Concentric Capital Strategies LP Boosts Stock Holdings in Ally Financial Inc. (NYSE:ALLY)

Concentric Capital Strategies LP grew its position in shares of Ally Financial Inc. (NYSE:ALLY - Free Report) by 149.0% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 100,869 shares of the financial services provider's stock after purchasing an additional 60,364 shares during the quarter. Concentric Capital Strategies LP's holdings in Ally Financial were worth $3,632,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of the company. Principal Securities Inc. increased its stake in 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 during the period. Kestra Investment Management LLC bought a new position in Ally Financial in the fourth quarter worth about $43,000. UMB Bank n.a. raised its stake 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 buying an additional 1,061 shares in the last quarter. Harbour Investments Inc. raised its stake in 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 buying an additional 595 shares in the last quarter. Finally, Aster Capital Management DIFC Ltd purchased a new stake in Ally Financial in the fourth quarter worth $78,000. 88.76% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

ALLY has been the topic of several recent research reports. Truist Financial reduced their price target on Ally Financial from $45.00 to $41.00 and set a "buy" rating on the stock in a research note on Tuesday, April 22nd. JPMorgan Chase & Co. cut their target price 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. Morgan Stanley cut their target price on Ally Financial from $45.00 to $39.00 and set an "outperform" rating on the stock 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. Bank of America cut their price target on shares of Ally Financial from $42.00 to $38.00 and set a "buy" rating on the stock in a report on Monday, April 7th. Finally, Royal Bank of Canada reiterated an "outperform" rating and set a $40.00 price target on shares of Ally Financial in a report on Monday, April 21st. Three analysts have rated the stock with a sell rating, six have assigned a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat.com, Ally Financial has an average rating of "Hold" and a consensus price target of $41.69.

Insider Transactions at Ally Financial

In related news, CFO Russell E. Hutchinson bought 8,200 shares of the business's stock in a transaction that occurred on Tuesday, April 22nd. The stock was bought at an average cost of $30.81 per share, with a total value of $252,642.00. Following the completion of the purchase, the chief financial officer now owns 236,421 shares of the company's stock, valued at approximately $7,284,131.01. The trade was a 3.59% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Stephanie N. Richard sold 8,000 shares of the firm's stock in a transaction on Wednesday, April 30th. The shares were sold at an average price of $32.14, for a total transaction 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. The trade was a 8.13% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.67% of the company's stock.

Ally Financial Stock Performance

ALLY stock traded up $0.20 during trading on Tuesday, reaching $36.60. The stock had a trading volume of 845,292 shares, compared to its average volume of 3,556,200. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 1.51. Ally Financial Inc. has a 52 week low of $29.52 and a 52 week high of $45.46. The firm has a market cap of $11.24 billion, a PE ratio of 14.08, a PEG ratio of 0.32 and a beta of 1.14. The stock's 50 day moving average is $33.76 and its two-hundred day moving average is $35.96.

Ally Financial (NYSE:ALLY - Get Free Report) last released its quarterly earnings results on Thursday, April 17th. The financial services provider reported $0.58 earnings per share 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 business had revenue of $1.54 billion for 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 anticipate that Ally Financial Inc. will post 3.57 earnings per share for the current year.

Ally Financial Dividend Announcement

The business also recently disclosed 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 annualized dividend and a dividend yield of 3.28%. The ex-dividend date is Thursday, May 1st. Ally Financial's dividend payout ratio (DPR) is currently 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.