Janney Montgomery Scott LLC lifted its position in Ally Financial Inc. (NYSE:ALLY - Free Report) by 56.3% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 67,630 shares of the financial services provider's stock after acquiring an additional 24,372 shares during the period. Janney Montgomery Scott LLC's holdings in Ally Financial were worth $2,466,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other large investors have also recently made changes to their positions in the company. Norges Bank purchased a new position in Ally Financial during the fourth quarter worth approximately $75,483,000. Jacobs Levy Equity Management Inc. raised its stake in Ally Financial by 84.0% during the fourth quarter. Jacobs Levy Equity Management Inc. now owns 4,202,179 shares of the financial services provider's stock worth $151,320,000 after purchasing an additional 1,918,965 shares during the period. Phoenix Financial Ltd. increased its holdings in shares of Ally Financial by 86.4% during the 4th quarter. Phoenix Financial Ltd. now owns 3,390,066 shares of the financial services provider's stock worth $122,077,000 after buying an additional 1,571,027 shares during the last quarter. Janus Henderson Group PLC grew its position in Ally Financial by 6,226.4% in the fourth quarter. Janus Henderson Group PLC now owns 1,368,654 shares of the financial services provider's stock worth $49,285,000 after acquiring an additional 1,347,020 shares during the period. Finally, ANTIPODES PARTNERS Ltd grew its position in Ally Financial by 75.6% in the fourth quarter. ANTIPODES PARTNERS Ltd now owns 2,956,037 shares of the financial services provider's stock worth $106,455,000 after acquiring an additional 1,272,853 shares during the period. 88.76% of the stock is currently owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
A number of brokerages recently issued reports on ALLY. Wall Street Zen raised Ally Financial from a "sell" rating to a "hold" rating in a research report on Friday, May 23rd. Wells Fargo & Company dropped their price target on shares of Ally Financial from $34.00 to $32.00 and set an "underweight" rating for the company in a research report on Monday, April 21st. Bank of America lowered their price target on Ally Financial from $42.00 to $38.00 and set a "buy" rating for the company in a research report on Monday, April 7th. Morgan Stanley dropped their price objective on Ally Financial from $45.00 to $39.00 and set an "outperform" rating for the company 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. Finally, JPMorgan Chase & Co. decreased 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. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and ten have assigned a buy rating to the company's stock. Based on data from MarketBeat, Ally Financial presently has a consensus rating of "Hold" and an average target price of $41.88.
Check Out Our Latest Research Report on Ally Financial
Insider Transactions at Ally Financial
In other news, insider Stephanie N. Richard sold 8,000 shares of the business's stock in a transaction that occurred on Wednesday, April 30th. The shares were 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 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 transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Russell E. Hutchinson purchased 8,200 shares of the business's stock in a transaction on Tuesday, April 22nd. The stock was acquired at an average price of $30.81 per share, with a total value 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 $7,284,131.01. The trade was a 3.59% increase in their position. The disclosure for this purchase can be found here. Corporate insiders own 0.67% of the company's stock.
Ally Financial Stock Performance
NYSE:ALLY traded up $0.15 during midday trading on Friday, reaching $38.93. The stock had a trading volume of 4,133,130 shares, compared to its average volume of 3,794,875. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 1.38. The stock has a market cap of $11.96 billion, a P/E ratio of 28.63, a P/E/G ratio of 0.36 and a beta of 1.14. The firm has a fifty day simple moving average of $34.92 and a two-hundred day simple moving average of $35.69. Ally Financial Inc. has a 12-month low of $29.52 and a 12-month high of $45.46.
Ally Financial (NYSE:ALLY - Get Free Report) last issued its earnings results on Thursday, April 17th. The financial services provider reported $0.58 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.43 by $0.15. Ally Financial had a return on equity of 9.53% and a net margin of 6.96%. The business had revenue of $1.54 billion during the quarter, compared to the consensus estimate of $2.04 billion. During the same period in the prior year, the business posted $0.45 EPS. On average, equities analysts expect that Ally Financial Inc. will post 3.57 EPS for the current year.
Ally Financial Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Thursday, May 15th. Shareholders of record on Thursday, May 1st were given a dividend of $0.30 per share. The ex-dividend date of this dividend was Thursday, May 1st. This represents a $1.20 annualized dividend and a yield of 3.08%. Ally Financial's payout ratio is currently 88.24%.
Ally Financial Profile
(
Free Report)
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.
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