Mn Services Vermogensbeheer B.V. Reduces Holdings in Ally Financial Inc. (NYSE:ALLY)

Mn Services Vermogensbeheer B.V. trimmed its stake in Ally Financial Inc. (NYSE:ALLY - Free Report) by 9.9% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 96,480 shares of the financial services provider's stock after selling 10,600 shares during the period. Mn Services Vermogensbeheer B.V.'s holdings in Ally Financial were worth $3,519,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of ALLY. Principal Securities Inc. grew its position in Ally Financial by 89.4% during the fourth quarter. Principal Securities Inc. now owns 1,051 shares of the financial services provider's stock valued at $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 valued at approximately $43,000. Harbour Investments Inc. grew its position in 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 last quarter. Aster Capital Management DIFC Ltd bought a new position in Ally Financial during the fourth quarter valued at approximately $78,000. Finally, Van ECK Associates Corp bought a new position in Ally Financial during the fourth quarter valued at approximately $85,000. 88.76% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, CFO Russell E. Hutchinson acquired 8,200 shares of the company's stock in a transaction that occurred on Tuesday, April 22nd. The shares were bought at an average price of $30.81 per share, with a total value of $252,642.00. Following the completion of the transaction, the chief financial officer now directly owns 236,421 shares in the company, valued at $7,284,131.01. This trade represents a 3.59% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Stephanie N. Richard sold 8,000 shares of the firm's stock in a transaction dated 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 directly owns 90,387 shares in the company, valued at approximately $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 owned by insiders.

Analyst Upgrades and Downgrades

A number of research analysts have commented on ALLY shares. Bank of America reduced their price target 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. Wall Street Zen raised Ally Financial from a "sell" rating to a "hold" rating in a research note on Friday, May 23rd. The Goldman Sachs Group increased their price objective on Ally Financial from $45.00 to $50.00 and gave the company a "buy" rating in a research note on Tuesday, April 1st. JPMorgan Chase & Co. dropped their price objective on Ally Financial from $43.00 to $36.00 and set an "overweight" rating for the company in a research note on Tuesday, April 8th. Finally, Morgan Stanley dropped their price objective on Ally Financial from $45.00 to $39.00 and set an "outperform" rating for the company in a research note 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. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and ten have issued a buy rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Hold" and a consensus price target of $41.88.

Ally Financial Stock Performance

NYSE ALLY traded up $0.10 during trading hours on Friday, hitting $36.94. The company's stock had a trading volume of 3,158,670 shares, compared to its average volume of 3,782,123. Ally Financial Inc. has a 12 month low of $29.52 and a 12 month high of $45.46. The company's 50 day simple moving average is $34.45 and its two-hundred day simple moving average is $35.69. The company has a market cap of $11.35 billion, a P/E ratio of 27.16, a price-to-earnings-growth ratio of 0.35 and a beta of 1.14. The company has a debt-to-equity ratio of 1.38, a current ratio of 0.90 and a quick ratio of 0.90.

Ally Financial (NYSE:ALLY - Get Free Report) last released its quarterly earnings data on Thursday, April 17th. The financial services provider reported $0.58 EPS for the quarter, topping the consensus estimate of $0.43 by $0.15. Ally Financial had a return on equity of 9.53% and a net margin of 6.96%. 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 company earned $0.45 EPS. As a group, sell-side analysts expect that Ally Financial Inc. will post 3.57 EPS for the current fiscal year.

Ally Financial Announces Dividend

The firm 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. The ex-dividend date of this dividend was Thursday, May 1st. This represents a $1.20 dividend on an annualized basis and a yield of 3.25%. Ally Financial's dividend payout ratio is presently 88.24%.

Ally Financial Company 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.