged, compared to its average volume of 3,542,059. Ally Financial Inc. has a 1 year low of $29.52 and a 1 year high of $45.46. The firm has a market cap of $10.03 billion, a price-to-earnings ratio of 12.56, a P/E/G ratio of 0.32 and a beta of 1.12. The firm has a 50 day simple moving average of $34.28 and a 200 day simple moving average of $36.05. The company has a debt-to-equity ratio of 1.51, a quick ratio of 0.93 and a current ratio of 0.93.

Ally Financial (NYSE:ALLY - Get Free Report) last issued its earnings results on Thursday, April 17th. The financial services provider reported $0.58 earnings per share (EPS) for the quarter, topping 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 company had revenue of $1.54 billion for the quarter, compared to analysts' expectations of $2.04 billion. During the same period in the prior year, the business earned $0.45 EPS. As a group, equities analysts expect that Ally Financial Inc. will post 3.57 EPS for the current year.

Ally Financial Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, May 15th. Investors of record on Thursday, May 1st will be issued a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 3.68%. The ex-dividend date is Thursday, May 1st. Ally Financial's payout ratio is 88.24%.

Insider Buying and Selling

In other news, CFO Russell E. Hutchinson bought 8,200 shares of Ally Financial stock in a transaction on Tuesday, April 22nd. The stock was acquired at an average cost of $30.81 per share, for a total transaction of $252,642.00. Following the completion of the acquisition, the chief financial officer now owns 236,421 shares of the company's stock, valued at $7,284,131.01. This trade represents a 3.59 % increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.67% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on ALLY shares. BTIG Research cut Ally Financial from a "neutral" rating to a "sell" rating and set a $30.00 price objective on the stock. in a research report on Tuesday, March 25th. Truist Financial lowered their target price 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, April 22nd. Jefferies Financial Group lifted 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. Compass Point upgraded shares of Ally Financial from a "neutral" rating to a "buy" rating and raised their target price for the stock from $37.00 to $41.00 in a report on Monday, April 7th. Finally, Morgan Stanley decreased their target price 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 assigned a buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $41.69.

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.