Forum Financial Management LP Invests $318,000 in Ally Financial Inc. (NYSE:ALLY)

Forum Financial Management LP acquired a new stake in Ally Financial Inc. (NYSE:ALLY - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm acquired 8,827 shares of the financial services provider's stock, valued at approximately $318,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Principal Securities Inc. grew its holdings in Ally Financial by 89.4% during the 4th quarter. Principal Securities Inc. now owns 1,051 shares of the financial services provider's stock worth $38,000 after acquiring an additional 496 shares during the last quarter. Kestra Investment Management LLC bought a new position in Ally Financial during the fourth quarter worth about $43,000. Harbour Investments Inc. lifted its holdings in shares of Ally Financial by 38.5% in the fourth quarter. Harbour Investments Inc. now owns 2,142 shares of the financial services provider's stock worth $77,000 after buying an additional 595 shares in the last quarter. Aster Capital Management DIFC Ltd purchased a new stake in shares of Ally Financial in the fourth quarter worth about $78,000. Finally, Van ECK Associates Corp purchased a new stake in Ally Financial in the fourth quarter valued at approximately $85,000. Institutional investors own 88.76% of the company's stock.

Ally Financial Trading Down 0.8%

Shares of NYSE:ALLY traded down $0.27 during midday trading on Friday, reaching $35.01. The company's stock had a trading volume of 23,849,801 shares, compared to its average volume of 3,694,789. The firm has a 50 day moving average price of $33.77 and a two-hundred day moving average price of $35.85. Ally Financial Inc. has a fifty-two week low of $29.52 and a fifty-two week high of $45.46. The company has a debt-to-equity ratio of 1.51, a quick ratio of 0.93 and a current ratio of 0.93. The firm has a market capitalization of $10.75 billion, a price-to-earnings ratio of 13.47, a PEG ratio of 0.32 and a beta of 1.14.

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 (EPS) for the quarter, topping analysts' consensus estimates of $0.43 by $0.15. The company had revenue of $1.54 billion for 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 quarter last year, the business posted $0.45 earnings per share. As a group, analysts forecast that Ally Financial Inc. will post 3.57 earnings per share for the current 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 given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.43%. The ex-dividend date was Thursday, May 1st. Ally Financial's payout ratio is 88.24%.

Insider Buying and Selling

In other news, CFO Russell E. Hutchinson purchased 8,200 shares of the business's stock in a transaction that occurred on Tuesday, April 22nd. The shares were bought at an average cost of $30.81 per share, for a total transaction of $252,642.00. Following the acquisition, 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 purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Stephanie N. Richard sold 8,000 shares of the 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 now directly owns 90,387 shares of the company's stock, valued at $2,905,038.18. The trade was a 8.13% decrease in their position. The disclosure for this sale can be found here. 0.67% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the company. JPMorgan Chase & Co. lowered their price target on Ally Financial from $43.00 to $36.00 and set an "overweight" rating for the company in a research report on Tuesday, April 8th. Morgan Stanley lowered their price target on Ally Financial from $45.00 to $39.00 and set an "outperform" rating on the stock in a 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. Compass Point raised Ally Financial from a "neutral" rating to a "buy" rating and upped their price objective for the stock from $37.00 to $41.00 in a report on Monday, April 7th. Wall Street Zen raised Ally Financial from a "sell" rating to a "hold" rating in a report on Friday, May 23rd. Finally, The Goldman Sachs Group upped their price objective on Ally Financial from $45.00 to $50.00 and gave the stock a "buy" rating in a report on Tuesday, April 1st. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and an average price target of $41.69.

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.