CFC Planning Co LLC Takes Position in Ally Financial Inc. (NYSE:ALLY)

CFC Planning Co LLC purchased a new position in shares of Ally Financial Inc. (NYSE:ALLY - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 6,473 shares of the financial services provider's stock, valued at approximately $236,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Copia Wealth Management purchased a new position in shares of Ally Financial during the 1st quarter worth approximately $27,000. Private Trust Co. NA lifted its holdings in shares of Ally Financial by 125.7% during the 1st quarter. Private Trust Co. NA now owns 914 shares of the financial services provider's stock valued at $33,000 after buying an additional 509 shares during the period. Bessemer Group Inc. lifted its holdings in shares of Ally Financial by 59.6% during the 1st quarter. Bessemer Group Inc. now owns 1,010 shares of the financial services provider's stock valued at $37,000 after buying an additional 377 shares during the period. Harbour Investments Inc. lifted its holdings in shares of Ally Financial by 38.5% during the 4th quarter. Harbour Investments Inc. now owns 2,142 shares of the financial services provider's stock valued at $77,000 after buying an additional 595 shares during the period. Finally, Aster Capital Management DIFC Ltd bought a new position in shares of Ally Financial during the 4th quarter valued at $78,000. Institutional investors own 88.76% of the company's stock.

Insider Buying and Selling

In other Ally Financial news, insider Stephanie N. Richard sold 8,000 shares of the business'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 transaction, the insider directly owned 90,387 shares of the company's stock, valued at approximately $2,905,038.18. The trade was a 8.13% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Russell E. Hutchinson bought 8,200 shares of the stock in a transaction dated Tuesday, April 22nd. The shares were purchased at an average cost of $30.81 per share, for a total transaction of $252,642.00. Following the completion of the transaction, the chief financial officer directly owned 236,421 shares of the company's stock, valued at $7,284,131.01. This trade 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 company insiders.

Analysts Set New Price Targets

A number of equities analysts recently commented on ALLY shares. Royal Bank Of Canada reaffirmed an "outperform" rating and issued a $40.00 target price on shares of Ally Financial in a report on Monday, April 21st. BTIG Research cut Ally Financial from a "neutral" rating to a "sell" rating and set a $30.00 target price on the stock. in a report on Tuesday, March 25th. Compass Point raised Ally Financial from a "neutral" rating to a "buy" rating and raised their target price for the stock from $37.00 to $41.00 in a report on Monday, April 7th. Morgan Stanley reissued an "overweight" rating and set a $47.00 price target (up from $39.00) on shares of Ally Financial in a report on Thursday. Finally, Truist Financial raised their price target on Ally Financial from $41.00 to $44.00 and gave the company a "buy" rating in a report on Friday, June 13th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat.com, Ally Financial presently has an average rating of "Hold" and a consensus target price of $42.13.

Ally Financial Stock Up 0.4%

ALLY stock opened at $40.53 on Friday. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 1.38. The firm's 50-day moving average is $36.53 and its two-hundred day moving average is $35.95. Ally Financial Inc. has a 52 week low of $29.52 and a 52 week high of $45.46. The company has a market capitalization of $12.45 billion, a price-to-earnings ratio of 29.80, a price-to-earnings-growth ratio of 0.38 and a beta of 1.15.

Ally Financial (NYSE:ALLY - Get Free Report) last issued its quarterly earnings data on Thursday, April 17th. The financial services provider reported $0.58 earnings per share for the quarter, topping analysts' consensus estimates of $0.43 by $0.15. Ally Financial had a net margin of 6.96% and a return on equity of 9.53%. The business had revenue of $1.54 billion during the quarter, compared to analysts' expectations of $2.04 billion. During the same period in the previous year, the company earned $0.45 earnings per share. On average, analysts forecast that Ally Financial Inc. will post 3.57 earnings per share for the current fiscal year.

Ally Financial Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, May 15th. Stockholders of record on Thursday, May 1st were issued a $0.30 dividend. The ex-dividend date was Thursday, May 1st. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.96%. Ally Financial's dividend payout ratio (DPR) is presently 88.24%.

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.

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