Two Sigma Advisers LP Has $5.52 Million Stake in Ally Financial Inc. (NYSE:ALLY)

Two Sigma Advisers LP grew its holdings in Ally Financial Inc. (NYSE:ALLY - Free Report) by 234.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 153,300 shares of the financial services provider's stock after purchasing an additional 107,500 shares during the quarter. Two Sigma Advisers LP owned about 0.05% of Ally Financial worth $5,520,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently bought and sold shares of ALLY. Principal Securities Inc. boosted 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 worth $38,000 after purchasing an additional 496 shares in the last quarter. Kestra Investment Management LLC acquired a new position in shares of Ally Financial during the fourth quarter valued at $43,000. UMB Bank n.a. lifted its stake in shares of Ally Financial by 218.8% during the fourth quarter. UMB Bank n.a. now owns 1,546 shares of the financial services provider's stock valued at $56,000 after acquiring an additional 1,061 shares during the period. Harbour Investments Inc. lifted its stake in shares of Ally Financial by 38.5% during the fourth quarter. Harbour Investments Inc. now owns 2,142 shares of the financial services provider's stock valued at $77,000 after acquiring an additional 595 shares during the period. Finally, Aster Capital Management DIFC Ltd acquired a new position in shares of Ally Financial during the fourth quarter valued at $78,000. Institutional investors and hedge funds own 88.76% of the company's stock.

Ally Financial Stock Down 0.7%

Shares of NYSE:ALLY traded down $0.24 during mid-day trading on Friday, reaching $35.04. 2,245,384 shares of the stock were exchanged, compared to its average volume of 3,594,610. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 1.51. The company has a market cap of $10.76 billion, a P/E ratio of 13.48, a P/E/G ratio of 0.32 and a beta of 1.14. Ally Financial Inc. has a one year low of $29.52 and a one year high of $45.46. The stock's 50 day simple moving average is $33.82 and its 200-day simple moving average is $35.87.

Ally Financial (NYSE:ALLY - Get Free Report) last posted its quarterly earnings data 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. The business had revenue of $1.54 billion during the quarter, compared to the consensus estimate of $2.04 billion. Ally Financial had a return on equity of 9.31% and a net margin of 11.29%. During the same period last year, the company earned $0.45 earnings per share. As a group, equities research analysts predict that Ally Financial Inc. will post 3.57 EPS for the current year.

Ally Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, May 15th. Investors of record on Thursday, May 1st were issued a dividend of $0.30 per share. The ex-dividend date of this dividend was Thursday, May 1st. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.42%. Ally Financial's payout ratio is presently 88.24%.

Wall Street Analysts Forecast Growth

ALLY has been the topic of several research reports. Bank of America cut their price target on Ally Financial from $42.00 to $38.00 and set a "buy" rating on the stock in a research note on Monday, April 7th. The Goldman Sachs Group increased their target price on Ally Financial from $45.00 to $50.00 and gave the company a "buy" rating in a research note on Tuesday, April 1st. Wells Fargo & Company cut their target price on Ally Financial from $34.00 to $32.00 and set an "underweight" rating on the stock in a research note on Monday, April 21st. Wall Street Zen raised Ally Financial from a "sell" rating to a "hold" rating in a research note on Friday, May 23rd. Finally, 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 research note on Tuesday, April 22nd. Two equities research 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.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $41.69.

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 stock was 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 directly 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 purchased 8,200 shares of the firm's stock in a transaction on Tuesday, April 22nd. The stock was bought at an average price of $30.81 per share, with a total value of $252,642.00. Following the completion of the purchase, the chief financial officer now owns 236,421 shares of the company's stock, valued at approximately $7,284,131.01. This represents a 3.59% increase in their ownership of the stock. The disclosure for this purchase can be found here. 0.67% of the stock is owned by corporate insiders.

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.