1834 Investment Advisors Co. Lowers Stock Position in Ally Financial Inc. $ALLY

Key Points

• 1834 Investment Advisors cut its stake in Ally by 52.3%, selling 110,852 shares and retaining 101,176 shares valued at about $4.58 million at quarter end.
• Ally beat Q4 estimates with EPS of $1.11 vs. $0.93 and revenue of $2.18 billion (up 36.4% YoY), and announced a $0.30 quarterly dividend (annualized $1.20, ~2.7% yield) payable May 15 with an ex-dividend date of May 1.
• Insider Douglas R. Timmerman sold 39,675 shares for roughly $1.79 million (a 7.67% reduction), while CFO Russell Hutchinson bought 11,566 shares for about $499k; institutional investors own ~88.8% of the stock and insiders ~0.46%.

1834 Investment Advisors Co. cut its stake in shares of Ally Financial Inc. (NYSE:ALLY - Free Report) by 52.3% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 101,176 shares of the financial services provider's stock after selling 110,852 shares during the quarter. 1834 Investment Advisors Co.'s holdings in Ally Financial were worth $4,582,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in ALLY. Kestra Private Wealth Services LLC lifted its stake in shares of Ally Financial by 1.5% during the 4th quarter. Kestra Private Wealth Services LLC now owns 226,386 shares of the financial services provider's stock valued at $10,253,000 after buying an additional 3,290 shares in the last quarter. Pictet Asset Management Holding SA raised its holdings in Ally Financial by 8.9% during the fourth quarter. Pictet Asset Management Holding SA now owns 42,892 shares of the financial services provider's stock valued at $1,943,000 after acquiring an additional 3,512 shares during the period. Inscription Capital LLC purchased a new position in shares of Ally Financial in the fourth quarter valued at about $273,000. Quent Capital LLC lifted its position in shares of Ally Financial by 301.0% in the fourth quarter. Quent Capital LLC now owns 12,029 shares of the financial services provider's stock valued at $545,000 after acquiring an additional 9,029 shares in the last quarter. Finally, Concurrent Investment Advisors LLC bought a new position in shares of Ally Financial in the fourth quarter worth about $1,894,000. 88.76% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Ally Financial

In other Ally Financial news, insider Douglas R. Timmerman sold 39,675 shares of the business's stock in a transaction that occurred on Friday, April 17th. The stock was sold at an average price of $45.17, for a total transaction of $1,792,119.75. Following the sale, the insider directly owned 477,627 shares of the company's stock, valued at $21,574,411.59. The trade was a 7.67% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Russell E. Hutchinson acquired 11,566 shares of the firm's stock in a transaction on Tuesday, January 27th. The shares were bought at an average price of $43.17 per share, for a total transaction of $499,304.22. Following the completion of the transaction, the chief financial officer owned 225,336 shares of the company's stock, valued at approximately $9,727,755.12. This trade represents a 5.41% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. 0.46% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on ALLY. TD Cowen restated a "buy" rating on shares of Ally Financial in a research note on Thursday, January 8th. Wall Street Zen upgraded shares of Ally Financial from a "hold" rating to a "buy" rating in a research report on Saturday. Truist Financial set a $54.00 target price on shares of Ally Financial in a report on Tuesday, April 21st. Barclays upped their target price on shares of Ally Financial from $54.00 to $56.00 and gave the stock an "equal weight" rating in a research report on Monday, April 20th. Finally, Evercore reaffirmed an "outperform" rating and set a $54.00 target price on shares of Ally Financial in a research note on Tuesday, April 21st. Thirteen investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $54.14.

Ally Financial Trading Up 0.1%

ALLY stock opened at $44.21 on Monday. The firm has a fifty day moving average price of $40.41 and a 200 day moving average price of $41.51. Ally Financial Inc. has a fifty-two week low of $31.45 and a fifty-two week high of $47.27. The firm has a market cap of $13.61 billion, a PE ratio of 10.78, a price-to-earnings-growth ratio of 0.27 and a beta of 1.14. The company has a debt-to-equity ratio of 1.31, a quick ratio of 0.93 and a current ratio of 0.93.

Ally Financial (NYSE:ALLY - Get Free Report) last released its quarterly earnings results on Friday, April 17th. The financial services provider reported $1.11 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.93 by $0.18. Ally Financial had a net margin of 16.47% and a return on equity of 11.41%. The company had revenue of $2.18 billion for the quarter, compared to the consensus estimate of $2.14 billion. During the same quarter in the prior year, the firm earned $0.58 earnings per share. Ally Financial's revenue was up 36.4% on a year-over-year basis. Sell-side analysts anticipate that Ally Financial Inc. will post 5.3 earnings per share for the current fiscal year.

Ally Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 15th. Stockholders of record on Friday, May 1st will be given a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 2.7%. The ex-dividend date is Friday, May 1st. Ally Financial's dividend payout ratio is currently 29.27%.

About Ally Financial

Ally Financial Inc is a leading digital financial services company headquartered in Detroit, Michigan. The company offers a comprehensive suite of banking, lending, and insurance products designed for retail and commercial customers. Through its online-only platform, Ally Bank provides checking and savings accounts, certificates of deposit, money market accounts, and home mortgages, emphasizing competitive rates and user-friendly mobile and web experiences.

In addition to its banking operations, Ally Financial is a major player in automotive financing and leasing.

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