MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Purchases 17,450 Shares of Ally Financial Inc. (NYSE:ALLY)

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in Ally Financial Inc. (NYSE:ALLY - Free Report) by 49.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 53,002 shares of the financial services provider's stock after acquiring an additional 17,450 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.'s holdings in Ally Financial were worth $1,909,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the stock. EP Wealth Advisors LLC lifted its stake in Ally Financial by 4.9% in the fourth quarter. EP Wealth Advisors LLC now owns 6,367 shares of the financial services provider's stock valued at $229,000 after buying an additional 297 shares during the period. Meiji Yasuda Asset Management Co Ltd. lifted its stake in Ally Financial by 2.1% in the fourth quarter. Meiji Yasuda Asset Management Co Ltd. now owns 15,332 shares of the financial services provider's stock valued at $552,000 after buying an additional 320 shares during the period. Lido Advisors LLC lifted its stake in Ally Financial by 5.9% in the fourth quarter. Lido Advisors LLC now owns 6,455 shares of the financial services provider's stock valued at $232,000 after buying an additional 359 shares during the period. Waterfront Wealth Inc. lifted its stake in Ally Financial by 0.8% in the fourth quarter. Waterfront Wealth Inc. now owns 50,924 shares of the financial services provider's stock valued at $1,834,000 after buying an additional 389 shares during the period. Finally, Principal Securities Inc. lifted its stake in Ally Financial by 89.4% in the fourth quarter. Principal Securities Inc. now owns 1,051 shares of the financial services provider's stock valued at $38,000 after buying an additional 496 shares during the period. 88.76% of the stock is currently owned by institutional investors.

Ally Financial Stock Down 0.9%

NYSE ALLY traded down $0.32 on Wednesday, reaching $34.46. The company had a trading volume of 355,495 shares, compared to its average volume of 3,567,696. The stock has a market capitalization of $10.59 billion, a P/E ratio of 13.27, a P/E/G ratio of 0.32 and a beta of 1.14. The company's fifty day moving average is $33.90 and its 200 day moving average is $35.89. Ally Financial Inc. has a 52-week low of $29.52 and a 52-week high of $45.46. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 1.51.

Ally Financial (NYSE:ALLY - Get Free Report) last announced its earnings results 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 return on equity of 9.31% and a net margin of 11.29%. The firm had revenue of $1.54 billion during the quarter, compared to analyst estimates of $2.04 billion. During the same period last year, the firm posted $0.45 EPS. Sell-side analysts anticipate that Ally Financial Inc. will post 3.57 earnings per share for the current fiscal year.

Ally Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, May 15th. Stockholders of record on Thursday, May 1st were given a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 3.48%. The ex-dividend date was Thursday, May 1st. Ally Financial's dividend payout ratio is presently 88.24%.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on the company. BTIG Research lowered Ally Financial from a "neutral" rating to a "sell" rating and set a $30.00 price target on the stock. in a research note on Tuesday, March 25th. Truist Financial cut their target price on Ally Financial from $45.00 to $41.00 and set a "buy" rating on the stock in a report on Tuesday, April 22nd. The Goldman Sachs Group increased their target price on Ally Financial from $45.00 to $50.00 and gave the stock a "buy" rating in a report on Tuesday, April 1st. Bank of America cut their target price on Ally Financial from $42.00 to $38.00 and set a "buy" rating on the stock in a report on Monday, April 7th. Finally, Wall Street Zen upgraded Ally Financial from a "sell" rating to a "hold" rating in a report on Friday, May 23rd. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and an average target price of $41.69.

Insider Activity

In other news, insider Stephanie N. Richard sold 8,000 shares of the 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 owns 90,387 shares in the company, valued at approximately $2,905,038.18. This represents a 8.13% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Russell E. Hutchinson purchased 8,200 shares of the business's stock in a transaction dated Tuesday, April 22nd. The shares were purchased at an average price of $30.81 per share, with a total value of $252,642.00. Following the purchase, the chief financial officer now directly owns 236,421 shares in the company, valued at $7,284,131.01. This trade represents a 3.59% increase in their position. The disclosure for this purchase can be found here. Insiders own 0.67% of the company's stock.

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.