Ally Financial Inc. (NYSE:ALLY) Shares Sold by Basswood Capital Management L.L.C.

Basswood Capital Management L.L.C. lowered its position in Ally Financial Inc. (NYSE:ALLY - Free Report) by 73.1% in the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 107,282 shares of the financial services provider's stock after selling 290,901 shares during the period. Basswood Capital Management L.L.C.'s holdings in Ally Financial were worth $3,863,000 as of its most recent SEC filing.

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

Ally Financial Stock Up 0.0 %

Shares of ALLY traded up $0.01 during trading hours on Wednesday, hitting $32.55. The company had a trading volume of 2,169,973 shares, compared to its average volume of 3,538,591. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 1.51. The company 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 Inc. has a one year low of $29.52 and a one year high of $45.46. The company's fifty day moving average price is $33.87 and its two-hundred day moving average price is $35.95.

Ally Financial (NYSE:ALLY - Get Free Report) last announced its earnings results on Thursday, April 17th. The financial services provider reported $0.58 earnings per share 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 during the quarter, compared to the consensus estimate of $2.04 billion. During the same period last year, the firm earned $0.45 earnings per share. As a group, equities analysts forecast that Ally Financial Inc. will post 3.57 earnings per share for the current fiscal year.

Ally Financial Dividend Announcement

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 issued a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 3.69%. The ex-dividend date of this dividend is Thursday, May 1st. Ally Financial's dividend payout ratio is presently 88.24%.

Analysts Set New Price Targets

ALLY has been the subject of several analyst reports. Royal Bank of Canada restated an "outperform" rating and issued a $40.00 price objective on shares of Ally Financial in a research note on Monday, April 21st. BTIG Research lowered shares of Ally Financial from a "neutral" rating to a "sell" rating and set a $30.00 price objective for the company. in a research report on Tuesday, March 25th. Jefferies Financial Group upped their price objective on Ally Financial from $35.00 to $40.00 and gave the company a "hold" rating in a research report on Thursday, January 23rd. Wells Fargo & Company cut their target price on Ally Financial from $34.00 to $32.00 and set an "underweight" rating on the stock in a research report on Monday, April 21st. Finally, Morgan Stanley cut their price objective on shares of Ally Financial from $45.00 to $39.00 and set an "outperform" rating on the stock in a research 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. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and ten have issued a buy rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $41.69.

Insider Buying and Selling

In related news, CFO Russell E. Hutchinson purchased 8,200 shares of the company's stock in a transaction that occurred on Tuesday, April 22nd. The shares were purchased at an average price of $30.81 per share, with a total value of $252,642.00. Following the purchase, the chief financial officer now owns 236,421 shares of the company's stock, valued at $7,284,131.01. The trade was a 3.59 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Stephanie N. Richard sold 8,000 shares of the firm's stock in a transaction dated Wednesday, April 30th. The shares were sold at an average price of $32.14, for a total transaction of $257,120.00. Following the completion of the transaction, the insider now directly owns 90,387 shares in the company, valued at $2,905,038.18. This represents 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.

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.