Ally Financial Inc. (NYSE:ALLY) Shares Purchased by Brevan Howard Capital Management LP

Brevan Howard Capital Management LP grew its holdings in shares of Ally Financial Inc. (NYSE:ALLY - Free Report) by 262.0% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 75,854 shares of the financial services provider's stock after purchasing an additional 54,898 shares during the period. Brevan Howard Capital Management LP's holdings in Ally Financial were worth $2,732,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Principal Securities Inc. increased its holdings 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 purchased a new position in Ally Financial during the fourth quarter valued at $43,000. UMB Bank n.a. grew its stake in shares of 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 valued at $56,000 after acquiring an additional 1,061 shares during the period. Harbour Investments Inc. increased its stake 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 purchasing an additional 595 shares in the last quarter. Finally, Aster Capital Management DIFC Ltd bought a new stake in Ally Financial during the fourth quarter valued at about $78,000. 88.76% of the stock is owned by institutional investors.

Insider Activity at Ally Financial

In related 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 completion of the transaction, the insider now directly owns 90,387 shares of the company's stock, valued at $2,905,038.18. The trade was 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 acquired 8,200 shares of Ally Financial stock in a transaction dated Tuesday, April 22nd. The stock was purchased 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 directly owns 236,421 shares in the company, valued at approximately $7,284,131.01. This represents a 3.59 % increase in their position. The disclosure for this purchase can be found here. 0.67% of the stock is currently owned by insiders.

Ally Financial Price Performance

Ally Financial stock traded up $1.10 during midday trading on Friday, reaching $34.60. The company had a trading volume of 4,654,743 shares, compared to its average volume of 3,563,745. Ally Financial Inc. has a 12-month low of $29.52 and a 12-month high of $45.46. The firm's fifty day simple moving average is $33.74 and its 200-day simple moving average is $35.93. The company has a debt-to-equity ratio of 1.51, a current ratio of 0.93 and a quick ratio of 0.93. The company has a market capitalization of $10.63 billion, a P/E ratio of 13.31, a P/E/G ratio of 0.32 and a beta of 1.14.

Ally Financial (NYSE:ALLY - Get Free Report) last announced its quarterly earnings data on Thursday, April 17th. The financial services provider reported $0.58 earnings per share (EPS) 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 analysts' expectations of $2.04 billion. During the same quarter in the prior year, the company earned $0.45 EPS. As a group, equities analysts anticipate that Ally Financial Inc. will post 3.57 EPS for the current year.

Ally Financial Dividend Announcement

The company also recently announced 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. The ex-dividend date is Thursday, May 1st. This represents a $1.20 annualized dividend and a yield of 3.47%. Ally Financial's payout ratio is 88.24%.

Analyst Upgrades and Downgrades

ALLY has been the topic of several research analyst reports. Truist Financial decreased their price target on shares of Ally Financial from $45.00 to $41.00 and set a "buy" rating on the stock in a research note on Tuesday, April 22nd. Jefferies Financial Group raised their target price on shares of Ally Financial from $35.00 to $40.00 and gave the stock a "hold" rating in a report on Thursday, January 23rd. StockNews.com cut Ally Financial from a "hold" rating to a "sell" rating in a report on Wednesday. JPMorgan Chase & Co. dropped their target price on shares of Ally Financial from $43.00 to $36.00 and set an "overweight" rating on the stock in a research note on Tuesday, April 8th. Finally, Wells Fargo & Company decreased their price objective on Ally Financial from $34.00 to $32.00 and set an "underweight" rating for the company in a report on Monday, April 21st. Three research analysts have rated the stock with a sell rating, six have assigned a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat.com, Ally Financial presently has a consensus rating of "Hold" and a consensus target price of $41.69.

Ally Financial 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.