Ally Financial Inc. (NYSE:ALLY) Shares Sold by BNP Paribas Financial Markets

BNP Paribas Financial Markets reduced its stake in shares of Ally Financial Inc. (NYSE:ALLY - Free Report) by 2.9% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 268,980 shares of the financial services provider's stock after selling 8,119 shares during the quarter. BNP Paribas Financial Markets owned approximately 0.09% of Ally Financial worth $9,686,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in ALLY. Meiji Yasuda Asset Management Co Ltd. lifted its stake in Ally Financial by 2.1% during the 4th quarter. Meiji Yasuda Asset Management Co Ltd. now owns 15,332 shares of the financial services provider's stock valued at $552,000 after acquiring an additional 320 shares during the period. Lido Advisors LLC raised its holdings in shares of Ally Financial by 5.9% during the fourth quarter. Lido Advisors LLC now owns 6,455 shares of the financial services provider's stock worth $232,000 after purchasing an additional 359 shares during the last quarter. Waterfront Wealth Inc. lifted its position in Ally Financial by 0.8% during the fourth quarter. Waterfront Wealth Inc. now owns 50,924 shares of the financial services provider's stock valued at $1,834,000 after purchasing an additional 389 shares during the period. Principal Securities Inc. boosted its holdings in Ally Financial by 89.4% in the fourth quarter. Principal Securities Inc. now owns 1,051 shares of the financial services provider's stock valued at $38,000 after purchasing an additional 496 shares during the last quarter. Finally, Daiwa Securities Group Inc. boosted its holdings in Ally Financial by 2.4% in the fourth quarter. Daiwa Securities Group Inc. now owns 21,409 shares of the financial services provider's stock valued at $771,000 after purchasing an additional 500 shares during the last quarter. 88.76% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the company. Jefferies Financial Group boosted their price objective on Ally Financial from $35.00 to $40.00 and gave the company a "hold" rating in a report on Thursday, January 23rd. The Goldman Sachs Group boosted their price target on Ally Financial from $45.00 to $50.00 and gave the company a "buy" rating in a report on Tuesday, April 1st. Compass Point upgraded Ally Financial from a "neutral" rating to a "buy" rating and upped their price objective for the stock from $37.00 to $41.00 in a research report on Monday, April 7th. Wells Fargo & Company dropped their price objective on shares of Ally Financial from $34.00 to $32.00 and set an "underweight" rating on the stock in a research note on Monday, April 21st. Finally, Morgan Stanley decreased their target price 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. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and ten have given a buy rating to the company. According to data from MarketBeat, Ally Financial has a consensus rating of "Hold" and a consensus price target of $41.69.

Ally Financial Price Performance

Shares of NYSE ALLY traded down $0.06 during trading on Thursday, hitting $35.72. The company had a trading volume of 2,431,396 shares, compared to its average volume of 3,558,293. The firm has a market capitalization of $10.97 billion, a price-to-earnings ratio of 13.74, a price-to-earnings-growth ratio of 0.32 and a beta of 1.14. The stock has a fifty day simple moving average of $33.81 and a two-hundred day simple moving average of $35.96. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 1.51. Ally Financial Inc. has a fifty-two week low of $29.52 and a fifty-two week high of $45.46.

Ally Financial (NYSE:ALLY - Get Free Report) last issued its quarterly earnings results on Thursday, April 17th. The financial services provider reported $0.58 earnings per share for the quarter, beating analysts' consensus estimates of $0.43 by $0.15. Ally Financial had a net margin of 11.29% and a return on equity of 9.31%. The firm had revenue of $1.54 billion for the quarter, compared to analyst estimates of $2.04 billion. During the same period last year, the company posted $0.45 EPS. On average, research analysts expect that Ally Financial Inc. will post 3.57 earnings per share for the current year.

Ally Financial Announces Dividend

The company also recently declared 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. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.36%. The ex-dividend date of this dividend is Thursday, May 1st. Ally Financial's dividend payout ratio is presently 88.24%.

Insider Buying and Selling

In other Ally Financial news, insider Stephanie N. Richard sold 8,000 shares of the firm's stock in a transaction that occurred on Wednesday, April 30th. The shares were sold at an average price of $32.14, for a total value of $257,120.00. Following the transaction, the insider now directly owns 90,387 shares of the company's stock, valued at $2,905,038.18. This trade represents a 8.13% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Russell E. Hutchinson bought 8,200 shares of the stock in a transaction dated Tuesday, April 22nd. The shares were bought at an average price of $30.81 per share, for a total transaction of $252,642.00. Following the completion of 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 ownership of the stock. The disclosure for this purchase can be found here. 0.56% 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.