Man Group plc Acquires 79,428 Shares of Ally Financial Inc. (NYSE:ALLY)

Man Group plc grew its stake in Ally Financial Inc. (NYSE:ALLY - Free Report) by 40.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 276,812 shares of the financial services provider's stock after buying an additional 79,428 shares during the period. Man Group plc owned 0.09% of Ally Financial worth $9,968,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in the stock. Wealthcare Advisory Partners LLC bought a new position in shares of Ally Financial in the 4th quarter worth about $461,000. New York State Common Retirement Fund increased its holdings in Ally Financial by 11.6% in the fourth quarter. New York State Common Retirement Fund now owns 189,643 shares of the financial services provider's stock worth $6,829,000 after purchasing an additional 19,785 shares in the last quarter. Kestra Private Wealth Services LLC lifted its stake in Ally Financial by 16.1% in the fourth quarter. Kestra Private Wealth Services LLC now owns 147,933 shares of the financial services provider's stock valued at $5,327,000 after buying an additional 20,569 shares during the period. Atria Wealth Solutions Inc. boosted its holdings in shares of Ally Financial by 12.1% during the 4th quarter. Atria Wealth Solutions Inc. now owns 22,215 shares of the financial services provider's stock worth $800,000 after buying an additional 2,400 shares in the last quarter. Finally, GFS Advisors LLC acquired a new stake in shares of Ally Financial during the 4th quarter worth approximately $238,000. 88.76% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, insider Stephanie N. Richard sold 8,000 shares of Ally Financial stock in a transaction that occurred on Wednesday, April 30th. The shares were sold at an average price of $32.14, for a total value of $257,120.00. Following the sale, the insider now owns 90,387 shares of the company's stock, valued at approximately $2,905,038.18. The trade was a 8.13% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Russell E. Hutchinson acquired 8,200 shares of Ally Financial stock in a transaction on Tuesday, April 22nd. The shares were purchased at an average cost of $30.81 per share, with a total value of $252,642.00. Following the completion of the acquisition, the chief financial officer now owns 236,421 shares of the company's stock, valued at $7,284,131.01. This trade represents a 3.59% increase in their position. The disclosure for this purchase can be found here. 0.67% of the stock is owned by insiders.

Ally Financial Stock Down 0.0%

NYSE:ALLY traded down $0.01 on Thursday, hitting $33.92. The stock had a trading volume of 3,218,903 shares, compared to its average volume of 3,568,780. Ally Financial Inc. has a 1 year low of $29.52 and a 1 year high of $45.46. The firm's fifty day simple moving average is $34.00 and its two-hundred day simple moving average is $35.97. 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 stock has a market cap of $10.42 billion, a P/E ratio of 13.05, a price-to-earnings-growth ratio of 0.32 and a beta of 1.14.

Ally Financial (NYSE:ALLY - Get Free Report) last issued its quarterly earnings results on Thursday, April 17th. The financial services provider reported $0.58 EPS for the quarter, beating analysts' consensus estimates of $0.43 by $0.15. Ally Financial had a return on equity of 9.31% and a net margin of 11.29%. The company had revenue of $1.54 billion during the quarter, compared to the consensus estimate of $2.04 billion. During the same period last year, the business posted $0.45 earnings per share. Analysts predict that Ally Financial Inc. will post 3.57 earnings per share for the current year.

Ally Financial Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, May 15th. Investors of record on Thursday, May 1st were issued a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.54%. The ex-dividend date of this dividend was Thursday, May 1st. Ally Financial's dividend payout ratio (DPR) is currently 88.24%.

Wall Street Analysts Forecast Growth

ALLY has been the topic of a number of research analyst reports. Bank of America cut their price objective on shares of Ally Financial from $42.00 to $38.00 and set a "buy" rating on the stock in a research report on Monday, April 7th. Jefferies Financial Group increased their price target on Ally Financial from $35.00 to $40.00 and gave the stock a "hold" rating in a report on Thursday, January 23rd. Morgan Stanley decreased their price objective on Ally Financial from $45.00 to $39.00 and set an "outperform" rating for the company 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. Truist Financial lowered their target price on Ally Financial from $45.00 to $41.00 and set a "buy" rating on the stock in a research report on Tuesday, April 22nd. Finally, Royal Bank of Canada reissued an "outperform" rating and issued a $40.00 price target on shares of Ally Financial in a research report on Monday, April 21st. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and ten have issued a buy rating to the company. According to MarketBeat, the company has an average rating of "Hold" and a consensus price target of $41.69.

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.