Ally Financial Inc. (NYSE:ALLY) is Ancient Art L.P.'s 3rd Largest Position

Ancient Art L.P. trimmed its holdings in Ally Financial Inc. (NYSE:ALLY - Free Report) by 8.0% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 2,060,007 shares of the financial services provider's stock after selling 177,983 shares during the quarter. Ally Financial comprises 15.8% of Ancient Art L.P.'s portfolio, making the stock its 3rd biggest holding. Ancient Art L.P. owned about 0.68% of Ally Financial worth $74,181,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of ALLY. Principal Securities Inc. grew its holdings in shares of Ally Financial by 89.4% in the fourth quarter. Principal Securities Inc. now owns 1,051 shares of the financial services provider's stock worth $38,000 after acquiring an additional 496 shares during the period. Kestra Investment Management LLC acquired a new stake in shares of Ally Financial in the 4th quarter valued at approximately $43,000. UMB Bank n.a. increased its position in shares of Ally Financial by 218.8% in the fourth quarter. UMB Bank n.a. now owns 1,546 shares of the financial services provider's stock worth $56,000 after acquiring an additional 1,061 shares in the last quarter. Harbour Investments Inc. boosted its stake in Ally Financial by 38.5% in the fourth quarter. Harbour Investments Inc. now owns 2,142 shares of the financial services provider's stock valued at $77,000 after acquiring an additional 595 shares during the period. Finally, Aster Capital Management DIFC Ltd purchased a new position in Ally Financial during the 4th quarter worth approximately $78,000. Institutional investors and hedge funds own 88.76% of the company's stock.

Ally Financial Stock Up 3.6 %

Ally Financial stock traded up $1.18 during trading hours on Thursday, hitting $33.69. 1,054,857 shares of the stock traded hands, compared to its average volume of 4,215,998. 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 firm's 50-day moving average price is $33.78 and its two-hundred day moving average price is $35.93. The company has a market cap of $10.35 billion, a PE ratio of 12.96, a PEG ratio of 0.32 and a beta of 1.14.

Ally Financial (NYSE:ALLY - Get Free Report) last issued its quarterly earnings data 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 company had revenue of $1.54 billion for the quarter, compared to analyst estimates of $2.04 billion. Ally Financial had a return on equity of 9.31% and a net margin of 11.29%. During the same quarter last year, the company posted $0.45 earnings per share. On average, research analysts forecast that Ally Financial Inc. will post 3.57 EPS for the current 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 given a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 3.56%. The ex-dividend date is Thursday, May 1st. Ally Financial's dividend payout ratio (DPR) is currently 88.24%.

Insiders Place Their Bets

In other Ally Financial news, insider Stephanie N. Richard sold 8,000 shares of the business's stock in a transaction on 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Russell E. Hutchinson purchased 8,200 shares of the business's stock in a transaction that occurred on Tuesday, April 22nd. The stock was bought at an average cost 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 in the company, 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. Insiders own 0.67% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the company. The Goldman Sachs Group raised their price objective on Ally Financial from $45.00 to $50.00 and gave the company a "buy" rating in a research report on Tuesday, April 1st. StockNews.com downgraded shares of Ally Financial from a "hold" rating to a "sell" rating in a research report on Wednesday. Morgan Stanley dropped their price target 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. 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 report on Tuesday, March 25th. Finally, Royal Bank of Canada reiterated an "outperform" rating and set a $40.00 price target on shares of Ally Financial in a report on Monday, April 21st. Three investment analysts have rated the stock with a sell rating, six have assigned a hold rating and ten have given a buy rating to the company's stock. According to MarketBeat, Ally Financial 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.