Ally Financial Inc. $ALLY Stock: Assenagon Asset Management S.A. Lowers Stake

Key Points

• Assenagon Asset Management cut its Ally Financial stake by 99.1% in the third quarter, selling 887,219 shares and retaining 8,067 shares worth approximately $303,000. Institutional investors and hedge funds collectively own 88.76% of Ally’s stock.
• Analyst views remain mixed, but Ally carries a consensus “Moderate Buy” rating with an average price target of $48.21. Recent targets range from $40 to $52, while Zacks Research downgraded the stock to “strong sell.”
• Ally reported quarterly earnings of $1.34 per share on $2.35 billion in revenue, exceeding estimates and representing 6.1% year-over-year revenue growth. The company also raised its quarterly dividend from $0.30 to $0.35 per share, implying a 3.6% yield.

Assenagon Asset Management S.A. lowered its holdings in shares of Ally Financial Inc. (NYSE:ALLY - Free Report) by 99.1% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 8,067 shares of the financial services provider's stock after selling 887,219 shares during the quarter. Assenagon Asset Management S.A.'s holdings in Ally Financial were worth $303,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Mather Group LLC. increased its holdings in Ally Financial by 54.4% during the 3rd quarter. Mather Group LLC. now owns 1,192 shares of the financial services provider's stock worth $45,000 after purchasing an additional 420 shares in the last quarter. Fortitude Family Office LLC increased its stake in Ally Financial by 640.1% in the 3rd quarter. Fortitude Family Office LLC now owns 1,384 shares of the financial services provider's stock valued at $52,000 after buying an additional 1,197 shares during the last quarter. Krilogy Financial LLC lifted its position in Ally Financial by 14.0% during the 3rd quarter. Krilogy Financial LLC now owns 7,325 shares of the financial services provider's stock worth $278,000 after buying an additional 897 shares in the last quarter. Fragasso Financial Advisors Inc acquired a new position in shares of Ally Financial during the 3rd quarter worth about $231,000. Finally, NorthCrest Asset Manangement LLC boosted its stake in shares of Ally Financial by 119.5% during the 3rd quarter. NorthCrest Asset Manangement LLC now owns 16,619 shares of the financial services provider's stock worth $629,000 after buying an additional 9,046 shares during the last quarter. Institutional investors and hedge funds own 88.76% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on ALLY. Evercore set a $40.00 price target on Ally Financial in a research note on Wednesday. Zacks Research lowered Ally Financial from a "hold" rating to a "strong sell" rating in a research report on Tuesday, October 13th. Citigroup dropped their price objective on Ally Financial from $58.00 to $50.00 and set a "buy" rating on the stock in a research note on Friday, September 25th. Royal Bank Of Canada cut their price objective on Ally Financial from $55.00 to $50.00 and set an "outperform" rating for the company in a report on Friday, October 9th. Finally, Raymond James Financial cut their price objective on Ally Financial from $55.00 to $52.00 and set a "strong-buy" rating for the company in a report on Tuesday, October 6th. One equities research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, five have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $48.21.

Ally Financial Stock Down 0.6%

Shares of NYSE:ALLY opened at $39.08 on Friday. The firm has a market cap of $11.89 billion, a P/E ratio of 8.28, a P/E/G ratio of 0.30 and a beta of 1.11. The company has a quick ratio of 0.92, a current ratio of 0.94 and a debt-to-equity ratio of 1.45. Ally Financial Inc. has a 12-month low of $35.92 and a 12-month high of $47.29. The business has a fifty day simple moving average of $40.23 and a 200 day simple moving average of $42.64.

Ally Financial (NYSE:ALLY - Get Free Report) last released its quarterly earnings results on Tuesday, October 20th. The financial services provider reported $1.34 EPS for the quarter, beating analysts' consensus estimates of $1.33 by $0.01. The firm had revenue of $2.35 billion for the quarter, compared to analyst estimates of $2.31 billion. Ally Financial had a return on equity of 12.11% and a net margin of 16.84%. The business's revenue was up 6.1% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.15 EPS. Analysts predict that Ally Financial Inc. will post 4.97 earnings per share for the current year.

Ally Financial Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, November 16th. Investors of record on Monday, November 2nd will be paid a $0.35 dividend. This is an increase from Ally Financial's previous quarterly dividend of $0.30. This represents a $1.40 dividend on an annualized basis and a dividend yield of 3.6%. The ex-dividend date of this dividend is Monday, November 2nd. Ally Financial's payout ratio is presently 28.30%.

Insider Buying and Selling

In other news, insider Kathleen L. Patterson sold 12,831 shares of the business's stock in a transaction that occurred on Wednesday, October 21st. The shares were sold at an average price of $38.65, for a total value of $495,918.15. Following the transaction, the insider owned 67,781 shares in the company, valued at approximately $2,619,735.65. The trade was a 15.92% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Stephanie N. Richard sold 5,000 shares of the company's stock in a transaction on Tuesday, August 4th. The shares were sold at an average price of $44.23, for a total transaction of $221,150.00. Following the completion of the sale, the insider directly owned 88,927 shares in the company, valued at approximately $3,933,241.21. This represents a 5.32% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 0.46% of the stock is owned by insiders.

More Ally Financial News

Here are the key news stories impacting Ally Financial this week:

• Positive Sentiment: JPMorgan raised its price target for ALLY from $43 to $44 and maintained an “overweight” rating, signaling confidence in the company’s earnings outlook. JPMorgan Ally Financial Price Target
• Positive Sentiment: Ally’s latest quarter modestly exceeded expectations, with earnings of $1.34 per share versus the $1.33 consensus estimate and revenue of $2.35 billion, up 6.1% year over year. The company also increased its quarterly dividend to $0.35 from $0.30, supporting the stock’s income appeal.
• Neutral Sentiment: TD Cowen lowered its price target from $54 to $52 but retained a “buy” rating, while JPMorgan’s higher target contrasts with more cautious views elsewhere. The mixed analyst actions indicate continued disagreement over Ally’s risk-reward profile. TD Cowen Ally Financial Price Target
• Neutral Sentiment: Chief Revenue Officer Stephanie N. Richard and CFO Russell Hutchinson each withheld shares—9,032 and 21,074, respectively—to cover taxes on restricted-stock-unit vesting. These are typically administrative transactions rather than discretionary insider sales.
• Neutral Sentiment: Insider Kathleen Patterson sold 12,831 shares worth approximately $495,918, also to satisfy tax withholding obligations. Although the sale reduced her position by 15.92%, its stated purpose limits its value as a negative signal about management’s outlook. Ally Financial Insider Sale
• Negative Sentiment: Evercore ISI downgraded Ally from “outperform” to “in-line,” citing pressure on net interest margins and potential credit-cost increases. Rising auto-loan delinquencies and charge-offs could weigh on profitability even as loan originations grow. Evercore ISI Ally Financial Downgrade

Ally Financial Profile

Ally Financial Inc is a digital financial services company headquartered in Detroit, Michigan, and traded on the New York Stock Exchange under the symbol ALLY. The company primarily serves consumers, automotive dealers and businesses in the United States through online and branchless banking and financing platforms.

Ally's automotive finance business provides retail installment loans and leases to consumers and floorplan financing and other services to automotive dealers. Its consumer banking operations, conducted through Ally Bank, offer deposit products such as savings accounts, money market accounts and certificates of deposit, along with consumer lending products.

The company also provides credit cards and commercial financing, and offers investment and brokerage services through Ally Invest.

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