Y Intercept Hong Kong Ltd Has $1.08 Million Position in Ally Financial Inc. (NYSE:ALLY)

Y Intercept Hong Kong Ltd lowered its holdings in Ally Financial Inc. (NYSE:ALLY - Free Report) by 39.3% in the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 29,591 shares of the financial services provider's stock after selling 19,179 shares during the period. Y Intercept Hong Kong Ltd's holdings in Ally Financial were worth $1,079,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently bought and sold shares of ALLY. Raymond James Financial Inc. acquired a new position in Ally Financial in the fourth quarter worth $2,337,000. Envestnet Portfolio Solutions Inc. acquired a new position in shares of Ally Financial in the 4th quarter valued at about $209,000. American Century Companies Inc. grew its position in shares of Ally Financial by 5.0% during the 4th quarter. American Century Companies Inc. now owns 502,925 shares of the financial services provider's stock valued at $18,110,000 after buying an additional 23,898 shares during the last quarter. KLP Kapitalforvaltning AS acquired a new stake in Ally Financial during the fourth quarter worth about $3,037,000. Finally, LPL Financial LLC lifted its holdings in Ally Financial by 20.1% in the fourth quarter. LPL Financial LLC now owns 104,903 shares of the financial services provider's stock worth $3,778,000 after acquiring an additional 17,582 shares during the last quarter. 88.76% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

ALLY has been the topic of a number of recent research reports. JPMorgan Chase & Co. raised their target price on Ally Financial from $44.00 to $45.00 and gave the company an "overweight" rating in a research note on Monday. BTIG Research raised shares of Ally Financial from a "sell" rating to a "neutral" rating in a research note on Monday, July 14th. Royal Bank Of Canada reaffirmed an "outperform" rating on shares of Ally Financial in a report on Monday, July 14th. Truist Financial increased their price objective on Ally Financial from $44.00 to $45.00 and gave the stock a "buy" rating in a report on Thursday. Finally, Compass Point raised Ally Financial from a "neutral" rating to a "buy" rating and lifted their target price for the company from $37.00 to $41.00 in a research note on Monday, April 7th. One analyst has rated the stock with a sell rating, eight have given a hold rating and nine have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $42.80.

Ally Financial Stock Performance

Shares of ALLY traded up $0.16 on Friday, reaching $38.54. 2,691,746 shares of the stock traded hands, compared to its average volume of 3,354,050. The firm has a market cap of $11.84 billion, a price-to-earnings ratio of 25.02, a P/E/G ratio of 0.30 and a beta of 1.15. The company has a debt-to-equity ratio of 1.30, a current ratio of 0.92 and a quick ratio of 0.92. The stock's 50-day moving average price is $37.60 and its 200-day moving average price is $36.22. 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 Friday, July 18th. The financial services provider reported $0.99 EPS for the quarter, beating the consensus estimate of $0.78 by $0.21. The company had revenue of $2.08 billion during the quarter, compared to analysts' expectations of $2.03 billion. Ally Financial had a net margin of 7.64% and a return on equity of 9.48%. The business's revenue for the quarter was up 3.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.97 EPS. Equities analysts forecast that Ally Financial Inc. will post 3.57 EPS for the current fiscal year.

Ally Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 15th. Investors of record on Friday, August 1st will be given a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.11%. The ex-dividend date is Friday, August 1st. Ally Financial's dividend payout ratio is currently 77.92%.

Insider Buying and Selling

In other Ally Financial news, insider Stephanie N. Richard sold 8,000 shares of the firm'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 transaction of $257,120.00. Following the sale, the insider directly owned 90,387 shares in the company, valued at approximately $2,905,038.18. This trade represents a 8.13% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 0.67% of the company's stock.

About Ally Financial

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.