Boothbay Fund Management LLC Invests $368,000 in Ally Financial Inc. (NYSE:ALLY)

Boothbay Fund Management LLC acquired a new stake in Ally Financial Inc. (NYSE:ALLY - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 10,213 shares of the financial services provider's stock, valued at approximately $368,000.

Other large investors have also recently added to or reduced their stakes in the company. Principal Securities Inc. increased its position in shares of Ally Financial by 89.4% during 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 position in Ally Financial during the 4th quarter worth $43,000. UMB Bank n.a. increased its holdings in Ally Financial by 218.8% during the 4th 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 period. Harbour Investments Inc. raised its position in Ally Financial by 38.5% in the 4th quarter. Harbour Investments Inc. now owns 2,142 shares of the financial services provider's stock valued at $77,000 after purchasing an additional 595 shares in the last quarter. Finally, Aster Capital Management DIFC Ltd purchased a new position in shares of Ally Financial in the 4th quarter valued at about $78,000. 88.76% of the stock is owned by hedge funds and other institutional investors.

Ally Financial Stock Performance

Ally Financial stock traded down $0.20 during trading hours on Monday, reaching $33.01. 2,681,835 shares of the stock were exchanged, compared to its average volume of 3,537,857. Ally Financial Inc. has a 52-week low of $29.52 and a 52-week high of $45.46. The stock has a market cap of $10.14 billion, a P/E ratio of 12.70, a P/E/G ratio of 0.32 and a beta of 1.14. The company has a debt-to-equity ratio of 1.51, a quick ratio of 0.93 and a current ratio of 0.93. The firm's 50 day moving average is $34.03 and its 200 day moving average is $35.99.

Ally Financial (NYSE:ALLY - Get Free Report) last posted its quarterly 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. 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 during the quarter, compared to analysts' expectations of $2.04 billion. During the same period in the prior year, the company posted $0.45 earnings per share. Analysts predict that Ally Financial Inc. will post 3.57 EPS for the current fiscal year.

Ally Financial Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, May 15th. Investors of record on Thursday, May 1st will be issued a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 3.63%. The ex-dividend date of this dividend is Thursday, May 1st. Ally Financial's dividend payout ratio is presently 88.24%.

Insiders Place Their Bets

In related news, insider Stephanie N. Richard sold 8,000 shares of the firm's stock in a transaction that occurred on Wednesday, April 30th. The stock was sold at an average price of $32.14, for a total value of $257,120.00. Following the completion of 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 at this hyperlink. Also, CFO Russell E. Hutchinson purchased 8,200 shares of the company's stock in a transaction dated Tuesday, April 22nd. The stock was purchased at an average price of $30.81 per share, with a total value of $252,642.00. Following the transaction, the chief financial officer now owns 236,421 shares of the company's stock, 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 currently owned by company insiders.

Analyst Ratings Changes

A number of brokerages recently issued reports on ALLY. StockNews.com downgraded shares of Ally Financial from a "buy" rating to a "hold" rating in a research note on Thursday, January 23rd. The Goldman Sachs Group raised their price target on Ally Financial from $45.00 to $50.00 and gave the company a "buy" rating in a research note on Tuesday, April 1st. JPMorgan Chase & Co. lowered their price objective on Ally Financial from $43.00 to $36.00 and set an "overweight" rating for the company in a research report on Tuesday, April 8th. Truist Financial cut their target price 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, Barclays upped their price target on Ally Financial from $36.00 to $44.00 and gave the company an "equal weight" rating in a report on Monday, January 6th. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and ten have issued a buy rating to the stock. According to MarketBeat.com, Ally Financial has an average rating of "Hold" and a consensus target price of $41.69.

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.