Handelsbanken Fonder AB Cuts Stock Position in Ally Financial Inc. (NYSE:ALLY)

Handelsbanken Fonder AB decreased its holdings in Ally Financial Inc. (NYSE:ALLY - Free Report) by 8.8% during the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 74,000 shares of the financial services provider's stock after selling 7,100 shares during the quarter. Handelsbanken Fonder AB's holdings in Ally Financial were worth $2,699,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in ALLY. Gladstone Institutional Advisory LLC bought a new position in Ally Financial in the 4th quarter valued at about $200,000. Van ECK Associates Corp bought a new stake in Ally Financial in the 4th quarter worth about $85,000. Principal Securities Inc. grew its position 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 in the last quarter. Atria Wealth Solutions Inc. grew its position in Ally Financial by 12.1% in the 4th quarter. Atria Wealth Solutions Inc. now owns 22,215 shares of the financial services provider's stock worth $800,000 after purchasing an additional 2,400 shares in the last quarter. Finally, Kestra Investment Management LLC bought a new stake in Ally Financial in the 4th quarter worth about $43,000. Institutional investors own 88.76% of the company's stock.

Insiders Place Their Bets

In other Ally Financial news, insider Stephanie N. Richard sold 8,000 shares of the 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 completion of the transaction, the insider now owns 90,387 shares in the company, valued at $2,905,038.18. This trade represents a 8.13% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Russell E. Hutchinson bought 8,200 shares of Ally Financial stock in a transaction dated Tuesday, April 22nd. The stock was purchased at an average cost of $30.81 per share, for a total transaction of $252,642.00. Following the purchase, the chief financial officer now owns 236,421 shares of the company's stock, valued at approximately $7,284,131.01. This trade represents a 3.59% increase in their position. The disclosure for this purchase can be found here. Corporate insiders own 0.56% of the company's stock.

Wall Street Analyst Weigh In

ALLY has been the subject of a number of research reports. Wells Fargo & Company reduced their target price 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. The Goldman Sachs Group increased their target price on shares of Ally Financial from $45.00 to $50.00 and gave the company a "buy" rating in a research report on Tuesday, April 1st. Morgan Stanley reduced their target price on shares of Ally Financial from $45.00 to $39.00 and set an "outperform" rating for the company in a research report 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. JPMorgan Chase & Co. cut their price objective on shares of Ally Financial from $43.00 to $36.00 and set an "overweight" rating for the company in a report on Tuesday, April 8th. Finally, Wall Street Zen raised shares of Ally Financial from a "sell" rating to a "hold" rating in a report on Friday, May 23rd. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and ten have given a buy rating to the company's stock. According to MarketBeat.com, Ally Financial presently has an average rating of "Hold" and a consensus price target of $41.88.

Ally Financial Trading Down 1.4%

Ally Financial stock traded down $0.50 during trading hours on Tuesday, reaching $36.12. The stock had a trading volume of 3,503,283 shares, compared to its average volume of 3,766,543. The company has a fifty day simple moving average of $34.19 and a 200-day simple moving average of $35.73. The stock has a market cap of $11.09 billion, a PE ratio of 26.56, a PEG ratio of 0.34 and a beta of 1.14. The company has a debt-to-equity ratio of 1.38, a current ratio of 0.90 and a quick ratio of 0.90. Ally Financial Inc. has a 52 week low of $29.52 and a 52 week high of $45.46.

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 for the quarter, beating analysts' consensus estimates of $0.43 by $0.15. The firm had revenue of $1.54 billion for the quarter, compared to analyst estimates of $2.04 billion. Ally Financial had a net margin of 6.96% and a return on equity of 9.53%. During the same quarter in the previous year, the firm posted $0.45 EPS. Analysts forecast that Ally Financial Inc. will post 3.57 EPS for the current fiscal year.

Ally Financial Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, May 15th. Shareholders of record on Thursday, May 1st were issued a $0.30 dividend. The ex-dividend date of this dividend was Thursday, May 1st. This represents a $1.20 annualized dividend and a yield of 3.32%. Ally Financial's dividend payout ratio (DPR) is presently 88.24%.

Ally Financial Company 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.