Banco Bilbao Vizcaya Argentaria S.A. Sells 14,321 Shares of Ally Financial Inc. (NYSE:ALLY)

Banco Bilbao Vizcaya Argentaria S.A. lowered its position in Ally Financial Inc. (NYSE:ALLY - Free Report) by 47.1% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 16,067 shares of the financial services provider's stock after selling 14,321 shares during the period. Banco Bilbao Vizcaya Argentaria S.A.'s holdings in Ally Financial were worth $581,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Norges Bank acquired a new stake in Ally Financial in the 4th quarter worth approximately $75,483,000. Assenagon Asset Management S.A. lifted its stake in shares of Ally Financial by 233.4% in the fourth quarter. Assenagon Asset Management S.A. now owns 2,430,128 shares of the financial services provider's stock worth $87,509,000 after buying an additional 1,701,264 shares during the last quarter. Phoenix Financial Ltd. boosted its holdings in shares of Ally Financial by 86.4% during the 4th quarter. Phoenix Financial Ltd. now owns 3,390,066 shares of the financial services provider's stock worth $122,077,000 after buying an additional 1,571,027 shares during the period. ANTIPODES PARTNERS Ltd grew its stake in Ally Financial by 75.6% in the 4th quarter. ANTIPODES PARTNERS Ltd now owns 2,956,037 shares of the financial services provider's stock valued at $106,455,000 after buying an additional 1,272,853 shares during the last quarter. Finally, First Trust Advisors LP raised its holdings in 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 acquiring an additional 1,011,985 shares during the period. 88.76% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Ally Financial

In other Ally Financial news, insider Stephanie N. Richard sold 8,000 shares of the company's stock in a transaction dated Wednesday, April 30th. The shares were 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. This represents a 8.13 % decrease in their ownership of the stock. The sale 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 company's stock in a transaction dated 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 completion of the transaction, the chief financial officer now owns 236,421 shares in the company, valued at approximately $7,284,131.01. This represents a 3.59 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 0.67% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

ALLY has been the subject of several research analyst reports. Bank of America cut their price objective on Ally Financial from $42.00 to $38.00 and set a "buy" rating for the company in a research report on Monday, April 7th. Jefferies Financial Group boosted their target price on shares of Ally Financial from $35.00 to $40.00 and gave the company a "hold" rating in a research note on Thursday, January 23rd. Wells Fargo & Company lowered their target price on Ally Financial from $34.00 to $32.00 and set an "underweight" rating for the company in a research note on Monday, April 21st. Truist Financial decreased 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. Finally, JPMorgan Chase & Co. dropped their price objective on Ally Financial from $43.00 to $36.00 and set an "overweight" rating on the stock in a research note on Tuesday, April 8th. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and ten have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $41.69.

Ally Financial Trading Up 2.8 %

NYSE:ALLY traded up $0.92 during trading hours on Friday, reaching $33.21. The company's stock had a trading volume of 2,263,449 shares, compared to its average volume of 3,531,087. The firm has a market capitalization of $10.20 billion, a price-to-earnings ratio of 12.77, a PEG ratio of 0.32 and a beta of 1.12. The firm has a 50-day simple moving average of $34.10 and a 200-day simple moving average of $36.00. 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.

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 for 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 business earned $0.45 earnings per share. Research analysts expect that Ally Financial Inc. will post 3.57 EPS for the current fiscal year.

Ally Financial Dividend Announcement

The firm 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 dividend of $0.30 per share. The ex-dividend date is Thursday, May 1st. This represents a $1.20 annualized dividend and a dividend yield of 3.61%. Ally Financial's dividend payout ratio (DPR) is presently 88.24%.

About Ally Financial

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.