Ally Financial Inc. (NYSE:ALLY) Stock Holdings Increased by Stifel Financial Corp

Stifel Financial Corp boosted its holdings in Ally Financial Inc. (NYSE:ALLY - Free Report) by 113.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 60,101 shares of the financial services provider's stock after purchasing an additional 31,915 shares during the quarter. Stifel Financial Corp's holdings in Ally Financial were worth $2,164,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Vanguard Group Inc. increased its holdings in Ally Financial by 0.4% in the fourth quarter. Vanguard Group Inc. now owns 28,252,149 shares of the financial services provider's stock valued at $1,017,360,000 after buying an additional 111,231 shares in the last quarter. Geode Capital Management LLC grew its holdings in Ally Financial by 3.9% in 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 purchasing an additional 184,278 shares during the last quarter. First Trust Advisors LP boosted its position in shares of Ally Financial by 41.4% in the 4th quarter. First Trust Advisors LP now owns 3,458,352 shares of the financial services provider's stock worth $124,535,000 after buying an additional 1,011,985 shares in the last quarter. Phoenix Financial Ltd. grew 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 acquiring an additional 1,571,027 shares during the last quarter. 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 valued at $117,382,000 after acquiring an additional 35,625 shares in the last quarter. Institutional investors and hedge funds own 88.76% of the company's stock.

Ally Financial Stock Performance

Shares of ALLY traded up $0.01 during midday trading on Wednesday, hitting $32.55. 2,169,973 shares of the stock traded hands, compared to its average volume of 3,538,591. 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 Inc. has a 1-year low of $29.52 and a 1-year high of $45.46. The business's 50 day moving average price is $33.87 and its two-hundred day moving average price is $35.95. The firm has a market capitalization of $10.00 billion, a PE ratio of 12.52, a price-to-earnings-growth ratio of 0.32 and a beta of 1.14.

Ally Financial (NYSE:ALLY - Get Free Report) last announced its quarterly earnings results on Thursday, April 17th. The financial services provider reported $0.58 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 company had revenue of $1.54 billion for the quarter, compared to analyst estimates of $2.04 billion. During the same quarter last year, the business earned $0.45 earnings per share. Equities research analysts predict that Ally Financial Inc. will post 3.57 EPS 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. Investors of record on Thursday, May 1st will be given a $0.30 dividend. The ex-dividend date of this dividend is Thursday, May 1st. This represents a $1.20 dividend on an annualized basis and a yield of 3.69%. Ally Financial's dividend payout ratio is presently 88.24%.

Insider Buying and Selling at Ally Financial

In related news, CFO Russell E. Hutchinson bought 8,200 shares of Ally Financial stock in a transaction dated Tuesday, April 22nd. The stock was acquired at an average cost 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 in the company, valued at approximately $7,284,131.01. This trade represents a 3.59 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider Stephanie N. Richard sold 8,000 shares of the business's stock in a transaction dated Wednesday, April 30th. The stock was sold at an average price of $32.14, for a total value of $257,120.00. Following the sale, the insider now owns 90,387 shares in the company, valued at approximately $2,905,038.18. The trade was a 8.13 % decrease in their position. The disclosure for this sale can be found here. 0.67% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on ALLY. 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. Wells Fargo & Company cut their price objective on shares of Ally Financial from $34.00 to $32.00 and set an "underweight" rating for the company in a research report on Monday, April 21st. Jefferies Financial Group boosted their price target on Ally Financial from $35.00 to $40.00 and gave the company a "hold" rating in a report on Thursday, January 23rd. Royal Bank of Canada restated an "outperform" rating and set a $40.00 price objective on shares of Ally Financial in a report on Monday, April 21st. Finally, JPMorgan Chase & Co. cut their price objective on shares of Ally Financial from $43.00 to $36.00 and set an "overweight" rating on the stock in a report on Tuesday, April 8th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target 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.