Comerica Bank Decreases Position in Ally Financial Inc. (NYSE:ALLY)

Comerica Bank trimmed its stake in Ally Financial Inc. (NYSE:ALLY - Free Report) by 5.1% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 183,049 shares of the financial services provider's stock after selling 9,739 shares during the period. Comerica Bank owned about 0.06% of Ally Financial worth $6,592,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also added to or reduced their stakes in ALLY. Oak Thistle LLC purchased a new stake in Ally Financial in the fourth quarter worth about $1,112,000. Wealthcare Advisory Partners LLC purchased a new stake in shares of Ally Financial in the 4th quarter worth approximately $461,000. Franklin Resources Inc. boosted its stake in shares of Ally Financial by 184.7% during the third quarter. Franklin Resources Inc. now owns 532,090 shares of the financial services provider's stock valued at $19,044,000 after purchasing an additional 345,210 shares in the last quarter. New York State Common Retirement Fund increased its holdings in Ally Financial by 11.6% during the fourth quarter. New York State Common Retirement Fund now owns 189,643 shares of the financial services provider's stock valued at $6,829,000 after buying an additional 19,785 shares during the period. Finally, Kestra Private Wealth Services LLC raised its stake in Ally Financial by 16.1% in the fourth quarter. Kestra Private Wealth Services LLC now owns 147,933 shares of the financial services provider's stock worth $5,327,000 after buying an additional 20,569 shares in the last quarter. 88.76% of the stock is currently owned by institutional investors.

Insider Activity at Ally Financial

In other news, CFO Russell E. Hutchinson acquired 8,200 shares of the business's stock in a transaction on Tuesday, April 22nd. The stock was 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 owns 236,421 shares of the company's stock, valued at approximately $7,284,131.01. This represents a 3.59 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Stephanie N. Richard sold 8,000 shares of the stock in a transaction dated Wednesday, April 30th. The stock was sold at an average price of $32.14, for a total transaction of $257,120.00. Following the sale, the insider now directly owns 90,387 shares in the company, valued at approximately $2,905,038.18. The trade was a 8.13 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.67% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on the company. BTIG Research downgraded Ally Financial from a "neutral" rating to a "sell" rating and set a $30.00 price target on the stock. in a report on Tuesday, March 25th. Truist Financial reduced their target price on shares of Ally Financial from $45.00 to $41.00 and set a "buy" rating for the company in a report on Tuesday, April 22nd. The Goldman Sachs Group raised their price target on shares of Ally Financial from $45.00 to $50.00 and gave the company a "buy" rating in a report on Tuesday, April 1st. JPMorgan Chase & Co. decreased their target price on shares of Ally Financial from $43.00 to $36.00 and set an "overweight" rating for the company in a research report on Tuesday, April 8th. Finally, Morgan Stanley cut their price target on shares of Ally Financial from $45.00 to $39.00 and set an "outperform" rating on the stock in a 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. Three equities research analysts have rated the stock with a sell rating, six have given a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $41.69.

Ally Financial Stock Performance

ALLY traded up $1.10 during trading on Friday, reaching $34.60. 4,654,743 shares of the company's stock were exchanged, compared to its average volume of 3,563,745. 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 Inc. has a 1 year low of $29.52 and a 1 year high of $45.46. The company's fifty day simple moving average is $33.74 and its 200-day simple moving average is $35.93. The stock has a market capitalization of $10.63 billion, a P/E ratio of 13.31, a price-to-earnings-growth ratio of 0.32 and a beta of 1.14.

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. The firm had revenue of $1.54 billion during the quarter, compared to analysts' expectations of $2.04 billion. Ally Financial had a net margin of 11.29% and a return on equity of 9.31%. During the same quarter last year, the company posted $0.45 earnings per share. As a group, research analysts predict that Ally Financial Inc. will post 3.57 earnings per share for the current fiscal year.

Ally Financial Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, May 15th. Stockholders of record on Thursday, May 1st will be paid a $0.30 dividend. The ex-dividend date is Thursday, May 1st. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.47%. Ally Financial's payout ratio is 88.24%.

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.